As Oil & Gas Industry Struggles, Texas-Based Exxon Posts $2.7B Quarterly ProfitIrving-based Exxon Mobil reported profits of $2.73 billion in the first quarter, after a tumultuous year led to major spending reductions.
Pandemic Leads To $8.9 Billion Losses For American AirlinesThe COVID-19 pandemic has taken a toll on air carriers. The largest U.S. airline, Fort Worth-based American Airlines, lost $2.2 billion in the fourth quarter.
Bonus Time: Southwest Airlines Giving Employees 6 Weeks Worth Of Extra PayThe Dallas-based airline is giving 60,000 employees a $667-million profit-sharing bonus.
Despite Falling Q4 Profits, Dallas-Based Southwest Airlines Still Increased Profit-SharingDespite profits tumbling more than 21% Dallas-based Southwest Airlines still plans on sharing more than $650 million with employees.
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.