Signs of progress as GM, UAW talks resume
Contract talks between General Motors Corp and the United Auto Workers union resumed on Sunday, a day before tens of thousands of GM factory workers were due to return to work at the No. 1 U.S. automaker in the absence of a new contract.
First Acceptance slides on loss, loan issues
First Acceptance Corp shares fell more than 30 percent on Friday after the automobile insurance provider posted a quarterly loss and had its access to capital reduced as it failed to comply with terms of a credit agreement.
First Horizon to cut 1,500 jobs by mid-2008
First Horizon National Corp, the largest bank in Tennessee, said on Wednesday it plans to eliminate at least 1,500 jobs by the middle of next year as it slashes its mortgage sales force and closes branches.
EarthLink to cut 900 jobs and buy back shares
EarthLink Inc said on Tuesday it will cut about 900 jobs, or nearly half its staff, as part of a restructuring to reduce costs at the Internet service provider.
Fannie bulked up on risky loans in 2006
Fannie Mae, the nation's largest source of home loan funding, increased its holdings of risky subprime loans in 2006 while its profits fell that year, the company said on Thursday in a long-delayed report.
Florida property market turns cold
Phone books that were delivered but never opened rot away next to empty driveways and overgrown lawns, telltale signs that once-booming southwest Florida is now the center of the U.S. housing storm.
Elvis, the enterprise, looms bigger 30 years on
Elvis, the man, has passed away. The legend - and the marketing - live on.
FedEx 4Q Profit Rises, Misses Estimates
Package delivery company FedEx Corp. on Wednesday reported a profit that missed analysts' forecast and said earnings growth would fall short of expectations due to continued softness in the U.S. economy.
CBRL Shares Drop After Weaker Winter Sales
CBRL Group, Inc. shares were down significantly on Tuesday after it reported poor March sales due to bad winter weather at its Cracker Barrel Old Country Store restaurants and gift shops.
FedEx Earnings Fall Short of Expectations
Fed Ex Corp. (NYSE: FDX) reported Wednesday that its net profit rose in its second fiscal quarter for 2006 but fell short of Wall Street expectations.
BridgeStone Acquires Bandag for $1.05 Billion
BridgeStone Americas Holding Inc. announced on Tuesday that it would acquire Bandag Inc. (BDGA, NYSE) for approximately $1.05 billion.
Mortgage lenders' share decline broadens
The U.S. housing slowdown may threaten the biggest providers of loans, not just those catering to subprime borrowers.
Company Approaches Universal Bird Flu Vaccine
A bird flu vaccine being developed by San Diego-based Vical Incorporated protects mice and ferrets against the feared H5N1 avian influenza virus, the company said on Tuesday.
HCA warns first-quarter below Street
HCA Inc., the biggest U.S. hospital company, on Monday said it will report lower-than-expected quarterly results, amid a weak flu season, slowing patient admissions in major markets and more uninsured customers.