The president's threat to shut down the government over $1.6 billion for a border wall limits his options and will mostly harm him.Read More »
Poor Lowe's Cos. Inc. (LOW) . While Home Depot Inc. (HD) is riding high on the continued recovery of the housing market, Lowe's had no such luck lately. It reported second-quarter earnings on Wednesday, Aug. 23, that fell below analysts' estimates. The home-improvement company reported earnings of $1.57 a share in the quarter ended on Aug. 4, quite below forecasts that called for profit of $1.61 to $1.64 a share. Revenue of $19.5 billion also fell short of estimates, but reflected a 6.8% increase from the same period last year. The one silver lining for Lowe's this quarter was same-store sales, which rose 4.5% and exceeded Wall Street forecasts. "While our results were below our expectations
COLUMBUS, Ohio (AP) _ Express Inc. (EXPR) on Wednesday reported a fiscal second-quarter loss of $11.8 million, after reporting a profit in the same period a year earlier. The Columbus, Ohio-based company said it had
By Heather Somerville SAN FRANCISCO (Reuters) - Uber Technologies Inc [UBER.UL] narrowed its losses in the second quarter by 9 percent and boosted its ride bookings, the company said on Wednesday, but is still a long way from profitable. Uber said its net loss was $645 million, down from $708 million in the first quarter and $991 million in the fourth quarter of last year. The steady shrinking of losses signals Uber's efforts to reign in its massive spending on subsidies and other competitive tactics and it battles rivals in tough markets like South Asia.