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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.....»»

Category: topSource: marketwatchAug 20th, 2019

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......»»

Category: topSource: moneycentralAug 14th, 2019

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......»»

Category: videoSource: reutersAug 14th, 2019

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......»»

Category: videoSource: reutersAug 8th, 2019

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......»»

Category: videoSource: reutersJul 29th, 2019

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......»»

Category: videoSource: reutersJul 24th, 2019

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......»»

Category: videoSource: reutersJul 1st, 2019

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......»»

Category: videoSource: reutersJun 14th, 2019

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......»»

Category: videoSource: reutersMay 15th, 2019

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......»»

Category: videoSource: reutersApr 30th, 2019

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.....»»

Category: smallbizSource: nytApr 29th, 2019

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......»»

Category: topSource: reutersApr 25th, 2019

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......»»

Category: videoSource: reutersMar 11th, 2019

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......»»

Category: videoSource: reutersApr 23rd, 2018

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......»»

Category: videoSource: reutersApr 12th, 2018

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.....»»

Category: earningsSource: benzingaMay 4th, 2018

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.....»»

Category: topSource: bizjournalsMay 7th, 2018

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......»»

Category: videoSource: reutersMay 18th, 2018

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.....»»

Category: topSource: bizjournalsJun 4th, 2018

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......»»

Category: videoSource: reutersJun 4th, 2018