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Saturday, February 22, 2020  Spokane, Washington  Est. May 19, 1883
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Stories tagged: profits

UPDATED: Thu., Oct. 24, 2019

Grounded Boeing plane churns up more turbulence at airlines

The grounding of the Boeing 737 Max has lasted far longer and, as Southwest Airlines and American Airlines can attest, been more expensive than airlines ever expected.

UPDATED: Mon., Aug. 19, 2019

Top U.S. CEOs rethink the meaning of shareholder value

A new principles on the role of a corporation released Monday implies a foundational shift, putting shareholders on more equal footing with others that have an interest in a corporation …

Homeowners are spending, Home Depot is winning

Home Depot breezed past all expectations in the third quarter and raised its annual profit expectations again as Americans plow money into their homes, even amid hints that the housing …

Bank of America 3Q profits rise 32 percent, beats forecasts

Bank of America said Monday that its third-quarter profits rose by 32 percent from a year ago, as higher interest rates allowed BofA to charge more for loans, and lower …

Delta profits soar as demand drives ticket prices higher

Delta topped third-quarter profit expectations with strong travel demand pushing ticket prices higher.

Bank of America 2Q profits boosted by tax law, higher rates

Bank of America’s second-quarter profits jumped 33 percent from a year earlier, the company said Monday, as like nearly all other big banks, it benefited greatly from the new tax …

Bookings for Southwest fall after fatal accident

Inspections of jet engines at Southwest Airlines turned up one cracked fan blade last year but no others since last week’s deadly accident that investigators believe started when a weakened …

Strong travel demand lifts Boeing in first quarter

Airline profits remain healthy, and through February passenger traffic was up nearly 6 percent from a year ago, Boeing executives said Wednesday as they announced first-quarter earnings and revenue above …

Trump’s tariffs risk jobs and profits in working-class areas

President Donald Trump’s escalating dispute with China over trade and technology is threatening jobs and profits in working-class communities where his “America First” agenda hit home, including Payette, Idaho, home …

UPDATED: Tue., April 10, 2018

Is Facebook really changing? Or just trimming its data haul?

Lost amid a flurry of Facebook announcements about privacy settings and data access is a much more fundamental question: Is Facebook really changing its relationship with users, or just tinkering …

UPDATED: Tue., Feb. 6, 2018

If interest rates rise, GM likely to expand subsidized loans

If auto loan interest rates rise as expected this year, General Motors and others are likely to make more subsidized loans, including zero-percent financing, to keep car sales flowing.

UPDATED: Wed., Jan. 31, 2018

Boeing profit tops expectations; 2018 outlook strong

Along with rival Airbus, Boeing is benefiting from demand for new airliners that has created huge backlogs lasting several years. Aircraft deliveries are generating immediate cash faster than Wall Street …

American Airlines sees profits fall in 4Q

American Airlines reported Thursday that fourth-quarter profit slipped 11 percent as higher costs for fuel and labor offset rising revenue.

Department stores: Macy’s sales fall, Kohl’s profit drops

Macy’s sales fell as it had a hard time pulling shoppers through its doors and Kohl’s reported a drop in quarterly profit Thursday, underscoring just how challenging the holiday shopping …

UPDATED: Tue., Sept. 5, 2017

Lego to cut 8 percent of its staff after sales drop

Danish toy maker Lego will cut 1,400 jobs, or about eight percent of its global workforce, after reporting a decline in sales and profits in the first half of 2017.

UPDATED: Tue., Aug. 1, 2017

Sprint posts rare profit, says a deal may be coming soon

Sprint said Tuesday that it should be able to “strike a deal” in the “near future,” driving up shares of the fourth-largest U.S. wireless carrier. The Overland Park, Kansas, company …

Car prices still falling but the sky isn’t as lender profits up

Auto lenders that sounded alarm bells about slumping car values are seeing less of a price drop than feared. Proof of the reprieve – however short-lived – is showing up …

UPDATED: Wed., July 26, 2017

Lumber prices, shipments drive Potlatch 2Q profit

High prices for lumber and record shipments helped Potlatch Corp. turn a profit during the second quarter.

UPDATED: Mon., July 17, 2017

Netflix still piling up viewers and big programming bills

Netflix is pulling in new viewers and award nominations in droves, but the online video service still faces a long-term problem: Its acclaimed programming line-up is costing far more money …

Mylan’s EpiPen profits are 60 percent more than it told Congress, report says

Lawmakers were skeptical last week when Mylan chief executive Heather Bresch said that the company made only $100 in profit for a two-pack of EpiPens. During a House hearing, Bresch …

Avista expects 46 percent dip in profits

SPOKANE - Avista said today that its third-quarter profit would drop 46 percent from a year ago, and cut its guidance for the year. Its forecast for 2013 also fell …

Microsoft reports first loss as public company

REDMOND, Wash. — Microsoft says an accounting adjustment to reflect a weak online ad business led to its first quarterly loss as a public company.

Boeing Reports Loss For Quarter And Year

Boeing, scrambling to integrate McDonnell Douglas while coping with serious production problems, posted its first annual loss in 50 years Tuesday. A fourth-quarter loss of $498 million, or 51 cents …

Strong Sales Boost Kaiser’s Earnings

Kaiser Aluminum Corp. reported more than $14 million in improved earnings thanks to healthy demand. The company Tuesday reported fourth-quarter earnings of $14.2 million on sales of $594.6 million, compared …

Apple Takes Big Hit Troubled Computer Giant Expects $700 Million Loss

There was little time for playing in Apple Computer’s Cupertino, Calif., company store Wednesday as the company scrambled to deal with huge losses. Photo by Associated Press