New Stores Boost Dick's Sporting Goods' 4Q Profits
Dick's Sporting Goods (NYSE: DKS) on Tuesday matched expectations for its fourth-quarter net income, bolstered by an increase in the number of stores.
Gran Colombia Boost Expectations After New Finds
Gran Colombia Gold announced on Monday the discovery of an additional 76 percent in measured and indicated gold within its Segovia Operations in Antioquia, Colombia.
India Bans Cotton Exports Without Explanation
India announced on Monday an immediate ban on all cotton exports until further notice, cutting off the world's second-largest exporter of cotton, in an unexplained move that could limit global supplies and drive up prices.
Big Lots 4Q up 4.2%, but Full Year is Down
Big Lots (NYSE: BIG) reported on Friday a 4.2 percent increase in its fiscal fourth quarter profits, beating analysts' expectations through high demand for its discounted products.
Anheuser-Busch InBev Bidding For Stake In Chinese Brewer
Anheuser-Busch InBev NV (NYSE: BUD) and two Chinese brewers are in the hunt for the operations on sale by China's Kingway Brewery Holdings.
Precious Metals, Miners Suffer After Bernanke's Good News
Precious metals and the broader market headed in opposite directions Wednesday, with gold taking its biggest single-day dive in two-and-a-half months, as a February full of good economic news helped drive the price of precious metals down on the day and month as a whole.
Toyota To Ramp Up Production In Thailand
Toyota Motor Corp. (NSYE: TM) announced Wednesday it will increase the output of its Thai engine-building subsidiary Siam Toyota Manufacturing Co. in 2014, in an effort to meet growing demand in Asia.
CVC Capital Agrees To Buy Ahlsell
Private equity firm CVC Capital Partners announced on Wednesday the 1.8 billion euro ($2.4 billion) acquisition of technical products wholesaler Ahlsell from Cinven and Goldman Sachs Capital Partners, marking Europe's largest private equity deal in almost a year.
Ahuja Out as LightSquared CEO; Falcone Joins Board
Wireless technology company LightSquared announced on Tuesday the resignation of its embattled Chief Executive Officer Sanjiv Ahuja, with his replacement to be named in the future.
Obama Creates Trade Enforcement Unit
President Barack Obama will sign an executive order on Tuesday creating a new trade enforcement agency to ensure the nation's trading partners, namely China, play fair.
Richmond Fed Manufacturing Survey Shows Gain
The Richmond Fed said Tuesday that manufacturing in the central Atlantic area increased in February for the third consecutive month.
Durable-Goods Orders Drop 4% in Jan, Biggest Fall In 3 Years
Orders for U.S. factory goods fell in January, as demand for items including machinery and aircraft fell. The decline of 4 percent is the steepest since January 2009, ending two consecutive months of increases and suggesting the economy might not be quite as robust as many experts have believed.
Study: Consumers Ignore Nutrition Labels, Go For What's Tasty
When Congress passed the Nutrition Labeling and Education Act of 1993, the original intention was to increase consumers' awareness of food. But a new study conducted by three academics at Duke University has found government's good intentions cannot stop companies from making junk food -- nor will it stop Americans from buying said products.
Motorola Solutions Buys Back Icahn Shares
Motorola Solutions (NYSE: MSI) announced on Monday it will buy back $1.17 billion in stock from billionaire activist investor Carl Icahn.
Elpida Memory Files For Bankruptcy
Elpida Memory filed on Monday for bankruptcy protection, the largest ever by a Japanese manufacturer.
San Francisco Fed's Pres Defends Aggressive Policies
Federal Reserve Bank of San Francisco President John Williams defends the Fed's aggressive monetary policy, citing continuing reverberations from the housing crash.
Procter & Gamble to Cut 5,700 Jobs, Save $10 Billion by 2016
Procter & Gamble (PG) said on Thursday it plans to cut 5,700 jobs over the next year and a half, in an effort to save $10 billion by the end of 2016.
Centrica, British Gas Parent, Cuts 2,300 Jobs
Centrica, parent company of British Gas, slashed 2,300 jobs in an effort to save £500 million ($784.9 million) on the heels of disappointing profits brought down by a mild winter lowering household energy consumption.
European Commission Predicts Recessionary 2012 For Euro Zone
The euro zone area will fall back into recession this year due to the contracting economies of Greece, Italy and Spain, the administrative arm of the European Union said Thursday, abandoning its earlier prediction that recession will be avoided.
Limited Brands EPS Rose in 2011
Limited Brands (LTD), parent company of Victoria's Secret, Bath and Body Works and La Senza, reported on Wednesday an decrease in annual operating income and but increase in earnings per share, boosted by a 10 percent increase in same-store sales and a buyback of shares.
Iamgold Receives $825 Million in Credit Lines for Niobec Mine
Iamgold received on Wednesday $825.6 million in credit to fuel the expansion of its Niobec mine.
Centrica Buying Total's North Sea Oil, Gas Fields for $388M
British utility Centrica, the parent company of British Gas, agreed on Wednesday to acquire France's Total E&P's North Sea oil and gas assets for $388 million.
Fitch Downgrades J.C. Penney To 'Junk' Status
Fitch Ratings downgraded J.C. Penney's debt rating to junk levels, expressing skepticism about the retailer's ability to reverse declining revenue trends with a highly-publicized makeover.
Retailers Showcase Mixed 2011 Results
A flood of earnings reports Tuesday morning showed a mixed bag for the broader economy, with select companies coming up short, though retailers generally enjoyed a bounce-back 2011.
Carlsberg To Buy Brewer Baltika After Weak 2011 In Russia
Carlsberg (CARLB) announced on Monday it will assume full control of Baltika Brewery (PKBA), spending $1.5 billion to buy the Russian brewer outright, after losing market share in the nation last year and anticipating a flat European market in 2012.
Samsung To Spin Off LCD Biz
Samsung Electronics will spin off its liquid crystal display division, dumping an unprofitable segment as the company shifts its focus towards thinner displays.
Macy's To Add 4,000 Full-Time Employees In 2012
Macy's will add about 4,000 full-time employees this year, the retail giant's Chief Executive Terry Lundgren told a group of fashion students on Friday.
Chrysler Pulls U.S. Loan Application After Strong Financials
Chrysler Group on Thursday withdrew its application for a $3.5 billion Advanced Technology Vehicles Manufacturing loan from the Dept. of Energy after the company's financial outlook improved and the government ramped up its lending standards.
Investors Turn To Agnico-Eagle, Kinross After Dividend Boost
Investors flocked to two Canadian gold mining companies, Kinross Gold and Agnico-Eagle Mines, ignoring mixed earnings reports and driving stock prices up after an announced increase in dividends.
CFPB Aims to Regulate Debt Collectors, Credit Bureaus
The Consumer Financial Protection Bureau proposed a rule to include consumer reporting agencies and debt collectors in its efforts to supervise nonbank financial companies. The rule's passage would put those sectors of the lending industry under the umbrella of federal oversight for the first time.