Business

GE reports smaller loss, shares rise

General Electric reported a smaller quarterly loss Wednesday on lower revenues and a continued slump in aviation, but said it would be cashflow positive in 2021 following cost-cutting moves.

Business

Baidu revenue up 2% amid cost-cutting drive

Chinese internet giant Baidu reported on Tuesday third-quarter revenues of 32.5 billion yuan ($4.6 billion), representing a year-on-year increase of 2 percent.

Business

Gaming giant Tencent's 2022 annual net profit falls 16%

Chinese gaming giant Tencent's profits fell steeply last year, according to an earnings report released Wednesday, as the country's tech sector weathers a government crackdown and a shaky economy.

Business

United Airlines loses $1.4B in 1Q, but expects profit in 2Q

United Airlines reported Wednesday that it lost $1.38 billion in the first quarter of 2022 but said it expects to return to profitability in the current three-month period as post-pandemic travel ramps back up.

Business

Google/Alphabet sees fresh growth amid antitrust woes

Google parent Alphabet's stock price leapt Thursday after reporting stronger-than-expected results in a quarterly update coming amid growing scrutiny of technology firms by antitrust regulators.

Business

Delta reports profit jump but lowers earnings forecast

Delta Air Lines saw its profits more than double in the fourth quarter last year, helped by strong travel demand, even as it trimmed its earnings expectations for 2024, the US carrier said Friday.

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