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BEST OF BASH

World Bank Group

Corporate earnings keep falling, but there are signs of life

Are we there yet? It's another weak quarter on Wall Street, but there are some signs corporate America will come out of its recent funk.

Earnings at big U.S. companies are on track to tumble 6.4 percent in the first quarter, the worst since the financial crisis. That would also be the third straight decline in profits while revenue is on pace to fall for the fifth quarter in a row.

Much of the blame lies in plunging oil prices and a sagging global economy. The beleaguered U.S. energy sector, which includes giants like Exxon Mobil and Chevron, is expected to report an overall loss, according to S&P Global Market Intelligence, something that hasn't happened since the...

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