Burberry's profit hit by perfume deal's demise
Associated Press |
posted 4 minutes ago
British luxury brand Burberry said Tuesday that rapidly improving business in developing markets was offset by the end of a perfume licensing deal, dragging net profit down 3 percent for the year.
Herbalife names Pricewaterhouse new auditor
Associated Press |
posted 10 minutes ago
Herbalife Ltd. says it has hired PricewaterhouseCoopers to be its new auditor.
JPMorgan's Dimon survives shareholder referendum
Christina Rexrode, Associated Press |
posted 17 minutes ago
Shareholders at JPMorgan Chase voted to let Jamie Dimon, the chairman and CEO, keep both his jobs.
Oil slips as traders wait for Fed, supply data
The Associated Press |
posted 45 minutes ago
The price of oil fell Tuesday as investors waited for the Federal Reserve's latest views on the U.S. economy.
Housing recovery boosts Home Depot 1Q results
Michelle Chapman and Mae Anderson, Associated Press |
posted May 21st - 9:49am
Home Depot Inc.'s first-quarter net income rose 18 percent, thanks to the ongoing housing recovery, despite a chilly and wet spring.
Lew: IRS actions "unacceptable and inexcusable"
Martin Crutsinger, Associated Press |
posted May 21st - 9:49am
Treasury Secretary Jacob Lew says the Internal Revenue Service's targeting of conservative political groups was "unacceptable and inexcusable" and he has directed the agency's acting director to hold people accountable.
GM to invest $44.5M in Lansing Cadillac factory
Phillip Lucas, Associated Press |
posted May 21st - 9:43am
General Motors says it will invest $44.5 million at a Lansing, Mich., factory, creating 200 new jobs.
Best Buy reports 1Q loss on restructuring costs
Mae Anderson, Associated Press |
posted May 21st - 8:08am
Best Buy Co. on Tuesday reported a loss in its fiscal first quarter as it sold its stake in Best Buy Europe and works on a turnaround plan that includes cutting costs and closing some stores.
German central bank: Economy to improve 'markedly'
David Mchugh, Associated Press |
posted May 21st - 7:20am
Germany's central bank expects the country's economy to improve "markedly" in the second quarter _ a development that could boost the wider eurozone as it struggles to get out of recession.
Vodafone annual profits up 1.9 percent
Associated Press |
posted May 21st - 5:37am
U.K.-based mobile telecoms company Vodafone has reported a 1.9 increase in annual profits despite a slowdown in much of its European operations.
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