U.S. Productivity Rises 1.3% in Fourth Quarter
The broader trend remains weak, with productivity rising just 0.2% in 2016 from 2015, the smallest annual gain since 2011.
S&P Strips Under Armour of Investment-Grade Rating
The sports apparel company's credit rating is cut to 'junk' level on weakening margins and 'intense competition.'
Cost-of-Employment Increases Wane
Employment costs rose 0.5% in the fourth quarter of 2016, below the level of increases in the prior three quarters.
U.S. Economy Grows 1.9% in Fourth Quarter
Growth eased from 3.5% in Q3 as a sharp drop in exports offset solid consumer spending and a pickup in business investment.
Google’s Non-Advertising Revenue Rises 62%
CFO Ruth Porat sees "tremendous potential" in such businesses as hardware products, apps sold through the Google Play store, and the cloud.
Caterpillar Beats Q4 Estimates, Lowers Outlook
The results "while slightly better than expected, continued to reflect pressure in many of our end markets from weak economic conditions."
Ford Swings to $783M Loss on Special Charges
The company's fourth-quarter performance was particularly strong in Europe, where Ford earned $166 million, up 27% from a year ago.
Cost-Cutting Pays off for Boeing in 4th Quarter
The company ended a tough 2016 on a high note as its focus on lowering costs delivered profits that topped analysts' estimates.
Fixed-Income Trading Boosts Goldman Results
“We've come out of a very low volume, low volatility environment over a number of years," CFO Harvey Schwartz says.
United Profit Falls 52% But Beats Estimates
The airline also reported that unit revenue outperformed its initial guidance, another indication that the industry's revenue outlook is improving.
GDP Posts Fastest Growth in Two Years in Q3
Consumer spending, however, was relatively weak in November, suggesting a slowdown in economic growth in the fourth quarter.