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Archive: (19 Stories)

Litigation costs weigh on Credit Suisse's Q4

02/06/2014 3:46am
Litigation costs weighed on Switzerland's second-largest bank, Credit Suisse, in the fourth quarter.

Volvo to cut 4,400 jobs in 2014

02/06/2014 3:48am
Truck maker AB Volvo said it plans to lay off 4,400 employees this year as it revealed a 37 percent slide in fourth quarter profits.

GI Joe, the world's first action figure, turns 50

02/06/2014 5:20am
G.I. Joe is turning 50.

Sanofi earns soar on lower restructuring costs

02/06/2014 5:37am
French drug maker Sanofi said Thursday its earnings soared in the fourth quarter as lower restructuring costs offset a hefty charge related to one of its key multiple sclerosis treatments.

Twenty-First Century Fox 2Q profit falls 49 pct

02/06/2014 6:52am
Twenty-First Century Fox says its fiscal second-quarter net income dropped 49 percent, mainly as a result of acquisition-related costs.

Wider trade gap may mean slower Q4 economic growth

02/06/2014 7:31am
The U.S. trade deficit widened in December after hitting a four-year low in November. But for 2013, the gap reached its lowest point since 2009 as exports rose to a record.

Aetna's 4Q profit jumps 94 pct, misses forecasts

02/06/2014 8:15am
Aetna Inc.'s fourth-quarter profit nearly doubled, thanks in part to a $6.9 billion acquisition, but the nation's third largest health insurer missed Wall Street's earnings expectations.

The ruthless strategist changing how we pay to fly

02/06/2014 8:28am
Ben Baldanza, the CEO of Spirit Airlines, leans over his kitchen table, takes another look at the board and plots out his strategy.

Philip Morris Int'l 4Q profit falls 5 percent

02/06/2014 9:12am
Philip Morris International Inc. said Thursday its fourth-quarter profit dropped 5 percent as cigarette sales fell in most of its markets despite commanding higher prices.

US productivity grew at 3.2 percent rate in Q4

02/06/2014 9:46am
U.S. productivity growth slowed in the fourth quarter while labor costs kept falling. For the year, productivity turned in another weak gain.

Kellogg cereals struggle to keep spot at the table

02/06/2014 9:58am
Kellogg's cereals keep getting pushed aside at the breakfast table.

Fears of slowdown sharpen focus on US jobs report

02/06/2014 10:46am
Fears of an economic slowdown are heightening anticipation of what Friday's U.S. jobs report for January might reveal.

Lee Enterprises fiscal 1Q net income falls 18 pct

02/06/2014 11:20am
Lee Enterprises says its fiscal first-quarter net income fell 18 percent as revenue slipped.

New York Times 4Q net income tumbles

02/06/2014 11:21am
The New York Times Co. said Thursday its fourth-quarter net income tumbled 63 percent, hurt by comparisons with the same period a year earlier that saw a hefty one-time gain and an extra week of revenue. The company's earnings still beat Wall Street predictions.

GM spending on vehicles, regions dent bottom line

02/06/2014 12:59pm
General Motors spent billions last year rolling out new models to update its lineup of cars and trucks and restructuring to fix longstanding problems overseas.

Retail sales expected to improve in 2014

02/06/2014 2:39pm
The nation's largest retail trade group expects retail sales will increase at a slightly faster pace this year than last as continued improvements in jobs and housing should help shoppers feel more confident about spending.

Oreo maker Mondelez to close Philadelphia bakery

02/06/2014 3:12pm
Mondelez International Inc., the maker of Oreo cookies and Ritz crackers, said Thursday that it will close a Philadelphia bakery by 2015 as part of a plan to restructure its supply chain and save money.

AP promotes Gwizdowski and Kaiser

02/06/2014 3:52pm
The Associated Press named broadcast executive David Gwizdowski as its senior vice president responsible for revenue in the Americas and promoted Karen Kaiser to senior vice president, general counsel and corporate secretary.

Illinois Tool Works sells packaging unit for $3.2B

02/06/2014 5:55pm
Illinois Tool Works is selling its packaging division to The Carlyle Group for $3.2 billion and plans to use the money to buy back shares.