Mattel reports surprise loss for holiday period, shares sink
(Reuters) – Mattel Inc reported a surprise loss for the holiday quarter on Thursday, as the toy maker faced weak demand for key brands including Fisher-Price and as the effect of the collapse of Toys “R” Us lingered.
More retailer forecasts will prevent UPS peak shopping season bottlenecks: CEO
(Reuters) – Getting more of its major retailer customers to share data on their holiday shipping needs will prevent a repeat of last year’s parcel delivery bottleneck, United Parcel Service Inc’s Chief Executive told Reuters.
Strong iPhone prices buoy Apple shares after muted revenue forecast
(Reuters) – Apple Inc on Thursday gave a disappointing revenue and profit forecast for the first three months of 2018 and its sales of iPhones over the holiday quarter missed Wall Street’s expectations, deepening concerns that enthusiasm for the iPhone…
Wall St. shares forfeit early gains as bond yields rise
(Reuters) – Wall Street stocks gave up early gains on Thursday as bond yields rose and technology stocks retreated ahead of a host of high-profile earnings.
Visa profit beats on higher holiday season volumes
(Reuters) – Visa Inc reported a better-than-expected quarterly profit on Thursday, joining smaller rival Mastercard, as a solid holiday shopping season boosted transactions on its payment network.
Alphabet’s earnings miss profit estimates as spending grows
(Reuters) – Google parent Alphabet Inc missed quarterly profit forecasts as steady ad sales growth was offset by increased spending to promote its consumer gadgets, YouTube video app and cloud computing services, the U.S. technology company said on Thu…
Amazon’s results beat estimates on holiday season boost
(Reuters) – Amazon.com Inc on Thursday said its sales surged over the winter holiday season and profit topped expectations, as the online retailer drew millions of new customers to its Prime fast-shipping club and as changes to U.S. tax law added to it…
CBS, Viacom form special committees to explore merger
(Reuters) – CBS Corp and Viacom Inc have formed special committees to explore a merger, the companies said on Thursday, the first step in potentially reuniting the companies split by media mogul Sumner Redstone more than a decade ago.
Toy maker Mattel’s holiday sales miss Wall Street forecasts, shares dip
(Reuters) – Mattel Inc’s sales fell short of Wall Street forecasts in the crucial holiday quarter, as the toy maker faced weak demand for key brands including Fisher-Price and as the effect of the collapse of Toys “R” Us lingered.
Wall St. gains fade as bond yields climb
NEW YORK (Reuters) – Gains on Wall Street faded on Thursday, with the S&P closing slightly lower as bond yields rose and technology stocks retreated ahead of a host of high-profile earnings.
