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Earnings Report

Sears Says to Cut $1B in Costs, Shares Surge

Beleaguered retailer Sears Holdings Corp said on Friday it would cut costs by $1 billion and reduce debt and pension obligations by at least $1.5 billion this year, sending its shares soaring as much as 40 percent.

Sears Says to Cut $1B in Costs, Shares Surge

Beleaguered retailer Sears Holdings Corp said on Friday it would cut costs by $1 billion and reduce debt and pension obligations by at least $1.5 billion this year, sending its shares soaring as much as 40 percent.

Activision Blizzard answers 'Call of Duty' with big 4Q

Activision Blizzard Inc.'s fourth-quarter profit climbed 60 percent to $254 million as more people embraced a video game line-up that includes "Call of Duty, "Candy Crush," and "World of Warcraft" during the holiday season.

News Corp Posts Second-Quarter Loss

News Corp, the owner of the Dow Jones Newswires and book publisher HarperCollins, posted a second-quarter loss as it struggles to offset the decline in advertising income in its newspaper business.