Bank of America Reports First-quarter 2015 Net Income of $3.4 Billion, or $0.27 per Diluted Share


Dateline City: CHARLOTTE, N.C. Results Include $ 1.0 Billion ($ 0.06 per Share) in Annual Retirement-eligible Incentive Costs and $ 0.5 Billion ($ 0.03 per Share) in Charges to Revenue for Market-related Net Interest Income Adjustments Continued Business Momentum Period-end Deposit Balances Increased to Record $ 1.15 Trillion Originated $ 17 Billion in First-lien Residential Mortgage Loans Read more [...]

Ferguson report’s racist details: more of the same, but still shocking


In Seattle, two officers held back the arms of a woman while a third squirted pepper spray in her face and punched her in the ribs. In East Haven, Conn., Latinos were twice as likely to be given traffic citations as whites. In Newark, N.J., blacks accounted for 80% of pedestrians stopped by…
Nation – Los Angeles Times

Meritor Reports First-Quarter Fiscal Year 2015 Results


Improves Adjusted EBITDA Margin by 100 Basis Points Year Over Year; Announces Seven-Year Agreement with PACCAR TROY, Mich., Jan. 28, 2015 /PRNewswire/ -- Meritor, Inc. (NYSE: MTOR) today reported financial results for its first fiscal quarter ended Dec. 31, 2014. First-Quarter Highlights Sales were $ 879 million, down $ 21 million, or 2 percent, from the same period last year. Net income attributable to Meritor on a GAAP basis was $ 29 million, compared to $ 11 million a year ago. Earnings Read more [...]

Sears Holdings Reports Fourth Quarter And Full Year 2014 Results


Feb 26, 2015 HOFFMAN ESTATES, Ill., Feb. 26, 2015 /PRNewswire/ -- Sears Holdings Corporation (NASDAQ: SHLD) today announced financial results for its fourth quarter and full year ended January 31, 2015. As a supplement to this announcement, a presentation, pre-recorded conference and audio webcast are available at our website http://searsholdings.com/invest. In summary, we reported: Domestic Adjusted EBITDA of $ 125 million in the fourth quarter, which was an increase of $ 217 million over Read more [...]

Alaska LNG Project Draft Resource Reports Filed with FERC


Dateline City: ANCHORAGE, Ala. Expands FERC public engagement process for Alaska LNG Project ANCHORAGE, Ala.--(BUSINESS WIRE)--A series of draft environmental and socioeconomic reports for the Alaska LNG Project has been submitted to the Federal Energy Regulatory Commission (FERC), which is responsible for conducting the environmental review Read more [...]

Time Warner Cable calls customer “C**t” after she reports cable box problem


Time Warner Cable (TWC) isn't yet a part of Comcast, but it's taking after its potential parent company in one very unfortunate way. Comcast customers have complained about their billing account names being changed to insults like "asshole," "whore," "dummy," and "super bitch." Now, the same thing has happened to a Time Warner Cable customer named Esperanza Martinez. Martinez, of Orange County, California, provided Ars a copy of this letter she just got from Time Warner Cable: Read 8 remaining Read more [...]

Apple Reports Record First Quarter Results


CUPERTINO, California—January 27, 2015—Apple® today announced financial results for its fiscal 2015 first quarter ended December 27, 2014. The Company posted record quarterly revenue of $ 74.6 billion and record quarterly net profit of $ 18 billion, or $ 3.06 per diluted share. These results compare to revenue of $ 57.6 billion and net profit of $ 13.1 billion, or $ 2.07 per diluted share, in the year-ago quarter. Gross margin was 39.9 percent compared to 37.9 percent in the Read more [...]