Kroger Co. on Thursday reported bumper quarterly results and forecast annual profit above Wall Street estimates, as the U.S. grocer bets on higher food prices and embarks on cost-cutting measures across its digital business and supply chain. The supermarket chain’s shares rose 3 percent as the outlook took Wall Street by surprise, after a string…
Chevron Annual Profit Hits Record but Q4 Miss Hits Shares
HOUSTON—Chevron Corp. on Friday posted a record $36.5 billion profit for 2022 that was more than double year-earlier earnings, but the bottom line fell shy of Wall Street estimates, undercut by asset writedowns and rising costs. The second largest U.S. oil producer’s adjusted net profit for 2022 exceeded its previous record set in 2011 by…
Twitter Offers New Annual Plan for Subscription Service
Twitter Inc. said on Wednesday it was offering an annual plan for its subscription service called Twitter Blue, which includes its sought-after “verified” badge, at a discount to its monthly price. Users can subscribe to the service for an annual price of $84, instead of a monthly subscription price of $8 on the web and…
Golden Globe Noms Led by ‘Banshees,’ ‘Everything Everywhere’
NEW YORK—After scandal and boycott plunged the Hollywood Foreign Press Association into disarray and knocked its annual award show off television for a year, the Golden Globes geared up Monday for its return by showering nominations on the black comedy “The Banshees of Inisherin” and the multiverse mash-up “Everything Everywhere all at Once.” Nominations were…
Golden Globes Announce Nominations
NEW YORK—After scandal and boycott plunged the Hollywood Foreign Press Association (HFPA) into disarray and knocked its annual award show off television for a year, the Golden Globes geared up Monday for its return by showering nominations on the black comedy “The Banshees of Inisherin” and the multiverse mash-up “Everything Everywhere all at Once.” In…
Boeing Wins Annual Jet Order Race on Adjusted Basis
SEATTLE—Boeing Co. won the annual jet order race against European rival Airbus SE on an underlying basis but lagged on deliveries as it continues to haul itself slowly out of a succession of crises, new data showed on Tuesday. The U.S. planemaker said it ended 2021 with 535 net orders after cancellations and conversions that…
SpaceX Launches 2 Missions Within 15 Hours and Shatters Previous Annual Launch Record
Tesla Inc. CEO Elon Musk-led SpaceX said it had completed two back-to-back Falcon 9 missions over the weekend, taking about 15 hours for two separate missions. It has also broken its annual launch record from a year ago. What Happened The space company run by the billionaire entrepreneur completed its thirtieth launch on Sunday, compared with 26…
StanChart Flags Flat Annual Income Despite Strong Q3 Profit; Shares Drop
LONDON—Standard Chartered forecast flat income for the full year amid “uneven” economic recovery from the pandemic, even as it turned in a stronger-than-expected quarterly pre-tax profit, sending its shares lower on Tuesday. CEO Bill Winters, who has won plaudits from investors for repairing the balance sheet and slashing thousands of jobs since taking the top…
Honda Targets Annual Sales of 70,000 Prologue Electric Vehicles in US From 2024
September 20, 2021
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WASHINGTON—Honda Motor Co.’s U.S. unit said on Monday it is targeting initial annual sales of 70,000 for its planned electric Prologue sport utility vehicle when it goes to market in 2024. Honda plans to add additional electric vehicle models as it aims to have sold a total of 500,000 electric vehicles in the United States…
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