Latest Sales figures News

Markets Right Now: Stocks surge, boosted by trade talks

Feb. 15, 2019 4:14 PM EST

NEW YORK (AP) — The latest on developments in financial markets (all times local): 4:00 p.m. Stocks surged on Wall Street Friday after Chinese and U.S. officials agreed to continue trade talks in Washington next week. Investors are again weighing quarterly results from major U.S. companies. Newell Brands...

Opioid maker used rap video to push powerful painkiller

Feb. 15, 2019 3:19 PM EST

BOSTON (AP) — Employees at a drug company accused of bribing doctors rapped and danced around a person dressed as a bottle of the highly addictive fentanyl spray in a video meant to motivate sales reps to push the drug. The video was shown to jurors this week in the closely watched trial in Boston of...

European car sales slide in January

Feb. 15, 2019 8:50 AM EST

MILAN (AP) — The European carmakers' association says new passenger car sales in the region dropped by 4.6 percent in January, weighed down by big declines in Spain and Italy. Despite the drop, the association said Friday that the 1.2 million cars sold last month in the European Union marked the...

Mixed finish for US stock indexes over weak retail sales

Feb. 14, 2019 4:54 PM EST

U.S. stock indexes clawed most of the way back from an early slide Thursday to finish mostly lower, ending a four-day winning streak for the benchmark S&P 500 index. Losses in banks and retailers and consumer products makers offset gains in health care stocks, technology companies and elsewhere in the market...

Small business optimism takes a dive as revenue growth eases

Feb. 11, 2019 12:31 PM EST

NEW YORK (AP) — Small business owners' optimism has taken a deep dive in the first quarter as companies' revenue fell along with owners' expectations for their future sales. That's the finding of a quarterly survey released Thursday by Wells Fargo and Gallup. Although the survey was taken Jan. 9-15, during...

Yum's quarterly profits slip despite strong same-store sales

Feb. 7, 2019 2:50 PM EST

LOUISVILLE, Ky. (AP) — Yum Brands missed Wall Street's profit and revenue forecasts in the fourth quarter, overshadowing other, more upbeat, news from the parent of Taco Bell, KFC and Pizza Hut. Yum said same-store sales — a key metric for the industry — grew 2 percent in 2018, its fifth...

Fiat Chrysler shares tank on forecast for drop in earnings

Feb. 7, 2019 11:45 AM EST

MILAN (AP) — Shares in Italian American automaker Fiat Chrysler tanked Thursday after the company issued conservative earnings forecasts for 2019, even as it posted record earnings last year. Fiat Chrysler shares were temporarily suspended from trading due to excessive volatility, and then shed 11 percent...

Snap and Capri Holdings rise while Electronic Arts tumbles

Feb. 6, 2019 4:47 PM EST

Stocks that moved substantially or traded heavily on Wednesday: Snap Inc., up $1.55 to $8.59 The social media company beat Wall Street forecasts on a surge in revenue that helped slash its quarterly loss in half. Capri Holdings Ltd., up $4.92 to $48.47 The clothing company beat Wall Street forecasts on a boost in...

GM rebounds with $8.1B 2018 profit on strong pricing

Feb. 6, 2019 11:31 AM EST

DETROIT (AP) — General Motors posted an $8.1 billion net profit for 2018, fueled by better prices for vehicles sold in the U.S., its most lucrative market. It's a strong rebound from the previous year when the company lost $3.9 billion on a giant tax accounting charge. GM made $10.8 billion before taxes in...

Apple's top retail exec to leave amid iPhone sales slowdown

Feb. 5, 2019 7:46 PM EST

SAN FRANCISCO (AP) — Apple's top retailing executive is stepping down amid a slowdown in iPhone sales that has raised doubts about the company's future growth prospects. The shake-up announced Tuesday ends Angela Ahrendts' five-year stint overseeing Apple's 506 retail stores and e-commerce operations. She...