Revenue was up 11 percent from a year earlier, helping to generate $221 million in net income.
Category: Company Reports
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WeWork Files for Bankruptcy Amid Glut of Empty Offices
The move is a blow for landlords who have rented space to the co-working group, which is planning a “comprehensive reorganization” that includes cutting some of its leases.
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Berkshire Stung by Losses in Its Stock Holdings
The conglomerate’s cash stake swelled to a record $157.2 billion in the third quarter even as it posted $23.5 billion in losses from investments.
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Apple’s Sales Drop Slightly While Profit Is Up 11 Percent
Interest in new iPhones and services such as music and cloud storage powered the quarter, but other businesses, such as Mac sales, slowed significantly.
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Holiday Retail Sales Are Expected to Increase, but at a Slower Pace
Spending in that crucial period is predicted to rise 3 to 4 percent from last year, as the economy cools and demand normalizes.
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Orsted, Offshore Wind Firm, Cancels N.J. Projects
Denmark’s Orsted said it would be forced to write off as much as $5.6 billion as wind developers in the U.S. face wrenching financing costs.
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Orsted, Offshore Wind Firm, Cancels N.J. Projects
Denmark’s Orsted said it would be forced to write off as much as $5.5 billion as wind developers in the U.S. face wrenching financing costs.
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Halloween Shoppers Not Spooked as Economic Slowdown Remains Elusive
From apple picking to skeleton cows, early seasonal spending seems solid. It’s the latest sign that Federal Reserve policy to combat inflation hasn’t tanked growth.
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BuzzFeed in Advanced Talks to Sell Complex, Backtracking on Digital Media Bet
BuzzFeed is negotiating a sale of much of Complex Networks for under $140 million, less than half of what it paid to acquire it two years ago.
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Siemens Energy in Talks With German Government for Financial Help
Financial problems at the company, a major supplier of wind turbines and power plants, could hamper the energy transition.