Latest Business News
At UN climate talks, nations blast draft of vague deal on climate cash for developing countries
BAKU, Azerbaijan (AP) — Countries of the world took turns rejecting a new but vague draft text released early Thursday which attempts to form the spine of any deal reached at United Nations climate talks on money for developing countries to transition to clean energy and adapt to climate change....
Cerence: Fiscal Q4 Earnings Snapshot
BURLINGTON, Mass. (AP) — BURLINGTON, Mass. (AP) — Cerence Inc. (CRNC) on Thursday reported a loss of $20.4 million in its fiscal fourth quarter. On a per-share basis, the Burlington, Massachusetts-based company said it had a loss of 49 cents. Losses, adjusted for restructuring...
Federal Reserve's likely slowdown in rate cuts could disappoint borrowers
WASHINGTON (AP) — Just a few weeks ago, the path ahead for the Federal Reserve looked straightforward: With inflation cooling and the job market slowing, the Fed appeared on track to steadily cut interest rates. In September, its officials predicted that they would reduce their...
Cato: Fiscal Q3 Earnings Snapshot
CHARLOTTE, N.C. (AP) — CHARLOTTE, N.C. (AP) — Cato Corp. (CATO) on Thursday reported a loss of $15.1 million in its fiscal third quarter. On a per-share basis, the Charlotte, North Carolina-based company said it had a loss of 79 cents. The clothing retailer posted...
BJ's: Fiscal Q3 Earnings Snapshot
MARLBOROUGH, Mass. (AP) — MARLBOROUGH, Mass. (AP) — BJ's Wholesale Club Holdings Inc. (BJ) on Thursday reported fiscal third-quarter earnings of $155.7 million. The Marlborough, Massachusetts-based company said it had net income of $1.17 per share. Earnings, adjusted for one-time...
Shoe Carnival: Fiscal Q3 Earnings Snapshot
EVANSVILLE, Ind. (AP) — EVANSVILLE, Ind. (AP) — Shoe Carnival Inc. (SCVL) on Thursday reported earnings of $19.2 million in its fiscal third quarter. On a per-share basis, the Evansville, Indiana-based company said it had profit of 70 cents. Earnings, adjusted for one-time gains...
Deere: Fiscal Q4 Earnings Snapshot
MOLINE, Ill. (AP) — MOLINE, Ill. (AP) — Deere & Co. (DE) on Thursday reported fiscal fourth-quarter profit of $1.25 billion. On a per-share basis, the Moline, Illinois-based company said it had net income of $4.55. The results beat Wall Street expectations. The...
Ituran: Q3 Earnings Snapshot
AZOOR, Israel (AP) — AZOOR, Israel (AP) — Ituran Location & Control Ltd. (ITRN) on Thursday reported net income of $13.7 million in its third quarter. On a per-share basis, the Azoor, Israel-based company said it had net income of 69 cents. The maker of...
Baidu Inc.: Q3 Earnings Snapshot
BEIJING (AP) — BEIJING (AP) — Baidu Inc. (BIDU) on Thursday reported third-quarter earnings of $1.09 billion. On a per-share basis, the Beijing-based company said it had profit of $3.08. Earnings, adjusted for one-time gains and costs, were $2.37 per share. The web...
Shares in India's Adani Group plunge 20% after US bribery, fraud indictments
NEW DELHI (AP) — One of Asia’s richest men, controversial Indian tycoon Gautam Adani, is again in the spotlight. His companies’ stocks plunged up to 20% on Thursday after he was indicted by U.S. prosecutors on charges he duped investors in a massive solar energy project in India by concealing...
