The Lovesac Company ( LOVE ) shares are trading higher after the company reported first-quarter results. The company reported a quarterly loss per share of $0.83, narrower than the analyst consensus loss estimate of $0.96. Lovesac’s sales totaled $132.64 million, beating the street view of $128.07 million. Net sales decreased 6.1% year over year, primarily due to a 14.8% decrease...

June 13 (Reuters) - Wells Fargo ( WFC ) last month terminated over a dozen employees after reviewing allegations that they were involved in simulation of keyboard activity, creating an impression of active work, Bloomberg News reported on Thursday. The fired employees worked in the bank's wealth and investment management unit, according to the report, which cited the bank's disclosures...

WASHINGTON, June 13 (Reuters) - The head of the Federal Aviation Administration said Thursday the agency was too hands off in oversight of Boeing ( BA ) before a Jan. 5 mid-air emergency in a new Alaska Airlines 737 MAX 9. The FAA should have had much better visibility into what was happening at Boeing ( BA ) before Jan....

10:30 AM EDT, 06/13/2024 (MT Newswires) -- Carrier Global ( CARR ) said Thursday that the Science Based Targets initiative has validated its greenhouse gas emission reduction targets, including reaching net-zero emissions by 2050. The validated targets included a 42% reduction in scope 1 and 2 emissions by 2030 from a 2021 base year, and a 25% reduction in scope...