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This Week: Netflix earns, US home sales, Southwest earns

Jan. 20, 2020 1:11 AM EST

A look at some of the key business events and economic indicators upcoming this week: STREAMING WARS Netflix serves up its fourth-quarter results Tuesday. Financial analysts forecast the video streaming pioneer will report that its earnings and revenue increased in the final quarter of 2019. Investors will be...

FILE - In this Jan. 10, 2020, file photo specialist Meric Greenbaum, center, works at his post on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EST on Thursday, Jan. 16. (AP Photo/Richard Drew, File)

Global stocks inspired by US rally, hopes for Chinese growth

Jan. 17, 2020 7:54 AM EST

Global stocks rose Friday, seemingly buoyed by high spirits on Wall Street, as new data suggested China's economic slowdown may have stabilized and Washington and Beijing signed a trade deal. European indexes were broadly higher, while markets in Shanghai, Tokyo and Hong Kong closed with gains, after the U.S.'s...

In this Oct. 14, 2019 photo a CSX locomotive rests on railroad tracks at a rail yard, in Framingham, Mass. CSX Corp. reports financial results Thursday, Jan. 16, 2020. (AP Photo/Steven Senne)

CSX 4Q profit declines 9% as railroad hauls less freight

Jan. 16, 2020 6:43 PM EST

OMAHA, Neb. (AP) — CSX said its profit declined 9% in the fourth quarter as the railroad hauled 7% less freight. The Jacksonville, Florida, based railroad said Thursday it earned $771 million, or 99 cents per share, in the quarter. That's down from $843 million, or $1.01 per share, a year ago. The results...

FILE - In this Jan. 2, 2020, file photo traders monitor stock prices at the New York Stock Exchange. Over the next few weeks, companies across the country will be telling investors how much profit they made in the last three months of 2019. (AP Photo/Mark Lennihan, File)

CEOs got a pass in 2019, but they need to grow profits soon

Jan. 16, 2020 2:00 PM EST

NEW YORK (AP) — CEOs, you get one more mulligan. Over the next few weeks, companies across the country will be telling investors how much profit they made in the last three months of 2019. Analysts along Wall Street are setting expectations very low, again. They're forecasting a fourth-straight quarter of...

FILE - This Oct. 16, 2012, file photo, shows a portion of the UnitedHealth Group Inc.'s campus in Minnetonka, Minn. UnitedHealth Group reports financial results Wednesday, Jan. 15, 2020. (AP Photo/Jim Mone, File)

Another strong UnitedHealth quarter, 2019 profit at $13.84B

Jan. 15, 2020 1:31 PM EST

UnitedHealth’s fourth-quarter net income surged 16%, and investors shrugged off a rare revenue miss to make the nation’s largest health insurer one of the biggest gainers in Wednesday trading. Growing Medicare Advantage coverage and fat profits from UnitedHealth’s Optum business, which...

FIE - In this Feb. 5, 2019, file photo a ramp worker guides a Delta Air Lines plane at Seattle-Tacoma International Airport in Seattle. Delta Air Lines says it earned $1.1 billion in the fourth quarter by operating more flights and filling a higher percentage of seats.  The financial results beat Wall Street expectations. Delta and other U.S. airlines are enjoying a prolonged period of profitability thanks to steadily rising demand for travel.   (AP Photo/Ted S. Warren, File)

Strong demand, mild fuel prices help Delta earn $1.1 billion

Jan. 14, 2020 12:19 PM EST

Delta Air Lines boosted its fourth-quarter profit to $1.1 billion by adding more flights over the holiday-packed period and stuffing them even more full of passengers. Lower fuel prices helped too, as Delta reported Tuesday that earnings rose 8% over a year earlier and beat analysts' expectations. And unlike key...

FILE - In this Oct. 29, 2019, file photo Delta Air Lines planes operate at the new $3.9 billion Terminal C at LaGuardia Airport in New York. The Atlanta-based carrier will report financial results Tuesday, Jan. 14, 2020. (AP Photo/Mark Lennihan, File)

This Week: JPMorgan, Delta Air Lines, UnitedHealth results

Jan. 13, 2020 1:00 AM EST

A look at some of the key business events and economic indicators upcoming this week: JPMorgan Chase JPMorgan Chase kicks off Wall Street banks' earnings season when it reports its fourth-quarter results Tuesday. The bank's stock has risen about 20% since it reported strong third-quarter earnings in October....

FILE - This Feb. 20, 2018, file photo shows the Grubhub app on an iPhone in Chicago. Food delivery service Grubhub is considering a possible sale of the business as competition intensifies in the sector. The Wall Street Journal reports that the company is looking at its strategic options. Grubhub competes in a sector filled with players including Uber Eats, DoorDash and Postmates. Consolidation in the industry is expected. (AP Photo/Charles Rex Arbogast, File)

GrubHub says it currently has no plans to sell its business

Jan. 10, 2020 8:16 PM EST

Grubhub says it has no plans to sell the company, a day after media reports said it was exploring its options as competition in the food delivery business grows increasingly fierce. The Wall Street Journal reported earlier this week that Grubhub Inc. -- the second-largest player in the U.S. market by sales...

Costco, Amicus rise; Kohl's, Acuity fall

Jan. 9, 2020 4:20 PM EST

NEW YORK (AP) — Stocks that moved substantially or traded heavily on Thursday: Costco Wholesale Corp., up $4.73 at $299.42. The warehouse store chain reported solid growth in a key sales measure for December. Kohl's Corp., down $3.23 at $46.15. The department-store chain warned that its 2019 profit would...

Bed Bath & Beyond withdraws annual guidance after weak 3Q

Jan. 8, 2020 6:03 PM EST

UNION, N.J. (AP) — Bed Bath & Beyond Inc. withdrew its annual financial guidance Wednesday after reporting a weak fiscal third-quarter profit and sales that missed Wall Street expectations. The housewares retailer’s shares dropped 8% in extended trading. The latest results reflect the challenges...