Business

Alcoa reports bigger quarterly loss

(Reuters) - Aluminum producer Alcoa Corp reported a bigger quarterly loss on Wednesday, hurt by the closure and divestiture of some smelting assets.

Business

Railroad operator CSX's revenue misses as shipments fall

(Reuters) - CSX Corp reported lower-than-expected revenue for the fourth quarter due to a drop in shipments, but beat Wall Street's earnings targets on better prices and cost controls, capping a tumultuous year for the third-largest U.S. railroad operato

Business

Wells Fargo adds $3.25 billion to consumer legal bill in fourth quarter

(Reuters) - Wells Fargo & Co set aside $3.25 billion in the fourth quarter to cover legal expenses related to probes into its mortgage and sales practices, but its 2018 cost outlook met analyst expectations as the bank tries to rebound from the scandal i

Business

JPMorgan profit beats on higher interest rates; debt trading down

(Reuters) - JPMorgan Chase & Co , the biggest U.S. bank by assets, reported a higher-than-expected quarterly profit on Friday as gains in net interest income offset a slowdown in trading revenue.

Business

Delta sees unit revenue rise as quarterly profit beats

(Reuters) - Delta Air Lines Inc reported better-than-expected profit for the fourth quarter on Thursday after more people flew during the holiday season, offsetting higher costs.

Business

Sears Holdings to close 103 Kmart and Sears stores

CHICAGO (Reuters) - Sears Holdings Corp said on Thursday it was shuttering 103 unprofitable Kmart and Sears stores as it continues to streamline operations amid mounting debt and a string of quarterly losses.

Business

Walgreens quarterly profit falls 22 percent

(Reuters) - Drugstore chain Walgreens Boots Alliance Inc on Thursday reported a 22.1 percent fall in quarterly profit, partly hurt by an impairment charge related to its investment in Chinese wholesale partner Guangzhou Pharmaceuticals [GZPHA.UL].

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