Category: Company Reports

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.
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.
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.
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.
Focused Cuts and Fewer Layers: Tech Layoffs Enter a New Phase

Amazon, Google, Microsoft and other tech companies have been on a layoff spree this month, with the latest cuts differing from last year’s mass reductions.
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.
Tesla Profit Doubles From Tax Effect, but Price Cuts Hurt

Quarterly earnings soared from a year earlier after the company booked a tax benefit, but increased competition and a price war took a toll, the electric-car maker said.
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.
JPMorgan Chase, Bank of America and Wells Fargo Earned Billions

JPMorgan Chase, Bank of America and Wells Fargo reported healthy quarterly profits despite having to pay to replenish the industry’s deposit insurance fund.
General Motors Reports a 14% Jump in U.S. Auto Sales in 2023

The nation’s largest automaker sold more cars in 2023 than a year ago as supply chain chaos ended, but sales are now under pressure from rising interest rates.
Tesla Sales Rebound After Steep Price Cuts

The leading electric-vehicle maker also drew buyers eager to take advantage of government incentives that will be harder to get in 2024.
Bird, an Electric Scooter Company, Files for Bankruptcy

The company, once a high-flying start-up whose services were hailed as the next big thing in personal transportation, lost much of its value as it struggled to grow.