FedEx Loses $2 billion, Warns Of Headwinds In Coming YearThe company announced this month that it would not renew an airfreight-delivery contract with Amazon that expires June 30. It did not disclose the value of that work, but said Amazon accounted for less than 1.3% of its revenue in 2018.
Tesla Posts Surprisingly Large 1Q Loss As Sales Slump 31%Tesla has lost more than $6 billion since setting out to revolutionize the auto industry 15 years ago, but Musk foresees a profitable future fueled in part by a ride-hailing service made up of electric cars driven by robots.
AT&T Shares Slump As More TV Customers LeaveAT&T Inc., which owns DirecTV, said it lost 627,000 video customers in the January-March quarter. Its DirecTV Now streaming service, a cable alternative launched in 2016, lost customers for the second quarter in a row as the company ends deep discounts for the service.
J.C. Penney Plunges Amid Weak Results, Loss ForecastThe Plano, Texas-based company said it had a loss of 32 cents per share, or well short of Wall Street expectations.
6 Of The Most Devastating Team USA Losses In HistoryYou win some and you lose some, but these losses hurt and they hurt bad. And let's be honest, Sunday's match against Portugal felt like a defeat ...
Shareholder Sues Groupon Over Loss Reporting ScandalAnother Groupon shareholder has filed a lawsuit against the Chicago-based daily deal Web site company.
Michigan Asparagus Crop Taking Severe Hit Due To WeatherMichigan asparagus farmers stand to lose between 20 and 25 percent of their crop because an overnight frost followed warm weather which caused the spears to sprout a month early.
Northwest Indiana Beekeepers Take A HitAs concern grows about the disappearance of honeybees around the world, new reports say the conditions this past winter made the crisis even worse.