Marlboro maker Altria (MO) earnings Q3 2023
Marlboro maker Altria (MO) earnings Q3 2023
, the parent company of Philip Morris USA and the nation's largest tobacco company, reported third-quarter results Thursday that fell short of Wall Street's expectations as demand for its core cigarette business cools and illicit e-vapor...
2023-11-01 09:54:00
<b>Holiday shopping: High credit card interest rates carry risks</b>
Holiday shopping: High credit card interest rates carry risks
Shoppers are springing for holiday gifts and decorations, but bustling mall traffic, full shopping bags and large hauls under the Christmas tree could hide a challenge for retailers: rising credit card balances and what that may mean when t...
2023-11-01 09:53:53
<b>Ford Motor (F) earnings Q3 2023</b>
Ford Motor (F) earnings Q3 2023
DETROIT — on Thursday missed Wall Street's third-quarter earnings expectations, as it restructures its operations and regroups following the end of a nearly six-week U.S. labor strike that in total has cost the company $1.3 billion. Share...
2023-11-01 09:53:46
Chipotle Mexican Grill (CMG) Q3 2023 earnings
Chipotle Mexican Grill (CMG) Q3 2023 earnings
on Thursday reported quarterly earnings that beat expectations, helped by higher menu prices for its burritos and bowls. Shares of the company rose more than 2% in extended trading. Here's what the company reported compared with what Wall S...
2023-11-01 09:53:39
Ford will postpone about $12 billion in EV investment
Ford will postpone about $12 billion in EV investment
said Thursday that many customers in North America are no longer willing to pay a premium for an electric vehicle over an internal-combustion or hybrid alternative. As a result, it's postponing about $12 billion in planned spending on new E...
2023-11-01 09:53:33
<b>Retailers lobby Congress to pass Combating Organized Retail Crime Act</b>
Retailers lobby Congress to pass Combating Organized Retail Crime Act
Organized retail crime is different from shoplifting. The NRF defines it as "the large-scale theft of retail merchandise with the intent to resell the items for financial gain." It usually involves multiple people who steal large amounts of...
2023-11-01 09:53:27
<b>How Innovation Refunds cashed in on the Employee Retention Credit</b>
How Innovation Refunds cashed in on the Employee Retention Credit
Innovation Refunds does not, however, make the final decision on eligibility for the credit or determine how much money a business should receive. For this, it says it contracts independent tax attorneys and professionals. Some former emplo...
2023-11-01 09:53:20
Shein to sell co-branded Forever 21 clothes online
Shein to sell co-branded Forever 21 clothes online
Shein is deepening its relationship with a former U.S. rival as it aims to sanitize its reputation ahead of a possible IPO in 2024. The e-commerce giant is slated to unveil a co-branded clothing line with Forever 21 after the two retailers...
2023-11-01 09:53:14
Supermarket regional bank branches closing at higher rates
Supermarket regional bank branches closing at higher rates
American banks have been shuttering branches located within supermarket chains at a rate seven times faster than other locations amid the industry's profit squeeze and customers' migration to digital channels. Banks closed 10.7% of their in...
2023-11-01 09:53:07
Jamie Dimon to sell 1 million shares of JPMorgan
Jamie Dimon to sell 1 million shares of JPMorgan
In this article CEO will begin to sell one million shares of the bank he runs next year, the company said Friday in a . The plan sparked concern that Dimon, 67, could be contemplating retirement. Dimon is arguably the country's top banker....
2023-11-01 09:53:00
Ford F shares fall after Q3 earnings on EV costs, UAW
Ford F shares fall after Q3 earnings on EV costs, UAW
Shares of traded sharply lower Friday after the company reported earnings that missed estimates and said that demand for its electric vehicles was falling short of expectations. The stock closed down more than 12% on Friday. Ford reported i...
2023-11-01 09:52:54
GM, UAW may be near labor deal after negotiating session
GM, UAW may be near labor deal after negotiating session
DETROIT — Contract negotiations between the United Auto Workers and are reconvening midday Friday after intense talks occurred Thursday night and into the morning, according to sources familiar with the discussions. The potential deal is...
2023-11-01 09:52:48
<b>Abercrombie, ex-CEO sued over sex abuse, trafficking</b>
Abercrombie, ex-CEO sued over sex abuse, trafficking
is in the middle of a major comeback, but the retailer is still being haunted by the alleged sins of . The company was sued Friday for turning a blind eye to Jeffries' alleged misconduct, court records show. He's accused of running a sprawl...
2023-11-01 09:52:42
Disney pulls Jonathan Majors movie amid assault case
Disney pulls Jonathan Majors movie amid assault case
on Friday said it was pulling troubled star Jonathan Majors' next film, "Magazine Dreams," from the schedule this December. The movie had been set for a Dec. 8 release. Now it's no longer set for a release at any time, according to a statem...
2023-11-01 09:52:35
Spirit suspends new pilot training after tough quarter, engine issue
Spirit suspends new pilot training after tough quarter, engine issue
will suspend training for new pilots and flight attendants next month "until further notice," according to company memos, as it plans for slower growth amid softer and the expected grounding of dozens of aircraft for inspections because of...
2023-11-01 09:52:29