Financial Performance
Samsung predicts 56% drop in 2Q profit on weak chip market
Jul 5, 2019
Samsung Electronics Co. says its operating profit for the last quarter likely fell more than 56% from a year earlier amid a weak market for memory chips
PG&E's lenders offer billions, new name to rebrand utility
Jun 25, 2019
Pacific Gas & Electric's key lenders have offered a $30 billion plan to pull the utility out of bankruptcy, give the tarnished company a new name
MediaNews plans to cut 81 jobs at Reading Eagle
Jun 19, 2019
The new owners of the Reading Eagle plan to lay off more than a third of the staff after they assume control of the 150-year-old newspaper and the company's other assets later this month
Markets Right Now: Stocks rise again, though energy tanks
Jun 5, 2019
Stocks are closing higher for a second straight day Wednesday, although a sharp drop in energy shares tempered the gains
S&P upgrades Indonesia credit after Widodo election win
May 31, 2019
Ratings agency Standard & Poor's has upgraded Indonesia's sovereign credit rating following the election of Joko Widodo to a second term as president
Uber's Q1 losses reach $1B despite revenue growth
May 30, 2019
Uber is continuing to bleed money even as it posts dramatic revenue growth
US stocks muster slight gains after listless day of trading
May 30, 2019
Major U.S. stock indexes capped a day of listless trading with modest gains Thursday, snapping the market's two-day losing streak
CEO Pay: When investors say "nay" on spiraling packages
May 24, 2019
Shareholders are still voting overwhelmingly in favor of big pay packages for CEOs, but there are more pockets of resistance eight years after "say on pay" became a mandatory exercise at annual meetings
US stocks rebound, but still face losses for the week
May 24, 2019
Technology companies are helping U.S. stocks bounce back from an early slide, though the market is still on track to close out a turbulent week of trading with its third straight weekly loss
Deutsche Bank ready for 'tough cuts' as share price sags
May 23, 2019
The CEO of Deutsche Bank is saying he is ready to make "tough cuts" as he aims to strengthen the struggling bank's profitability and raise what he called a "disappointing" share price
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