Latest Consumer products and services News
Best Buy posts another quarterly sales drop while Kohl's sees slump deepen
NEW YORK (AP) — Best Buy, the nation’s largest consumer electronics chain, reported another quarterly drop in sales as Americans continued to tighten their purse strings on appliances and gadgets to focus on essentials. The Richfield, Minnesota-based retailer lowered its annual...
Trump threatens to impose sweeping new tariffs on Mexico, Canada and China on first day in office
NEW YORK (AP) — President-elect Donald Trump threatened to impose sweeping new tariffs on Mexico, Canada and China as soon as he takes office as part of his effort to crack down on illegal immigration and drugs. He said he would impose a 25% tax on all products entering the country from Canada...
Elbit: Q3 Earnings Snapshot
HAIFA, Israel (AP) — HAIFA, Israel (AP) — Elbit Systems Ltd. (ESLT) on Tuesday reported net income of $79.1 million in its third quarter. The Haifa, Israel-based company said it had profit of $1.77 per share. Earnings, adjusted for one-time gains and costs, were $2.21 per share....
Edgewell Personal: Fiscal Q4 Earnings Snapshot
SHELTON, Conn. (AP) — SHELTON, Conn. (AP) — Edgewell Personal Care Co. (EPC) on Thursday reported fiscal fourth-quarter earnings of $8.8 million. On a per-share basis, the Shelton, Connecticut-based company said it had net income of 17 cents. Earnings, adjusted for restructuring...
Clorox: Fiscal Q1 Earnings Snapshot
OAKLAND, Calif. (AP) — OAKLAND, Calif. (AP) — Clorox Co. (CLX) on Wednesday reported fiscal first-quarter earnings of $99 million. On a per-share basis, the Oakland, California-based company said it had net income of 80 cents. Earnings, adjusted for non-recurring costs, were...
Newell Brands: Q3 Earnings Snapshot
ATLANTA (AP) — ATLANTA (AP) — Newell Brands Inc. (NWL) on Friday reported a loss of $198 million in its third quarter. The Atlanta-based company said it had a loss of 48 cents per share. Earnings, adjusted for non-recurring costs, came to 16 cents per share. The...
Colgate-Palmolive: Q3 Earnings Snapshot
NEW YORK (AP) — NEW YORK (AP) — Colgate-Palmolive Co. (CL) on Friday reported third-quarter net income of $737 million. On a per-share basis, the New York-based company said it had net income of 90 cents. Earnings, adjusted for non-recurring costs, were 91 cents per share. ...
Kimberly-Clark: Q3 Earnings Snapshot
DALLAS (AP) — DALLAS (AP) — Kimberly-Clark Corp. (KMB) on Tuesday reported third-quarter profit of $907 million. The Dallas-based company said it had profit of $2.69 per share. Earnings, adjusted for non-recurring gains, were $1.83 per share. The results beat Wall...
Asian Development Bank raises growth forecast for region, but warns of risks from trade sanctions
Developing economies in Asia are forecast to grow at a 5.0% annual pace this year, helped by a strong U.S. economy and surging demand for computer chips that power artificial intelligence, the Asian Development Bank said in a report Wednesday. The forecast was revised upward slightly...
