The Snapchat parent company’s revenue for the fourth quarter was up from a year ago, but it had missed Wall Street’s expectations.
Category: Company Reports
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Snap Lays Off 10% of Its Work Force
The company laid off more than 500 of its employees on Monday, or about 10 percent of its global work force.
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Oil Giants Pump Their Way to Bumper Profits
Exxon and Chevron reported robust earnings and large payouts to investors as they continued to expand their fossil-fuel production.
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New York Community Bancorp, Winner in Last Year’s Crisis, Takes a Hit
Shares of the small lender, which absorbed most of failing Signature Bank, collapsed after disappointing earnings report.
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Boeing Suspends Financial Outlook as It Focuses on Safety
The manufacturer is under pressure to improve quality control after a panel blew off a 737 Max 9 plane during an Alaska Airlines flight this month.
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Boeing Faces Tricky Balance Between Safety and Financial Performance
The company is under pressure to show regulators and customers that it takes safety seriously and to reassure investors about its financial outlook.
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G.M. Profits Hurt by Unsold Electric Vehicles and Strike
The automaker has placed a bet on battery-powered cars, but it has struggled to produce and sell the vehicles in large numbers.
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Bernard Arnault Names 2 More Sons to LVMH Board, Cementing Family Control
The move by France’s richest man extends a carefully-planned succession strategy for the world’s biggest luxury company.
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Goldman Sachs Sticks the Landing at End of Tumultuous Year
The Wall Street bank earned $2 billion in the fourth quarter, beating expectations, after a period marked by management missteps.