GameStop’s stupefying stock rise doesn’t hide its reality
NEW YORK — Behind GameStop’s stock surge is the grim reality of its prospects: The video game retailer is floundering even as the industry around…
AP Wire
Sony: Fiscal 3rd quarter earnings snapshot
TOKYO — Sony Corp. today reported fiscal third-quarter earnings of $3.56 billion. The company said it had profit of $2.85 per share. Earnings, adjusted for…
Exxon clamps down on spending, 4Q revenue nearly flat
With all of the challenges of 2020, ExxonMobil focused on clamping down on expenses and managed to bring its full-year spending down nearly $10 billion…
Tesla to fix touch screens, ending spat with US regulators
DETROIT (AP) — After initially refusing a request from U.S. safety regulators, Tesla has now agreed to recall about 135,000 vehicles because the large touch…
Online shopping surge delivers record revenue for UPS
NEW YORK (AP) — A surge in online shopping helped UPS post record revenue during the last three months of 2020, the company said Tuesday….
Major indexes open broadly higher; GameStop, AMC crumble
Stocks were broadly higher in early trading today, but shares of closely watched companies like GameStop and AMC Entertainment were trading sharply lower. The S&P…
Uber will bring the booze after acquiring Drizly for $1.1 billion
NEW YORK — Uber is bringing the booze. The mobile ride-hailing company said today that it is acquiring the alcohol-delivery platform Drizly for $1.1 billion…
Exxon clamps down on spending, 4Q revenue nearly flat
With all of the challenges of 2020, ExxonMobil focused on clamping down on expenses and managed to bring its full-year spending down nearly $10 billion…
Online shopping surge delivers record revenue for UPS
NEW YORK — A surge in online shopping helped UPS post record revenue during the last three months of 2020. Shares of United Parcel Service…
Manpower: 4th quarter earnings snapshot
MILWAUKEE — ManpowerGroup Inc. today reported fourth-quarter profit of $76.2 million. The company said it had net income of $1.33 per share. Earnings, adjusted for…