When fuel prices started falling in 2014, airline passengers hoped for lower fares while investors worried about a drain on revenue. As it turns out, shareholder fears were overblown. Airlines have lowered fares, but are holding on to the savings.
Chipotle plots a comeback Feb. 9, 2016
"Baker's dozen" 2016 Feb. 6, 2016
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- Japan Internet company SoftBank's profit suffers over Sprint
TOKYO (AP) — Japanese telecommunications and Internet company SoftBank is reporting an 88 percent drop in fiscal third quarter profit as it struggles to turn around its U.S. carrier Sprint.
- Nissan quarterly profit up on healthy sales; keeps forecasts
TOKYO (AP) — Japanese automaker Nissan reported Wednesday a 25 percent increase in fiscal third-quarter profit to 127.2 billion yen ($1.1 billion) on strong sales.
- Moller-Maersk shipper posts Q4 loss of $2.5 billion
HELSINKI (AP) — Hit by sharp declines in freight rates and the oil price, Danish shipping and oil group A.P. Moller-Maersk says it turned a $2.5 billion loss in the fourth quarter, a big turnaround from the previous year's profit of $189 million in the equivalent period.
- Carlsberg Q4 profits hit by continuing decline in Europe
HELSINKI (AP) — Carlsberg says poor sales in Europe more than halved its fourth-quarter profit despite a slight increase in overall revenue, and the Danish brewer gave a guarded outlook for the year.
- Viacom CEO defends self in testy exchange on 1Q results
LOS ANGELES (AP) — Viacom Inc. CEO Philippe Dauman defended himself in a testy exchange with analysts during a quarterly earnings conference call Tuesday after the media company behind MTV and Paramount Pictures missed revenue expectations for the fifth quarter in a row.
- Wyndham and Viacom are big market movers
NEW YORK (AP) — Stocks that moved substantially Tuesday on the New York Stock Exchange and the Nasdaq stock market:
- CVS meets 4Q profit forecasts, reaffirms 2016 outlook
Acquisitions helped CVS Health's fourth-quarter profit climb 13 percent, and leaders of the drugstore operator and pharmacy benefits manager said Tuesday that they expect to reap more gains from their deal making later this year.
- Global volume up for Coke, though Diet Coke fizzles
ATLANTA (AP) — Coca-Cola's global soda volume rose in the fourth quarter, even as Diet Coke continued to suffer declines.
- Sanofi reports flat 2015 earnings
PARIS (AP) — French drug maker Sanofi says its bottom line was roughly stable last year as it advanced efforts to reshape its drug portfolio and pursue research and development tie-ups in oncology and diabetes.
- Goodyear reports 4Q loss on hefty charge
NEW YORK (AP) — The Goodyear Tire & Rubber Co. on Tuesday swung to a fourth-quarter loss on charges and tire sales fell, but the results still topped Wall Street expectations.