The maker of Snapchat also swung to a loss in the latest quarter and declined to provide financial guidance.
Category: Company Reports
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Bed Bath & Beyond Says It Defaulted on Debt Payments
The disclosure was the most salient sign of financial strain yet for the beleaguered retailer, which is exploring a possible bankruptcy filing.
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Southwest Lost $220 Million Because of Holiday Meltdown
The airline canceled 16,700 flights before and after Christmas as it struggled to recover from bad weather.
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Tesla Bulls Take Heart From Strong Profits
Shares in the electric carmaker continued to rally after the company reported strong profits, even amid growing competition and economic pressures.
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IBM Announces 3,900 Job Cuts
The company said the layoffs were a final step after asset sales rather than a sign of weakness in its business.
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Tesla’s Profit Jumped 12% in Fourth Quarter
The electric car company is facing intensifying competition, supply chain disruptions and concerns about the behavior of Elon Musk.
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Microsoft Revenue Up 2 Percent, but Profit Drops 12 Percent
The company, which announced plans to lay off 10,000 workers last week, had warned that is was facing a significant slowdown in the growth of its sales.
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Microsoft Revenue Up 2 Percent, but Profit Drops 12 Percent
The company, which announced plans to lay off 10,000 workers last week, had warned that is was facing a significant slowdown in the growth of its sales.
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Washington Post Lays Off 20 Journalists
A further 30 open positions will not be filled. The overall size of the newsroom is expected to return to its current level after The Post makes new hires in the affected departments.
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Senators Will Prod Live Nation and Ticketmaster on Antitrust
The company’s grip on ticket sales, and its move last year to cancel sales for Taylor Swift’s upcoming tour, will be a big focus of an antitrust-focused hearing.
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Spotify to Lay Off 6% of Its Work Force
The audio streaming platform becomes the latest big technology company to cut costs over worries about the economy.