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July 13th, 2014
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Archive: News / Biz / Business & Finance (28 Stories)

Deutsche Telekom adds more US customers

11/07/2013 12:44am
Telephone company Deutsche Telekom says it made a net profit of 588 million euros ($793 million) in the third quarter as it added customers at T-Mobile USA.

Utility EDF's sales up 6.9 pct so far this year

11/07/2013 12:55am
State-controlled utility Electricite de France says revenue grew 6.9 percent in the first nine months of the year, driven in part by cold weather and higher tariffs in France.

Nestle sells Jenny Craig in N. America, Oceania

11/07/2013 1:24am
Nestle, the world's biggest food and drink company, says it has sold off its weight management business Jenny Craig in North America, Australia, New Zealand, and the Pacific Islands.

Cyprus, France's Total to cooperate on gas plant

11/07/2013 3:29am
Cyprus and French energy company Total have agreed to cooperate on developing a planned natural gas processing facility in the bailed-out country.

Credit Agricole CEO: no deal in rate-rigging probe

11/07/2013 3:59am
French bank Credit Agricole has refused to make a deal with European Union regulators investigating the manipulation of an interest rate that banks use to borrow from one another.

Adidas profit held back by euro, Russia trouble

11/07/2013 4:03am
Sporting goods maker Adidas AG says net profit fell 7 percent in the third quarter as a stronger euro and troubles in Russia held back profits.

Siemens shares rise on buyback announcement

11/07/2013 4:28am
German industrial conglomerate Siemens said Thursday its profit dropped in the fourth quarter, but its shares rose after it announced it would buy back 4 billion euros ($5.4 billion) in stock and predicted improved profits.

Costco Oct. key revenue metric beats Street's view

11/07/2013 4:49am
Costco's sales at stores open at least a year rose 3 percent in October, beating Wall Street's expectations.

Societe Generale sees Q3 profits increase 6 fold

11/07/2013 5:28am
Societe Generale says its net income increased six fold in the third quarter after last year's efforts to clean up the balance sheet.

L Brands Oct. key sales metric tops Street's view

11/07/2013 5:35am
L Brands, owner of Victoria's Secret, Bath & Body Works and other retail outlets, said Thursday that sales at stores open at least a year climbed 8 percent in October. This easily topped analysts' estimates.

Freddie earns $30.5B in 3Q; repaying bailout

11/07/2013 7:46am
Freddie Mac posted net income of $30.5 billion from July through September, its eighth straight profitable quarter. Freddie will have repaid its full government bailout after paying its third-quarter dividend.

Most booster seats do well in new safety rankings

11/07/2013 8:16am
More than half of child booster seats that went on sale this year earned a top rating from the Insurance Institute for Highway Safety.

Fannie, Freddie post strong earnings for 3Q

11/07/2013 9:35am
Fannie Mae and Freddie Mac posted strong earnings for the July-September period as the housing market continued to recover. The gains will enable the mortgage giants to finish repaying their taxpayer aid or come close to doing so five years after they were rescued by the government.

News Summary: Toy Hall adds chess, rubber duck

11/07/2013 9:36am
THE CLASSICS: The rubber duck has squeaked out a win for a place in the National Toy Hall of Fame. The bath toy joins the ancient game of chess in the class of 2013 inducted Thursday.

News Summary: Wendy's 3rd-quarter loss narrows

11/07/2013 9:49am
THE NEWS: Wendy's third-quarter loss narrowed as more customers snapped up offerings at its restaurants, including its new Pretzel Bacon Cheeseburger and Pretzel Pub Chicken sandwich. Results beat expectations and the company raised its guidance Thursday.

Wendy's adjusted 3Q net income beats Street

11/07/2013 9:52am
Wendy's third-quarter loss narrowed as more customers snapped up its new Pretzel Bacon Cheeseburger and Pretzel Pub Chicken sandwiches, along with other menu items.

Credit-easing steps by central banks, at a glance

11/07/2013 11:46am
The European Central Bank on Thursday announced a surprise cut in its benchmark interest rate to try to accelerate a tepid recovery in the 17 countries that use the euro.

Chick-fil-A founder retiring as CEO, chairman

11/07/2013 11:55am
Chick-fil-A founder Truett Cathy is retiring as chairman and CEO. His son, Dan Cathy, will take on both roles.

RBS to pay $154 million to settle SEC probe

11/07/2013 12:12pm
The Royal Bank of Scotland has reached a $153.7 million settlement with the U.S. Securities and Exchange Commission over an investigation into its mortgage-backed securities.

Americans cut back on credit card use in September

11/07/2013 1:26pm
Americans cut back on using their credit cards in September for the fourth straight month but boosted borrowing in the category that covers auto loans and student debt.

Patriot eyes bankruptcy emergence next month

11/07/2013 2:12pm
Patriot Coal Corp. says it's still on pace to emerge from bankruptcy by the end of the year now that a judge has given the company the go-ahead to send its reorganization plan to creditors for a vote.

Third fire in Tesla Model S reported

11/07/2013 2:42pm
A Tesla Model S electric car caught fire this week after hitting road debris on a Tennessee freeway, the third fire in a Model S in the past five weeks.

Senate committee to hold Yellen hearing next week

11/07/2013 3:02pm
The Senate Banking Committee has announced that it will hold a confirmation hearing next week to consider President Barack Obama's nomination of Janet Yellen to lead the Federal Reserve.

Toll Bros.' $1.6B deal joins homebuilder land rush

11/07/2013 3:08pm
Encouraged by a housing rebound lapping its second year, many U.S. homebuilders are loading up on land and entering new markets as they gear up for next year's spring home-selling season and beyond.

Gap offers upbeat 3Q profit outlook

11/07/2013 3:16pm
Gap Inc. offered an upbeat profit outlook for its third quarter as the clothing chain announced a solid October increase for a key sales yardstick that surpassed analysts' expectations.

Salix Pharma will buy Santarus for $2.12 billion

11/07/2013 3:29pm
Salix Pharmaceuticals will buy Santarus for about $2.12 billion to add to its roster of drugs focused on gastrointestinal disorders.

Mutual funds go from worst to first, again

11/07/2013 3:55pm
Want to know which mutual funds are topping the performance charts this year? Check the ones that struggled last year.

UAW nominates Williams as its next president

11/07/2013 5:19pm
The United Auto Workers has nominated a longtime union organizer as its next president.
 
   
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