Segment-wise, revenue for the quarter was Space Systems $243 million, Imagery $213 million and Services $68 million. Total EBITDA for the quarter stood at $84 million compared to $116 million in the previous quarter.The final EBITDA figures segment wise stand as: Space Systems -$29 million, Imagery $122 million and Services $6 million. As part of its restructuring plans, the company will sell its Palo Alto facility as well as amend its credit agreement as steps to strengthen the balance sheet. It has also decided to continue operating the GEO Comsat business to right size the organization to better align its costs with revenue.

This is confirmed by the fact that Old Navy has annual sales of about $8 billion, while the other brands have a combined revenue of $9 billion. The company is also planning to boost its marketing and to develop new products for the Gap brand.Gap shares have fallen roughly 20% over the past 12 months, bringing its market cap to about $9.7 billion. It is still undecided under which company name Gap, Athleta, Banana Republic and the remaining brands will come.

personal income fell for the first time in more than three years in January as dividends and interest payments dropped. A report from the Commerce Department on Friday also said inflation pressures remained in check. Personal income slipped 0.1 percent in January, the first decline since November 2015, after jumping 1.0 percent in December.Wages increased by a moderate 0.3 percent in January after rising 0.5 percent in December. Households held back on buying cars and recreational goods in December, leading to a 1.9 percent plunge in spending on goods.

home prices may rise this year at the slowest pace in more than half a decade, as the supply of single-family homes rises and higher mortgage rates restrain activity in an already-expensive market, a Reuters poll of housing analysts found. The latest survey of nearly 40 housing analysts and economists polled Feb. 13-25 suggests a Federal Reserve rate guidance - where rates look to remain on hold - has given no boost to the outlook.It is likely, therefore, that the housing market will make no major positive contribution to extending an economic expansion.

HBO Chief Executive Richard Plepler will leave the premium television network owned by U.S. wireless carrier AT&T Inc after nearly 28 years at the company, Plepler said in a memo to HBO employees on Thursday. Read More...

Oil prices rose on Friday as markets tightened amid output cuts by producer club OPEC, but surging U.S. supply and a global economic slowdown prevented crude from climbing further. Read More...

Southwest Airlines filed a lawsuit against its mechanics union on Thursday, accusing the workers of an illegal campaign to disrupt operations in order to improve their position in prolonged labor talks. Read More...

With Apple seeing sluggish demand for its pricey new iPhones, and with the overall smartphone market in a state of malaise, Best Buy (NYSE:BBY) couldn't rely on mobile devices to drive growth in the fourth quarter of its fiscal 2019.Thankfully for the consumer electronics retailer, other products picked up the slack. Read More...

J.C.Penney says it will close 18 department stores and nine home and furniture shops in 2019. Read More...

Electric carmaker Tesla is finally launching its long-awaited standard Model 3 starting at $35,000 and shifting all sales online, the company said. Read More...

Chesapeake Energy shares surged this week after the company reported estimate-beating Q4 earnings and revenue expectations.CHK forecasts 2019 oil production to rise ~32% to 116K-122K bbl/day while capex is expected to remain roughly flat at $2.3B-$2.5 billion and cash flow is seen coming in really strong. 

Papa John’s International fell short of analysts’ fourth quarter expectations, as same store sales declined by 8.1% in North America. Outside of North America, same-store sales saw smaller declines of 2.6%. In the fiscal fourth quarter, Papa John’s rocked to a net loss of $13.8 million, or 44 cents per share, from net income of $28.5 million, or 81 cents per share, a year earlier.Adjusted earnings per share clocked-in at 15 cents versus an expected 17 cents. It is alleged that sales suffered after the company’s founder and former CEO, John Schnatter, used a racial slur in a conference call. Since then the company has been trying to improve its public image.

Bookings Holdings shares declined close to -10% Thursday morning. The company, which operates several travel fares aggregators and travel search engines, reported earnings of $22.49 per share (on a GAAP basis), beating analysts’ estimates of $19.39 per share.Piper Jaffray's Michael Olson downgraded the firm’s stock to neutral from overweight, while lowering his price target to $1,800 a share from $2,100.

For 2019, the company expects to generate revenue of about $1.4 billion whereas analysts expected $1.66 billion in sales for the year. CEO Mindy Grossman explains that Weight Watchers has been focused on improving member recruitment trends in light of the fact that their Winter Campaign did not recruit as expected.This year, they plan to introduce new creative with a stronger call-to-action to further optimize their media mix. Under Grossman, WTW has shifted from a being a diet company, dropping ‘weight’ from its name and rebranding as WW last year.

Personal computing and printing company HP Inc. reported fiscal first-quarter 2019 revenue, which fell short of analysts’ estimates, The company’s earnings, however, managed to match expectations. HP Inc.’s sales from its personal systems segment increased +2.3% year-over-year to $9.66 billion in the fiscal first quarter, compared to analysts’ average estimate of $9.74 billion (based on Refinitiv data).Net income of $803 million was lower than the year-ago quarter’s $1.94 billion. For the full fiscal year 2019, HP Inc, reaffirmed its earnings forecast in the range of $2.12 to $2.22 per share.

That was the slowest pace since the beginning of 2018, as the government shutdown and other economic factors took a toll on growth.  GDP growth in the October-December quarter was down from a 3.4 per cent gain in the third quarter, the Commerce Department reported Thursday.The 35-day government shutdown took out estimated 0.1% from growth in the fourth quarter. GDP growth for all of 2018 came in at 2.9 per cent, the best showing since 2015.

A major shareholder is casting doubt around the pharmaceutical industry’s biggest-ever between Bristol-Myers Squibb Co.’s and Celgene Corp. Wellington Management Co., which manages about $1 trillion in assets, and is the second largest shareholder in of Bristol-Myers stock, said in a news release that it “does not believe that the Celgene transaction is an attractive path” for broadening Bristol-Myers’s business.The firm holds 7.7 percent of Bristol-Myers shares. “While we are very disappointed by the position of Wellington Management, we will continue our discussions with shareholders about this unique opportunity to create sustainable value,” Chief Executive Officer Giovanni Caforio said in the memo made public in a filing Thursday.

U.S.stocks slipped on Thursday as a U.S.-North Korea summit ended abruptly without an agreement, with a clutch of weak earnings adding to the downbeat sentiment. Read more...

Treasury Secretary Steven Mnuchin says the U.S. is getting closer to a highly anticipated trade deal with China. "The deal is not done yet but we have made a lot of progress" Mnuchin told CNBC's Hadley Gamble in an interview that aired on "Squawk on the Street" Thursday.READ MORE...

Box Inc. shares plunged -20% Thursday, after the company released full-year earnings guidance lower than analysts’ expectations. The cloud services company has forecasted its bottom-line to range between a loss of 3 cents per share to positive earnings of 1 cent per share for FY 2020.Revenue for the quarter came in at $163.7 million, which is below analysts’ expected $164.2 million.  The company’s billings increased +16% year-over-year to $237.7 million According to Aaron Levie, co-founder and CEO of Box, the company saw strength in add-on product attach rates and delivered solid growth in six-figure deals in fiscal 2019.