JCPenney Shares Tumble After Weak Profit OutlookJ.C. Penney is issuing a weak profit forecast as it accelerated its move to slash prices on goods to clear out inventory. Shares are tumbling more than 25-percent in premarket trading.
American, Southwest Signal Rising Airline Prices AheadAmerican and Southwest are expecting their average prices to move higher the rest of this year, which would mark a shift from fare wars that have cut into profits and created turbulence for airline stock prices.
Uber Posts $708M Loss As Revenue Grows; Finance Head QuitsRide-hailing giant Uber has reported another multimillion dollar loss even as its revenues grow.
Report: Ford Planning Big Job Cuts To Boost ProfitsThe Wall Street Journal reports that Ford Motor Co. is planning substantial job cuts in order to boost profits and raise its stock price.
American Airlines Tops 1Q Profit ForecastsAmerican Airlines Group Inc. is reporting first-quarter earnings of $234 million. On a per-share basis, the Fort Worth-based company said it had net income of 46 cents.
Twitter Struggles To Turn Headlines Into CashTwitter is struggling to convert its headline omnipresence into cash, and its profit forecast sent investors scrambling before the opening bell Thursday.
GM In The Fast Lane, Easily Tops ExpectationsGeneral Motors' net profit fell just under 3 percent last year but the company still made a $9.4 billion on the back of its U.S. money machine.
Southwest Airlines Profit Slips On Lower Fares, Higher CostsSouthwest Airlines says travel demand has picked up and the long decline in average fares could be ending soon.
Restaurants Cashing In With Election-Themed Menu ItemsRestaurants like Greenville Avenue Pizza are making and selling presidential pizzas.
General Motors 2Q Profit More Than Doubles On U.S. EarningsGeneral Motors' second-quarter profit more than doubled to a record $2.87 billion, even as the company cut sales to rental car companies and saw its sales fall in the U.S., its most lucrative market.
GM Profits More Than Double On Record N. America EarningsGeneral Motors' first quarter profit more than doubled as all of its business units posted improved numbers including record pretax earnings in North America.
American Airlines To Give Profit Sharing To EmployeesComing off record earnings, American Airlines says it will make profit-sharing payments to employees. Fort Worth-based American said Wednesday that it will share 5 percent of its pretax earnings.