The conglomerate reported on Saturday that it had cut its holdings in Apple and Bank of America and increased its cash to a record high in the third quarter.
Category: Company Reports
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Amazon Reports Record $15.3 Billion Profit
The tech giant’s cloud computing business picked up steam and its retail business showed resiliency.
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Airbus, With Eye on U.S. Race, Says It Will Be Ready for Higher Tariffs
The giant European airplane maker’s chief executive said it would pass along any higher charges to its customers.
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Starbucks’s CEO Steps In to Tackle Long List of Issues
Customers are turning away from the coffee giant, and its new chief executive, Brian Niccol, has to figure out how to get them back.
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Alphabet Revenue Jumps 15% to $88.3 Billion
The tech giant’s 34 percent increase in quarterly profit topped Wall Street expectations, driven by its advertising and cloud businesses.
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G.M.’s Electric Vehicle Sales Surge as Ford Loses Billions
Ford is struggling to make money on battery-powered models while General Motors, which started more slowly, says it is getting close to that goal.
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BP Profit Falls, but It Still Sees ‘Potential to Grow’ in Oil and Gas
The energy giant’s chief executive, Murray Auchincloss, has taken a profit-oriented approach and said in an interview that the company’s “principle aim” was rewarding shareholders.
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McDonald’s Focus on Value Bolsters U.S. Sales
The fast-food giant’s earnings results did not reflect the potential fallout from an E. coli outbreak that the company has moved quickly to contain.
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Tesla’s Third Quarter Earnings Report Robust Profit Increase
The electric car company said profits climbed 17 percent in the third quarter as strong sales of energy products helped to make up for relatively slow auto sales.
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Boeing’s New C.E.O. Calls for ‘Culture Change’ as Strike Vote Looms
As Kelly Ortberg presented his strategic vision, more than 33,000 striking employees of the aerospace manufacturer were expected to vote on a new contract.
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Starbucks Reports a Slide in Sales and Traffic
“We need to fundamentally change our strategy,” the coffee giant’s new chief executive said.