Breaking News
Jan 31, 2023
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Corning said revenue in the Q4 decreased 7% to $3.4 billion and the company swung to a net loss of $36 million from a profit of $287 million and diluted EPS was (0.04) compared to 56 cents a year ago.
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Corning Inc said fourth quarter loss was primarily driven by restructuring charges and non-cash, mark-to-market adjustments associated with the currency hedging contracts and yen denominated debt.
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Germany's real GDP decreased 0.2% on the quarter in the final three months of 2022 from the upwardly revised 0.5% in the third quarter. In 2022, real GDP increased 1.8%.
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Italian wholesale price indexes rose in December to 31.7%, accelerating for the second month in a row from 29.4% in the previous month. On a monthly basis prices rose 2.9% from 2.6% in November.
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Nissan and Renault agreed to limit and neutralize their cross holdings and voting rights to 15% and Renault will transfer 28.4% stake in a French trust but retain economic rights.
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Whirlpool said fourth quarter net sales declined 15.3% to $4.3 billion and swung to a net loss of $1.6 billion from $300 million and diluted EPS was a loss of $29.35 from a profit of $4.90 a year ago.
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U.S. personal Spending decreased 0.2% in December and personal income rose 0.2% from the previous month. Price consumption index rose 5.0% and the core index increased 4.4% from a year ago.
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American Express said fourth quarter revenue rose 17% to $14.2 billion and net income eased to $1.6 billion from $1.7 billion and diluted EPS fell to $2.07 from $2.18 a year ago.
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Chevron said fourth quarter operating revenue increased 19.5% to $55 billion and net income soared 25.5% to $6.4 billion and diluted earnings per share rose to $3.33 from $2.63 in the previous year.
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Southwest Airlines said revenue in the December quarter increased 22% to $6.2 billion and swung to a net loss of $220 million or 37 cents from a profit of $68 million or 11 cents a share.
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