As JC Penney Raises Profit Forecast, CEO Tries To Reinvigorate StoresTroubled department store chain J.C. Penney raised its annual profit forecast Friday after reporting narrowed losses.
Southwest Airlines 3rd Quarter Profits Spike Despite Grounding Of 737 Max JetsSouthwest Airlines is holding its own through the grounding of its Boeing 737 Max aircraft fleet, reporting a 7% jump in profits.
Southwest Extends Boeing 737 Max Cancellations, Pulls Out Of Newark AirportSouthwest Airlines has become the first airline to say it won't fly the Boeing 737 Max aircraft again until next year.
Nissan Set To Cut 12,500 Jobs As Profits PlungeNissan is slashing 12,500 jobs to cut costs as profits tumble and sales continue at a weak pace.
American Airlines Shares Tumble On More Cautious 4Q OutlookAirline stocks are falling as American Airlines says fourth-quarter revenue and full-year profit will be lighter than expected.
American Airlines Profits Cut Sharply By High Fuel CostsHigher fuel costs slashed third-quarter profit at American Airlines by nearly half.
Exxon Profit Surges, Just Not EnoughThe Irving, Texas-based company on Friday reported second-quarter profit of $3.95 billion, or 92 cents per share.
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.