revenue

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Business & Lifestyle

LEGO revenue down; 1,400 job cuts to follow

BILLUND, Denmark (UPI) -- LEGO said Tuesday it plans on 1,400 job cuts, as the toy-maker's half-year revenue is down 5 percent from last year. The news comes off a nearly decade-long period of growth for LEGO, where the company had become the world's most profitable toymaker and the second-largest by sales. The toy manufacturer has long been able to compete with competition from cellphone apps and video games. LEGO said it intends to reduce its workforce by 8 percent but […]

todaySeptember 5, 2017 3

Business & Lifestyle

Chevron shares flat after revenue beats estimates, profits rise from a year ago

SAN RAMON, Calif. (Heartland Newsfeed) -- Chevron on Friday reported quarterly profits and revenues that beat Wall Street's expectations as the company cut costs and as oil and gas prices and refining margins improved. Shares of Chevron were up more than 1 percent after the announcement. The oil major earned $1.7 billion, or and adjusted 91 cents a share, excluding impairments and gains from asset sales. Analysts had expected Chevron to earn 87 cents a share on $32.09 billion in revenue. The […]

todayJuly 28, 2017 3

Business & Lifestyle

Twitter loses users in U.S. as revenue declines

Allen Cone, United Press International Writer SAN FRANCISCO (UPI) -- Twitter, the social media powerhouse, had stagnant worldwide growth of users last quarter and lost users in the United States. Twitter, in an financial filing Thursday, said its monthly user base in the United State declined two million to 68 million from the previous quarter. Globally, the number of users stayed at 328 million. From the same period a year earlier, the company's revenue fell 5 percent to $574 million. Twitter's adjusted […]

todayJuly 27, 2017 14

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Business & Lifestyle

Kankakee auditor warns that additional revenue is not ‘extra money’

Kankakee County's auditor has a warning: Just because there's going to be some extra income this year doesn't mean the county should spend it. Jacob Lee recently released the county’s fiscal year 2017 first quarter financial report, which shows the county on track to have greater revenue than expenditures, but the county is not financially sound, he said, according to a press report. “All things being equal, current projections indicate that there will be more revenue than expenditures this year,” […]

todayJune 13, 2017 5

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