United States

Siddharth Cavale

Travelers profit tops on lower catastrophe losses, shares rise 4 percent

11:43am EDT

Insurer Travelers Companies Inc's quarterly profit beat analysts' estimates on Thursday, as improved underwriting and lower catastrophe losses offset a decline in net investment income, sending its shares to a more than one-year high.

Bank of America warns of slowing growth of net interest

Apr 16 2019

Bank of America Corp forecast that net interest income would rise half as fast this year after reporting first-quarter revenue on Tuesday that fell short of expectations.

Citigroup profit beats on investment banking boost

Apr 15 2019

Citigroup Inc reported higher-than-expected earnings on Monday despite declining revenue as the New York-based lender cut costs, grew its investment-banking business and expanded net-interest margin.

REFILE-UPDATE 2-JPMorgan profit beat eases fear of slowing economy

Apr 12 2019

April 12 JPMorgan Chase & Co posted a better-than-expected quarterly profit on Friday, easing fears that slowing economic growth could weigh on its results.

LaCroix maker's CEO cries injustice, likens brands to 'handicapped'

Mar 08 2019

National Beverage Corp's Chief Executive has blamed "injustice" for lower sales of its fruit-flavored LaCroix sparkling water and likened brand management to caring for a "handicapped" person.

CORRECTED-LaCroix maker's shares dive after poor sales, CEO cries 'injustice'

Mar 08 2019

March 8 National Beverage Corp's shares sank 20 percent on Friday after it reported dismal sales, as questions over ingredients used in its LaCroix sparkling water begin to crimp its popularity.

How U.S. retailers turn their bane into boon with 'click and collect'

Feb 25 2019

As retail casualties such as Sears or Toys 'R' Us kept piling up, costly real estate often got the blame for traditional retailers' struggle to keep up with e-commerce rivals.

Kraft Heinz shares fall 28 percent after writedown, dividend cut

Feb 22 2019

Kraft Heinz Co shares fell to a record low on Friday a day after the food company disclosed a $15 billion write-down on its marquee brands, raising concern that years of rigorous cost cutting have eroded the value of its Kraft cheeses and Oscar Mayer deli meats. | Video

Kraft Heinz write-down puts focus on years of cost cuts, shares slump

Feb 22 2019

Feb 22 Kraft Heinz Co shares fell 20 percent on a slew of bad news, mainly centering on a multi-billion dollar write-down, which had investors wondering if years of rigorous cost cuts came at the expense of losing the value of its marquee Kraft and Oscar Mayer brands.

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