Financial performance - the best personalized free web-based Email en en Financial performance Only on AP: CEO pay climbed faster last year, up 8.5 percent NEW YORK (AP) — The typical CEO at the biggest U.S. companies got an 8.5 percent raise last year, raking in $11.5 million in salary, stock and other compensation last year, according to a study by executive data firm Equilar for The Associated Press. That's the biggest raise in three years. The bump reflects how well stocks have done under these CEOs' wat... Tue, 23 May 2017 18:34:00 GMT 2017-05-23T18:34:00Z The Latest: Ringling Bros. shuts down the big top UNIONDALE, N.Y. (AP) — The Latest on the closing of the Ringling Bros. and Barnum & Bailey Circus (all times local): 10:15 p.m. The Ringling Bros. and Barnum & Bailey Circus has shut down the big top. After 146 years of existence, the circus gave its final performance Sunday evening in Uniondale, New York, outside of ... Mon, 22 May 2017 08:31:00 GMT 2017-05-22T08:31:00Z Green Machine is back, Deere posts a big 1Q and ups outlook MOLINE, Ill. (AP) — Despite weaker crop prices and nervous American farmers, Deere & Co. reported better-than-expected earnings on strong international farm equipment sales and higher demand for construction equipment as U.S. home sales take off. The company doubled its profit forecast for the year and investors took note, sending the stock to a record hi... Fri, 19 May 2017 15:57:00 GMT 2017-05-19T15:57:00Z Standard & Poor's raises Indonesia credit rating JAKARTA, Indonesia (AP) — Standard & Poor's raised Indonesia's sovereign credit rating to investment grade on Friday in recognition of a stable governing coalition and improved control over government finances. The ratings agency said the long-term rating was raised to "BBB minus," which signifies adequate ability to repay national debts, from "BB plus," ... Fri, 19 May 2017 14:02:00 GMT 2017-05-19T14:02:00Z Gap shares climb after profit exceeds expectations Shares of Gap climbed Thursday after the retailer reported a quarterly profit that topped Wall Street expectations. The San Francisco-based company has struggled to adjust to changes in retail, with more consumers buying online, craving discounts and spending less time at the malls where the company's Gap, Banana Republic and Old Navy stores are. A string of retailers have a... Thu, 18 May 2017 21:02:00 GMT 2017-05-18T21:02:00Z Ralph Lauren posts quarterly loss a day after naming new CEO NEW YORK (AP) — Preppy clothing retailer Ralph Lauren Corp. reported a quarterly loss and another drop in revenue on Thursday, a day after announcing a new chief executive. The latest report from the company known for its polo shirts and pony logo underscores the challenges that Patrice Louvet, who was a Procter & Gamble beauty executive, faces when he start the CEO job in J... Thu, 18 May 2017 21:01:00 GMT 2017-05-18T21:01:00Z Wal-Mart sees online sales surge, more shoppers at stores BENTONVILLE, Ark. (AP) — Wal-Mart saw online sales surge as it changed up its shipping offers, and drew more shoppers to its stores as well in the most recent quarter even as retail overall is more competitive. The world's largest retailer said Thursday that sales at established stores rose for the eleventh straight quarter, and customer traffic rose for ... Thu, 18 May 2017 18:45:00 GMT 2017-05-18T18:45:00Z Cisco Systems announces 1,100 more layoffs SAN JOSE, Calif. (AP) — Cisco Systems Inc. said Wednesday that it is laying off 1,100 more workers, deepening job losses at the internet gear maker battling declining revenue. The new round of layoffs comes on top of the 5,500 jobs Cisco announced it was cutting in August. That amounted to about 7 percent of its workforce at the time. C... Wed, 17 May 2017 23:40:00 GMT 2017-05-17T23:40:00Z Ford to cut jobs as sales level off, stock price lags DETROIT (AP) — Ford is getting leaner as it faces an onslaught of challenges, from slowing U.S. sales to high-tech challengers to its own disgruntled shareholders. The 114-year-old automaker said Wednesday it is cutting 1,400 non-factory jobs in North America and Asia Pacific. The company will offer voluntary early retirement and separation packages to around 10 percent of i... Wed, 17 May 2017 19:45:00 GMT 2017-05-17T19:45:00Z Fertile ground for Home Depot as gardening season begins ATLANTA (AP) — Home Depot has found fertile ground this first quarter as the gardening season begins and Americans, while pulling back on spending elsewhere, appear more than ready to plow money into projects at home. The home improvement retailer topped expectations for profit and revenue and it raised its profit outlook for the year, sending shares towa... Tue, 16 May 2017 12:45:00 GMT 2017-05-16T12:45:00Z Losses at JC Penney double, sales slide, as do shares PLANO, Texas (AP) — Losses at J.C Penney doubled in the first quarter and sales at established stores fell again, capping a terrible week for retailers. Though the loss at first did not appear as bad as many industry analysts had expected, many soured on even that after a closer look. "Don't be fooled by the bottom line beat; it was ent... Fri, 12 May 2017 13:57:00 GMT 2017-05-12T13:57:00Z US retail sales rebounded in April after sluggish winter WASHINGTON (AP) — Americans stepped up their spending at auto dealers, hardware stores and e-commerce outlets as retail sales rebounded from two sluggish months. The Commerce Department said Friday that retail sales increased 0.4 percent in April from March. Sales ticked up just 0.1 percent in March and fell in February. The increase su... Fri, 12 May 2017 13:14:00 GMT 2017-05-12T13:14:00Z Lower sales drag down Macy's profit, results miss forecast NEW YORK (AP) — Lower sales dragged Macy's profit down for the first quarter, highlighting the challenge for retailers as customers shift to more online shopping and store locations lose traffic. Macy's results fell short of Wall Street expectations, and the nation's largest department store chain warned sales will fall further this year. Its shares tumbled 14 percent, and g... Thu, 11 May 2017 16:44:00 GMT 2017-05-11T16:44:00Z Nissan annual profit rises on strong US, China, Europe sales TOKYO (AP) — Japanese automaker Nissan Motor Co.'s profit rose by 27 percent in the fiscal year that ended in March to 663.5 billion yen ($5.8 billion), as strong sales in the U.S., China and Europe and the sale of its stake in a parts maker offset damage from the strong yen, the company said Thursday. But Nissan is forecasting a 19 percent drop in profit... Thu, 11 May 2017 14:56:00 GMT 2017-05-11T14:56:00Z China auto sales shrink in April as demand cools sharply HONG KONG (AP) — China's auto sales shrank in April as demand for most types of vehicles wilted, an industry group said Thursday. The China Association of Automobile Manufacturers said 1.7 million passenger cars were sold in China last month, down 3.7 percent from the same period a year ago. That's down from 1.7 percent sales growth in ... Thu, 11 May 2017 10:30:00 GMT 2017-05-11T10:30:00Z Emirates airline profits down 83 percent in past year DUBAI, United Arab Emirates (AP) — Emirates, the Middle East's largest airline, said Thursday its profits fell by more than 80 percent to $340 million last year as it grappled with a slump in demand linked to a range of headwinds, from political upheaval and terrorism in Europe to tougher travel restrictions to the U.S. Emirates Group, which operates the ... Thu, 11 May 2017 09:29:00 GMT 2017-05-11T09:29:00Z Snapchat's growth stalls in Facebook's shadow in 1Q report NEW YORK (AP) — Facebook has been bent on copying Snapchat ever since the social media giant tried unsuccessfully in 2013 to buy what was then an ephemeral photo-messaging app. Now, the company behind Snapchat is hoping to copy some of its larger rival's own practices, at least with respect to courting new users — and, with them, advertisers. ... Thu, 11 May 2017 04:13:00 GMT 2017-05-11T04:13:00Z Snapchat's growth stalls in Facebook's shadow; stock plunges NEW YORK (AP) — Facebook's shadow continues to hang over Snapchat as its parent company reported disappointing numbers. Snap Inc., best known for disappearing messages even though it has evolved to become much more, had a massive loss and saw user growth continue to slow down in the first three months of the year. Its revenue was below Wall Street's expectations in its first... Thu, 11 May 2017 02:08:00 GMT 2017-05-11T02:08:00Z Whole Foods shakes up board as key sales figure falls again NEW YORK (AP) — Whole Foods announced a board shake-up and cost-cutting plan as it fights to appease investors and hold onto shoppers who have more choices about where to buy organic foods. The company, which has seen sales at established stores fall for seven straight quarters, is under pressure from activist investor Jana Partners. The group disclosed its stake in the chai... Wed, 10 May 2017 22:31:00 GMT 2017-05-10T22:31:00Z Postal Service, citing losses, seeks higher stamp prices WASHINGTON (AP) — The U.S. Postal Service is hoping it can soon raise stamp prices by a penny or more. The postal service on Wednesday reported a quarterly loss of $562 million, despite growth in package delivery, due to continued erosion in the use of first-class mail as well as expensive mandates for its retiree health care obligations. It also attributed losses to a force... Wed, 10 May 2017 18:46:00 GMT 2017-05-10T18:46:00Z Dance mom to dance con: Abby Lee Miller gets year in prison PITTSBURGH (AP) — Former "Dance Moms" reality TV star Abby Lee Miller was sentenced Tuesday to a year and a day in prison for hiding $775,000 worth of income and bringing $120,000 worth of Australian currency into the U.S. without reporting it. U.S. District Judge Joy Flowers Conti also fined Miller $40,000 — on top of the $120,000 in currency she's forfe... Tue, 09 May 2017 18:55:00 GMT 2017-05-09T18:55:00Z Drugmaker Valeant tops 1Q profit forecasts, chops debt again LAVAL, Quebec (AP) — Shares of Valeant Pharmaceuticals surged after the Canadian drugmaker topped Wall Street's first-quarter expectations and said it chopped its debt by another $1.3 billion, giving it more financial flexibility. The drugmaker also said Tuesday that it booked a one-time, $908 million income tax benefit from an internal restructuring in t... Tue, 09 May 2017 12:28:00 GMT 2017-05-09T12:28:00Z Girl, she's a boss: Netflix series highlights female mogul NEW YORK (AP) — Britt Robertson is no stranger to having to emote on the screen. She played a foster kid who finds her birth parents in the CW series "Life Unexpected" and a young waitress kidnapped and held hostage in CBS' "Under the Dome." The 27-year-old actress is now starring in the Netflix comedy "Girlboss," based on the rags-to-riches story of Soph... Mon, 08 May 2017 15:29:00 GMT 2017-05-08T15:29:00Z ADB hoping US will step up and help lead regional lender YOKOHAMA, Japan (AP) — The head of the Asian Development Bank said Sunday he is hoping the U.S. will step up and support the regional lender despite President Donald Trump's avowed preference for bilateral cooperation. ADB President Takehiko Nakao told reporters at a news conference wrapping up the bank's annual meeting that it "isn't really good" that th... Sun, 07 May 2017 07:20:00 GMT 2017-05-07T07:20:00Z Thousands of people fill arena to hear from Warren Buffett OMAHA, Neb. (AP) — Listening to Warren Buffett never gets old to the thousands of Berkshire Hathaway shareholders who filled an arena Saturday to listen to the billionaire investor at the company's annual meeting. More than 30,000 people came to Omaha to hear Buffett and Berkshire Vice Chairman Charlie Munger talk. The 86-year-old CEO and his 93-year-old ... Sat, 06 May 2017 22:26:00 GMT 2017-05-06T22:26:00Z Profit down 27 percent at Buffett's firm on investment gains OMAHA, Neb. (AP) — Warren Buffett's company reported a 27 percent drop in its first-quarter profit largely because of a big gain it booked last year in connection with two acquisitions. Berkshire Hathaway said Friday it earned $4.06 billion, or $1.65 per Class B share. That's down from $5.59 billion, or $2.27 per B share, a year ago when it completed its acquisitions of Dura... Fri, 05 May 2017 22:54:00 GMT 2017-05-05T22:54:00Z Buffett's investors facing more resolutions, like many firms OMAHA, Neb. (AP) — Before billionaire Warren Buffett takes the stage Saturday to spend hours answering at his conglomerate's annual meeting, his investors had to weigh questions about climate change and disclosing political contributions. The type of measures Berkshire Hathaway shareholders face are becoming more common as groups push for change at compan... Fri, 05 May 2017 13:16:00 GMT 2017-05-05T13:16:00Z Viacom beats forecasts but investors fret 'reteiring' NEW YORK (AP) — Viacom's second-quarter results easily beat Wall Street expectations, but its stock took a beating as investors feared it might lose revenue because a big cable provider moved to make some of the company's prime channels more expensive. Company executives acknowledged Thursday that Charter Communications had "retiered" some of Viacom's hig... Thu, 04 May 2017 19:21:00 GMT 2017-05-04T19:21:00Z HSBC 1Q pretax adjusted profit rises 12 percent to $5.9B HONG KONG (AP) — HSBC's quarterly pretax profits rose 12 percent as improved trading and rising interest rates helped support revenue at the London-based global bank's businesses. The bank said on Thursday that profit for the first three months of the year, adjusted for one-time items and currency fluctuations, came in at $5.9 billion versus $5.3 billion a year ago. ... Thu, 04 May 2017 07:04:00 GMT 2017-05-04T07:04:00Z Facebook tops Street 1Q forecasts MENLO PARK, Calif. (AP) — Facebook Inc. (FB) on Wednesday reported first-quarter profit of $3.06 billion. On a per-share basis, the Menlo Park, California-based company said it had profit of $1.04. This is above the 87 cents per share that analysts polled by FactSet had expected. The social media company posted revenue of $8.03 billion ... Wed, 03 May 2017 22:17:00 GMT 2017-05-03T22:17:00Z