Blue Apron cuts 6 percent of its workforce
(Reuters) – Blue Apron Holdings Inc said it had cut about 6 percent of its total workforce, nearly four months after going public, as the meal-kit delivery company comes under increasing pressure from deep-pocketed rivals such as Amazon.com Inc .
EBay’s profit forecast disappoints, shares fall
(Reuters) – EBay Inc warned Wall Street on Wednesday that profit this quarter could fall below analysts’ estimates as it invests in marketing and a revamped website to attract more shoppers, sending shares down more than 5 percent in after-hours trade….
Rail operator CSX reduces locomotives in maintenance program
(Reuters) – CSX Corp , the No. 3 U.S. railroad operator, will slash the number of locomotives served by a long-term maintenance agreement, a move that cuts service bills under the agreement by some $3.3 billion, company filings showed on Wednesday.
United Airlines profit falls, sees margin decline this quarter
(Reuters) – United Airlines on Wednesday said its third-quarter net income fell slightly less than investors had feared as the third-largest U.S. carrier was hit by $185 million in pre-tax losses caused by canceled flights during the Atlantic hurrican…
Kenneth Chenault to step down as AmEx CEO next year
(Reuters) – American Express Co said Kenneth Chenault will step down as chief executive early next year, ending a nearly 17-year tenure at the helm of the No.1 U.S. card issuer by spending.
Dow closes above 23,000 for first time; IBM soars
NEW YORK (Reuters) – The Dow Jones Industrial Average closed above 23,000 for the first time on Wednesday, driven by a jump in IBM after it hinted at a return to revenue growth.
United Airlines profit falls less than Wall St. feared after storms
(Reuters) – United Airlines on Wednesday said its third-quarter net income fell slightly less than investors had feared as the third-largest U.S. carrier was hit by $185 million in pretax losses caused by canceled flights during the Atlantic hurricane…
EBay’s adjusted profit forecast disappoints, shares fall
(Reuters) – EBay Inc forecast current-quarter adjusted profit that was largely below analysts’ estimates as the company continues to ramp up spending to tweak its e-commerce platforms.
EBay reports 8.7 percent rise in quarterly revenue
(Reuters) – EBay Inc reported an 8.7 percent increase in quarterly revenue on Wednesday as revamps to its e-commerce platforms helped attract more customers.
AmEx profit rises 19 percent on loan growth
(Reuters) – Credit card issuer American Express Co reported about 19 percent jump in quarterly profit as higher billings and loan growth helped offset a jump in costs.
