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Archive: (28 Stories)

Siemens net profit rises 20 percent, orders up

01/28/2014 1:29am
Industrial equipment maker Siemens AG said quarterly net profit rose 20 percent as the company moved past one-time charges for delays delivering high-speed trains.

Philips earnings rise but cautious on outlook

01/28/2014 4:41am
Royal Philips NV, the world's biggest lighting maker, said Tuesday it sees a brighter future in selling lighting "as a service" to businesses rather than individual lamps to customers, as it reported a rise in fourth quarter earnings.

EU demands Croatia tackle deficit, cut spending

01/28/2014 7:06am
European Union officials on Tuesday demanded Croatia slash its budget shortfall and reduce spending to bring the country's deficit back under the bloc's allowed ceiling.

JC Penney lowers threshold for 'poison pill'

01/28/2014 7:13am
J.C. Penney is bolstering its shareholder rights plan, or "poison pill" _ typically an effort to thwart takeover attempts.

US durable goods orders drop 4.3 percent

01/28/2014 7:14am
Businesses cut back sharply on their orders for long-lasting manufactured goods in December with a key category that signals business investment plans falling by the biggest amount in five months.

Abercrombie & Fitch separates CEO, chairman roles

01/28/2014 7:43am
Abercrombie & Fitch is separating its chairman and CEO roles and expanding its board's size. The teen retailer is also terminating its shareholder rights plan.

Toothpaste goes chocolate with Crest's Be line

01/28/2014 8:16am
Mint chocolate toothpaste?

Apple falls as 1Q performance disappoints

01/28/2014 8:20am
Apple's stock is falling Tuesday after first-quarter results disappointed investors and it provided a cautious second-quarter revenue forecast.

US consumer confidence hits highest since August

01/28/2014 8:49am
U.S. consumer confidence has risen to its highest point since August on the strength of a brighter view of the job market and business conditions.

Martin Marietta buying Texas Industries for $2.06B

01/28/2014 9:12am
Martin Marietta Materials is buying its Texas Industries in an all-stock deal worth $2.06 billion, creating a leading supplier of aggregates and heavy building materials with a strong presence in large, fast-growing markets like California and Texas.

Unemployment rates fall in 39 US states last month

01/28/2014 9:29am
Unemployment rates fell in four-fifths of US states in December and rose in just two, though most of the improvement stemmed from unemployed Americans giving up on their job searches.

A glance at history of store mannequins

01/28/2014 9:29am
Mannequins have a rich century-old history. They're what Dr. Marsha Bentley Hale, one of the world's leading experts on mannequins, calls "significant sociological reflections of our consumer society."

Amer Sports makes strong Q4 profit as sales grow

01/28/2014 10:02am
Sports equipment maker Amer Sports Corp., whose brands include Atomic, Salomon and Wilson, has seen a near sevenfold increase in fourth-quarter profit and a boost in sales mainly due to increased demand for winter sports and fitness equipment. The company's shares surged.

News Summary: Lower sales hurt Pfizer's 4Q net

01/28/2014 11:21am
THE RESULTS: Pfizer beat Wall Street's fourth-quarter expectations for revenue and adjusted earnings per share, reporting $13.56 billion and 56 cents per share. Net income fell 59 percent to $2.57 billion.

Bodum coffee presses sold at Starbucks recalled

01/28/2014 12:01pm
Bodum USA is recalling 28,000 coffee presses sold exclusively at Starbucks due to the potential risk for lacerations and burns.

Pfizer's 4Q net plunges on charges, sales decline

01/28/2014 12:03pm
Drugmaker Pfizer's fourth-quarter profit plunged 59 percent because of discontinued operations, restructuring and other charges, and generic competition continuing to bleed sales of former blockbuster medicines.

Ford 4Q profit beats forecasts; revenue up 4 pct.

01/28/2014 12:46pm
Ford Motor Co. enjoyed one of the best years in its history in 2013, but the celebration won't last long.

State of the US economy: strongest since recession

01/28/2014 1:12pm
The U.S. economy is showing more strength than at any time since the Great Recession began six years ago.

Ford finishes 2013 strong, but faces a tough year

01/28/2014 1:26pm
Ford Motor Co. enjoyed one of the best years in its history in 2013, but the celebration won't last long.

American Airlines 4Q results beat expectations

01/28/2014 1:37pm
As American Airlines flies into its first year after merging with US Airways, fares are up, fuel costs are down, and the company is beating Wall Street's profit predictions.

A Super Bowl ad is born: how 3 ads were created

01/28/2014 2:14pm
A timely Tweet that was praised. A story of a baby Clydesdale growing up that tugged at heart strings. A Jamaican accent that caused controversy.

Penney, A&F: Different steps with poison pill

01/28/2014 2:49pm
Two struggling retailers, J. C. Penney and Abercrombie & Fitch, are taking opposite approaches on a popular defense aimed at deterring unwanted takeover attempts.

Mannequins get a makeover to look more realistic

01/28/2014 3:02pm
The one-size-fits-all mannequin is getting a much-needed makeover.

DuPont's 4Q profit tops view, plans $5B buyback

01/28/2014 3:54pm
DuPont Co. said Tuesday that strong seed and insecticide sales, lower taxes and cost controls helped double its fourth-quarter net income, and the chemicals giant announced plans to buy back $5 billion of its shares to boost shareholder returns.

Turkish central bank hikes key rate to boost lira

01/28/2014 4:11pm
Turkey's central bank has sharply raised its key interest rate to 12 percent from 7.75 percent to try to stave off inflation and support the national currency, which has fallen sharply in recent weeks.

Central banks in emerging markets take action

01/28/2014 4:55pm
Following a bout of market turmoil that's weighed on their currencies, central banks in emerging economies are moving fast to contain the damage.

Amgen 4Q profit leaps 30 percent on higher sales

01/28/2014 5:26pm
Amgen Inc.'s fourth-quarter profit jumped 30 percent mainly due to a tax benefit from prior-year audits, an acquisition and higher sales for nearly all its drugs _ much of it from price hikes.

Utahns among thousands nationwide who can't pay medical bills

01/28/2014 9:14pm
Medical bills are a burden for thousands of Americans. A new study from the Centers for Disease Control and Prevention shows one in four Americans couldn't pay for medical bills in 2012, which is up from 2011.