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September 30th, 2014
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Archive: News / Biz / Business & Finance (17 Stories)

Daimler takes 12 percent stake in Chinese partner

11/19/2013 4:24am
Daimler AG has taken a 12 percent stake in its Chinese partner Beijing Automotive Group for 625 million euros ($845 million), expanding its footprint in the fast-growing China auto market.

US employment costs up 0.4 percent in 3Q

11/19/2013 6:45am
Compensation costs for U.S. workers rose modestly in the July-September quarter as the cost of benefits such as health insurance rose more rapidly than wages and salaries.

DSM, private equity firm, buy drugmaker Patheon

11/19/2013 7:51am
Dutch chemicals maker Royal DSM NV and private equity firm JLL are teaming up to buy Canada's Patheon Inc. for $195 million (145 million euros) so they can combine it with DSM's pharmaceuticals arm and then spin off the new combination as a separate company.

Ford to inspect 386,000 cars for steering trouble

11/19/2013 8:35am
Ford Motor Co. will inspect 386,000 large sedans in the U.S. to make sure they don't have a steering problem that caused a recall in August.

Gates chokes up at Ballmer's shareholder goodbye

11/19/2013 10:04am
Microsoft chairman Bill Gates choked up while reading from prepared remarks during Steve Ballmer's final shareholders meeting as chief executive.

Butterball mystery: Turkeys wouldn't fatten up

11/19/2013 10:23am
Butterball apparently has big fat mystery on its hands: The company says it doesn't know why some of its turkeys wouldn't plump up in time for Thanksgiving this year.

Best Buy posts 3Q profit, sales flat

11/19/2013 12:12pm
Best Buy says it Is committed to "winning" the holiday season with price matching, doorbusters and deals as well as its earliest ever opening hours on Thanksgiving _ even if that means profit pressure for the electronics retailer in the fourth quarter.

United aims for $2B in cost savings

11/19/2013 12:55pm
United Airlines said Tuesday that it will cut costs, overhaul its website, and shift flying from Asia to Europe as it aims to keep shareholders happy.

Ford to debut new Mustang next month

11/19/2013 1:36pm
Ford will reveal an all-new version of its Mustang sports car on Dec. 5.

Florida businesses eye Mideast aviation bonanza

11/19/2013 3:03pm
Tucked near the back of one of the world's largest airshows is a modest pavilion for the state of Florida, where a handful of businesses are trying to get a piece of the billions being invested in the aviation industry by wealthy Arab governments.

J&J to pay $2.5B to settle hip replacement suits

11/19/2013 3:21pm
Johnson & Johnson says it will pay $2.5 billion to settle thousands of lawsuits brought by hip replacement patients who accuse the company of selling faulty implants that led to injuries and additional surgeries.

Kicking the can: Campbell hit by fresh-food shift

11/19/2013 3:27pm
Americans' shift toward fresh foods is kicking Campbell Soup right in the can.

US safety agency opens probe into Tesla fires

11/19/2013 4:12pm
The U.S. government's auto safety watchdog is investigating whether Tesla's Model S electric car is vulnerable to fires because roadway debris can pierce the car's underbody and battery.

Employee stationed in Philippines helps coordinate typhoon aid for Utah company

11/19/2013 6:59pm
A Logan business is working to help some of its own employees in the Philippines who were affected by the devastating typhoon that hit the country on Nov 8. A Utah man stationed there became the perfect person to coordinate their efforts.

Jaguar unveils new F-Type coupe at LA Auto Show

11/19/2013 8:31pm
The F-Type convertible, which went on sale in the spring, was Jaguar's first two-seat sports car in 50 years. Now the company's adding a hardtop version.

JPMorgan $13B deal may not end bank's legal woes

11/19/2013 10:02pm
The $13 billion settlement that JPMorgan Chase agreed to Tuesday is the largest ever between the Justice Department and a corporation. Yet it isn't likely the end of the bank's legal troubles over the risky mortgage securities it sold before the financial crisis.

Corporations still deal-shy even as stocks surge

11/19/2013 10:03pm
A surging stock market usually comes with a boom in corporate deal-making.
 
   
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