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Earnings Outlook: Micron earnings: Miserable year has cost company billions
What difference has a year made for Micron Technology Inc.? Try a profit shortfall of more than $3 billion......»»
State Street sticks to hiring freeze as revenue, profits fall
State Street Corp. on Tuesday reported year-over-year decreases in revenue and profits, with executives saying a hiring freeze remained in effect and emphasizing their focus on finding cost savings. The Boston-based company (NYSE: STT) has been h.....»»
30-year-old orca Kayla dies suddenly at SeaWorld in Orlando
Kayla's death comes a few years after SeaWorld made changes to how it treats orcas. In 2016, the company announced it would stop breeding the w.....»»
98point6 lays off employees after shifting focus last year
The Seattle-based telehealth company sold its original business line to Transcarent for about $100 million a year ago......»»
Energy intelligence company GridBeyond closes $55M Series C round
Four years after expanding to Houston, GridBeyond has closed its largest funding round to date. The company made its first U.S. acquisition last year......»»
Chesterfield pipeline repair company Aegion goes private as its acquisition closes
A St. Louis public company that became the focus of a bidding war earlier this year has officially been taken private......»»
Under Armour founder sold $138 million in stock during time period company allegedly misled investors about slowing sales
The SEC says the company made misleading claims to investors from October 2015 through January 2017. Plank carried out scheduled stock sales in November 2015 and April 2016, according to regulatory filings......»»
America"s newest airline, known for its $19 flights, is spending $1.2 million to bring its cheap trips to the East Coast
Avelo Airlines just made its Hollywood debut in April and already has plans to expand its low-cost leisure flights to the East Coast by year's end. Flying on the first flight of Avelo Airlines. Thomas Pallini/Insider Avelo Airlines is comi.....»»
SpaceX launches NASA’s Crew-2 to orbit, its third human spaceflight in less than a year
SpaceX's third human spaceflight in less than a year is comprised of an international group of astronauts and comes as the company plans several more, including two made up of private citizens......»»
Playboy is up 143% since going public via SPAC this year as the adult lifestyle brand lures investors with pivot to NFTs
Playboy's parent PLBY Group has skyrocketed 143% since going public via SPAC on February 11. The company has reemerged with a focus on lifestyle and sexual health. Playboy covers are seen on dis.....»»
Warren Buffett"s Berkshire Hathaway has scored a $12 billion gain on American Express and Bank of America this year
The billionaire investor's company has made about $4 billion on American Express and $8 billion on Bank of America in under five months. Warren Buffett. AP Images Warren Buffett has racked up a $12 billion gain on two stocks .....»»
These CEOs Made Only $1 Last Year
Two public company CEOs took only about a $1 in total composition last year, according to company proxies......»»
McDonald’s CEO Made 1,100 Times What His Workers Did
Last year, the CEO of McDonald’s made almost 1,200 times the median compensation of the company's workers, according to a new analysis......»»
Warren Buffett"s Berkshire Hathaway scores $17 billion gain across 5 stocks as value stages a comeback
The famed investor's company has made a remarkable $9 billion on its Bank of America stake since January. Warren Buffett. REUTERS Warren Buffett has racked up $17 billion in gains across just five stocks this year.Berkshire Hathaway.....»»
3 of Snap"s top leaders have made multimillion-dollar home purchases in the last year amid a major comeback for the company
These three major home purchases follow a breakout year for Snap in which shares of the company's stock have risen roughly 34%. Snap CEO Evan Spiegel. Getty Three Snap execs have made multimillion-dollar home purchases in the.....»»
Despite $77M Q4 loss, St. Louis footwear firm Caleres sees signs of market stability
The company said it continues to be beset by pandemic-related issues, as well as supply chain disruptions, but touted a steep decline in cost savings and an expanded focus on ecommerce as signs of progress......»»
The New York Post: Warren Buffett admits ‘mistake’ cost Berkshire Hathaway $11 billion
Berkshire Hathaway earned $42.5 billion in 2020, but on Saturday, CEO Warren Buffett admitted the conglomerate’s results for the year included a rare “mistake” — that cost the company $11 billion......»»
Tesla"s bitcoin investment reportedly made more profit this year than car sales in the whole of 2020
EV-company Tesla's .....»»
FuelCell Repays $6.57M PPP Note
Clean energy manufacturing company FuelCell Energy Inc (NASDAQ: FCEL) has repaid the entirety of a $6.57-million Paycheck Protection Program (PPP) CARES Act claim made last year. read more.....»»
JetBlue founder David Neeleman"s new airline is almost ready for takeoff with the addition of new aircraft - here"s what we know about Breeze Airways
Neeleman has described Breeze as a "high-tech company that just happens to fly airplanes," with a big focus on cost-saving tech to keep fares low. .....»»