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Qantas blames glitchy system for selling tickets for canceled flights
SYDNEY — Australian carrier Qantas Airways QAN, -0.32% said that it sold tickets for flights that it knew had been canceled because of internal syst...
October 29, 2023, 7:58 pm
Coinbase to miss q3 revenue estimate by 10%, analyst blames low crypto volatility, volumes
Mizuho says that Coinbase will miss current consensus third-quarter revenues by 10%, citing low trading volumes. Crypto volatility has been relatively...
October 4, 2023, 8:20 pm
Tesla trial begins over whether ‘experimental' autopilot caused driver's death
Lawsuit claims company knowingly sold defective car that led to Micah Lee's 2019 death while Tesla blames...
September 28, 2023, 10:04 pm
Business community speaks out after target blames crime for store closures
Business leaders are expressing alarm after Target became the latest retailer to blame crime for pulling the plug on stores....
September 28, 2023, 8:54 am
Mgm resorts blames ‘cybersecurity issue' for ongoing outage
Hotel and casino giant MGM Resorts has confirmed a “cybersecurity issue” is to blame for an ongoing outage affecting systems at the company's Las ...
September 11, 2023, 2:30 pm
Dollar general blames poor earnings, tanking stock on theft, weak consumer demand
Dollar General's shares tanked after the discounter provided a bleak outlook for the rest of the year because of rising thefts and weak consumer deman...
August 31, 2023, 3:56 pm
Foot locker blames weak quarter on ‘consumer softness' as stock plunges
Footwear and apparel retailer expects full-year sales to decline on back of price-sensitive consumers....
August 23, 2023, 12:10 pm
Foot locker's stock plunges 32% as sneaker retailer blames dismal results on ‘consumer softness'
Foot Locker saw sales decrease by nearly 10% last quarter, and blamed the dismal period on "ongoing consumer softness." Its share price plummeting as ...
August 23, 2023, 10:02 am
Foot locker shares plunge 30% as it slashes guidance and blames 'consumer softness'
CNBC's Becky Quick reports on the company's quarterly earnings results....
August 23, 2023, 8:07 am
Foot locker reports another sales decline, cuts guidance as it blames 'consumer softness'
Athletic apparel retailer Foot Locker reported another quarterly sales decline and missed revenue expectations as consumers continue to pull back from...
August 23, 2023, 6:47 am
Dick's sporting goods blames ‘organized retail crime' for 23% drop in profits
Dick's Sporting Goods reported disappointing second-quarter earnings, which it attributed to "organized retail crime." In response, the retailer slash...
August 22, 2023, 11:36 am
Dick's sporting goods blames earnings slump on theft—joining other major retailers
Dick's Sporting Goods shares plunged more than 24% Tuesday after reporting lower-than-expected earnings—an issue it blamed partly on an uptick in re...
August 22, 2023, 10:45 am
Dick's sporting goods blames 'increasingly serious' theft problem for profit plunge
Dick's Sporting Goods warned Tuesday that retail theft is damaging its business and would lead to lower annual profits....
August 22, 2023, 9:42 am
Plus500 blames lower market volatility for a 43% decline in h1 profit
Plus500 Ltd (LON: PLUS) ended in the green today even though it reported a big hit to its core profit in the first six months of this year. Plus500 an...
August 14, 2023, 12:27 pm
Ups blames ‘late and loud' teamsters talks for revenue miss, outlook cut
United Parcel Service Inc. reported Tuesday a second-quarter profit that beat expectations but revenue that missed. The package delivery giant cut its...
August 8, 2023, 1:59 pm
Key words: yellow blames bankruptcy filing on ‘bullying’ by teamsters
Yellow declared bankruptcy over the weekend, and its CEO pulled no punches in blaming the Teamsters union force the LTL trucker’s demise. Read Full ...
August 7, 2023, 12:05 pm
Yellow blames bankruptcy filing on ‘bullying' by teamsters
Yellow, the Nashville, Tenn.-based trucking company announced late Sunday that it had filed for bankruptcy, and pulled no punches in putting the blame...
August 7, 2023, 8:05 am
Gm blames supplier for slow ev production, says chevy bolt ev will live on
General Motors CEO Mary Barra blamed a supplier of automation equipment for the slow ramp of its new electric vehicles....
July 25, 2023, 10:57 am
Equifax blames weak mortgage market for reduced earnings outlook, stock falls
Equifax Inc. called out a weaker mortgage market Wednesday as it trimmed its outlook for the full year....
July 19, 2023, 5:13 pm
Tesla blames solar slump on interest rates as energy storage biz booms
Tesla's solar installations are still slipping, the company told investors on Wednesday. The automaker reported 66 megawatts-worth of solar deployment...
July 19, 2023, 4:40 pm