General Motors is number thirteen on this year’s Fortune 500. That’s its lowest ranking ever. But, while revenue has fallen over the past year, the company’s become an undisputed leader of the auto industry by one metric: gender equity. Wondering what that means? Here are the most visible examples. First, women outnumber men on the GM board. This is a first for the auto industry. Just five companies on the 500 currently have a ma... Read more
Millions of Americans will be hitting the road this summer for vacation. But that doesn’t necessarily mean rental car companies will be pulling in big profits. As a matter of fact, Hertz Global Holdings - best known for its rental car brands Hertz, Thrifty and Dollar - saw profits drop almost one hundred and seventy percent last year. Company revenues ticked up slightly, landing Hertz at number three hundred thirty one on the Fortu... Read more
Founded in 19-01, HanesBrands has been filling our underwear and sock drawers for more than a century. In the 19-50s, Hanes became the first brand to advertise a bra on national television. In the early 2-thousands, Hanes pioneered the tagless tee – getting rid of those itchy labels on the back of your neck. And, over the years, Hanes added Playtex, Maidenform and Champion to its wardrobe. Now, HanesBrands items are found in nea... Read more
The month of June is filled with patriotic celebrations like Flag Day and the U-S Army’s birthday. So it’s a good time to learn more about number three hundred-seventy-one on the Fortune 500 - Huntington Ingalls Industries – a company serving our country’s military. H-I-I is a relative baby in the Aerospace and Defense category. It was founded just eight years ago in 2-thousand-eleven as a spinoff from Northrop Grumman.
If you’re listening to this report on a computer, mobile phone or smart speaker – your re might be tapping into tech from Fortune 500 company A-M-D - Advanced Micro Devices. It’s one of the world’s leading chipmakers. Its processors power computers, gaming devices and more. If you can’t tear your teenagers away from their X-boxes or PlayStations… you can blame A-M-D.
Have any home improvement projects on your to-do list this summer? If so, you’re not alone. The average American will spend about 7-thousand dollars on home renovations this year. Topping the majority of to-do lists: painting. That’s good news for companies like Sherwin-Williams – the well-known supplier of all things paint – who comes in at number one hundred and-seventy-seven on the Fortune 500.
The motto at Delta Air Lines is “Keep Climbing” – and that’s exactly what the company is doing on the Fortune 500 list – ascending six spots this year to number sixty-nine. Revenues also went skyward – reaching over 44-billion dollars. What started as a small crop dusting operation in 19-24 has grown into one of the world’s largest airlines. Each year, Delta flies nearly 200-million passengers to more than 3-hundred destinations... Read more
Summer is here and temperatures are rising. Number two hundred-fifty-nine on the Fortune 500 knows what it takes to keep cool… it’s one of the oldest utility companies on the list. Consolidated Edison – better known as “Con Ed” – provides electricity, natural gas and steam to more than three-million commercial and residential customers in New York City and Westchester County. Con Ed was founded as the New York Gas Light Company b... Read more
Where do YOU go for your Flintstone-sized packages of paper towels? Maybe Costco or Sam’s Club… or maybe you’re one of the five million Americans now buying in bulk at B-J’s Wholesale Club. The lesser-known warehouse retailer is not only a newcomer to the Fortune 500, it’s the highest-placed newcomer on the list – coming in at number two-hundred-and-forty-five with 13-billion in revenue.
Going to the dentist has never been fun… but at least modern technologies are making visits a little less painful. And for that you can thank number two-hundred-forty-two on the Fortune 500: Henry Schein (SHINE). Started in the 19-30s as a storefront pharmacy, Henry Schein is transforming the dental and medical industries with digital tools that help doctors work more efficiently, and get patients out the door quickly.
There’s plenty of high-tech brands on the Fortune 500… but there’s just one company rooted in materials made by Mother Nature. Weyerhaeuser (WHERE-house-er) Company is the ONLY business on the list in the forest and paper product category. It’s one of the world’s largest private owners of timberlands. The Seattle-based corporation grows, harvests and replants trees on more than 12-million acres in the U-S and another 14-million ac... Read more
Your summer travels may have you checking out – or checking in – to number one-hundred and fifty-one on this year’s Fortune 500… With more than 65-hundred properties across the globe, Marriott International offerings range from the luxurious Ritz-Carlton to the extended stay Residence Inn. Housing the world’s travelers is a big job, and requires a lot of employees – one-hundred and seventy-six-thousand to be exact.
There are two media companies on the Fortune 500 from the Publishing and Printing industry. But just one of them made money last year: Rupert Murdoch’s News Corp. Landing at number three hundred forty-one on the 500, its revenue was up almost 11 percent, to about nine billion. The company includes the Wall Street Journal, the New York Post, HarperCollins Publishers and many prominent titles in the U-K and Australia.
The numbers are pretty clear: Americans are drinking less beer. And that’s hurting big beer makers like Molson Coors. The company’s revenues and profits both took a hit last year, pushing it down 19 spots on the Fortune 500 to number two hundred ninety four. For many years, Coors was only available west of the Mississippi. This gave it an almost cult-like status. Reportedly, Presidents Eisenhower and Ford both smuggled cases of th... Read more
If you have a credit card from Lowe’s, Old Navy or Sam’s Club, you are familiar with number one-hundred-seventy-three on the Fortune 500 – Synchrony Financial. It’s the country’s largest private label credit card provider with revenues of eighteen-billion. Synchrony was once a part of another well-known company on the list… General Electric sold off the consumer financial services company in 20-14.
Despite the prestige that comes with claiming a spot on the Fortune 500, not all companies who make the cut are in the black. In fact, forty-five of this year’s companies LOST money. The biggest loser on the list? General Electric. Its revenues dropped 2-billion-dollars from last year, to one-hundred-twenty-billion. This caused G-E to continue its descent down the list… slipping out of the top twenty to number twenty-one.
Did you have a bowl of cereal for breakfast this morning? Probably not. A growing number of breakfast eaters are giving cereal the cold shoulder. That helps explain why sales at Kellogg - the Michigan company that brought us Corn Flakes, Raisin Bran, Fruit Loops and more - have been hurting. Steve Cahilane (KAYhill-lane) stepped into the CEO role in late 20-17, and has been focused on boosting those falling numbers.
Fifty-six years. That’s how long Leslie – or “Les” – Wexner has been C-E-O of L-Brands. It’s the longest tenure of any top dog found on the Fortune 500. Which brands does this veteran executive oversee? Think women’s underwear and scented candles. That’s right, the longest-running C-E-O is in charge of ladies’ lingerie brand Victoria’s Secret and the home fragrance chain Bath and Body Works.
There’s a decent chance you’ve seen an ad for Wayfair - the online retailer that sells arm chairs, pillows and kitchen tables. If you haven’t, the company hopes you will - it’s spending close to one billion dollars on marketing this year. Skeptics say this type of spending - along with investments in infrastructure and expansion - are not sustainable. The company is deep in the red. It lost more than half a billion dollars last y... Read more
When you look back at the stories Fortune-dot-com wrote about Facebook in 20-18, there were a lot of negative headlines. A sampling, just from December: Facebook Discovers New Security Flaw Affecting Up to 6-point-8 Million Users. Facebook Wielded User Data to Reward and Punish Rivals, Emails Show. Facebook Shared User Data Without Permission. Could Lead to ‘Thorny Legal Problems.’ But you know what doesn’t reflect any of th... Read more