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Archive: (13 Stories)

Lloyds Banking Group's Q3 net loss widens

10/29/2013 6:05am
Britains' part-nationalized Lloyds Banking Group has posted a sharply wider third-quarter loss, hurt by costs incurred from asset sales.

BP sees profit drop in Q3 but raises dividend

10/29/2013 7:01am
U.K. oil company BP reported a 34 percent drop in third-quarter net profit, but said Wednesday it will increase its quarterly dividend and divest another $10 billion in assets.

Pfizer 3Q net falls due to generics, higher costs

10/29/2013 7:39am
Pfizer Inc. says third-quarter profit dropped 19 percent as generic competition continued to cut sales, while lower operational expenses failed to offset higher taxes and one-time charges.

Outside drop in autos, US retail spending rises

10/29/2013 8:15am
A sharp drop in auto sales caused largely by a calendar quirk lowered U.S. retail spending in September. But Americans spent more on most other goods, showing some confidence in the economy before much of the government shut down.

Ground workers at United approve new contract

10/29/2013 8:50am
A new labor deal for 28,000 baggage handlers and other ground workers at United Airlines gives raises to the workers and gets the airline closer to fully absorbing Continental.

Barneys case stirs talk of 'Shopping While Black'

10/29/2013 11:28am
The usual scenario involves suspicious glances, inattentive clerks or rude service _ not handcuffs.

Watchdog: Treasury to lose $9.7B on bailout of GM

10/29/2013 11:29am
A watchdog says the U.S. government expects to lose $9.7 billion on its bailout of General Motors.

Dutch bank paying $1B to settle LIBOR charges

10/29/2013 11:38am
Rabobank of the Netherlands has agreed to pay about $1 billion to settle U.S., British and Dutch charges of manipulating a key global interest rate. The bank's chairman resigned as it became the fifth financial firm sanctioned in the international rate-rigging scandal.

Google Plus adds more tools to edit photos, video

10/29/2013 12:59pm
Google is introducing more tools to automatically edit images posted on its Plus networking service in its latest attempt to lure traffic away from Facebook and other online hangouts.

Sears considering spinning off Lands' End

10/29/2013 1:40pm
It's like watching an old friend slowly fall apart.

Eastman Kodak to list shares on NYSE on Friday

10/29/2013 2:22pm
Eastman Kodak Co. says it will list its common shares on the New York Stock Exchange and begin trading Friday as the company's recovery continues.

LinkedIn posts 3Q net loss but revenue grows

10/29/2013 4:03pm
LinkedIn Corp. posted a loss for the third quarter on Tuesday, but the results were stronger than Wall Street expected as the professional networking service boosted its user base and increased revenue.

$600,000 fine issued to Utah oil producer for EPA violation

10/29/2013 9:14pm
Newfield Exploration Co., the largest producer of crude oil in Utah, has agreed to pay a $600,000 fine for violating federal regulations on the Uintah and Ouray Indian Reservation.