Harley-Davidson Inc. said Wednesday that its first-quarter profit jumped 44 percent, as improving economic conditions boosted U.S. sales of its famous motorcycles. The results beat Wall Street expectations and the company boosted its forecast for shipments for the year. Harley shares climbed $2.40, or 4.8 percent, to $52.76 in late morning trading, after peaking at [...] [...]
Many retailers delivered solid sales gains for December, but heavy discounts needed to get shoppers to buy exacted a high price, clouding the holiday shopping season. Merchants had to mark down coats and other gifts to get shoppers to buy in a challenging economy. A mild start to winter also didn’t help, wilting shoppers’ appetite [...] [...]
Ramtron International, based in Colorado Springs, posted a 58 percent increase in revenue compared to the first quarter of this year. The increase in second-quarter revenue was due to more support from the company’s Texas wafer source, assembly and test subcontractor, which allowed the company to start shipping its products in greater volume. However, the [...] [...]
The six largest investor-owned health insurance companies are on pace to post record profits this year. All six saw 22 percent increase in combined net income during the third quarter of 2010, according to figures complied by Health Care for American Now, a lobbying group in favor of health care reform. SEC filings show the [...] [...]
Qwest Communications International Inc., which recently agreed to be acquired by a smaller phone company, on Wednesday said its first-quarter earnings tumbled 82 percent due to one-time tax charges. Its revenue fell 6.5 percent as customers continued to cancel land lines. Qwest, the country’s third-largest local phone company, said it earned $38 million, or 2 [...] [...]
When the recession reached its peak during 2008, Starbucks was caught off guard. Fourth quarter sales plummeted for the year, and profits fell 97 percent as Americans opted for cheaper java options. A year later, however, it’s a different story. The company not only tripled its year-over-year profits during fourth quarter 2009, but plans to [...] [...]
Retailers could experience a reversal of fortune this year as The National Retail Federation expects U.S. retail sales to jump 2.5 percent during 2010. Economic improvement, including an improving housing market and declining unemployment, will bolster consumer confidence throughout the year according to the NRF’s bi-monthly Retail Sales Outlook. The news comes as a welcome [...] [...]
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