Airlines Are Posting Big Profits After Raising Fares, Cutting Costs
BusinessRecovery takes hold as travelers take advantage of reopened borders Source link
Earnings
Moderna’s Earnings, Revenue Fall on Fewer Covid Vaccine Sales
Demand for its Covid-19 vaccine sank from year-earlier highs when the spread of the Omicron variant boosted sales. Source link
Jeep Maker Stellantis to Hand $4.5 Billion to Shareholders
Stellantis is planning to distribute $4.47 billion in dividends to shareholders and buy back up to $1.60 billion worth of...
Disney’s New ‘Ant-Man’ Movie Brings in Over $100 Million on Opening Weekend
Early performance from “Ant-Man and the Wasp: Quantumania” has surpassed studio projections, company executive says. Source link
Economy Week Ahead: U.S. Household Spending, Home Sales in Focus
EconomyEconomy Week AheadThe Federal Reserve also slated to release minutes about interest rates Source link
AMC Networks Earnings Top Views as Company Slashes Costs
Kristin Dolan, the spouse of interim Executive Chairman James Dolan, is set to take over as CEO of the company...
Paramount to Raise Paramount+ Prices as It Combines With Showtime
Paramount+ gained 9.9 million subscribers in the fourth quarter, boosting its customer base to nearly 56 million. Source link
New York Times Adds 240,000 Digital Subscribers
BusinessCompany expects digital-ad revenue to shrink amid ‘tough market’ Source link
VW Says 2022 Sales and Profit in Line With Forecasts
BusinessEarnings PreviewPreliminary figures show supply-chain woes weakened cash flow Source link
BP Slows Transition to Renewable Energy as Oil Bonanza Continues
The company said it would slow its transition to lower-carbon energy, as oil-and-gas production helped push the company to a...
Tyson Foods Profit Declines as Beef Price Drops
Profit margins from the meat processor’s beef division have come under pressure as consumer demand softens for premium cuts of...
Ford Posts $1.3 Billion Fourth-Quarter Profit, Misses Full-Year Profit Guidance
Supply-chain disruptions slowed production at the car maker and caused it to miss its annual goal. Source link
Honeywell Revenue Rises 6% as Company Signals Slowing Growth
BusinessEarningsManufacturer predicts growth will slow in its initial 2023 outlook after challenging year Source link
Estée Lauder Sales Hit Again by China’s Covid Lockdowns
The cosmetics company reported a 17% decline in quarterly sales as retailers tightening their inventories also weighed on its business....
Shell Adds $41 Billion in Profit to Record Annual Haul From Oil Majors
BusinessEarningsThe results bring to more than $132 billion the combined profit last year of the three big majors Source link
Mondelez Expects Fewer Price Increases This Year
The maker of Oreo cookies and Sour Patch Kids candy said it doesn’t plan to raise prices further in the...
Exxon Vaults to Record Annual Profit of $55.7 Billion
BusinessEarningsOnly Apple and Microsoft so far have surpassed Exxon’s fiscal 2022 profit as the oil giant capitalized on high commodity...
Memory-Chip Makers Face a Prolonged Price Slump
Prices of the chips are expected to keep falling in the first half of 2023, putting more pressure on an...
Chevron Rides High Oil Prices to Record $35.5 Billion Annual Profit
The oil company banked historic profit last year as the pandemic receded and the war in Ukraine pushed oil prices...
Southwest Airlines Earnings Hit by $220 Million Loss After Holiday Meltdown
BusinessEarningsCustomer cancellations at biggest domestic airline spills into first quarter Source link
