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Caterpillar Closes Plant in Canada After Lockout
Caterpillar said it will close a locomotive plant in London, Ontario, following a lockout, eliminating about 450 jobs that mostly paid twice the rate of a U.S. counterpart.
Fri, 03 Feb 2012 23:16:58 EST |
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Goldman Cuts Blankfein's Bonus
Goldman Sachs cut CEO Lloyd Blankfein's stock bonus for the first time since the financial crisis, the latest sign that Wall Street executives are paying for a year of mixed financial performance.
Fri, 03 Feb 2012 23:47:20 EST |
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Micron CEO Dies in Crash
Steven R. Appleton, chairman and chief executive of Micron Technology died Friday when the high-performance airplane he was piloting crashed at Boise, Idaho's airport.
Fri, 03 Feb 2012 20:18:03 EST |
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Greece Bailout Talks Bode Ill for Lisbon
As Greek debt-restructuring talks showed more signs of delay, the plodding negotiations have been bad news for Portugal's creditors, who fear they also may be force-fed tough terms.
Fri, 03 Feb 2012 23:29:36 EST |
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Citi Hit in Brazilian Hacker Attack
A computer hacker group continued a wave of attacks against Brazilian financial websites, hampering the sites of Citigroup and other prominent institutions.
Fri, 03 Feb 2012 22:57:00 EST |
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Fed Likely to Retain Low-Rate Stance
A few more months of strong jobs reports like the one released Friday, and the Fed might need to draw up a new game plan. For now, though, Bernanke seems unlikely to rewrite his script for the central bank.
Fri, 03 Feb 2012 20:29:40 EST |
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New Car Prices Rising Along With Sales
U.S. auto dealers are now selling vehicles at historically high prices in another sign the auto industry's recovery is moving into the fast lane.
Fri, 03 Feb 2012 12:19:34 EST |
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Fed May Sell More AIG Bonds as Risk Hunger Picks Up
The New York Fed is asking for bids on some $6 billion in residential mortgage-backed securities from its Maiden Lane II portfolio it took on as part of the 2008 bailout of American International Group.
Fri, 03 Feb 2012 15:55:32 EST |
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Interest-Rate Probe Widens
Regulators in Switzerland and the U.K. stepped up pressure on Swiss and foreign banks, extending a probe into alleged manipulation of interest rates and disclosing possible action against UBS in a trading scandal.
Fri, 03 Feb 2012 23:22:27 EST |
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China Tamps Down Europe Aid Fears
Chinese Premier Wen Jiabao sought to assuage concerns over Chinese investment in Europe, saying China has no intention to "buy" the continent.
Sat, 04 Feb 2012 06:06:39 EST |
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FDA: No Ban on Orange-Juice Imports
Orange-juice futures settled lower as traders discounted the prospects for a ban on juice imports into the U.S. It appears they weren't off the mark.
Fri, 03 Feb 2012 20:57:42 EST |
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With Role Lessened, Loan Chief Exits BofA
Barbara Desoer, a high-profile mortgage executive who once was a candidate to become chief executive of Bank of America, is leaving as the financial giant retreats from the home-loan business.
Fri, 03 Feb 2012 20:54:16 EST |
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Corporate Taxes Fall to 12.1%
Total corporate federal taxes paid fell to 12.1% of U.S. profits in the government's latest fiscal year, the lowest level since at least 1972 and well below usual rates of around 25%. Most of the credit--or blame--goes to a temporary break to spur investment.
Fri, 03 Feb 2012 13:02:48 EST |
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RBS 'Surprised' by Pay Backlash
RBS's chairman acknowledged that the bank had miscalculated the public and political reaction to the $1.5 million bonus in shares awarded to CEO Stephen Hester, who subsequently turned down the payment.
Fri, 03 Feb 2012 10:45:29 EST |
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Injunction Interrupts Apple Sales in Germany
Some Apple devices were unavailable for sale briefly on Friday in Germany, as part of a patent tussle with Motorola Mobility.
Fri, 03 Feb 2012 16:34:12 EST |
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Despite Intervention, Brazil's Currency Gains
Brazil's real climbed against the dollar after strong U.S. jobs figures outweighed the central bank's intervention in an attempt to weaken the currency.
Fri, 03 Feb 2012 20:55:50 EST |
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Banks Deplete Earnings Backstop
The rainy-day funds that U.S. banks have been tapping to boost their earnings could soon begin to dry up, and that doesn't bode well for bank profits.
Fri, 03 Feb 2012 13:08:49 EST |
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Sony's U.S. Puzzle
Incoming Sony CEO Kazuo Hirai will need to tread carefully with the company's movie and music divisions, whose profits are important counterpoints to deep losses elsewhere at the company.
Fri, 03 Feb 2012 13:08:13 EST |
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Walgreen Same-Store Sales Decline
Walgreen's same-store sales slid 4.6% in January as the drugstore chain's prescriptions sales were battered by the loss of major customer Express Scripts.
Fri, 03 Feb 2012 14:22:33 EST |
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Clorox Posts Strong Sales for Quarter
Clorox said fiscal second-quarter sales rose more than expected with help from higher prices, overcoming concerns that tepid demand in North America would crimp sales for household staples.
Fri, 03 Feb 2012 14:38:29 EST |
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Hutchison Whampoa Buys Orange Austria
Hutchison Whampoa agreed to buy Austria's third-largest mobile operator for about $1.71 billion in a move that will enable the Hong Kong conglomerate to expand its market share in Austria.
Fri, 03 Feb 2012 04:05:34 EST |
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Restructuring Costs Weigh on Weyerhaeuser
Weyerhaeuser's fourth-quarter earnings fell 62% as the company booked restructuring charges and write-downs, while the wood-products segment posted softer sales.
Fri, 03 Feb 2012 11:28:37 EST |
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Panasonic Forecasts $10 Billion Loss
Panasonic revised its forecast loss for the current fiscal year to more than $10 billion, which would be the second-largest ever for a Japanese manufacturer.
Fri, 03 Feb 2012 08:10:55 EST |
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Aon's Profit Rises 20%
Aon's fourth-quarter profit rose 20% as the insurance brokerage and consulting firm logged solid results in its human-resources business and benefited from restructuring.
Fri, 03 Feb 2012 11:28:58 EST |
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Nikon Sinks to Loss on Thai Floods
Nikon said it slipped into a net loss in the October-December quarter, as it absorbed the impact of floods on its operations in Thailand.
Fri, 03 Feb 2012 02:04:11 EST |
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Cost Cuts Boost BT
BT Group posted a 41% jump in third-quarter net profit, aided by further cost cutting, lower finance expenses and new contracts, and said it will reach some of its earnings targets a year earlier than expected.
Fri, 03 Feb 2012 11:31:13 EST |
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Push for CDS Futures Sputters
A push by Wall Street banks to create a new, more-transparent way to bet on bond defaults has stalled over technical issues and uncertainty over new regulations.
Thu, 02 Feb 2012 21:27:48 EST |
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