Category: Companies

Fox News Ratings Drop 56 Percent After Tucker Carlson’s Exit

In the wake of Tucker Carlson’s sudden departure this week, ratings for Fox News’s new 8 p.m. weekday show appear to be on the decline as viewership again tumbled on Wednesday night. Data published by ratings service Nielsen show that Fox drew some 1.33 million viewers for substitute host Brian Kilmeade and “Fox News Tonight” in…


Fox News Ratings Drops 56 Percent After Tucker Carlson’s Exit

In the wake of Tucker Carlson’s sudden departure this week, ratings for Fox News’s new 8 p.m. weekday show appear to be on the decline as viewership again tumbled on Wednesday night. Data published by ratings service Nielsen show that Fox drew some 1.33 million viewers for substitute host Brian Kilmeade and “Fox News Tonight” in…


Gap Cuts 1,800 Corporate Jobs Amid Sales Slump

Apparel retailer Gap announced on Thursday that it will lay off 1,800 employees as it looks to cut costs amid weak sales and excess inventory. The San Francisco-based chain said in a regulatory filing that employees in its San Francisco and New York offices, as well as upper field positions such as regional store managers, will…


Exxon Delivers Record 1st-Quarter Profit on Higher Output

HOUSTON—Exxon Mobil Corp. on Friday reported a record first-quarter profit that was more than double a year ago and topped Wall Street estimates as rising oil and gas output overcame a pullback in energy prices from high levels. Oil companies are riding a wave of strong demand and cost-cutting tied to efforts to counter COVID-19…


Bill O’Reilly: Fox News Did Tucker Carlson ‘a Favor’ in Firing

Bill O’Reilly predicted Wednesday that Tucker Carlson is going to make a fortune now that he’s able to pursue an independent career without having to answer to a larger corporate structure. O’Reilly, who hosted his own show on Fox News, “The O’Reilly Factor,” until parting ways with the network in 2017, said during an interview with…


Wall Street Opens Lower as Amazon Drags, Inflation Worries Persist

Wall Street’s main indexes opened lower on Friday after Amazon warned about a slowdown in its cloud business, while strong inflation data cemented bets that the Federal Reserve will hike interest rates again next week. The Dow Jones Industrial Average fell 28.73 points, or 0.08 percent, at the open to 33,797.43. The S&P 500 opened…


Chevron Tops Estimates With 1st Quarter Profit Gain Despite Slide in Oil Prices

HOUSTON—Oil major Chevron Corp. beat market expectations on Friday as profit nudged higher in the first quarter, with earnings from refining compensating for slides in energy prices as well as oil and gas production. Net profit climbed 5 percent to $6.57 billion or $3.46 per share. Results beat consensus by 4 percent, according to Refinitiv…


BBC Chairman Resigns After Report Finds He Breached Rules Over Boris Johnson Loan

BBC Chairman Richard Sharp has resigned after being found to have broken the rules by failing to disclose his role in securing an £800,000 loan guarantee for former Prime Minister Boris Johnson. The former Conservative Party donor announced his resignation after a review found that he twice breached the code governing public appointments, risking the…


German Gloom Dampens Stocks as Fed, ECB Meetings Beckon

LONDON—A stagnant German economy and sliding yen overshadowed buoyant tech earnings to send shares lower on Friday, with investors betting that next week’s batch of central bank meetings will point towards a levelling off in interest rates. Oil headed for a second week of declines after data on Thursday showing the U.S. economy slowing more…


Nikki Haley Invites Disney to South Carolina Amid Ongoing Lawsuit

Republican presidential candidate Nikki Haley invited Disney to relocate to South Carolina amid Florida Gov. Ron DeSantis’s long-running dispute with the company to revoke its special legal and economic privileges. In a post on Twitter Wednesday, the former South Carolina governor toyed with the idea that her home state would happily accept Disney if the…