Tag: Corporate news
With taxpayers’ help, Delta posts $652 million profit in 2Q
Delta Air Lines reported its first quarterly profit since the pandemic devastated the airline industry more than a year ago, as hordes of vacation...
Report: Appalachian states face billions in mining cleanup
LOUISVILLE, Ky. — The cleanup and reclaiming of coal mines in seven Appalachian states will cost billions, and Kentucky and West Virginia have the...
Citigroup profits soar due to fewer bad loans
NEW YORK — Citigroup profits jumped more than five fold from a year earlier, helped by an improving economy that resulted in fewer bad...
Stocks wobble as investors digest earnings, inflation risks
Stocks wobbled in afternoon trading as investors weighed the latest corporate earning reports and the Federal Reserve's chair's comments on inflation.
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Stocks open higher; Citi, Wells Fargo lead gains for banks
Stocks are opening broadly higher on Wall Street Wednesday as several big companies reported results that were better than analysts were expecting. The S&P...
Facebook asks for recusal of FTC head in antitrust probes
WASHINGTON — Facebook is asking that the new head of the Federal Trade Commission step away from antitrust investigations into the social network giant,...
Wells Fargo beats expectations with $6 billion profit in 2Q
SILVER SPRING, Md. — Wells Fargo had its most profitable quarter in two years, easily beating Wall Street estimates as the global economy continues...
Stocks wobble as investors digest earnings, inflation risks
Stocks wobbled in afternoon trading as investors weighed the latest corporate earning reports and the Federal Reserve chair's comments on inflation.
...
Citigroup profits soar due to fewer bad loans
NEW YORK — Citigroup profits jumped more than five fold from a year earlier, helped by an improving economy that resulted in fewer bad...
GM warns some Bolt owners to park outdoors due to fire risk
DETROIT — General Motors is telling owners of some older Chevrolet Bolts to park them outdoors and not to charge them overnight because two...