Gains in its insurance business offset lower revenue from its real estate and consumer products companies. The results came out at the start of the conglomerate’s 59th annual meeting.
Category: Company Reports
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Berkshire Reports Big Jump in Earnings
Gains in its insurance business offset lower revenue from its real estate and consumer products companies. The results came out at the start of the conglomerate’s 59th annual meeting.
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Berkshire Reports Big Jump in Earnings
Gains in its insurance business offset lower revenue from its real estate and consumer products companies. The results came out at the start of the conglomerate’s 59th annual meeting.
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HSBC Shareholders Defeat Ping An-Backed Measures
The outcome is a win for the bank in its fight with its largest stakeholder, the Chinese insurer Ping An, which argues HSBC isn’t taking full advantage of its profitable Asia unit.
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Apple’s Slowdown Eases, but Sluggish Demand Hurts Results
Overall iPhone sales were up, and revenue for the company’s services business set a record.
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Shell Reports $9.6 Billion Profit, Despite Falling Oil Prices
The oil and gas giant said its earnings, which exceeded analysts’ expectations, were bolstered by strong energy trading.
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Born in Asia but Based in Britain, HSBC Fights to Stay in One Piece
The global bank’s biggest shareholder, the giant Chinese insurer Ping An, wants HSBC to spin off its profitable Asian operation.
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Ford Reports $1.8 Billion Profit in Quarter
Sales increased from a year earlier, when the automaker was hampered by parts shortages.
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Uber’s Revenue Up 29% as U.S. Ride-Hailing Business Improves
The company said its financial results in the most recent quarter were about in line with the expectations of investors.
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In an Unsteady Banking Industry, First Republic’s Problems Stood Out
The bank’s rivals appear on firmer footing this time, in contrast with the widespread panic after the failures of Silicon Valley Bank and Signature Bank in March.
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First Republic Bank Is Seized by Regulators and Sold to JPMorgan Chase
As part of its deal, 84 First Republic branches in eight states will reopen as JPMorgan branches on Monday.