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Building products maker USG Corp. reported a smaller fourth-quarter loss than it had a year ago and said it thinks the worst of the economic downturn is behind the company.
The Chicago-based company, the largest U.S. distributor of drywall, on Wednesday said it lost $121 million, or $1.17 a share in the fourth quarter. That compares with a year-ago quarterly loss of $598 million, or $6.02 a share. Get the full story »
Exelon Corp.’s fourth-quarter profitability beat Wall Street estimates, as the Chicago-based utility company reported Wednesday that it earned $631 million, or 96 cents a share during the quarter, compared with $610 million, or 92 cents in the year-ago period. Get the full story »
United Continental Holdings Inc. Wednesday posted a wider quarterly net loss on expenses tied to last year’s merger of UAL Corp. and Continental Airlines, but excluding items the company made a profit.
The parent of United Airlines reported a fourth-quarter net loss of $325 million, or $1.01 per share, compared with a loss of $266 million, or 85 cents per share, a year earlier. Get the full story »
Shares of Navistar International Corp. rose in early trading Tuesday, after the truck and bus manufacturer said it sees a stronger economy ahead and raised its fiscal 2011 earnings guidance. Get the full story »
PrivateBancorp Inc.’s quarterly profit beat analysts’ estimates as its loan loss provisions halved and the lender expects to reduce its exposure to toxic commercial real estate loans this year.
The bank’s shares rose as much as 7 percent, to a high of $16.09, Tuesday morning on the Nasdaq. They pared some of the gains to close up 1.2 percent, at $15.19, at nearly three times the usual volume. Get the full story »
Barron’s | Tellabs’ shares dropped 19 percent Tuesday on fourth quarter earnings that came up short, a forecast for continued weakness in the first quarter and a stock downgrade amid intense competition in the telecommunications sector.
Yahoo Inc.’s quarterly net revenue fell 4 percent and it forecast a further slide this quarter as it struggles to revive growth in the face of intense competition from Google and Facebook.
Yahoo shares were down 4.4 percent, at $15.39, in extended trading Tuesday. Get the full story »
Johnson & Johnson’s revenue has slumped for a second straight year, prompting its chief executive to make an extraordinary pitch to soothe investors and defend the company’s handling of 17 costly recalls.
The health care giant, hammered by the weak global economy, growing pricing pressures and recalls that have kept many popular nonprescription medicines off store shelves, reported Tuesday a 12 percent profit decline and a 5.5 percent drop in sales for the fourth quarter. Get the full story »
Selling products used to help clean up oil spills enabled Chicago-based W.W. Grainger Inc. to report a double-digit sales gain and a 36 percent increase in fourth-quarter net earnings, the company said Tuesday. Get the full story »
American Express Co. said fourth-quarter revenue grew 13 percent from a year earlier, as consumer spending increased and the company earned more from fees.
The credit card lender and payment network Monday reported $7.3 billion of quarterly revenue net of interest expense, up from $6.5 billion a year earlier. Get the full story »
OMG. That’s what Wintrust Financial Corp. Chief Executive Ed Wehmer, whose Lake Forest-based company is the first locally headquartered mid-sized bank to repay its bailout money to the U.S. Treasury Department, says he has said when looking at 20 to 25 potential acquisitions recently.
Wintrust hasn’t pulled the trigger on any of them because of their credit problems.
“You get in there, and you go, ‘Oh my God,’” said Wehmer, whose $14 billion-asset company owns 15 banks. Also, the potential acquisition targets didn’t have that great of a franchise, he said. Get the full story »
McDonald’s Corp. will raise prices in the U.S. this year to combat rising commodity costs, the company said in its fourth-quarter earnings call Monday morning.
The Oak Brook-based burger chain estimates that ingredient costs will rise 2 percent to 2.5 percent, with some of those costs passed on to consumers. Get the full story »
General Electric Co., reported better-than-expected earnings, helped by the recovery of its finance arm and a rise in revenue at its industrial units, including a sharp pickup in sales of locomotives.
The world’s biggest maker of electric turbines and jet engines also reported a 12 percent increase in orders, driving its backlog — a key predictor of future sales — to $175 billion. Get the full story »
Bank of America Corp., the largest U.S. bank by assets, reported a second straight quarterly loss, driven by a $2 billion writedown of its mortgage business. Get the full story »
Google Inc. said Thursday that co-founder Larry Page will take charge of day-to-day operations as chief executive starting April 4.
Current CEO Eric Schmidt will become executive chairman. Get the full story »
