The decline over the first three months of 2022 was primarily the result of the short-term costs of job cuts and slower sales in China.
Tag: Company Reports
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Financial Challenges ‘Clobber’ New York City’s Office Landlords
Remote work and rising interest rates are dealing a double blow to office landlords, with potentially grave consequences for the city and even national economy.
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First Republic Bank Lost $102 Billion in Customer Deposits
The regional bank received a $30 billion lifeline from big banks last month, but depositors and investors remain worried about its prospects.
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Regional U.S. Banks Say the Crisis Is Contained but Fears Persist
In recent calls with investors, regional bank leaders tried to cast the turmoil in the industry spurred by the collapse of Silicon Valley Bank as a moment that has passed.
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Netflix Will End Its DVD Service, 5.2 Billion Discs Later
Sending movies through the mail, in recognizable red-and-white envelopes, helped the company become a behemoth in Hollywood.