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Archive: (13 Stories)

UK's Co-op Bank to shut 50 branches in rescue plan

11/04/2013 6:42am
Co-operative Group, the U.K.'s biggest mutual business, said Monday it had agreed on a revised rescue plan to plug a 1.5 billion-pound ($2.4 billion) hole in its finances.

News Summary: Kellogg to cut 7 pct of workforce

11/04/2013 7:36am
JOB CUTS: Kellogg Co. plans to trim its global workforce by 7 percent over the next four years. It's also consolidating plants and taking other cost-cutting measures as part of a plan it's calling "Project K."

News Summary: Court hearing on BP settlement

11/04/2013 9:44am
SECOND OPINION: A federal appeals court is set to hear dueling arguments on whether a judge should have approved BP's multibillion-dollar settlement for compensating victims of its 2010 oil spill in the Gulf of Mexico.

Kellogg CEO: Kashi cereal got too 'mainstream'

11/04/2013 10:50am
Kashi cereal, once a favorite of the health-food set, has gotten too mainstream.

Argentina's Grupo Clarin would split into 6 parts

11/04/2013 11:22am
Argentina's Grupo Clarin announced Monday how it would break itself into six separate companies to comply with the country's law against broadcast media monopolies.

Tri Pointe Homes to combine with Weyerhaeuser unit

11/04/2013 11:32am
Tri Pointe Homes Inc. is combining with Weyerhaeuser Co.'s homebuilding business in a deal valued at about $2.7 billion, looking to become a bigger player in the sector as the housing market continues its recovery.

Carnival shakes up management team

11/04/2013 11:32am
Carnival is shaking up its management team in an effort to rebuild after several mishaps drove passengers away.

Carnival shakes up management team

11/04/2013 12:29pm
Carnival Corp. is shaking up its management team in an effort to rebuild its business after a deadly accident and several other mishaps drove passengers away.

Questions on SAC Capital's insider trading case

11/04/2013 3:03pm
It has been dubbed an epic insider trading case, unmatched in the history of hedge funds.

J&J to pay $2.2B to settle marketing allegations

11/04/2013 3:03pm
Johnson & Johnson has agreed to pay more than $2.2 billion to resolve criminal and civil allegations that the company promoted powerful psychiatric drugs for unapproved uses in children, seniors and disabled patients, the Department of Justice announced on Monday.

T-Mobile says free data offer applies to all

11/04/2013 3:48pm
T-Mobile says its offer of free data for tablet owners is just that _ free.

Holder: Airlines must make concessions to merge

11/04/2013 3:57pm
Attorney General Eric Holder says American Airlines and US Airways must make broad concessions if they want to settle a lawsuit blocking their proposed merger.

Hedge fund giant SAC Capital to pay $1.8B penalty

11/04/2013 10:06pm
A federal prosecutor says the federal government has effectively shut down a hedge fund giant with a deal requiring it to plead guilty to criminal fraud charges and pay a record $1.8 billion, proving that no financial institution is "too big to jail."