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Archive: (21 Stories)

Delta CEO calls for open skies in Japan

07/31/2013 12:52am
The CEO of Delta Air Lines is urging the Japanese government to open the country's skies to greater competition from foreign airlines.

US spirits sales lift Diageo's full-year profits

07/31/2013 2:24am
Drinks company Diageo PLC says rising spirits consumption in the U.S. helped its profit in the year to end-June to swell by 28 percent to 2.48 billion pounds ($3.79 billion).

Kodak outlines plans for CEO's departure

07/31/2013 5:26am
Kodak is providing a clearer picture of its post-reorganization management plans, saying that CEO Antonio Perez will likely be replaced in the first year after it emerges from bankruptcy protection.

Siemens appoints finance chief Kaeser as CEO

07/31/2013 5:49am
Siemens appointed finance chief Joe Kaeser as its new chief executive on Wednesday, handing a manager with over 30 years' experience at the industrial conglomerate the task of improving its fortunes after missed profit targets led to the departure of predecessor Peter Loescher.

Report shows US economic growth stronger in 2012

07/31/2013 6:32am
The government says the U.S. economy grew at a much faster pace last year than previously estimated. The revised growth figures signal a more sustainable economic recovery and help explain why job growth has accelerated this year.

MasterCard 2Q earnings climb as revenue grows

07/31/2013 7:26am
Mastercard, the payments processing company, reported a 19 percent increase in its second-quarter profit as more people worldwide used its debit and credit cards to make payments.

Energizer buys feminine hygiene brands for $185M

07/31/2013 8:23am
Battery and consumer products maker Energizer Holdings Inc. says it is buying feminine care brands including Stayfree, Carefree and o.b. from Johnson & Johnson for $185 million in cash.

US crude oil supplies rise by 400,000 barrels

07/31/2013 8:46am
The nation's crude oil supplies increased last week, the government said Wednesday.

How Fed policymakers affect the economy

07/31/2013 12:10pm
The Federal Reserve's chief policymaking group, the Federal Open Market Committee, has vast power over the economy through its ability to set monetary policy.

The airlines' endless quest for better boarding

07/31/2013 12:35pm
Getting people on and off an airplane quickly is so complicated that even an astrophysicist couldn't figure it out.

FDA warns of massive diabetes test strip recall

07/31/2013 1:11pm
The Food and Drug Administration is warning patients with diabetes about the recall of 62 million glucose test strips used to measure blood sugar levels.

Kids' outdoor furniture recalled over lead paint

07/31/2013 1:15pm
Federal regulators said Wednesday that 14,000 sets of ladybug-themed kids' outdoor furniture are being recalled due to excessive levels of lead paint.

US judge strikes Fed's cap on debit 'swipe' fees

07/31/2013 2:14pm
A federal judge has struck down a rule setting a cap on the fees that banks can charge merchants for handling debit card purchases. He said the Federal Reserve didn't have the authority to set the limit the way it did in 2011, improperly including data that made the cap too high.

FDA warns of massive diabetes test strip recall

07/31/2013 2:15pm
The Food and Drug Administration is warning patients with diabetes about a recall of up to 62 million glucose test strips used to measure blood sugar levels that can show incorrect, abnormally high blood sugar readings.

SEC investigates IBM's cloud computing revenue

07/31/2013 2:53pm
IBM says federal regulators are looking into how the company reports sales for its cloud-computing business.

Ackman builds nearly 10 pct. Air Products stake

07/31/2013 3:06pm
Stock in Air Products and Chemicals hit an all-time high Wednesday after Bill Ackman's Pershing Square revealed that it had taken nearly a 10 percent stake in the industrial gas supplier.

DuPont wins fight for South African seed company

07/31/2013 3:10pm
After a nearly three-year battle with South African regulators, DuPont Co. said Wednesday that it has completed the purchase of a majority stake in South Africa's Pannar Seed. The deal greatly expands the chemical and seed company's access to new markets, and will help it boost research efforts and seed availability for farmers in Africa.

Financial considerations for homebuyers over 40

07/31/2013 4:39pm
It's often the most daunting and emotionally taxing item on one's financial to-do list: Buying a home.

Southern Co. quarterly earnings drop to $297M

07/31/2013 5:00pm
The Southern Co. utility said Wednesday that it took a $297 million after-tax loss on a Mississippi power plant and abandoned its attempt to raise its budget for a nuclear plant in Georgia.

White House taps Raskin for No. 2 Treasury job

07/31/2013 5:34pm
President Barack Obama is nominating Sarah Bloom Raskin, a member of the Federal Reserve board, to the second-highest position at the Treasury Department.

Whistleblower suit: Hospitals defrauded Medicaid

07/31/2013 7:20pm
Two large hospital operators paid kickbacks to clinics that directed expectant mothers living in the country illegally to their hospitals and filed fraudulent Medicaid claims on those patients, a federal whistleblower lawsuit unsealed Wednesday said.