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    • Breaking News
    Feb 1, 2023
    • FedEx announced its plan to cut its officers and director staff by more than 10% and consolidate some teams and functions.
      • Jan 31, 2023
      • Advanced Micro Devices said the company swung to a quarterly loss in the fourth quarter on $1.4 billion amortization charge for intangibles linked to Xilinx acquisition.
        • PayPal Inc said it plans to lay off 2,000 or about 7% of its staff amid rising economic uncertainties.
          • Match Group said fourth quarter revenue declined 2% to $786 million and swung to a net income of $84.5 million from $168.7 million and diluted EPS was 31 cents from 60 cents a loss.
            • Match Group said Tinder direct revenue was flat over the prior year quarter with a 3% increase in paying subscribers to 10.8 million and fell 1% to 16.1 million across all sites.
              • Moody's Corp said revenue in the fourth quarter fell 16% to $1.3 billion and net income plunged 71% to $246 million and diluted EPS dropped to $1.34 from $2.28 a year ago.
                • Moody's Corp board increased quarterly dividend by 10% to 77 cents a share payable to shareholders on record February 24 on March 17.
                  • 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.
                    • 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.
                      • McDonald's said fourth quarter sales declined 1% to $5.9 billion and net income increased 16% to $1.6 billion and diluted earnings per share rose to $2.59 from $2.18 a year ago.