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  • Genco files for Chapter 11 bankruptcy protection Monday, 21 Apr 2014 | 1:26 PM ET

    NEW YORK— Drybulk shipper Genco Shipping filed for Chapter 11 bankruptcy protection on Monday as it tries to reorganize its business and reduce debt. The New York company says it has about $1.3 billion in debt.

  • Blackstone 1Q net income up 58 percent Thursday, 17 Apr 2014 | 10:42 AM ET

    An adjusted profit measure favored by the private equity industry— economic net income, which strips out charges tied to employee stock grants from Blackstone's 2007 initial public offering of stock— rose 30 percent to $813.9 million, or 70 cents per unit, from $628.3 million, or 55 cents per unit.

  • Jan 22- Coach Inc's sales in North America fell sharply during the key holiday quarter as the handbag maker continued to lose customers to fast-growing rivals. The New York company, known for its Poppy handbags, on Wednesday reported a 13.6 percent decrease in comparable-store sales in North America.

  • Jan 22- Coach Inc's sales in North America during the key holiday quarter fell more than the handbag maker had forecast as new rivals continued to eat away at its market lead and fewer shoppers came into its stores.

  • After-Hours Buzz: NKE, MU, CRM & More Thursday, 21 Mar 2013 | 5:04 PM ET

    Check out which companies are making headlines after the bell Thursday:

  • Hess 3Q net income jumps on higher production Friday, 2 Nov 2012 | 10:43 AM ET

    NEW YORK-- Hess Corp. nearly doubled its third quarter profits as the company resumed operations in Libya and ramped up production in giant Bakken shale play. The New York company breezed past Wall Street expectations and shares rose 4 percent in early trading.

  • HMS Holdings stock tumbles after 3Q report Friday, 26 Oct 2012 | 10:55 AM ET

    NEW YORK-- HMS Holdings Corp.' s shares shed nearly a quarter of their value Friday after the medical information company said its third-quarter earnings dropped 27 percent on higher costs. The New York company earned $10.5 million, or 12 cents per share, in the three months that ended Sept. 30.

  • Travelzoo profit falls on local deals, air search Thursday, 25 Oct 2012 | 1:59 PM ET

    NEW YORK-- Travelzoo's third-quarter net income fell 42 percent due to declining sales on its airline search site.

  • Blackstone Group returns to profit in 3Q Thursday, 18 Oct 2012 | 11:03 PM ET

    NEW YORK-- Blackstone Group LP said Thursday that it returned to a profit in the third quarter as fees jumped. The New York company reported net income of $128.8 million, or 24 cents per common union, in the July-September quarter, compared with a loss of $274.6 million, or 56 cents per unit, a year earlier.

  • Travelers 3Q profit more than doubles, tops St. Thursday, 18 Oct 2012 | 3:24 PM ET

    Travelers Cos. said Thursday that its net income jumped to $864 million, or $2.21 per share, for the three months ended Sept. 30. That compares with net income of $333 million, or 79 cents per share, in the same period last year. Investors sent shares in the New York company up $2.45, or 3.4 percent, to $73.83 in afternoon trading.

  • American Express profit inches higher in 3Q Wednesday, 17 Oct 2012 | 4:21 PM ET

    LOS ANGELES-- American Express Co. said Wednesday that its net income rose 1 percent in the third quarter, aided by lower expenses and increased spending by the credit card issuer's customers. In the second quarter, American Express' revenue grew 5 percent from a year earlier.

  • Omnicom 3rd-quarter earnings, revenue nearly flat Tuesday, 16 Oct 2012 | 10:01 AM ET

    NEW YORK-- Advertising and marketing company Omnicom Group Inc. reported nearly flat earnings and revenue compared with a year earlier, as U.S. revenue grew but international revenue declined. Omnicom had fewer outstanding shares in the latest quarter, which increases earnings per share. He rates Omnicom "Hold" with a target price of $45.

  • FDA accepts Delcath cancer treatment for review Monday, 15 Oct 2012 | 8:23 AM ET

    NEW YORK-- Delcath Systems Inc. says its potential treatment for a form of liver cancer has been accepted by the Food and Drug Administration for a standard review. Delcath submitted its application on Aug. 15. Shares of Delcath fell 22 cents, or 10.5 percent, to $1.87 in premarket trading Monday.

  • Travelzoo falls as 3Q outlook disappoints Friday, 12 Oct 2012 | 11:09 AM ET

    NEW YORK-- Travelzoo's stock dropped to the lowest level in more than two years on Friday as the online travel company predicted that its third-quarter profit would shrink about 40 percent from a year ago. Travelzoo faces tough competition from other online travel companies such as Expedia Inc. and Priceline.com Inc..

  • MetLife starting new asset management business Tuesday, 9 Oct 2012 | 12:57 AM ET

    NEW YORK-- MetLife rolled out an asset management business focused on real estate and private-placement debt, hoping to draw yield-starved institutional investors to areas where it already has considerable experience.

  • PVH boosts 3Q, full-year earnings forecasts Tuesday, 2 Oct 2012 | 10:01 AM ET

    The company said Tuesday that Tommy Hilfiger is doing particularly well in North America and that its planned turnaround of the Heritage Brands wholesale businesses is going better than expected. For the third quarter, PVH Corp. now anticipates adjusted earnings of $2.28 to $2.30 per share.

  • Goldman shares rise on upbeat Barron's view Monday, 1 Oct 2012 | 4:39 PM ET

    NEW YORK-- Shares of Goldman Sachs Monday rose after an article posted on the website of Barron's magazine predicted that the investment bank's stock could climb at least 25 percent over the next year. Barron's said that Goldman Sachs Group Inc. came away from the 2008 financial crisis better than any of its rivals.

  • Barron's upbeat on Goldman, predicts stock gains Monday, 1 Oct 2012 | 2:10 PM ET

    NEW YORK-- Shares of Goldman Sachs Monday after an article posted on the website of Barron's magazine predicted that the investment bank's stock could climb at least 25 percent over the next year. Barron's said that Goldman Sachs Group Inc. came away from the 2008 financial crisis better than any of its rivals.

  • Retail Catalogs Survive the Internet—and Thrive Tuesday, 22 May 2012 | 11:00 AM ET

    Online spending may be increasing but the venerable catalog is doing anything but fading away. In fact, it is still an important part of business for retailers.

  • Disaster du Jour & Sunshine Stocks     Monday, 22 Aug 2011 | 2:50 PM ET

    CNBC's Herb Greenberg and Many Drury offer their views on New York & Company, and CF Industries.

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