Digital ad spending, while still growing overall, “has decelerated precipitously,” according to an analysis last month by the research firm Insider Intelligence.Twitter seems to be faring the worst. The company […]
Company Reports
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Back to news homeActivist Investor Nelson Peltz Ends Battle for Disney Board Seat
Behind the scenes at Disney on Thursday, senior executives were giddy. The activist investor Nelson Peltz, in a surprise morning phone call to CNBC, had ended his attempt to install […]
Disney To Lay Off About 7,000 Employees as It Cuts $5.5 Billion in Costs
Robert A. Iger gave Disney’s corporate critics the equivalent of a punch in the mouth on Wednesday.In his first earnings report since he came out of retirement to retake the […]
Disney’s Iger Returns to Familiar Stage, but With Different Challenges
Even in decline, traditional television remains Disney’s largest business, delivering $8.5 billion in operating income in the fiscal year that ended in October.Disney and other old-line media companies are facing […]
Shell’s Profit Soared to $42 Billion in 2022
Shell, Europe’s largest energy company, reported a bumper annual profit for 2022 on Thursday: $42.3 billion, more than double its 2021 total and probably a record for any Britain-based company.The […]
Oil Giants, After Surge in Profits, Are Wary About Spending
Exxon Mobil made $56 billion in profit last year, its largest annual haul ever. Chevron earned $36 billion, also a company record. But after a bountiful 2022, the outlook for […]
Southwest Lost $220 Million Because of Holiday Meltdown
Southwest Airlines lost $220 million in the final three months of last year because of a holiday meltdown that affected an estimated two million passengers, the company reported Thursday.Southwest executives […]
Spotify to Lay Off 6% of Its Work Force
Spotify, the audio streaming platform, is laying off 6 percent of its work force, or about 600 employees, joining a growing list of big tech companies that are cutting costs […]
Microsoft to Lay Off 10,000 Workers as It Looks to Trim Costs
Microsoft on Wednesday became the latest addition to a growing list of big technology companies to lay off employees because of worries about the economy and overhiring during the pandemic.The […]
Goldman Sachs Earnings Fall Short of Expectations, Causing Alarm
Goldman Sachs is losing its shine.The doyen of investment banks released quarterly earnings on Tuesday that fell short even of analysts’ lowered expectations. Goldman did not just make significantly less […]