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Volkswagen said Friday it made better than expected profit of $10.7 billion after tax in 2020 despite the pandemic.
General Motors' profit fell 4.5% in 2020, but a strong second half more than offset the effects of pandemic-related factory closures and a costly air bag recall.
Dutch beer brewer Heineken said Wednesday it plans to cut 8,000 staff, nearly 10% of its global workforce, as part of a cost-cutting reorganization after a pandemic-dominated year that saw it sink to a net loss of $248 million.
Caterpillar’s fourth-quarter sales dropped 15% as an unchecked pandemic continued to sap demand for big machinery, but the damage was not as bad as most had expected.
Stocks were broadly lower in late-morning trading Wednesday, as investors focus on the Federal Reserve's policy meeting and the outlook for the economy as the coronavirus pandemic rages on.
Boeing lost $8.4 billion in the fourth quarter – capping a record loss for all of 2020 – as the pandemic undercut demand for planes, and the company announced another costly delay to its new large jetliner designed for long-haul flights.
Wall Street was tapping the brakes on its record-setting rally this week, as markets worldwide take a pause on Friday.
Stocks were drifting around their record highs on Wall Street Thursday, as earnings season ramps into higher gear.
Union Pacific's fourth-quarter profit chugged ahead as shipping volume improved for the first time since before the coronavirus pandemic slowed the economy to a crawl last year.
U.S. stocks are rallying to records Wednesday on encouraging earnings reports and continued optimism that new leadership in Washington will mean more support for the struggling economy.
Stocks are slipping Monday as trading cools on Wall Street and in markets around the world following their strong record-setting runs.
U.S. stocks were drifting in mixed trading on Thursday, as Wall Street’s tug of war continues between worries about the worsening pandemic in the present and optimism that a vaccine will rescue the economy in the future.
Marriott saw dramatic improvement in the third quarter as travel demand rebounded in China.
SILVER SPRING, Md. – Tupperware relied on social gatherings for explosive growth in the mid 20th century. In the 21st century, it is social distancing that is fueling sales.
Boeing said Wednesday that it will cut 7,000 more jobs as it continues to bleed money during a pandemic that has smothered demand for new airline planes.
Stocks are slumping sharply in midday trading on Wall Street Monday and deepening last week’s losses, as a troubling climb in coronavirus counts threatens the global economy.
Stocks marched higher again on Monday, as Wall Street extended its gains from last week's rally, the market's best in three months.
Stocks keep ticking higher on Wall Street, and more gains for the S&P 500 on Friday have it on pace to close out its fifth straight winning week.
More blowout profit reports from big tech companies pushed the S&P 500 to an all-time high Wednesday.
Nordstrom Inc. on Tuesday reported a larger-than-expected loss and a 53% drop in sales for its fiscal second quarter, during which the pandemic forced the upscale department store chain to temporarily close its stores.