GameStop’s stock jumps after upbeat holiday sales report

Shares of GameStop Corp. GME, +0.57% jumped 1.6% in premarket trade Friday, after the video game seller reported an increase in holiday-period same-store sales and affirmed its full-year profit outlook. Net sales for the nine-weeks ended Jan. 5 fell 5% from the same period a year ago. The FactSet sales consensus for the fiscal fourth quarter, which ends January, of […]

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Regions Financial profit, sales miss views

Regions Financial Corp. RF, +1.36% reported profit rose 21.2% in its fourth quarter on growth in loans and noninterest income. For the period ended Dec. 31, the Birmingham, Ala., bank said profit was $406 million, or 37 cents a share, compared with $335 million, or 27 cents a share, a year earlier. Analysts polled by Refinitiv were expecting the company […]

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Telecom Italia warns of lower 2018 earnings

Telecom Italia SpA (TIT.MI) said Friday that 2018 earnings from its domestic business unit are expected to be lower than in 2017, based on preliminary figures. Organic earnings before interest, taxes, depreciation and amortization for 2018 should be a mid-single digit lower than in the year-earlier period, the Italian telecom group said. Net debt should be around 25.2 billion euros […]

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Tesla recalls more than 14,000 cars in China over Takata airbags

The affected vehicles in China are Model S cars made between February 2014 and December 2016. Electric-vehicle maker Tesla will recall 14,123 cars in China over airbags that contained a part made by now-defunct Japanese manufacturer Takata, the Chinese market regulator announced on Friday. The US giant has already announced the recall of some Model S vehicles as part of […]

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Apple supplier Nidec slashes profit forecast on weak demand from China

TOKYO — Nidec Corp. 6594, -2.74% , a bellwether for the global economy as a supplier of components for Apple Inc. AAPL, +0.59%  smartphones and other consumer products, slashed its earnings forecast and blamed the U.S.-China trade conflict for a sharp slowdown in Chinese demand. “I’ve been a manager for almost half a century, but this is the first time I’ve […]

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Big 5 banks had a tough time trading in volatile markets

When the going gets tough on Wall Street, brokers can lose money too, just like their customers. There’s a scene in the classic 1983 movie “Trading Places,” in which the Duke brothers, played by Ralph Bellamy and Don Ameche, explain to Eddie Murphy’s character Billy Ray Valentine that whether their clients make money or lose money, their brokerage Duke & […]

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Netflix stock falls after earnings

Netflix Inc. NFLX, +0.51% reported earnings that beat expectations Thursday afternoon, three days after the company confirmed that it plans the largest subscription-price increase in the history of its standalone streaming service. Netflix reported that it added 8.8 million new paid streaming subscribers in the fourth quarter. Analysts on average expected Netflix to report about 7.5 million new subscribers on […]

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Driven by fentanyl, overdose deaths in NYC reached record levels in 2017

New York saw its highest number of overdose deaths in 2017, largely driven by overdoses involving fentanyl, according to a report by the New York City Department of Health and Mental Hygiene that was published Thursday. There were 1,487 overdose deaths in NYC in 2017, the report said, the highest number of overdose deaths since the city began tracking them […]

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