Superstorm Sandy tops 2012 insurance claims
01/03/2013 5:21am
Natural disasters cost insurers $65 billion last year, with the United States accounting for nine-tenths of the bill and Superstorm Sandy prompting payouts of $25 billion, a leading insurance company said Thursday.
Cato December revenue figure falls
01/03/2013 5:53am
Cato Corp., a women's clothing chain, said Thursday that revenue at stores open at least a year in December fell 7 percent and the company cut its guidance for the year.
Bon-Ton December revenue figure rises
01/03/2013 5:54am
The Bon-Ton Stores Inc., which operates department stores, said Thursday that a key sales figure rose in December even though a storm disrupted a post-Christmas sales event.
Starbucks to open 1st Vietnam cafe
01/03/2013 6:50am
Starbucks Corp. will open its first Vietnam cafe early next month in Ho Chi Minh City as part of its strategy to expand across Asia, the company said Thursday.
News Summary: Spam maker Hormel to buy Skippy
01/03/2013 9:37am
PEANUT BUTTER-BACON SANDWICH: Hormel Foods Corp. said Thursday that it's buying Skippy, the country's No. 2 peanut butter, for $700 million from Unilever.
News Summary: Transocean to pay $1.4B for spill
01/03/2013 10:40am
TRANSOCEAN'S TAB: The Justice Department reached a $1.4 billion settlement with Transocean Ltd., the owner of the drilling rig that sank after an explosion killed 11 workers and created the massive 2010 oil spill in the Gulf of Mexico.
Boeing delivered 601 planes last year
01/03/2013 12:38pm
Boeing Co. said on Thursday that it delivered 601 planes last year, putting it on track to beat European rival Airbus as the top plane maker for the year.
Google chairman heading to North Korea
01/03/2013 12:56pm
When he lands in North Korea, even Google's executive chairman will likely have to relinquish his smartphone, leaving him disconnected from the global information network he helped build.
At a glance: Oil falls as budget deal cheers fade
01/03/2013 1:38pm
The price of oil fell slightly Thursday as euphoria over a U.S. budget deal cooled and traders focused on bulging crude supplies and lackluster demand.
Swiss bank to pay $57.8M in US tax evasion plea
01/03/2013 2:03pm
Switzerland's oldest bank became the first foreign bank to plead guilty in the United States to tax charges when it admitted Thursday that it helped American clients hide more than $1.2 billion from the Internal Revenue Service.
Fiscal-cliff deal no recipe for a robust economy
01/03/2013 2:46pm
Housing is rebounding. Families are shrinking debts. Europe has avoided a financial crackup. And the fiscal cliff deal has removed the most urgent threat to the U.S. economy.
ComScore says online holiday sales up 14 percent
01/03/2013 3:03pm
A report released Thursday says Holiday shoppers spent of $42.3 billion online in November and December, 14 percent more than in the same months a year ago.
Top mutual funds of 2012 rebound from poor 2011
01/03/2013 3:59pm
The stock market posted impressive returns last year, even with the presidential election and the resulting political gridlock. It was a welcome change from 2011, when the market rose only slightly.
Lunch meat maker Hormel orders up Skippy sandwich
01/03/2013 4:17pm
Hormel Foods apparently has a hankering for a peanut butter and bacon sandwich. The company primarily known for Spam and other cured, smoked and deli meats said Thursday that it's buying Skippy, the country's No. 2 peanut butter brand, in its biggest-ever acquisition.
Wendy's moves past '99 cents' with new value menu
01/03/2013 4:38pm
Wendy's no longer thinks a hamburger has to be 99 cents to be a deal.
Why car sales are strong in the US
01/03/2013 5:12pm
It's not quite boom times for the U.S. auto industry. But it's getting there.
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