Apple’s Revenue Jumps 4.6% in ‘Strong’ Q2
iPhone sales totaled 50.76 million, missing analysts' estimates, but consumers may be looking ahead to a big upgrade.
MasterCard Shares Surge on 12% Profit Gain
The company is benefiting from healthy consumer spending but faces increased costs as it spends on digital payment initiatives.
Amazon Shrugs Off Cloud-Computing Rivals
Amazon Web Services, with $890 million in operating income, accounted for most of the company's overall profit and its sales rose 43% to $3.7 billion.
GM’s Q1 Profit Hits Post-Bankruptcy Record
The results "demonstrate the strong earnings power of this company,” CEO Mary Barra says as profits soar 33% to $2.6 billion.
Ford’s Profit Dips 35% on Increased Costs
"Basically, the cost increase for the full year has happened in the first quarter," CFO Bob Shanks says.
UPS’ E-Commerce Investment Hurts Profit
Q1 revenue beat estimates but operating profit fell 2.4% as UPS spent heavily to accommodate e-commerce delivery with new facilities and services.
New Products Fuel Eli Lilly Q1 Earnings Beat
Drugs such as the diabetes treatment Trulicity "led the company to a strong quarter of volume-driven revenue growth."
LVMH Extends Control of Christian Dior
Bernard Arnault, LVMH's billionaire boss, will acquire the Dior shares he doesn't already own in a vote of confidence in the luxury sector's prospects.
Tyson Buys Sandwich Maker AdvancePierre
The $4.2 billion deal beefs up Tyson's portfolio of packaged foods, a fast-growing, high-margin category.
PPG Makes ‘Last Invitation’ to Dutch Rival Akzo
The sweetened $26.4 billion takeover offer could increase the pressure on Akzo Nobel to open talks with PPG after rejecting two earlier proposals.
Riecker Named Sears’ Third CFO in Past Year
The retailer's current controller takes over as finance chief as it struggles to restructure through asset sales and store closures.