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Wal-Mart plans $15B more in stock buybacks
FAYETTEVILLE, Ark. — Wal-Mart‘s biggest news at its annual meeting on Friday was that the world’s largest retailer will repurchase up to $15 billion of its shares at a time […]
Choice Hotels completes move of HQ
In a ribbon-cutting ceremony attended by state and local public officials, economic development leaders, community representatives and employees, Choice Hotels International Inc., one of the world’s largest hotel companies, acknowledged the completion of its move of its new global headquarters to downtown Rockville.
JoS. A. Bank 1Q profit falls but meets Street’s view
Cool weather and lower selling prices stung JoS. A. Bank Clothiers Inc. in its fiscal first-quarter, with net income dropping 45 percent. But the performance matched Wall Street’s view. President […]
McDonald’s CEO: I lost weight by being more active
NEW YORK — They might start calling it the McDiet. McDonald Corp.’s CEO Don Thompson revealed at an analyst conference this week that he shed about 20 pounds in the […]
Banks report record earnings of $40.3B for Q1
WASHINGTON — U.S. banks earned more from January through March than during any quarter on record, buoyed by greater income from fees and fewer losses from bad loans. The banking […]
Tiffany 1Q results rise, tops expectations
NEW YORK — Tiffany & Co. reported a 3 percent increase in first-quarter net income, fueled by solid sales improvement across the regions, particularly in Asia. The results, announced Tuesday, […]
Gap back in style as 1Q profit jumps 43 percent
NEW YORK — After years of struggle, Gap is back in style. Gap Inc., which owns The Gap, Old Navy and Banana Republic clothing chains, on Thursday reported a 43 […]
Dell’s 1Q earnings fall 79 pct as PC sales sag
ROUND ROCK, Texas — Dell’s first-quarter earnings plunged 79 percent as the shift to smartphones and tablets reduced demand for the company’s personal computers. The dismal performance announced Thursday actually […]
Columbia-based Fortress International narrows loss
Fortress International Group Inc., of Columbia, a provider of consulting and engineering, construction management and site services for mission-critical facilities, cut its first-quarter loss to $23,000, or zero cents per diluted share, from 2012’s loss of $1.3 million, or 9 cents per diluted share, in the year-ago period.
Airlines lose $552 million in 1Q, better than ’12
NEW YORK — U.S. airlines say they improved their financial performance in the first quarter, although they still lost money in what is traditionally the year’s toughest travel period. The […]
Wal-Mart’s 1Q profit, sales disappoint
NEW YORK — The first few months of the year were tough for Wal-Mart Stores Inc. The world’s largest retailer reported Thursday that its first-quarter profit edged up just slightly, […]
Synthetic Biologics reports larger loss
Synthetic Biologics Inc., of Rockville, which develops and commercializes medicines for the treatment of serious infectious diseases, reported its first-quarter net loss totaled $2.2 million, or 5 cents per diluted share, compared with a net loss of $1.2 million, or 4 cents per diluted share, for the year-ago period.
