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Archive: (16 Stories)

Budvar beer exports reach record high in 2013

01/08/2014 3:05am
Czech state-owned brewery Budejovicky Budvar, which has been fighting a long legal battle with U.S. beer giant Anheuser-Busch over the use of the "Budweiser" brand, says its overall output and exports reached record highs in 2013.

Forest Labs buying Aptalis for $2.9 billion

01/08/2014 6:21am
Forest Laboratories is buying Aptalis, which specializes in treatments for gastrointestinal problems and cystic fibrosis, for $2.9 billion in cash.

ShopperTrak: Holiday sales up 2.7 pct

01/08/2014 7:29am
A last-minute shopping surge helped holiday sales wrap up better than expected, according to one measure. But stores had to discount heavily to lure shoppers.

Germans defend exports as US Treasury's Lew visits

01/08/2014 8:04am
Germany's finance minister dismissed criticism of his country's export strength as his U.S. counterpart pressed for Europe's biggest economy to do more to fuel domestic demand.

Barnes & Noble promotes Nook head to CEO

01/08/2014 9:25am
Book seller Barnes & Noble has promoted the head of its Nook business to chief executive of company.

Monsanto 1Q profit climbs on biotech soybean sales

01/08/2014 9:41am
Monsanto reported better-than-expected first quarter earnings Wednesday on higher sales of the company's biotech soybean seeds and its signature herbicide Roundup.

News Summary: German turns near record surplus

01/08/2014 10:21am
CATBIRD SEAT: Germany's trade surplus widened to a near record in November, official figures showed, in a development that may add fuel to the concerns from some corners that the country is not spending enough to help out its struggling partners in Europe.

FDA approves diabetes drug with new approach

01/08/2014 11:01am
The Food and Drug Administration on Wednesday approved a new diabetes drug from Bristol-Myers Squibb and AstraZeneca that uses a novel approach to reduce blood sugar.

Tipping model may be changing, report says

01/08/2014 11:15am
A new trend report of restaurants indicates that many upscale restaurants may be ready to shift away from America's traditional gratuity-based pay system.

Loehmann's liquidation sales begin Thursday

01/08/2014 12:46pm
Loehmann's, a discount retailer which traces its roots back more than 90 years, says it will begin liquidating inventory Thursday.

Elliott makes bid for Riverbed Technology

01/08/2014 1:43pm
Elliott Management Corp. said Wednesday it has offered to buy computer networking equipment maker Riverbed Technology Inc. for $19 per share.

Delta to install new seats, bins on 225 planes

01/08/2014 1:47pm
Delta Air Lines says it will install new seats and bigger overhead bins on many of the planes it flies within the U.S. It's squeezing more seats onto many of those planes, too.

Airlines dig out of freeze, fewer flights scrubbed

01/08/2014 3:02pm
Airport terminals took on a more normal look Wednesday as U.S. airlines canceled far fewer flights and began the job of digging out from a blast of polar air.

Macy's cutting 2,500 jobs in reorganization

01/08/2014 3:24pm
Macy's Inc. is cutting 2,500 jobs as part of a reorganization to sustain its profitability.

VW to show off Passat concept with 42 mpg highway

01/08/2014 6:43pm
Would you buy a midsize car that can haul a small family and still get 42 miles per gallon of gas on the highway?

Ill omen for 2014? Stocks stumble in new year

01/08/2014 10:02pm
The stock market's bearish beginning to 2014 stands in stark contrast to its surge out of the gate last year.