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Archive: (19 Stories)

Survey points to pick-up in global M&A

10/28/2013 4:31am
Growing optimism over the global economy is likely to lead to a marked pick-up in the number of mergers and acquisitions over the coming months, a survey of executives found Monday.

Liberty Global plans asset sale for about $1B

10/28/2013 5:31am
Liberty Global plans to sell nearly all of its Chellomedia international content division to AMC Networks in a deal worth about $1.04 billion.

Celestial Seasonings president stepping down

10/28/2013 6:57am
Celestial Seasonings President Peter Burns is stepping down and passing the reins to David Ziegert.

Mosaic pays $1.4B for CF industries phosphate unit

10/28/2013 7:36am
The Mosaic Co. plans to buy the phosphate business of CF Industries in a deal the fertilizer producer values at about $1.4 billion.

Mosaic pays $1.4B for CF industries phosphate unit

10/28/2013 7:55am
The Mosaic Co. plans to buy the phosphate business of CF Industries in a deal the fertilizer producer values at about $1.4 billion.

Martha Stewart Living names board member as CEO

10/28/2013 8:39am
Martha Stewart Living Omnimedia Inc. has tapped the world of metals to find its next CEO.

News Summary: Ranchers vow to survive crisis

10/28/2013 9:37am
DEADLY STORM: A freak early fall blizzard killed tens of thousands of cattle in western South Dakota. Now ranchers are figuring out how to dig out of the financial hole left.

Merck 3Q net income falls on charges, lower sales

10/28/2013 11:10am
Merck & Co.'s third-quarter profit plunged 35 percent because of competition from generic drugs, lower sales of its top-selling medicine, and restructuring and acquisition charges.

CONSOL to sell 5 mines for at least $850M in cash

10/28/2013 11:27am
CONSOL Energy Inc. said Monday it is selling all five of its longwall coal mines in West Virginia to a subsidiary of Ohio-based Murray Energy for a deal that includes $850 million in cash.

Lexus, Toyota top auto reliability survey

10/28/2013 11:52am
Japan's lock on Consumer Reports' vehicle reliability rankings is starting to ease.

Michelin says sales slump in 3rd quarter

10/28/2013 12:11pm
Tire maker Michelin says its revenue slumped 5.8 percent in the third quarter and warned that the weakening U.S. and Canadian dollars would hurt full-year profits.

News Summary: Italy looks abroad for wine sales

10/28/2013 12:16pm
VINO SLIPPING: Italian vintners are looking abroad for buyers as wine-drinking in Italy, one of the world's biggest producers, is hitting record lows.

Billionaire Rubenstein: DC needs to stop bickering

10/28/2013 12:41pm
David Rubenstein gave millions to repair the Washington Monument after a 2011 earthquake left cracks in the stone obelisk.

News Summary: Burger King reports higher profit

10/28/2013 1:11pm
NUMBERS: Burger King says its profit surged in the third quarter as sales rose overseas and it saw lower restaurant expenses, mostly due to selling off more company-owned restaurants to franchisees.

Tesla shares fall on reports of second fiery crash

10/28/2013 2:53pm
Tesla Motors shares dropped Monday after reports of a second fiery crash involving the company's Model S electric car.

Airlines and feds agree to mediator in merger case

10/28/2013 4:59pm
American Airlines, US Airways and the U.S. Justice Department say that they have agreed on a mediator to try to settle the government's lawsuit against the airlines' proposed merger.

Luxury goods sales slow as China demand ebbs

10/28/2013 9:22pm
Chinese shoppers are cutting back on designer duds, leather handbags and pricey watches, putting a drag on global sales of luxury goods, which a study forecasts to expand just 2 percent this year.