Airlines are starting to offer bargain prices, including to popular overseas destinations like Paris, a sign that they are fighting to fill planes.
Category: Company Reports
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Disney Adds 5 Million Streaming Subscribers
The company is in the midst of a major transformation, exploring options for traditional businesses like ESPN.
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The New York Times Passes 10 Million Subscribers
The company reported an adjusted operating profit of $89.8 million in its latest quarter, up from $69 million a year earlier.
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Automakers Delay Electric Vehicle Spending as Demand Slows
Growth is brisk but slower than expected, causing automakers to question their multibillion-dollar investments in new factories and raising doubts about the effectiveness of federal incentives.
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Uber Reports Record Ridership and Second Straight Quarterly Profit
Revenue was up 11 percent from a year earlier, helping to generate $221 million in net income.
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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.