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Archive: (24 Stories)

Italy's Eni hit by disruptions in Libya, Nigeria

02/13/2014 3:12am
Italian oil and gas company Eni posted a fourth-quarter loss of 611 million euros ($832 million) due to ongoing difficulties in its Libya and Nigerian operations and weak sales in its main Italian market.

Cashing out: the big 401(k) mistake

02/13/2014 5:24am
Workers' 401(k) balances have never been bigger, thanks to continued contributions and a surging stock market. But many savers continue to make a mistake that's costing them thousands of dollars, if not more.

Starwood 4Q profit falls, but tops Street's view

02/13/2014 6:46am
Starwood Hotels & Resorts Worldwide Inc.'s fourth-quarter net income fell 10 percent, hurt by some charges.

Cashing out: the big 401(k) mistake

02/13/2014 7:46am
Workers' 401(k) balances have never been bigger, thanks to continued contributions and a surging stock market. But many savers continue to make a mistake that's costing them thousands of dollars, if not more.

Comcast empire runs the gamut

02/13/2014 8:56am
Buying Time Warner Cable would add to a Comcast media and cable empire that already runs the gamut from "Saturday Night Live" to Universal Studios theme parks.

US retail sales down 0.4 percent in January

02/13/2014 9:03am
Cold weather across much of the nation contributed to a drop in retail sales in January. Americans spent less on autos and clothes and at restaurants _ a decline that suggests that momentum from consumer spending at the end of 2013 has tailed off.

US businesses boost inventories as sales slow

02/13/2014 9:05am
U.S. businesses restocked their shelves and warehouses at a faster pace in December, but sales slowed, a cautionary sign for the economy.

Burger King: Satisfries helped boost fry orders

02/13/2014 9:16am
Burger King's new lower-calorie french fries didn't spark a stampede to restaurants, but the company says they helped push up sales slightly amid heightened competition.

Germany's Commerzbank returns to profit in Q4

02/13/2014 10:02am
Germany's Commerzbank eked out a small profit in the fourth quarter following heavy losses in the same quarter a year ago, helping it end 2013 in the black and send its stock soaring

Strong North American 4Q leads Goodyear earnings

02/13/2014 10:49am
Strong fourth-quarter results in Goodyear Tire & Rubber Co.'s core North American market helped the tire maker beat Wall Street estimates Thursday.

Nestle: consumer demand to remain weak in 2014

02/13/2014 11:22am
Nestle, the world's biggest food and drinks maker, said Thursday it expects 2014 to be just as challenging as last year amid falling growth in emerging markets and weaker prices in Europe.

PepsiCo sticks by beverages despite struggles

02/13/2014 11:57am
PepsiCo plans to hang onto its struggling North American drinks unit, with hopes that the introduction of naturally sweetened, lower-calorie sodas will help revive sales.

JC Penney CFO Hannah leaving the company

02/13/2014 12:21pm
J.C. Penney has replaced its chief financial officer, the latest move by the struggling department store operator as tries to improve its results.

New billing standards to help patients with debt

02/13/2014 1:10pm
The last thing anyone wants to deal with after a serious illness or injury is a mountain of debt and repeated calls from bill collectors. Yet that's the scenario in which many patients find themselves.

Pilots' union rejects contract at American Eagle

02/13/2014 1:51pm
The CEO of American Eagle says the American Airlines regional affiliate will be a different outfit that does less flying after leaders of the pilots' union rejected a contract offer.

GM recalling nearly 780,000 older compact cars

02/13/2014 2:04pm
General Motors is recalling almost 780,000 older-model compact cars in North America because a faulty ignition switch can shut off the engines without warning and cause crashes.

A breakdown of major media company holdings

02/13/2014 2:40pm
Buying Time Warner Cable would significantly boost Comcast's ranks of pay TV, Internet and phone service subscribers, but leave its media holdings largely unchanged. Here's a look at how the company stacks up against fellow media titans Disney, Twenty-First Century Fox and CBS.

Federal Reserve Bank of Cleveland picks new leader

02/13/2014 3:00pm
The Federal Reserve Bank of Cleveland has chosen a longtime Fed economist as its next president.

Hey Romeo, thank these guys for bringing the roses

02/13/2014 3:29pm
If Cupid were to have a home, it would be Miami International Airport.

In Comcast deal, victor isn't necessarily a winner

02/13/2014 3:50pm
There's nothing like a bidding war to turn the stock of a lackluster company into a star.

UPS increases dividend by 8 percent

02/13/2014 4:16pm
UPS says it is increasing its quarterly dividend by 8 percent as a result the shipping company's improved cash flow.

Abandoned last year, bond funds are back on top

02/13/2014 4:24pm
Bond funds have made money so far this year as many stock markets around the world have faltered.

AIG posts 4Q profit; cutting about 1,900 jobs

02/13/2014 4:39pm
American International Group Inc. moved to a profit for its fourth quarter and increased its dividend, while saying that it is cutting 3 percent of its workforce to better focus its business.

Kraft's 4Q profit rises but sales miss Street view

02/13/2014 4:43pm
Kraft Foods said Thursday that cost cutting and one-time gains helped boost its quarterly profit, but its sales just missed Wall Street expectations.