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Archive: (21 Stories)

5 ways China's slowdown will ripple across globe

02/11/2014 5:02am
The reaction was slow in coming, but financial markets and corporate bosses have been jolted awake to China's relentless growth decline and are scrambling to cope with wrenching changes in global business.

Nestlé exchanges stake in L'Oreal for Galderma

02/11/2014 5:41am
Swiss food and drink group Nestle is creating a new unit for medical skin treatments via a deal that reduces its stake in French cosmetics company L'Oreal.

Mallinckrodt buying Cadence Pharma for $1.21B

02/11/2014 5:45am
Health care products company Mallinckrodt is buying Cadence Pharmaceuticals Inc. for about $1.21 billion to help enhance its specialty pharmaceuticals segment.

Mallinckrodt buying Cadence Pharma for $1.21B

02/11/2014 6:07am
The health care products company Mallinckrodt is buying Cadence Pharmaceuticals for about $1.21 billion in a bid to strengthen its specialty drugs unit.

US wholesale stockpiles rise 0.3 percent December

02/11/2014 8:18am
U.S. wholesale businesses increased their stockpiles in December at the slowest pace since last summer, another sign that the economy lost some momentum at the end of 2013.

NJ festival lets you eat, drink, floss with bacon

02/11/2014 8:20am
Get ready for bacon like you've never eaten, drunk or worn it before.

Reynolds American 4Q profit more than doubles

02/11/2014 9:03am
Reynolds American Inc.'s fourth-quarter profit more than doubled as higher prices and lower legal expenses offset a decline in cigarette sales, and it benefited from an easy comparison with last year.

US job openings fall in December from 5-year high

02/11/2014 9:48am
U.S. employers posted fewer job openings in December and hiring slowed, adding to evidence that the job market weakened that month.

Entergy 4Q results top Wall Street's view

02/11/2014 10:33am
Entergy said Tuesday that its fourth-quarter net income dropped 50 percent, hampered in part by some higher expenses and a comparison to year-ago results that included income tax benefits.

Charter to push slate for Time Warner Cable board

02/11/2014 11:08am
Charter Communications Inc. said Tuesday that it's nominating a full slate of 13 candidates for election to Time Warner Cable Inc.'s board as it pushes forward with its $38 billion hostile takeover bid.

CVS Caremark 4Q profit jumps more than 12 pct

02/11/2014 11:11am
CVS Caremark shares outpaced the broader market Tuesday after the drugstore chain raised its earnings forecast for the start of 2014 and reassured investors that its business can absorb the financial hit coming from a decision to stop selling tobacco products.

Panel votes down heart safety claim for naproxen

02/11/2014 11:30am
A majority of federal health experts said Tuesday that new research is not strong enough to conclude that naproxen, the pain reliever in Aleve and many other medications, is safer on the heart than rival drugs used by millions of Americans to treat arthritis and everyday aches and pains.

Graco recalling nearly 3.8M child car seats

02/11/2014 2:45pm
Graco is recalling nearly 3.8 million car safety seats because children can get trapped by buckles that may not unlatch. But the company has drawn the ire of federal safety regulators who say the recall should include another 1.8 million rear-facing car seats designed for infants.

Widest earnings gap for college grads in 48 years

02/11/2014 3:09pm
The earnings gap between young adults with and without bachelor's degrees has stretched to its widest level in nearly half a century. It's a sign of the growing value of a college education despite rising tuition costs, according to an analysis of census data released Tuesday.

Procter & Gamble lowers profit outlook for 2014

02/11/2014 3:26pm
P&G says currency rate changes in Venezuela, Argentina and other developing countries are hurting its profitability.

Chick-fil-A to use chicken without antibiotics

02/11/2014 3:34pm
Chick-fil-A said Tuesday it plans to serve only chicken raised without antibiotics within the next five years.

Details of the Graco child seat recall

02/11/2014 3:54pm
Graco, the Atlanta-based maker of baby and children's products, said Tuesday it's recalling nearly 3.8 million car safety seats sold between 2009 and 2013 because children can get trapped by buckles that may not unlatch.

Yellen rebuffs Fed critics and pleases investors

02/11/2014 4:27pm
Janet Yellen pursued a simple strategy Tuesday for handling a battery of lawmakers who came armed with skepticism about the Federal Reserve.

2 Hong Kong firms paying $10.9M in SEC settlement

02/11/2014 5:46pm
Two Hong Kong investment firms have agreed to pay a total of $10.9 million to settle U.S. regulators' allegations of insider trading prior to the takeover of a Canadian oil and gas producer by China's state-owned oil company CNOOC.

China's trade growth accelerates in January

02/11/2014 9:50pm
China's trade growth accelerated in January, possibly helping to ease fears about a slowdown in the world's second-largest economy that could dent global demand.

Late-payment rate on mortgages falls in 4Q

02/11/2014 10:02pm
U.S. homeowners are doing a better job of keeping up with mortgage payments, a trend that has reduced the rate of late payment on home loans to the lowest level in more than five years.