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Madison Square Garden reports wider loss as revenue falls more than expected
Madison Square Garden Co. reported Tuesday a wider fiscal fourth-quarter loss and revenue that fell more than expected, amid weakness in its MSG Sports business. The stock was still i.....»»
WeWork IPO filing shows big loss
WeWork owner The We Company filed for an initial public offering Wednesday, unveiling a nearly $700 million loss in the first half of this year. Fred Katayama reports......»»
WeWork IPO filing shows big loss
WeWork owner The We Company filed for an initial public offering Wednesday, unveiling a nearly $700 million loss in the first half of this year. Fred Katayama reports......»»
Kraft Heinz writes down $1 bln
Kraft Heinz shocked Wall Street again Thursday as the packaged food maker took a $1.2 billion write down for several business units and withdrew its full-year forecast. As Fred Katayama reports, that sent its already reeling shares further south......»»
Pfizer unit to merge with Mylan
Drugmaker Pfizer will spin off its generic drugs business and combine it with Mylan. As Fred Katayama reports, that'll allow Pfizer to focus on its more profitable cancer business......»»
Deutsche Bank suffers $3.5 billion loss on road to reinvention
Deutsche Bank reported a bigger than forecast quarterly loss of 3.15 billion euros ($3.5 billion), underlining the challenges it faces as it attempts to turn around its struggling business. David Pollard reports......»»
Coty is getting a big makeover
Coty is writing down $3 billion on the beauty brands it bought from Procter & Gamble and restructuring its business. As Fred Katayama reports, investors gave the turnaround plan the thumbs down, sending its shares south......»»
Broadcom"s warning slams chip stocks
Broadcom sent a shockwave to global chip stocks Friday after warning the U.S.-China trade war and ban on doing business with Huawei would rob it of $2 billion in sales this year. Fred Katayama reports......»»
Macy"s says tariffs will dent its furniture business
Macy's CEO also said additional U.S. trade leveies on Chinese goods would leave its clothing and accessory business vulnerable. Fred Katayama reports......»»
GE swings to a profit
General Electric swung to a quarterly profit from a loss as the beleaguered conglomerate's earnings from continuing operations more than tripled. Fred Katayama reports......»»
Shutterfly (SFLY) Reports Narrower-Than-Expected Loss in Q1
The Lifetouch and Business Solutions segments' robust performances drive Shutterfly's (SFLY) top line in first.....»»
Nokia reports surprise first quarter loss, sees pressure in second half
Finnish telecom network equipment maker Nokia reported a surprise quarterly loss on Thursday, citing hard competition in its core networks business......»»
Nvidia outbids Intel for Mellanox
Nvidia knocked out Intel in its bid to buy the Israel chipmaker Mellanox. As Fred Katayama reports, the $6.8 billion deal will help Nvidia boost its business of making data center chips that help power cloud computing. Fred Katayama reports......»»
Halliburton revenue gushes higher
The oilfield services giant swung to a profit from a loss as companies in North America boosted oil and gas production. Fred Katayama reports......»»
BlackRock ETFs pull in $35 billion
Growth in its ETF business helped BlackRock boost its quarterly revenue and profit despite market volatility. Fred Katayama reports......»»
Dorel Reports First Quarter 2018 Results
Results reflect US$12.5 million impairment loss on trade accounts receivable from Toys"R"Us liquidation Most Toys"R"Us business expected to be replaced starting second half Dorel Juvenile and Dorel Sports introducing numerou.....»»
Fred"s reaches $40M deal with CVS
Just weeks after publicly announcing plans to sell its specialty pharmacy business, Fred’s Inc. has a buyer. The Memphis-based general merchandise and pharmacy store announced today that it had reached a definitive agreement to sell certain ass.....»»
Campbell cuts outlook; CEO steps down
Campbell Soup CEO Denise Morrison suddenly stepped down Friday as the company reported it had swung to a quarterly loss and cut its earnings forecast. Fred Katayama reports......»»
Fred"s $40M deal with CVS closes
Memphis-based Fred’s has closed the $40 million sale of its specialty pharmacy business. In early May, Fred’s announced it reached a definitive agreement to sell certain assets of its specialty pharmacy unit — EntrustRx — to Advanced Care.....»»
Microsoft to buy GitHub for $7.5 bln
Microsoft will buy privately held coding website GitHub for $7.5 billion in an all-stock deal to beef up its cloud computing business. Fred Katayama reports......»»