profits

H&M Unsold Clothes
Gladys Vega/Getty Images for H&M
June 28, 2018 - 1:14 pm
By Ivana Kottasov√° (CNN Money) -- In a retail industry beset by problems, H&M has a doozy: A stockpile of unsold clothes worth $4 billion. The Swedish fashion company said Thursday that the value of its global unsold inventory ballooned in the most recent quarter to 36 billion Swedish kronor ($...
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Financial district in Manhattan
May 31, 2018 - 9:35 am
By Matt Egan and Danielle Wiener-Bronner (CNN Money) -- 1. Minting money: American companies are pulling in monster profits right now. A combination of faster economic growth, lower taxes and soaring oil prices are padding the bottom lines of large businesses. Call it the Great American Profit...
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