FILE- This March 20, 2018, file photo shows the Uber app on an iPad in Baltimore. Uber reports earnings Wednesday, March 23. (AP Photo/Patrick Semansky, File)
May 23, 2018 - 4:39 pm
Three investors are looking to buy stakes in Uber in an offer that values the company at $62 billion. The ride-hailing giant said Wednesday the investors want to buy up to $600 million worth of the private company's stock. They're offering $40 per share, giving Uber a valuation that's nearly 30...
Read More
FILE- In this Feb. 23, 2018, file photo sales associate Bob Henriques, of Framingham, Mass., moves items at a Lowe's retail home improvement and appliance store, in Framingham. Lowe's Companies Inc. reports earnings on Wednesday, May 23. (AP Photo/Steven Senne, File)
May 23, 2018 - 7:18 am
MOORESVILLE, N.C. (AP) — Lowe's, which named a new CEO this week, is reporting weak profit and revenue numbers for its first quarter in which harsh winter weather cut into the traditional spring sales season. The Mooresville, North Carolina, company earned $988 million, or $1.19 per share, for the...
Read More
FILE - This May 3, 2017, file photo shows the logo on a Target store in Upper Saint Clair, Pa. Target Corp. reports earnings on Wednesday, May 23, 2018. (AP Photo/Gene J. Puskar, File)
May 23, 2018 - 6:53 am
MINNEAPOLIS (AP) — Target, which is pushing through a year of transition, is posting weaker-than-expected profits for the first quarter. The Minneapolis retailer on Wednesday reported a profit of $718 million, or $1.33 per share. Earnings, adjusted for pretax gains and to account for discontinued...
Read More
Trader Andrew Silverman works on the floor of the New York Stock Exchange, Tuesday, May 22, 2018. U.S. stocks are making modest gains as energy companies rise with oil prices and banks also move higher. (AP Photo/Richard Drew)
May 22, 2018 - 5:11 pm
NEW YORK (AP) — Stocks faded Tuesday afternoon and finished the day mostly lower as industrial companies and retailers fell. Smaller and more U.S.-focused companies slumped after setting records the last few days. Large industrial companies like Boeing, 3M and Caterpillar slipped, and retailers...
Read More
May 22, 2018 - 3:37 pm
ATLANTIC CITY, N.J. (AP) — Atlantic City's seven casinos all remained profitable during the first quarter of this year, but those profits are shrinking even as two new competitors prepare to join the market. Figures released Tuesday by the state Casino Control Commission show Atlantic City's...
Read More
FILE- In this Feb. 22, 2018, file photo, a shopper loads her car after shopping at a Walmart in Pittsburgh. Walmart Inc. reports earnings on Thursday, May 17, 2018. (AP Photo/Gene J. Puskar, File)
May 17, 2018 - 6:15 pm
NEW YORK (AP) — Walmart's improving store experience and rebounding online sales helped to power first-quarter results. The world's largest retailer reported Thursday that both revenue and profits beat Wall Street estimates. Sales at stores opened at least a year rose a solid 2.1 percent. It's an...
Read More
In this Wednesday, May 16, 2018, photo, the JC Penney logo is seen hanging outside the Manhattan mall in New York. J.C. Penney Co. reports earnings on Thursday, May 17. (AP Photo/Mary Altaffer)
May 17, 2018 - 8:34 am
NEW YORK (AP) — J.C. Penney cut its outlook for the year as it trims costs to help offset declining revenue. The company's first-quarter loss is along the lines of what analysts had expected, and revenue topped expectations. But its outlook for the year is short of most projections. Shares slid 11...
Read More
May 17, 2018 - 3:54 am
COPENHAGEN, Denmark (AP) — Danish shipping group A.P. Moller-Maersk says its first-quarter revenue increased by 30 percent to $9.3 billion, but also noted increased uncertainties due to geopolitical risks, trade tensions and other factors impacting freight rates, bunker prices and rate of exchange...
Read More
FILE- This May 2, 2017, file photo shows corporate signage at Macy's flagship store in Manhattan, in New York. Macy's Inc. reports earnings Wednesday, May 16, 2018. (AP Photo/Bebeto Matthews, File)
May 16, 2018 - 12:06 pm
NEW YORK (AP) — With shoppers in a mood to spend, particularly on clothing, Macy's surpassed profit and revenue expectations for the first quarter of the year and raised its outlook. The company reported its second straight quarter of higher sales at existing stores after a three-year funk. Its...
Read More
In this Nov. 10, 2017, photo, visitors walk around a gallery of the Nissan Motor Co. at its global headquarters in Yokohama, near Tokyo. Japanese automaker Nissan said Monday, May 14, 2018 its profit fell 32 percent in the last quarter from a year earlier as a strong yen, rising raw materials costs and research expenses bit into earnings. (AP Photo/Koji Sasahara)
May 14, 2018 - 5:56 am
TOKYO (AP) — Nissan Motor Co.'s profit fell 32 percent in the last quarter from a year earlier as a strong yen, rising raw materials costs and research expenses bit into earnings, the Japanese automaker reported Monday. Nissan's January-March profit was 168.8 billion yen ($1.5 billion), down from...
Read More