J.C. Penney Chief Restoring Old Strategies
J. C. Penney already brought back its old chief executive. Now it is restoring his old strategies. From increasing promotions to bringing back house brands like St. John’s Bay, Myron E. ... Read more
Tag Archives: Company Reports
Dell’s Earnings Fall 79% as Sales of PCs Fade
Dell, the subject of a takeover battle between the activist investor Carl Icahn and the company’s billionaire founder, reported a 79 percent slide in profit as personal computer sales continued to shrink. ... Read more
Cisco Rides Technology Trends to 14.5% Increase in Profit
SAN FRANCISCO — Trends in technology are being good to Cisco Systems. The world’s largest maker of networking gear has stumbled in recent years as companies bought less and new ... Read more
Cisco Profit Rises 14.5%
SAN FRANCISCO—Cisco Systems reported higher earnings Wednesday for its third fiscal quarter due to what the company said was an improving economy in the United States and some other parts of the world. ... Read more
Sony Reports First Annual Profit Since 2008
TOKYO — Sony said Thursday that it had eked out an annual profit for the first time in five years, thanks to belt-tightening and a wave of good fortune for exporters brought about by the weakening yen, but ... Read more
Groupon Narrows Its Loss After String of Disappointing Results
Groupon reported better-than-expected quarterly revenue on Wednesday as the company’s main daily deals business in North America turned in a strong performance. The company also reported ... Read more
AOL Says Ad Revenue Helped First-Quarter Earnings
AOL, the giant online portal turned media company, on Wednesday reported first-quarter revenue of $538 million, up 2 percent from the same quarter a year earlier. Net income grew 23 percent to $26 million. ... Read more
Looking Ahead: Economic Reports for the Week of May 6
ECONOMIC REPORTS Information to be released includes the euro area purchasing managers’ index for April (Monday); United States consumer credit for March and China trade data for April (Tuesday); China ... Read more
BMW Earnings Decline 15.9%
BERLIN — BMW said Thursday that first-quarter earnings in its critical automotive division fell more than expected, as heavy discounts in core European markets and technology costs curbed profits from ... Read more
Viacom and Time Warner Post Lower Revenue
Despite strong performances from their cable television channels, Viacom and Time Warner both suffered from sluggishness at their film divisions in the most recent quarter, which hindered the companies’ ... Read more