Financial performance

July 31, 2019 - 11:44 pm
FRANKFURT, Germany (AP) — Luxury automaker BMW saw net profit fall 29% to 1.48 billion euros ($1.63 billion) in the second quarter from a year earlier as higher spending to develop new technologies and revamp factories weighed on the bottom line. The company said Thursday vehicles sales and revenue...
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July 31, 2019 - 10:24 am
ATLANTA (AP) — Georgia Power has ordered nuclear fuel for its long-delayed expansion of Plant Vogtle, the nation's first large-scale nuclear project in more than 30 years. The fuel order was announced the day before its parent company reported second-quarter net income of $902 million, after...
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FILE - In this file photo dated Monday, Jan. 14, 2019, Fiat Chrysler's new CEO, Mike Manley at the North American International Auto Show in Detroit, U.S.A.. Manley told analysts Wednesday July 31, 2019, that the logic of the failed tie-up with French carmaker Renault remains in place but repeated that FCA can survive on its own and refused to discuss terms under which merger talks might resume. (AP Photo/Carlos Osorio, FILE)
July 31, 2019 - 8:47 am
MILAN (AP) — Fiat Chrysler Automobiles CEO Mike Manley said Wednesday that the logic of merging with French carmaker Renault remains sound but refused to discuss terms under which talks might resume after a deal that would have reshaped the global auto industry collapsed last month. Manley repeated...
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FILE - In this July 22, 2019, file photo specialist Mark Fitzgerald works at his post on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EDT on Wednesday, July 31. (AP Photo/Richard Drew, File)
July 31, 2019 - 7:30 am
NEW YORK (AP) — U.S. stocks edged higher in early trading Wednesday on Wall Street as the technology sector gained ground after a solid earnings report from iPhone maker Apple. Stocks declined the first days of the week after setting records last week. Investors have been absorbing a heavy flow of...
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July 31, 2019 - 3:44 am
RICHMOND, Va. (AP) — A blood-testing company filed for bankruptcy and says it's cutting jobs because Medicare payments have been withheld over allegations of fraud. The Richmond Times-Dispatch reports True Health Diagnostics LLC filed for Chapter 11 bankruptcy protection this week and notified...
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FILE - In this June 15, 2019, file photo customers leave an Apple store on the 3rd Street Promenade in Santa Monica, Calif. Apple Inc. reports financial results on Tuesday, July 30. (AP Photo/Richard Vogel, File)
July 30, 2019 - 3:34 pm
SAN FRANCISCO (AP) — Apple's iPhone sales are still sputtering while the company tries to offset the decline by milking more money from digital services such as music. The latest evidence of the iPhone's waning popularity had been expected. Even so, the confirmation in Tuesday's fiscal third-...
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FILE - In this July 22, 2019, file photo trader Tommy Kalikas works on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EDT on Tuesday, July 30. (AP Photo/Richard Drew, File)
July 30, 2019 - 7:30 am
NEW YORK (AP) — U.S. stocks moved broadly lower in early trading on Wall Street Tuesday as President Donald Trump ramped up criticism of China just as negotiators began a new round of trade talks. The latest tweets injected anxiety into the markets in an already busy week. Investors are closely...
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FILE - This May 1, 2018 file photo shows Merck corporate headquarters in Kenilworth, N.J. Merck & Co. reports earnings Friday, Feb. 1, 2019. Merck & Co., Inc. reports financial results on Tuesday, July 30, 2019. (AP Photo/Seth Wenig, File)
July 30, 2019 - 4:00 am
KENILWORTH, N.J. (AP) — Merck is reporting a 12% jump in global sales, pushing it past profit expectations for the second quarter. The pharmaceutical company reported a profit of $2.67 billion, or $1.03 per share. Earnings, adjusted for costs related to mergers and acquisitions and restructuring...
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July 30, 2019 - 1:32 am
TOKYO (AP) — Sony Corp. has reported a 33% drop in its fiscal first quarter profit as sales dipped in its electronics operations, including TV sets and camcorders. The Japanese electronics and entertainment company reported Tuesday that its April-June profit totaled 152 billion yen ($1.4 billion),...
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July 30, 2019 - 1:06 am
TOKYO (AP) — Japanese video game maker Nintendo Co. has reported its fiscal first quarter profit dipped to about half of what it was a year earlier despite improved sales as an unfavorable exchange rate eroded earnings. Nintendo said Tuesday its profit in the April-June quarter totaled 16.6 billion...
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