What if activist shareholders pressed companies not to cut costs, but to invest more, with an eye on long-term progress instead of short-term gains? Now that would be different, writes Dennis Berman.
AT&T Inc. added 854,000 of the wireless industry’s core customers in the last three months of the year, as profits and customer retention showed signs of strain from the heightened competition.
Electronic Arts swung to a profit on stronger than expected revenue in the holiday quarter, as more consumers snapped up software for discounted videogame consoles and downloaded more digital content.
Swedish clothing retailer Hennes & Mauritz reported a stronger-than-expected rise in net profit for the fourth quarter, and said that it plans to open 400 new stores in 2015.
Alibaba is embroiled in a public dispute with a Chinese government agency over fake goods sales on its e-commerce platforms, highlighting one of the risks for a company that last year raised $25 billion in the world’s largest IPO.
General Dynamics Corp.’s revenue and profit grew in its fourth quarter as the company’s backlog also surged compared with a year ago.
Brazilian entrepreneur Eike Batista resigned from his post as the chairman of the oil company he founded.
South African energy and chemicals giant Sasol said it is reconsidering investment plans for a giant gas-to-liquids plant slated for Louisiana and costing as much as $14 billion.
Textron Inc. gave a muted outlook for 2015 as the company’s Bell helicopter business continues to struggle with tepid demand.
Praxair Inc. said its earnings dropped as weak macroeconomic conditions, especially in Europe, and the strong dollar pressured fourth-quarter results.