Financial performance

This Wednesday, July 17, 2019 photo shows American Airlines planes at Phoenix Sky Harbor International Airport in Phoenix. American Airlines, Inc. reports earnings Thursday, July 25. (AP Photo/Ross D. Franklin)
July 25, 2019 - 11:10 am
FORT WORTH, Texas (AP) — American Airlines said Thursday that the long grounding of Boeing 737 Max jets will cut its pretax earnings for 2019 by about $400 million, including $175 million in the second quarter. The new estimate of damage from the Max grounding is $50 million more than American's...
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Nissan CEO Hiroto Saikawa speaks during a news conference at the global headquarters Thursday, July 25, 2019, in Yokohama, west of Tokyo. Nissan says it is slashing 12,500 jobs or about 9% of its global workforce in an effort to cut costs and achieve a turnaround, as its profits tumble. (AP Photo/Jae C. Hong)
July 25, 2019 - 5:07 am
TOKYO (AP) — Nissan is slashing 12,500 jobs or about 9% of its global workforce to cut costs and achieve a turnaround amid tumbling profits, the Japanese automaker said Thursday. Nissan Motor Co. also said it will cut global production capacity by 10% and reduce model lineups by at least 10% by the...
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July 25, 2019 - 3:15 am
FRANKFURT, Germany (AP) — Volkswagen says after-tax profit rose by 24% in the second quarter as the company managed to increase its share in contracting markets, and as more-profitable vehicles took a bigger role in the sales mix. Net profits rose to 4.11 billion euros ($4.58 billion) from 3.31...
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FILE - This Nov. 15, 2018, aerial file photo shows the remains of residences leveled by the Camp wildfire in Paradise, Calif. A group of insurance companies are offering a plan to take over Pacific Gas & Electric, the latest to offer competing proposals to pay the utility's wildfire liabilities and pull it out of bankruptcy. In court filings Tuesday, July 23, 2019, the insurers said PG&E Corp. owes them more than $20 billion in claims paid to victims of recent California wildfires caused by PG&E equipment and offered a "viable path" to emerge from bankruptcy. (AP Photo/Noah Berger, File)
July 24, 2019 - 7:40 pm
SAN FRANCISCO (AP) — A federal judge agreed Wednesday to give California officials two weeks to sort out competing proposals to seize control of Pacific Gas & Electric and pull the utility out of a bankruptcy tied to billions in wildfire claims. U.S. Bankruptcy Judge Dennis Montali's decision...
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FILE - In this April 10, 2019, file photo a Boeing 737 MAX 8 airplane being built for India-based Jet Airways, top, lands following a test flight, Wednesday, April 10, 2019, at Boeing Field in Seattle. Boeing Co. reports earning on Wednesday, July 24, 2019. (AP Photo/Ted S. Warren, File)
July 24, 2019 - 3:52 pm
DALLAS (AP) — Boeing's CEO says the company will consider temporarily shutting down production of the 737 Max if the plane's return is significantly delayed beyond the company's October forecast. The comment by Chairman and CEO Dennis Muilenburg underscores the uncertainty swirling around the...
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In this May 8, 2019 photo, a Caterpillar 279D Compact Track Loader sits at a demolition site in Fort Lauderdale, Fla. Caterpillar Inc. reports earning on Wednesday, July 24, 2019. (AP Photo/Wilfredo Lee)
July 24, 2019 - 1:11 pm
DEERFIELD, Ill. (AP) — Caterpillar posted higher earnings per share and revenue in the second quarter but still missed estimates as the energy sector cools. The construction equipment company on Wednesday reported earnings of $1.62 billion, or $2.83 per share. A year earlier it earned $1.71 billion...
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This Wednesday, July 17, 2019 photo shows UPS shipping labels ready for use in Phoenix. United Parcel Service Inc. reports earnings Wednesday, July 24. (AP Photo/Ross D. Franklin)
July 24, 2019 - 7:33 am
ATLANTA (AP) — UPS is reporting strong quarterly profits and revenue with demand for next day delivery soaring. The Atlanta package delivery service on Wednesday posted second-quarter net income of $1.69 billion, or $1.94 per share. Earnings, adjusted for non-recurring costs, were $1.96 per share,...
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FILE - In this Tuesday, Oct. 2, 2018 file photo, Ola Kallenius, member of the Board of Management of Daimler AG. Group Research & Mercedes-Benz Cars Development, speaks to the media during a media preview at the Auto show in Paris. Daimler AG, the maker of Mercedes-Benz luxury cars, says it lost 1.2 billion euros ($1.3 billion) in the second quarter as the company booked 4.2 billion euros in one-time charges for troubles with diesel vehicles and air bag recalls. The quarterly loss reported Wednesday was the company's first since 2009 and a bumpy start for new CEO Ola Kallenius, who took over from Dieter Zetsche on May 22 and since then has had to issue two profit warnings. (AP Photo/Thibault Camus, File)
July 24, 2019 - 5:21 am
FRANKFURT, Germany (AP) — Daimler AG, the maker of Mercedes-Benz luxury cars, says it lost 1.2 billion euros ($1.3 billion) in the second quarter as the company booked 4.2 billion euros in one-time charges for troubles with diesel vehicles and air bag recalls. The quarterly loss reported Wednesday...
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FILE - In this Monday, July, 8, 2019 file photo, a Deutsche Bank sign is seen on the outside of their building in London. Deutsche Bank releases second-quarter earnings on Wednesday, July 24. (AP Photo/Natasha Livingstone, file)
July 24, 2019 - 4:52 am
FRANKFURT, Germany (AP) — Deutsche Bank says it lost 3.1 billion euros ($3.45 billion) in the second quarter as it booked heavy charges for its sweeping restructuring that will lead to the loss of 18,000 jobs by 2022. The German bank said Wednesday that without the charges it would have made a net...
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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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