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Archive: (19 Stories)

Ryanair suffers loss as it cuts fare prices

02/03/2014 4:22am
Ryanair's strategy of cutting fare prices to keep planes full is costing it.

Lloyds turnaround continues despite more charges

02/03/2014 5:25am
Lloyds bank, the part-nationalized British lender, said Monday it will pay a dividend again for the first time since the financial crisis as it prepares to shed state ownership. The announcement, however, was marred by news it had to set aside another 1.9 billion pounds ($3.1 billion) to cover the excesses of the past.

Smith & Nephew to buy ArthroCare in $1.5B deal

02/03/2014 7:03am
British medical technology company Smith & Nephew plans to buy U.S. medical device maker ArthroCare in a $1.5 billion deal that it says will strengthen its sports medicine business.

Altria acquires e-cig maker Green Smoke for $110M

02/03/2014 7:35am
Marlboro maker Altria Group Inc. says it is buying electronic cigarette company Green Smoke Inc. for about $110 million.

US probes American Lafrance fire truck wheels

02/03/2014 7:35am
U.S. safety regulators are investigating a complaint that a front wheel fell off an American Lafrance fire truck last year.

Post buying PowerBar, Musashi brands from Nestle

02/03/2014 8:20am
Post Holdings Inc. is buying the PowerBar and Musashi brands from Nestle SA, further diversifying its business by expanding into the active nutrition category.

Lew urges quick action to raise debt ceiling

02/03/2014 8:42am
Treasury Secretary Jacob Lew says he will start using emergency measures after Feb. 7 to avoid a first-ever default on the national debt. He says he expects to exhaust those measures quickly.

Southwest to add routes to NY, 14 other cities

02/03/2014 9:55am
Southwest Airlines says it will start nonstop flights from Dallas to New York, Los Angeles, Washington and 12 other cities this fall, when federal limits on the airline's home airport end.

BATS Global completes deal to buy Direct Edge

02/03/2014 10:26am
BATS Global Markets Inc. said Monday that it has completed its purchase of Direct Edge Holdings LLC to create the second-largest stock exchange in the U.S.

Former Fed Chairman Bernanke joining Brookings

02/03/2014 10:44am
Ben Bernanke, who stepped down last week after eight momentous years as chairman of the Federal Reserve, is joining the Brookings Institution, a Washington think tank.

Pfizer breast cancer drug hits midstage study goal

02/03/2014 12:23pm
Drugmaker Pfizer Inc. said Monday that a midstage study of its experimental drug for advanced breast cancer, palbociclib, met the main goal.

Dow drops on concerns about global growth

02/03/2014 1:18pm
U.S. stocks are falling sharply in afternoon trading, pushing the Dow Jones industrial average down more than 300 points, as investors worry about reports of sluggish global growth.

Canada approves Merck grass allergy immunotherapy

02/03/2014 1:50pm
Merck & Co. says it's won its first approval for its new immunotherapy tablet for grass allergies, from regulators in Canada.

News Summary: Cold hurts January US auto sales

02/03/2014 2:41pm
SALES FREEZE: U.S. auto sales slipped 3 percent to just over 1 million in January as cold weather kept potential buyers at home. It was the first year-over-year sales drop since August 2010.

Emerging markets' turmoil likely to stay contained

02/03/2014 3:39pm
From Turkey to South Africa to Argentina, emerging markets are being slammed by rising inflation, economic mismanagement and political turmoil.

US vehicle recalls hit 9-year high in 2013

02/03/2014 3:40pm
Automakers recalled 21.9 million cars and trucks in the U.S. last year, a nine-year high.

Yum's 4Q net income down, adjusted net beats

02/03/2014 4:20pm
Yum Brand's fourth-quarter profit fell 5 percent due to costs related to refinancing some debt, but its adjusted results beat expectations as its KFC chain recovers from a series of setbacks in China.

FDA launching anti-smoking campaign aimed at youth

02/03/2014 10:04pm
The Food and Drug Administration is using ads that depict yellow teeth and wrinkled skin to show the nation's at-risk youth the costs associated with cigarette smoking.