| Feb 5, 2014
| 11:38 PM
Sony Corp. unexpectedly forecast a $1.1 billion annual loss and will cut 5,000 more jobs as Chief Executive Officer Kazuo Hirai widens his restructuring plan in the face of shrinking demand for TVs and computers.
The net loss will total 110 billion...
| Apr 11, 2014
| 8:12 AM
California's banking giant, Wells Fargo & Co., reported 14% higher first quarter earnings, powering well beyond Wall Street's expectations as declining loan losses and operating cost cuts offset the slowdown in mortgages at America's largest home lender. ...
| Feb 26, 2014
| 7:33 AM
The holiday season was never going to be easy for Target Corp. as it tried to lift foot traffic and keep up with competitors’ discounts.
But it was the vast data breach at the Minneapolis retailer in the heat of Christmas shopping season that...
| Feb 20, 2014
| 7:57 AM
If Wal-Mart Stores Inc.'s fiscal fourth-quarter earnings were any indication, the economy could use some shaping up.
The Bentonville, Ark., giant, the largest retailer in the world, said its profit for the three-month period ended Jan. 31, plunged 21%...
| Jan 14, 2014
| 9:04 AM
Retailers taking on an army of seasonal workers in December helped push overall holiday hiring levels to a 14-year peak this year, according to a new report.
But the better-than-expected increase of 801,100 jobs over the final three months of the year...
| Apr 6, 2014
| 5:00 AM
The stock market is hitting new highs — just as corporate profit growth is slowing to a crawl.
Rising earnings helped drive share prices to a series of record peaks in the last few years. But that dynamic could be tested this week when companies...
| Jan 14, 2014
| 6:06 AM
NEW YORK -- JPMorgan Chase & Co.'s profit slipped 7% in the fourth quarter as the bank's legal costs mounted and investment banking slumped.
The nation's largest bank said Tuesday it earned $5.3 billion, or $1.30 a share, down from $5.7 billion, or $1....
| Mar 5, 2014
| 12:17 PM
Thanks to declining fuel prices, the nation's airlines reported healthy profits in 2013 and can expect a record number of passengers on international flights this spring.
That was the message Wednesday from Airlines for America, the trade group for...
| Feb 11, 2014
| 12:33 PM
CVS Caremark Corp.'s shares climbed Tuesday after the drugstore chain raised its profit estimate for the first three months of the year and reassured investors that it could withstand its decision to stop selling tobacco products.
The nation's second-...
| Jan 22, 2014
| 7:44 AM
Northern Trust Corp. reported earnings per share of 70 cents a share in the fourth quarter, up a penny from the year-ago period.
If it weren't for settlements over class-action lawsuits filed at the height of the financial crisis, the company would...
| Jan 22, 2014
| 11:00 AM
Abbott Laboratories on Wednesday reported weaker-than-expected revenue for the second consecutive quarter, as sluggish sales of its generic pharmaceuticals and continued effects of an overseas recall of its baby formula last summer continued to drag on...
| Jan 23, 2014
| 5:04 AM
Baxter International Inc. on Monday reported better-than-expected income and revenue for the fourth quarter as demand for its hemophilia and dialysis products boosted sales.
The Deerfield-based medical products company said net income fell 34 percent to...