Latest Financial performance News

FILE - This Aug. 13, 2020  photo shows a logo for Netflix on a remote control in Portland, Ore. Netflix Inc. (NFLX) on Tuesday, Oct. 20, 2020 reported third-quarter net income of $790 million. The Los Gatos, California-based company said it had profit of $1.74 per share. (AP Photo/Jenny Kane, File)

Netflix reports a summer slump in subscriber growth

Oct. 20, 2020 6:32 PM EDT

Netflix’s subscriber growth slowed dramatically during the summer months after surging in the spring fueled by pandemic lockdowns that corralled millions of people in their homes. The summer slump came as more people sought distraction from the pandemic outdoors and major U.S. professional sports resumed...

FILE - In this Oct. 14, 2020 file photo, pedestrians pass the New York Stock Exchange in New York. Stocks are opening higher on Wall Street Tuesday, Oct. 20 as traders look over several solid earnings reports from U.S. companies. (AP Photo/Frank Franklin II, File)

Stocks close higher as companies report solid earnings

Oct. 20, 2020 4:49 PM EDT

Stocks closed broadly higher Tuesday as Wall Street welcomed a batch of solid earnings reports from U.S. companies. The S&P 500 gained 0.5%, recouping some of its loss from a day earlier. Technology, communication and financial stocks powered most of the gains, while household goods makers fell. Overseas...

Logitech, Albertsons rise; IBM, Hexcel fall

Oct. 20, 2020 4:23 PM EDT

NEW YORK (AP) — Stocks that moved heavily or traded substantially Tuesday: Logitech International, up $12.61 to $92.64 The maker of computer accessories handily beat Wall Street's fiscal second-quarter profit and revenue forecasts. International Business Machines, down $8.15 to $117.37 The technology and...

Robert Murray, center, chief executive of Murray Energy Corp., smiles while talking to Dave Canning, left, and Mike Glassom, right, two miners in charge of drilling bore holes into the Crandall Canyon Mine, before a news conference northwest of Huntington Utah, Sunday, Aug, 26, 2007. Murray, the founder and former president and CEO of a major U.S. coal operator that recently emerged from federal bankruptcy, has retired as chairman of the company's board. Murray ended a six-decade career by announcing his retirement Monday, Oct. 19, 2020 as board chairman of American Consolidated Natural Resource Holdings Inc. (AP Photo/Kenny Crookston)

Bob Murray retires as board chairman of US coal giant

Oct. 20, 2020 2:17 PM EDT

CHARLESTON, W.Va. (AP) — Robert Murray, the founder and former president and CEO of a major U.S. coal operator that recently emerged from federal bankruptcy, has retired as chairman of the company's board. Murray ended a six-decade career by announcing his retirement Monday as board chairman of American...

People stand near a bank's electronic board showing the Hong Kong share index Tuesday, Oct. 20, 2020. Asian shares fell moderately Tuesday, echoing Wall Street's decline as hopes faded Washington will come through with badly needed aid for the economy before the U.S. presidential election.   (AP Photo/Vincent Yu)

Asian shares track Wall Street fall as virus aid hopes fade

Oct. 19, 2020 11:55 PM EDT

TOKYO (AP) — Asian shares fell moderately Tuesday, tracking Wall Street's overnight decline as hopes faded Washington will come through with badly needed aid for the U.S. economy before the U.S. presidential election. Investors have been focusing on U.S. economic stimulus amid global uncertainty about the...

Lakes Region General Hospital files Chapter 11 bankruptcy

Oct. 19, 2020 6:18 PM EDT

LACONIA, N.H. (AP) — A New Hampshire hospital moved to file Chapter 11 bankruptcy on Monday. Lakes Region General Hospital has begun the legal and regulatory process of filing Chapter 11 and has received an offer from Concord Hospital to potentially acquire hospital assets, WMUR-TV reported. Concord...

This Week: Housing starts, Tesla earns, Coca-Cola earns

Oct. 19, 2020 2:10 AM EDT

A look at some of the key business events and economic indicators upcoming this week: EYE ON HOUSING Economists expect that builders broker ground on new houses and apartments at a faster pace in September. They predict the Commerce Department will report Tuesday that newly started residential construction...

FILE - In this Wednesday, Oct. 14, 2020 file photo, the American Flag hangs outside the New York Stock Exchange in New York. Stocks are opening higher on Wall Street, putting the market on track to end a choppy week of trading slightly higher. If the gains hold, the S&P 500 would mark its third straight weekly gain. In the first few minutes of trading Friday, Oct. 16 the benchmark index was up 0.4%. (AP Photo/Frank Franklin II)

A late slide erases gains for US indexes, leaving them mixed

Oct. 16, 2020 4:57 PM EDT

Wall Street closed out a choppy week of trading with more of the same Friday, as a late-afternoon stumble led U.S. stock indexes to a mixed finish. The S&P 500 ended the day just a fraction of a point higher after a burst of selling erased a 0.9% gain. Despite a three-day stretch of losses, the benchmark...

Passers-by examine a storefront window, Tuesday, Sept. 15, 2020, in Boston's fashionable Newbury Street shopping district. Retail sales rose in September for the fifth month in a row, as Americans spent more on clothing, cars and sporting goods. The U.S. Commerce Department said Friday, Oct. 16,  that retail sales grew 1.9% last month.AP Photo/Steven Senne)

US retail sales grow for 5th month in a row

Oct. 16, 2020 10:43 AM EDT

NEW YORK (AP) — Retail sales rose strongly in September, the fifth straight month of growth, as Americans spent more on clothing, cars and sporting goods. U.S. retail sales jumped 1.9% last month, the U.S. Commerce Department said Friday. That's more than double what was economists were expected. And it's...

Earnings calendar for the week of 10/19/2020

Oct. 16, 2020 6:00 AM EDT

Major companies tentatively scheduled to post quarterly earnings next week: TUESDAY Netflix Inc. reports quarterly financial results after the market close. WEDNESDAY CSX Corp. reports quarterly financial results after the market close. Tesla Inc. reports quarterly financial results after the market close....