Enterprises :: Corporate

Wells Fargo to compensate car loan customers forced to buy auto insurance

cnbc.com

Wells Fargo to compensate car loan customers forced to buy auto insurance

- Wells Fargo said on Thursday that it would compensate around 570,000 customers with car loans who were harmed by being forced to buy auto insurance. The bank estimated the total cost at around $80 million. Auto-loan contracts require customers to have comprehensive insurance for potential damage, and the bank was permitted under the contracts to buy that coverage and pass on the cost if there was no evidence it had been purchased elsewhere, Wells Fargo noted in the statement on Thursday
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Categories: Business | 
Places: Americas |  North America |  United States | 

Will Micron keep growing in Boise? The CEO says company is in a ‘sweet spot’

idahostatesman.com

Will Micron keep growing in Boise? The CEO says company is in a ‘sweet spot’

- The new CEO of Micron Technology Inc. says the digital-memory maker will keep growing in Boise, adding employees as it takes advantage of surging worldwide demand for memory and data storage. Sanjay Mehrotra said Micron’s Southeast Boise campus will remain a center of excellence for technology development and a hub for the company’s global finance, sales and manufacturing development, even though most of its products are made elsewhere
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Categories: Business | 
Places: Americas |  North America |  United States |  West |  Mountain |  Idaho |  Boise | 

Jeff Bezos briefly dethrones Bill Gates as world's richest person

clickondetroit.com

Jeff Bezos briefly dethrones Bill Gates as world's richest person

- NEW YORK (CNNMoney) - Just over two decades ago, Jeff Bezos started selling books online from his garage. Today, the Amazon CEO surpassed Bill Gates as the richest person on Earth, for a few hours at least. Bezos's net worth topped $90 billion on Thursday morning, allowing the Amazon founder and CEO to dethrone Gates, the co-founder of Microsoft, as the richest man in the world, according to Forbes and Bloomberg
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Categories: Business | 
Places: Americas |  North America |  United States | 

Big sales and small 2nd-quarter loss at Columbia

oregonlive.com

Big sales and small 2nd-quarter loss at Columbia

- Columbia Sportswear announced record second-quarter sales Thursday of $398.9 million. But the Northwest Portland company lost $11.5 million, or 17 cents a share. "We delivered solid first-half financial results featuring growth from three of our four brands and all four geographic regions," said Tim Boyle, Columbia president and chief executive officer. "First-half sales growth of three percent and earnings growth of four percent are on pace with our full-year expectations
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Categories: Business | 
Tags: Corporate |  Enterprises |  Sales | 
Places: Americas |  North America |  United States |  South Carolina |  Columbia | 

Jeff Bezos briefly dethrones Bill Gates as world's richest person

cnn.com

Jeff Bezos briefly dethrones Bill Gates as world's richest person

- Just over two decades ago, Jeff Bezos started selling books online from his garage. Today, the Amazon CEO surpassed Bill Gates as the richest person on Earth, for a few hours at least. Bezos's net worth topped $90 billion on Thursday morning, allowing the Amazon founder and CEO to dethrone Gates, the co-founder of Microsoft , as the richest man in the world, according to Forbes and Bloomberg
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Categories: Business | 
Places: United States | 

Starbucks to shutter all Teavana stores as sales disappoint

boston.com

Starbucks to shutter all Teavana stores as sales disappoint

- NEW YORK (AP) — Starbucks plans to shutter all its Teavana stores as it seeks to improve sales at its namesake coffee stores. The company said Thursday it will close all 379 Teavana locations over the coming year. It had acquired the mall-based chain in late 2012, with then-CEO Howard Schultz noting the huge potential for the tea market. Then this past April, the company said it was reviewing its options for the struggling chain
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Categories: Business | 
Tags: Corporate |  Enterprises |  Sales | 
Places: Americas |  North America |  United States | 

Forbes: Amazon CEO Bezos was briefly the world's richest man

abcnews.com

Forbes: Amazon CEO Bezos was briefly the world's richest man

- Amazon CEO Jeff Bezos briefly became the world's richest man Thursday in Forbes magazine's tracking of wealth, as stock in his e-commerce company hit an all-time high. Microsoft founder Bill Gates reclaimed the lead by afternoon, as Amazon's stock fell nearly 1 percent for the day to $1,046. Amazon shares have been trading at a record high. They hit $1,083.31 at about noon Thursday
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Categories: Business |  Technology | 
Places: United States | 

Amazon’s sales grow 25 percent, but earnings miss expectations

seattletimes.com

Amazon’s sales grow 25 percent, but earnings miss expectations

- Amazon.com’s second-quarter revenue surpassed Wall Street expectations, but its earnings fell short of analysts’ hopes. The e-commerce giant reported Thursday that its sales rose 25 percent to $38 billion. When excluding a $502 million hit due to foreign-exchange gyrations, the increase in sales tops 26 percent. Analysts had expected on average a revenue increase of 22.3 percent to $37.18 billion. On the other hand, Amazon yielded a lot less profit than investors expected
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Categories: Business | 
Tags: Corporate |  Enterprises |  Earnings |  Sales | 
Places: United States | 

Jeff Bezos dethrones Bill Gates as world's richest person

wfsb.com

Jeff Bezos dethrones Bill Gates as world's richest person

- NEW YORK (CNNMoney) -- Just over two decades ago Jeff Bezos started selling books online from his garage. Today, the Amazon CEO is the richest person on Earth. Bezos's net worth topped $90 billion on Thursday, allowing the Amazon founder and CEO to narrowly dethrone Microsoft co-founder Bill Gates as the richest man in the world, according to Forbes and Bloomberg
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Categories: Business | 
Places: Americas |  North America |  United States | 

Alaska Air profit rises, with little impact from Horizon's troubles

oregonlive.com

Alaska Air profit rises, with little impact from Horizon's troubles

- SEATTLE -- The problems thousands of passengers have faced this summer due to hundreds of canceled flights on Alaska Air Group's regional Horizon Air subsidiary didn't much concern Wall Street analysts after the company reported its quarterly earnings Wednesday. Horizon Air last year accounted for just 1 percent of the company's overall profit. So far this year, with flight cancellations slowly mounting since January, Horizon has lost $16 million
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Categories: Business | 
Tags: Corporate |  Enterprises |  Profits | 
Places: Americas |  North America |  United States |  Alaska | 

Dunkin's US customer traffic slows, expansion plan trimmed

bostonherald.com

Dunkin's US customer traffic slows, expansion plan trimmed

- CANTON — Dunkin' Donuts says customer traffic to its U.S. stores slowed during the second quarter, and that it expects to add fewer new locations this year than previously expected. The chain says customer traffic declined at established locations from a year ago, marking the fifth straight quarter the figure has dropped. But higher spending per visit pushed up sales 0
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Categories: Business | 
Tags: Corporate |  Enterprises |  Customers | 
Places: Americas |  North America |  United States | 

TechnipFMC cuts 4,000 jobs, reports profit in post-merger period

chron.com

TechnipFMC cuts 4,000 jobs, reports profit in post-merger period

- Recently merged offshore services giant TechnipFMC said it cut 4,000 jobs worldwide as it further integrated the operations of its predecessor companies, the French company Technip and FMC of Houston. TechnipFMC, which has its operational headquarters in Houston, reported a $165 million quarterly profit, but the gain comes after a major accounting error swung its first-quarter earnings from a gain to a loss
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Categories: Business | 
Tags: Corporate |  Enterprises |  Profits |  Accounting | 
Places: Americas |  North America |  United States |  South |  Southcentral US |  Texas | 

Online shopping drives UPS profit higher in 2Q

detroitnews.com

Online shopping drives UPS profit higher in 2Q

- The Atlanta company said online shopping boosted demand for its air and ground-shipped packages, helping U.S. revenue rise 8 percent from a year ago to $9.75 billion. The company on Thursday reported net income of $1.38 billion, or $1.58 per share, in the three months ending June 30. That beat expectations for earnings of $1.46 per share, according to Zacks Investment Research
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Categories: Business | 
Tags: Markets |  Corporate |  Enterprises |  Consumers |  Profits |  Shopping |  Online shopping | 
Places: Americas |  North America |  United States | 

Wall Street set to rise on strong earnings, dovish Fed

channelnewsasia.com

Wall Street set to rise on strong earnings, dovish Fed

- REUTERS: U.S. stocks looked set to open higher on Thursday a day after the Federal Reserve kept interest rates unchanged, while investors assessed a flurry of corporate earnings reports. The central bank, in a statement following a two-day policy meeting on Wednesday, indicated the economy was growing moderately and job gains had been solid. However, it noted that both overall inflation and a measure of underlying price gains had declined and said it would "carefully monitor" price trends
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Categories: Business | 
Tags: Corporate |  Enterprises |  Earnings | 
Places: United States |  Singapore | 

Online shopping drives UPS profit higher in second quarter

abcnews.com

Online shopping drives UPS profit higher in second quarter

- Robust shopping at places like Amazon.com drove earnings up 9 percent at UPS during the second quarter. Revenue rose 8 percent to $15.75 billion, beating analyst expectations of $15.48 billion. For the full year, UPS said it still expects earnings in the range of $5.80 per share and $6.10 per share. Shares of United Parcel Service Inc. rose 5 cents to $112
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Categories: Business | 
Tags: Markets |  Corporate |  Enterprises |  Earnings |  Consumers |  Profits |  Shopping |  Online shopping | 
Places: United States | 

Oil majors, service companies to post earnings, signal industry health

chron.com

Oil majors, service companies to post earnings, signal industry health

- Some of the largest and most important oil, service and power companies in Houston and in the industry report second-quarter earnings this week, including a batch of new data on the sector’s slow recovery. Global oil producer Conoco Phillips and Houston drilling rig builders National Oilwell Varco and Patterson UTI Energy report Thursday. Chemical companies Huntsman International and LyondellBasel Industries file on Friday, as does Calpine Corp
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Tags: Corporate |  Enterprises |  Earnings | 
Places: Americas |  North America |  United States |  South |  Alabama |  Southcentral US |  Texas |  Houston |  Houston | 

Popular Stories

Corporate - United States

  • Wells Fargo to compensate car loan customers forced to buy auto insurance
    Wells Fargo to compensate car loan customers forced to buy auto insurance

    , cnbc.com

    Wells Fargo said on Thursday that it would compensate around 570,000 customers with car loans who were harmed by being forced to buy auto insurance. The bank estimated the total cost at around $80 million. Auto-loan contracts require customers to have comprehensive insurance for potential damage, and the bank was permitted under the contracts to buy that coverage and pass on the cost if there was no evidence it had been purchased elsewhere, Wells Fargo noted in the statement on Thursday
    Read More ...

     

    Categories: Business | 
    Places: Americas |  North America |  United States | 

Companies

  • Stanley named chief of staff at Goosmann Law Firm
    Stanley named chief of staff at Goosmann Law Firm

    , siouxcityjournal.com

    SIOUX CITY -- Goosmann Law Firm announced that Jeff Stanley has joined its team as the firm’s chief of staff and principal consultant. Stanley leads the firm’s people and growth strategies, ensuring that Goosmann attracts, engages, develops, rewards/recognizes and retains the firm’s greatest asset, while promoting employees to engage in a healthy work-life balance and living a life that is “worth it
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    Categories: Business |  Law & Crime | 
    Tags: Corporate |  Companies |  Enterprises |  Law Firms |  Practice of Law | 
    Places: Americas |  North America |  United States | 

Profits

Management

Sales

  • Amazon’s sales grow 25 percent, but earnings miss expectations
    Amazon’s sales grow 25 percent, but earnings miss expectations

    , seattletimes.com

    Amazon.com’s second-quarter revenue surpassed Wall Street expectations, but its earnings fell short of analysts’ hopes. The e-commerce giant reported Thursday that its sales rose 25 percent to $38 billion. When excluding a $502 million hit due to foreign-exchange gyrations, the increase in sales tops 26 percent. Analysts had expected on average a revenue increase of 22.3 percent to $37.18 billion. On the other hand, Amazon yielded a lot less profit than investors expected
    Read More ...

     

    Categories: Business | 
    Tags: Corporate |  Enterprises |  Earnings |  Sales | 
    Places: United States | 

Earnings

  • Farm earnings took 'gigantic' drop in Montana in 2016
    Farm earnings took 'gigantic' drop in Montana in 2016

    , missoulian.com

    Farm earnings in Montana plunged 71 percent from 2015 to 2016 due to historic drops in the prices for wheat, cattle and other commodities. “It was a nightmare year for Montana ag producers,” said Patrick Barkey, an economist and the director of the Bureau of Business and Economic Research at the University of Montana. He was speaking as part of the 12th annual Economic Update Series at the Hilton Garden Inn in Missoula on Thursday
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    Categories: Business | 
    Tags: Corporate |  Enterprises |  Earnings |  Economics |  Economists | 
    Places: Americas |  North America |  United States |  West |  Mountain |  Montana | 

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