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Archive: (14 Stories)

Tyco selling South Korean security arm for $1.93B

03/03/2014 5:01am
Fire protection and security company Tyco is selling its South Korean security business to asset manager The Carlyle Group for about $1.93 billion.

UIL Holdings to buy Philadelphia Gas Works

03/03/2014 5:08am
UIL Holdings says it will expand its natural gas business by spending $1.86 billion in cash to buy the operations of Philadelphia Gas Works, which serves about 500,000 customers.

Bad weather bites Olive Garden, Red Lobster

03/03/2014 6:32am
The parent company of Olive Garden and Red Lobster said bad winter weather, along with expenses related to its plan to split off its Red Lobster chain, hurt its third-quarter net income.

Buffett: Climate change not causing more disasters

03/03/2014 7:05am
Warren Buffett says the rate of disasters that Berkshire Hathaway's insurance companies see hasn't changed because of extreme weather.

Buffett says rail tank cars need upgrades for oil

03/03/2014 7:11am
Investor Warren Buffett says it's clear that railroad tank cars carrying crude oil need to be updated because oil from certain regions has the potential to be more dangerous than previously thought.

GM blames weather as Feb. sales drop 1 percent

03/03/2014 7:39am
General Motors' U.S. sales fell 1 percent last month as winter storms pounded much of the nation.

Men's Wearhouse, Jos. Bank signal they're talking

03/03/2014 7:55am
Men's Wearhouse and Jos. A. Bank Clothiers Inc. are moving a bit closer to a possible combination, announcing they are exchanging certain confidential information with each other.

Buffett says economy continues to grow steadily

03/03/2014 8:00am
Investor Warren Buffett says the economy continues the steady improvement that began in fall of 2009 and he remains optimistic despite Russia's advance into Ukraine.

Ford's US sales down 6 pct in February

03/03/2014 8:06am
Ford's U.S. sales dropped 6 percent in February as winter weather kept many buyers at home.

US manufacturers grow as orders, stockpiles rise

03/03/2014 8:19am
U.S. manufacturing activity expanded more quickly last month as companies received more orders and boosted their stockpiles. But a measure of production fell to its lowest level in nearly five years, likely a casualty of severe winter weather.

Energy costs boosted US consumer spending in Jan.

03/03/2014 8:23am
Americans spent more in January, but the increase came from a surge in spending on heating bills during the harsh winter. Spending in areas such as autos and clothing declined.

Airlines cancel nearly 2,300 flights

03/03/2014 8:37am
Airlines canceled nearly 2,300 flights Monday as the latest winter storm hit the U.S. East Coast.

GM, Ford, Toyota Feb. sales fall, weather blamed

03/03/2014 8:53am
General Motors, Ford and Toyota reported U.S. sales declines last month as frigid temperatures and snowstorms pounded much of the nation.

US construction spending up 0.1 percent in January

03/03/2014 8:59am
U.S. construction spending showed a tiny increase in January as strength in housing helped to offset declines in nonresidential building and government projects.