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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