Honda posted its first loss since 1957 as it took a multibillion-dollar hit from scaling back its electric-vehicle plans.
Category: Company Reports
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Honda Posts First Ever Annual Loss After Pullback From E.V.s
The New York Times – Business: -
Honda Posts First Ever Annual Loss After Pullback From E.V.s
The New York Times – Business:Honda posted its first loss since 1957 as it took a multibillion-dollar hit from scaling back its electric-vehicle plans.
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EBay, the Old-School E-Commerce Site, Finds Its Place in Modern Retail
The New York Times – Business:The online marketplace has remade itself by focusing on collectibles and other high-end goods — and attracted an unwelcome takeover bid from GameStop.
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Shell Reports Nearly $7 Billion Profit After Oil Prices Surged Amid U.S.-Iran War
The New York Times – Business:The oil giant’s earnings in the first three months of the year were more than double the previous quarter’s and follow similarly strong results of European rivals.
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Fast-Food Sales Rise Despite Higher Gas Prices
The New York Times – Business:Fallout from the war in Iran didn’t dampen quarterly results at McDonald’s, Burger King and Taco Bell.
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Anthropic’s C.E.O. Says It Could Grow by 80 Times This Year
The New York Times – Business:The chief executive, Dario Amodei, said the rapid growth had exponentially increased the start-up’s need for more computing power.
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Disney Posts Strong Earnings Despite Slowdown in Park Visitors
The New York Times – Business:Disney parks are closely watched as a bellwether for consumer confidence.
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The New York Times Passes 13 Million Subscribers
The New York Times – Business:The company’s adjusted operating profit hit $117.9 million in the quarter, up 27.2 percent from a year earlier, on revenue of $712.2 million.
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Why U.S. Oil Companies Are Not Plugging the World’s Energy Gap
The New York Times – Business:American producers are under pressure from investors to keep spending in check, and they are wary of drilling more wells because they are not sure oil prices will stay high.
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Ford Reports Higher Profit Thanks Partly to Tariff Refund
The New York Times – Business:Ford Motor said it expected the federal government to refund $1.3 billion the company paid in tariffs that were later struck down by the Supreme Court.
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Starbucks Reports Strong Store Traffic and Rise in Quarterly Sales
The New York Times – Business:The chain’s chief executive credited its turnaround plan for improved U.S. same-store sales, but said higher gas and utility costs were a concern.
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Tesla Profit Rises but Remains Below Earlier Highs
The New York Times – Business:The company is investing in robots and self-driving taxis that are not yet generating significant sales.