X

Kansas City Southern reports strong first quarter 2018 results

Kansas City Southern (KSU) reported a 5% jump in revenues for the first quarter of 2018 to $639 million compared…

Barclays CEO gets to keep job after whistle-blower scandal

Barclays’ CEO James E. Staley has been awarded a fine for his attempts to find the identity of a whistle-blower,…

General Electric Q1 earnings beat expectations, triggers stock rally

Engineering behemoth General Electric (GE) reported an increase in first quarter profit, helped mainly by improved performance by the aviation…

Honeywell lifts 2018 outlook after upbeat Q1

Industrial conglomerate Honeywell International Inc. (HON) reported better-than-expected first-quarter results, backed by exceptional sales performance across its segments. The company…

Mattel chief steps down amidst challenges

Margaret Georgiadis, CEO of Mattel (MAT) — the troubled toymaker mostly known for the iconic Barbie dolls — has decided…

Skechers Q1 earnings up 25%; shares plummet on downbeat outlook

Footwear maker Skechers USA (SKX) Thursday said its first-quarter profit jumped sharply helped by record revenue growth. The company, however,…

New day, new bankruptcy: Bon-Ton bids goodbye

The state of the retail sector and the increasing bankruptcies of popular retailers have been discussed at length in every…

Shire rejects Takeda’s $60-billion takeover offer

Irish drugmaker Shire (SHPG) has been in the limelight ever since the Japanese giant Takeda made an acquisition offer. The…

More heads roll as Nike revisits workplace culture

More than a decade ago, operations management at Nike (NKE) was thrown into turmoil when the company tweaked its supply…

Qualcomm opts for mass layoffs as part of cost-cutting plan

Chipmaker Qualcomm (QCOM), which is trapped in the middle of the trade war between China and the US, is slashing…