Ford Tops First Quarter Profit With Record Results
Ford Motor Co reported 2.5 billion dollars in net income for the first quarter, more than double a year earlier, with record operating profits at 3.8 billion and a 9.8 percent profit margin. CFO Bob Shanks called it the best quarterly performance on record. Icahn exits Apple stake after China concerns. Apple shares fall to 94.81.
MENTIONED IN THIS ARTICLE
FORD
Bob Shanks
Icahn
APPLE
China
Carl Icahn
Core Media Group Files for Bankruptcy Over Idol Woes
Core Media Group the production company behind American Idol and So You Think You Can Dance has sought Chapter 11 protection. It cites declining Idol ratings and $3.37 million owed to Simon Fuller along with about $420 million due to Sony Music Entertainment CBS and other creditors.
MENTIONED IN THIS ARTICLE
Core Media Group
Simon Fuller
Fuller
Core
Sony Music Entertainment
CBS
CEOs resign amid misconduct at top firms
Darren Huston resigned as Priceline chief executive amid conduct concerns. The pattern includes high profile exits over relationships with employees, such as Dov Charney at American Apparel in 2014 for sexual harassment, Stephen MacMillan at Stryker in 2012, and a Boeing executive in 2005 amid an investigation into a consensual relationship.
MENTIONED IN THIS ARTICLE
Darren Huston
Priceline
Dov Charney
American Apparel
Boeing
Priceline Group CEO Darren Huston resigns after in-house probe
Darren Huston steps down effective immediately after an internal investigation found a personal relationship with a fellow employee. Jeffery Boyd becomes interim CEO while Gillian Tans rises to Booking.com CEO. Huston’s resignation not tied to company performance. Priceline notes strong growth under Huston, with market value up 173 percent and profits rising to 3.26 billion in 2015.
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Priceline Group
Darren Huston
Huston
Jeffery Boyd
Gillian Tans
Booking.com
Ating
Leslie Cafferty
Boyd
Priceline.com
Kayak, Booking.com
Agoda.com
Rentalcars.com
OpenTable
Priceline
Amazon earnings lift shares on strong cloud and retail results
Amazon posted a first quarter profit of 513 million dollars and 1.07 dollars per share on 29.1 billion dollars in sales, driven by AWS cloud services and North America e commerce. The company projected 28 to 30.5 billion dollars in next quarter sales and topped analyst forecasts.
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San Francisco
Amazon
Apple
Alphabet
Wall Street
Amazon Web Service
Forrester
Sucharita Mulpuru
S&p
North America
AWS
Google
Microsoft
Comcast to pay 3.8 billion for DreamWorks Animation
NBCUniversal of Comcast announced its acquisition of DreamWorks Animation for about 3.8 billion dollars. DreamWorks stockholders receive 41 dollars per share, with completion targeted by year end 2016. Katzenberg will become DreamWorks New Media chairman and NBCUniversal consultant after stepping down as CEO.
MENTIONED IN THIS ARTICLE
DreamWorks Animation
Jeffrey Katzenberg
Shrek
Comcast
Katzenberg
DreamWorks New Media
Awesomenesstv
Nova
Nbcuniversal
DreamWorks
Steven Spielberg
David Geffen
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Volkswagen
Volkswagen Group
U.S
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An, Getty Images
USA Today
Marketwatch.com
USA
Financial Engines
Jae Yang and
Janet Loehrke
Stephen Macmillan Stryker
Harry Stonecipher
Bram Belloni
Brian Dunn
Best Buy
Mark Hard
Kenneth Melani Highmark
Steven Heyer
Starwood Hotels
Aft
Disney
Fox
SoftBank
Hasbro
S&p Global
Tina Amabi
IMAG
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