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Archive: (24 Stories)

Co-op appoints new senior director amid scandal

12/12/2013 3:22am
Co-operative Group, the British mutual, has appointed a former Treasury minister to oversee a review of governance at its banking unit, whose former chairman resigned amid allegations of drug use.

Exxon: Rising living standards propel energy needs

12/12/2013 4:03am
Exxon Mobil says the drive for higher living standards around the world will keep demand for electricity and transportation fuels growing even as economies get more efficient and governments put a price on pollution.

Finland's Fortum in $3.5 billion electricity deal

12/12/2013 7:33am
Finnish utility Fortum Corp. is selling its electricity distribution sector in Finland to international and Finnish investors for 2.55 billion euros ($3.51 billion) and is preparing for the possible sale of similar businesses in Sweden and Norway.

GM sells 8.5 percent stake in Ally Financial

12/12/2013 9:39am
General Motors says it has sold its 8.5 percent stake in Ally Financial for about $900 million.

Pay gains for young women; inequality still seen

12/12/2013 9:49am
About 75 percent of young women believe the U.S. needs to do more to bring about equality in the workplace, a new study finds.

FCC chairman: Calls on planes up to each airline

12/12/2013 10:04am
As one part of the federal government looks to remove restrictions on making phone calls from airplanes, another agency is apparently considering its own prohibition.

US cars and trucks hit record gas mileage in 2012

12/12/2013 10:05am
New cars and trucks sold in the U.S. last year got an average of 23.6 miles per gallon in combined city and highway driving, a record that came mainly through improvements to engines and transmissions, according to the Environmental Protection Agency.

Are more Dorito-flavored foods on the way?

12/12/2013 10:17am
Dorito dust may be the new salt for more restaurant chains.

28 states ask FDA to rethink painkiller approval

12/12/2013 11:09am
More than two dozen state prosecutors are asking the Food and Drug Administration to reconsider its approval of a powerful new painkiller called Zohydro, saying that the narcotic pill could add to the national epidemic of prescription drug abuse.

Lululemon shares fall after weak forecast

12/12/2013 11:16am
Lululemon's image problems are starting to take a toll on its business, the yoga clothing seller's executives acknowledged Thursday.

VW replaces head of struggling US division

12/12/2013 12:28pm
Automaker Volkswagen said Thursday it was replacing the head of its U.S. division, which has struggled to reach sales goals.

Merrill paying $131.8M to settle SEC charges

12/12/2013 12:30pm
Merrill Lynch has agreed to pay $131.8 million to settle U.S. civil charges that it misled investors about risky mortgage bonds it sold ahead of the 2008 financial crisis.

Smart Spending: Buy these items after Christmas

12/12/2013 12:31pm
It's December, the malls are bustling and "Sale" signs are everywhere. Good time to grab the deals? Not so fast.

Top US auto safety regulator to step down

12/12/2013 12:49pm
America's top auto safety regulator is stepping down.

Ford plans 23 new cars, 11,000 new jobs in 2014

12/12/2013 2:08pm
Ford Motor Co. says it will hire more than 11,000 people in the U.S. and Asia next year to support an aggressive rollout of new vehicles.

As IPO market booms, Hilton shares jump in debut

12/12/2013 3:10pm
It's a suite day for Hilton investors.

Holiday shopping spree not for everyone

12/12/2013 3:13pm
Many Americans are watching the annual holiday spending ritual from the sidelines this year.

Great expectations for an investment rotation

12/12/2013 3:54pm
After years of sticking with plain-vanilla bond funds, investors are starting to turn their backs on them and opt for stocks instead. The move isn't big enough to be the "great rotation" from bonds to stocks that many experts predicted -- it's more of a good rotation -- but fund managers say more is on the way.

Experimental diabetes drug makes comeback

12/12/2013 4:02pm
A panel of federal health advisers has overwhelmingly backed the benefits of an experimental diabetes drug that uses a new method to reduce blood sugar, setting aside previous concerns about the pill's safety.

Aramark Holdings shares rise in debut

12/12/2013 4:06pm
Shares of Aramark Holdings Corp. rose Thursday after the seller of food and drinks at stadiums, hospitals and corporate offices raised $725 million in its initial public offering.

United Tech predicts 2013 earnings, revenue gains

12/12/2013 4:46pm
United Technologies Corp. is forecasting earnings just shy of Wall Street's forecast.

Coca-Cola shuffles exec ranks at US operations

12/12/2013 5:55pm
Coca-Cola is shuffling its executive ranks and organizational structure at its North America business, which has struggled with a decline in soda sales.

Brennan's battle in New Orleans takes a new turn

12/12/2013 6:04pm
The struggle for control of the shuttered Brennan's Restaurant in New Orleans has taken a new turn: A federal appeals court has issued a ruling that essentially puts Theodore "Ted" Brennan and his daughter in charge _ reversing a lower court ruling in favor of Ted's brother, Owen "Pip" Brennan.

American Airlines orders 90 regional jets

12/12/2013 9:14pm
American Airlines, fresh out of bankruptcy and newly merged with US Airways, said Thursday that it will buy 90 new regional jets from Brazil's Embraer S.A. and Canada's Bombardier Inc. and use them to replace smaller, less fuel-efficient planes.