Ford Motor Co. said fourth-quarter net income plummeted to $52 million from $3 billion a year ago, as a $700 million charge related to removing Venezuela from consolidated earnings dragged results down.
Shares of Alibaba sunk more than 8% in pre-market trading after the e-commerce giant reported revenue for the December quarter that missed Wall Street estimates.
After months of lackluster results, McDonald's board has named a new CEO. Steve Easterbrook, 48, the company's chief brand officer, will replace Don Thompson, 51, the current CEO and a 25-year McDonald's veteran, effective March 1. Thompson also ...
SAN FRANCISCO - The biggest threat to market-leading tech giants is a rapid change in the technology underlying their most important markets.
More bad news for oil industry workers and suppliers: Royal Dutch Shell has joined the ranks of energy companies who are slashing their spending.