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Archive: (22 Stories)

Danone profit slumps in 2013

02/20/2014 2:14am
French food manufacturer Danone says its profits slumped 15 percent last year as markets in Europe weakened, and warned that a return to growth won't come before late in the year.

Keystone pipeline faces new obstacle in Nebraska

02/20/2014 4:55am
Just as pressure was building on President Barack Obama to make a decision on the Keystone XL pipeline that would carry oil from Canada to refineries in Texas, the project ran into another obstacle _ and it came again from Nebraska.

Porsche tells 911 GT3 owners to stop driving them

02/20/2014 6:54am
Porsche is asking owners of its 911 GT3 models to stop driving them because they can develop engine problems and catch fire.

US applications for jobless benefits drop to 336k

02/20/2014 6:55am
The number of people seeking U.S. unemployment benefits fell a slight 3,000 last week to a seasonally adjusted 336,000, a sign that layoffs remain low.

Peltz: PepsiCo should still split drinks, snacks

02/20/2014 7:06am
Activist investor Nelson Peltz is ramping up the pressure on PepsiCo, reaffirming his call for the company to separate its global drinks division from its snack unit.

US consumer prices rose 0.1 percent last month

02/20/2014 8:10am
U.S. consumer prices barely rose last month as a sharp increase in energy costs was offset by cheaper clothing, cars and air fares. The figures indicate inflation remains mild.

Gauge of US economy's health up 0.3 percent

02/20/2014 8:27am
A measure of the U.S. economy's health posted a moderate gain in January, suggesting that the economy will continue to expand in the first half of this year.

Average 30-year US mortgage rate up to 4.33 pct

02/20/2014 8:38am
Average U.S. rates on fixed mortgages rose this week but remained near historically low levels.

Coca-Cola raises quarterly dividend by 9 percent

02/20/2014 8:53am
Coca-Cola is raising its quarterly dividend by 9 percent.

Wal-Mart offers weak outlook on sales shortfall

02/20/2014 10:27am
Much like its low-income shoppers, Wal-Mart can't seem to catch a break as the U.S. economy rebounds.

191K teething toys recalled over choking risk

02/20/2014 11:07am
Toy maker Infantino is recalling 191,000 teething toys sold exclusively at Target because a child could potentially choke on one of its parts.

Choppy market hasn't halted flows into stock funds

02/20/2014 12:46pm
Hearts raced faster as stock markets around the world stumbled in January, but that didn't stop investors from plugging more money into mutual funds.

Choppy market hasn't halted flows into stock funds

02/20/2014 12:46pm
Hearts raced faster as stock markets around the world stumbled in January, but that didn't stop investors from plugging more money into mutual funds.

Delaware court affirms dismissal of Argentine suit

02/20/2014 1:33pm
The Delaware Supreme Court is upholding the dismissal of a lawsuit filed by the widow of an Argentine national who claimed he was exposed to asbestos at a DuPont textile plant in Argentina.

North Dakota home prices soar with oil boom

02/20/2014 1:57pm
North Dakota's oil boom isn't just driving up housing prices at the epicenter. Getting a roof overhead is getting more expensive throughout the state, with the average value of a home sold last year topping $200,000 _ up more than 20 percent from 2011, a real estate trade group says.

Eastman recalling 12,200 pairs of children's shoes

02/20/2014 2:03pm
Eastman Footwear is recalling 12,200 pairs of children's shoes because there's a risk of cutting yourself on them.

Wealth gap is widest in some affluent US cities

02/20/2014 3:20pm
The gap between the wealthy and the poor is most extreme in several of the United States' most prosperous and largest cities.

Business Wire to cut off high frequency traders

02/20/2014 3:53pm
Business Wire, a company that publishes and distributes corporate earnings and other news releases, will stop providing its service directly to high frequency trading firms.

Express Scripts 4Q profit, revenue fall

02/20/2014 4:16pm
Express Scripts, the largest U.S. pharmacy benefits manager, said Thursday that its fourth-quarter net income slipped, hurt by the loss of UnitedHealth, a large customer.

News summary: Hewlett-Packard 1Q tops views

02/20/2014 4:27pm
HP BEAT: Hewlett-Packard Co. reported first-quarter earnings through January that beat Wall Street expectations, mainly on the surprising strength of personal computer sales to businesses.

To raise or not to raise wages?

02/20/2014 4:46pm
Gap's decision this week to raise the hourly wages of workers at its stores nationwide puts pressure on other major U.S. retailers to do the same.

Going for gold: Olympic ad winners and losers

02/20/2014 4:52pm
The pressure to win during the 2014 Sochi Olympics is nearly as intense for marketers as it is for the athletes themselves.