Financial performance

July 23, 2019 - 11:01 pm
SAN FRANCISCO (AP) — Insurance companies that say Pacific Gas & Electric owes them more than $20 billion from wildfire claims wants to take over the California utility and pull it out of bankruptcy. The group of insurers filed court documents Tuesday seeking to end PG&E's exclusive right to...
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FILE - In this Thursday, July 18, 2019, file photo trader Dennis Maguire 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 23. (AP Photo/Richard Drew, File)
July 23, 2019 - 4:43 pm
NEW YORK (AP) — U.S. stocks marched broadly higher on Wall Street Tuesday as several major companies reported solid second quarter gains. Investors pushed stocks closer to the record highs they reached just over a week ago. The gains followed several stumbles last week, extending a period of...
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FILE - This undated file photo shows Barrick Goldstrike Mines' Betze-Post open pit near Carlin, Nev. A three-judge panel with the U.S. Court of Appeals for the District of Columbia ruled Friday, July 19, 2019, that state and federal programs ensure mining companies take financial responsibility for their pollution. (Adella Harding/The Daily Free Press via AP, File)
July 19, 2019 - 6:54 pm
BILLINGS, Mont. (AP) — A U.S. appeals court panel sided with the Trump administration Friday in a mining pollution dispute, ruling that state and federal programs already in place ensure that companies take financial responsibility for future cleanups. The ruling came after the administration was...
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July 19, 2019 - 8:44 am
NEW YORK (AP) — American Express posted a 9% gain in second-quarter profits on Friday, helped by more of its cardmembers carrying a credit card balance and increased spending on its namesake cards. The New York company said it earned a profit of $1.76 billion, or $2.07 a share. That's up from...
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A Chinese man monitors stock prices at a brokerage in Beijing on Friday, July 19, 2019. Asian shares rebounded Friday on hopes for progress in trade talks between China and the U.S., extending overnight gains on Wall Street. (AP Photo/Ng Han Guan)
July 19, 2019 - 7:06 am
BANGKOK (AP) — The price of oil rose on Friday after the U.S. said it had destroyed an Iranian drone near the Persian Gulf, where a lot of the world's oil is shipped through. Stock markets were largely stable as investors monitor earnings and the ongoing trade talks between China and the U.S...
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FILE - In this March 14, 2019, file photo, a worker walks next to a Boeing 737 MAX 8 airplane parked at Boeing Field in Seattle. Boeing said Thursday, July 18, it will take a $4.9 billion charge to cover possible compensation to airlines whose Max jets remain grounded after two deadly accidents. (AP Photo/Ted S. Warren, File)
July 18, 2019 - 7:16 pm
DALLAS (AP) — Boeing said Thursday it is booking a $4.9 billion charge to cover possible compensation to airlines that have canceled thousands of flights since the 737 Max jet was grounded after two deadly accidents. The airplane builder also said the Max-related fallout will cut $5.6 billion from...
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FILE - In this July 31, 2018, file photo a Union Pacific train travels through Union, Neb. Union Pacific Corp. reports earnings Thursday, July 18, 2019. (AP Photo/Nati Harnik, File)
July 18, 2019 - 1:33 pm
OMAHA, Neb. (AP) — Union Pacific Corp. delivered 4% more profit in the second quarter even though it hauled less freight because it cut its expenses by 7%. The Omaha, Nebraska-based railroad said Thursday it earned $1.57 billion, or $2.22 per share, in the quarter. That's up from $1.51 billion, or...
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FILE - In this June 19, 2019, file photo trader Steven Kaplan, right, works on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EDT on Thursday, July 18. (AP Photo/Richard Drew, File)
July 18, 2019 - 10:26 am
NEW YORK (AP) — U.S. stocks moved lower in early trading on Wall Street Thursday after Netflix reported a slump in new subscribers and dragged down communications companies. The streaming video service plunged after subscriber additions fell far below Wall Street forecasts during its April-June...
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In this Monday, July 15, 2019 photo a customer departs a Bank of America ATM, in Norwood, Mass. Bank of America Corp. reports earnings Wednesday, July 17. (AP Photo/Steven Senne)
July 17, 2019 - 7:58 am
NEW YORK (AP) — Bank of America's second-quarter profits rose by 8% from a year earlier, the company said Wednesday, as the consumer banking giant has benefitted greatly from the rise in interest rates as well as consumers and businesses more willing to borrow. The bank earned $7.35 billion, or 74...
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People walk by an electronic stock board of a securities firm in Tokyo, Wednesday, July 17, 2019. Asian stocks were mixed Wednesday as Wall Street ended a five-day winning streak after the first big round of corporate earnings reports. (AP Photo/Koji Sasahara)
July 17, 2019 - 4:41 am
TOKYO (AP) — Global stocks were mostly lower Wednesday after Wall Street ended a five-day winning streak following disappointing corporate earnings reports. France's CAC 40 fell nearly 0.1% in early trading to 21,469.18, while Germany's DAX was little changed but slightly lower at 12,427.90...
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