Tag Archives: company activities and management

[ad_1] New York CNN  —  Phillips 66 is cutting at least 1,100 jobs by the end of this year as the refining giant seeks to slash costs and steer a larger chunk of its soaring profits to shareholders. At its investor day meeting in New York Wednesday, Phillips 66 detailed …

[ad_1] New York CNN Business  —  Shepard Smith will exit CNBC later this year after the business-focused news network announced on Thursday that it will cancel his show as it undergoes a “strategic realignment” under new leadership. The end of “The News with Shepard Smith,” which will air its final …

[ad_1] CNN  —  The Las Vegas Metropolitan Police Department has arrested a man in connection with the killing of 25-year-old Sandra DiFelice, nearly 42 years after her death. Paul Nuttall, 64, was arrested on charges of “open murder” with the use of a deadly weapon, sexual assault with the use …

[ad_1] CNN  —  Michael Imperioli sat down with CNN’s Chris Wallace to discuss the iconic actors he met working on the sets of “Goodfellas” and “The Sopranos” – and the scene that sent him to the emergency room. Imperioli, 56, got his big break after being cast in Martin Scorsese’s …

[ad_1] A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. New York CNN Business  —  The Federal Reserve is most likely going to raise interest rates by three quarters of a percentage point again on Wednesday, its …

[ad_1] New York CNN Business  —  Stocks rallied heading into the weekend, despite lousy results from Amazon. Solid earnings from Apple and record profits from oil giants Chevron and Exxon Mobil were enough to counter the weak outlook from the retail and cloud giant. The Dow, which has Apple (AAPL) …

[ad_1] CNN Business  —  Amazon (AMZN) stock fell some 14% in after-hours trading Thursday after the company forecast its holiday quarter sales would be lighter than analysts had expected. The e-commerce giant said it expects revenue for the final three months of the year to be between $140 billion to …

[ad_1] A roar of corporate earnings came out this week and last, and the information piling up from the backbone-of-American-buyers companies like Coca-Cola, Mattel, GM, Hilton, American Express offers a fuller picture of what’s going on in this country than we’ve had in the past. [ad_2] Source link

[ad_1] New York CNN Business  —  Ford is essentially pulling the plug on an effort to develop its first full self-driving car, and it’s going to cost the automaker $2.7 billion to walk away. The company announced Wednesday it would no longer provide financial support for Argo AI, a self-driving …

[ad_1] New York CNN Business  —  Meta on Wednesday posted the second quarterly revenue decline in its history since going public and warned that it is making “significant changes” aimed at cutting costs ahead of 2023, as it confronts an economic downturn that is hitting its core online advertising business. …