GE Posts $22B Loss as Legal Problems Mount
The company's new CEO says an overhaul of the struggling power business is among his immediate priorities.
Wells Misses Estimates With Broad Weakness
Bank executives point to progress in cost-cutting initiatives as evidence that Wells Fargo's turnaround effort is on track.
Avon Stock Dives on ‘Unsatisfactory’ Results
The beauty company's new CEO says it is implementing "near-term fixes" and "moving with deliberate urgency to design our turnaround plan."
Big Drop in Power Profit Tempers GE’s Q1 Beat
"Until you get power fixed, and they're nowhere close to getting that fixed, the stock only goes so far," one analyst says.
GoPro Switches to Turnaround Mode
Soft demand during the holiday quarter forces the action-camera maker to slash 20% of its workforce and exit the drone market.
Arby’s Owner Buys Buffalo Wild Wings for $2.9B
After pulling off an impressive turnaround at Arby's, Roark Capital faces a similar challenge at the chicken-wing chain.
Hertz Returns to Profit But Shares Drop 2%
The company says its third-quarter results show it is on "the right strategic path" with a turnaround plan that has included cutting its rental fleet.
Cost-Cutting Narrows Sears’ Loss to $251M
The retailer's Q2 results were "a little bit heartening, but still left some open areas of worry," including another double-digit comp sales decline.
Target’s Comp Sales Rise 1.3%, Beat Estimates
“For a little while, [Target] seemed to have lost its way but now appears to be getting back into that 'Tar-jay' mode."
Q2 Earnings Send JC Penney Stock to New Low
The retailer's loss widens to $62 million but CEO Marvin Ellison sees the 1.5% increase in sales and the improved performance of apparel as positive signs.
Sears Swings to Profit But Sales Slide Continues
"There's no turnaround. Anybody who suggests that that's the case... is suffering from a loss of reality."