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Archive: (21 Stories)

Carrefour shows 2013 growth; Spain, France gain

01/16/2014 4:26am
Big box retailer Carrefour posted solid gains in 2013, as sales grew in Latin America and Asia, rebounded in Spain and France _ two of its biggest markets _ and a turnaround plan took firm hold in the fourth quarter of the year.

Teddy bear maker Steiff loses trademark court case

01/16/2014 4:43am
A top European Union court has struck down a bid by German manufacturer Steiff seeking trademark protection for its characteristic buttoning of its logo into the ear of its teddy bears and other soft toys.

EU Parliament approves official for top ECB post

01/16/2014 6:35am
The European Parliament has approved the nomination of a German central bank official to serve on the top leadership body of the European Central Bank.

Chuck E. Cheese owner agrees to $950M buyout

01/16/2014 8:02am
The parent company of the Chuck. E. Cheese restaurant chain has agreed to be acquired by an affiliate of Apollo Global Management for about $950 million.

Insurer UnitedHealth's 4Q profit rises 15 percent

01/16/2014 10:05am
UnitedHealth Group's fourth-quarter earnings jumped 15 percent to edge above expectations, as the nation's largest health insurer added millions of customers and booked a sizeable gain from a business that doesn't sell insurance.

Treasury sells $3 billion in Ally Financial stock

01/16/2014 10:05am
The Treasury Department announced Thursday it plans to sell 410,000 shares of Ally Financial for $3 billion as part of its ongoing effort to recoup the costs of the $700 billion financial bailout.

EU lawmakers threaten to block new bank authority

01/16/2014 10:19am
European Parliament leaders are threatening to hold up the legislation establishing a common authority to restructure or shut down failing banks.

News Summary: Carrefour shows 2013 growth

01/16/2014 10:44am
TURNAROUND STORY: Big-box retailer Carrefour posted solid gains in 2013, as sales grew in Latin America and Asia, rebounded in Spain and France _ two of its biggest markets _ and a turnaround plan took firm hold in the fourth quarter of the year.

News Summary: Longest European car market slump

01/16/2014 10:45am
END OF THE TUNNEL: The European car market has endured its longest slump ever with a sixth straight year of contraction in 2013, but an unexpected surge in December sales may signal the beginning of a recovery.

CSX warns it will be harder to hit profit targets

01/16/2014 11:34am
CSX warned that it will be more difficult to reach its own profit targets for double-digit growth over the next two years because of ongoing weakness in demand for coal and because last year's results included several large, but one-time benefits.

On the Call: Goldman Sachs CFO on compliance, pay

01/16/2014 11:40am
The sluggish environment for trading in bonds and other securities last year brought a 21 percent drop in Goldman Sachs' fourth-quarter profit. The company has been reducing costs to help offset the decline.

Auto Show: 5 things we learned in Detroit

01/16/2014 12:10pm
A race-worthy Corvette, a sumptuous Mercedes C-Class and other glitzy new models caught the eye at this year's North American International Auto Show, but larger trends in the auto industry were also on display.

Bernanke likens '08 financial crisis to car crash

01/16/2014 12:30pm
In his final public appearance as chairman of the Federal Reserve, Ben Bernanke took a moment to reflect on the 2008 financial crisis and compared it to surviving a bad car crash.

Carlyle Group makes $4.15B offer for J&J business

01/16/2014 12:36pm
Johnson & Johnson said Thursday that it's been offered $4.15 billion by The Carlyle Group for its Ortho-Clinical Diagnostics business, a year after J&J began reviewing strategic options for the blood-testing unit as part of a routine pruning of its extensive family of businesses.

Citi 4Q profit misses forecasts

01/16/2014 2:39pm
Citigroup's fourth-quarter profit fell short of analysts' expectations as its bond and mortgage businesses weakened.

Goldman Sachs says 4Q profit falls 21 percent

01/16/2014 2:42pm
Goldman Sachs reported Thursday that its fourth-quarter profit dropped 21 percent as revenue from mortgages and trading in bonds and other securities weakened.

Best Buy holiday sales fall, shares skid

01/16/2014 3:08pm
Best Buy said Thursday it had disappointing sales during the holiday shopping season, raising concerns about the consumer electronic retailer's ability to turn around its business.

NuSkin stock drops following negative Chinese news report

01/16/2014 3:38pm
Following claims made against NuSkin by the main propaganda machine of China's Communist Party, the company's stock has plunged and an investigation of its operations has been launched.

Capital One 4Q profit rises 2 percent

01/16/2014 3:55pm
Capital One Financial Corp. says its fourth-quarter profit rose 2 percent, even as income earned from loans declined.

Neiman Marcus offers update on credit card breach

01/16/2014 3:58pm
Neiman Marcus Group Ltd. said that customers' Social Security numbers and birthdates to its knowledge were not stolen in a security breach that happened over the holiday season.

AmEx posts higher 4Q profit, revenue

01/16/2014 5:44pm
American Express Co. said Thursday that its net income more than doubled in the fourth quarter, as cardholders boosted spending and borrowing during the holiday season.