Grocery store chain Safeway Inc. said its profit fell in the second quarter on one-time costs partly related to a deal to sell its Canadian operations.
Lower expenses and fewer bad loans helped lift Wells Fargo’s second-quarter profit by 20 percent, the company reported Friday.
Chevron says net income rose 41 percent in the fourth quarter as the company produced more oil and gas, improved performance of its refinery business and realized a gain from swapping assets in an Australian natural gas field.
CNET Editor-at-Large Brian Cooley looks at why Apple and Samsung accounted for 95 percent of profits in the fourth quarter for the smartphone market.
Safeway Inc.’s fiscal third-quarter profit rose 6 percent as the grocery chain generated stronger revenue from gasoline sales and cost control efforts. Its shares rose more than 4 percent in premarket trading.
DEARBORN, Mich. (AP) _ Ford Motor Co. posted a strong second-quarter profit Friday, but trimmed its U.S. sales forecast and predicted weaker results in the second half as the economy slowly recovers.