STORRS, Conn. (AP) — The University of Connecticut's athletic department deficit rose to $53 million during the 2022 fiscal year, an increase the school attributed to $13.4 million it was forced to pay former head men's basketball coach Kevin Ollie.
BURBANK, Calif. (AP) — Bob Iger, the enterprising entertainment executive who brought Star Wars, Pixar and Marvel under the Disney marquee and challenged the streaming dominance of Netflix, will replace his handpicked successor, CEO Bob Chapek, whose two-year tenure has been marked by clashes, missteps and a weakening financial performance.
Procter & Gamble exceeded $20 billion in sales during the fiscal first quarter but citing the strong dollar, it said Wednesday that it expects to post its first annual sales decline since 2017.
Kohl’s on Thursday slashed its sales and profit expectations for the year, a result of its stepped up price cutting to shed unwanted merchandise.
The department store chain also cut back on orders ahead of the critical holiday period, spooking investors and sending shares down almost 8%.
REDMOND, Wash. (AP) — Microsoft on Tuesday reported fiscal fourth-quarter profit of $16.7 billion, or $2.23 per share, falling short of analyst expectations for $2.29 per share — a rare disappointment from the tech giant that has consistently beat Wall Street expectations in recent years.
DUBAI, United Arab Emirates (AP) — FlyDubai on Monday reported a $229 million profit last year as the state-owned budget carrier saw its business rebound from the coronavirus pandemic and as regulators allowed it to again fly the Boeing 737 Max.
HELSINKI (AP) — Wireless network maker and 5G technology provider Nokia reported substantially improved second-quarter profit Thursday, citing the help of its new operating model and booming sales of 5G equipment.
INDIANAPOLIS (AP) — A big increase in Hoosier Lottery ticket sales during the COVID-19 pandemic has fueled what officials expect will be a record amount of annual profit going into the state’s bank accounts.
NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Thursday:
Big Tech companies reported mixed quarterly earnings on Thursday, a day after their top executives faced a tough congressional grilling over their market power and alleged monopolistic practices...