http://www.mail.com/subjects/1328-corporate-news.html Mail.com - the best personalized free web-based Email en en http://sec-s.uicdn.com/mail.com/2.28/img/mailcom_logo_rss.png http://www.mail.com/subjects/1328-corporate-news.html http://www.mail.com/business/economy/2104450-building-materials-blamed-bangladesh-disaster.html DHAKA, Bangladesh (AP) — A government investigation found that "extremely" poor quality construction materials and a series of violations caused the collapse of a garment factory building in Bangladesh that has been called the worst garment-industry disaster in history, the committee head said Thursday. Last month's disaster killed more than 1,100 workers... Thu, 23 May 2013 05:18:23 GMT http://www.mail.com/business/economy/2104450-building-materials-blamed-bangladesh-disaster.html 2013-05-23T05:18:23Z http://www.mail.com/business/economy/2104438-ford-to-auto-production-australia-2016.html SYDNEY (AP) — Ford Motor Co. said Thursday it will close its two Australian auto plants, ending production in the country in 2016, amid soaring manufacturing costs and plummeting sales. The closure of the U.S. automaker's plants in the state of Victoria will mean the loss of 1,200 jobs and will transform the company into an import-only brand in Australia.... Thu, 23 May 2013 03:21:19 GMT http://www.mail.com/business/economy/2104438-ford-to-auto-production-australia-2016.html 2013-05-23T03:21:19Z http://www.mail.com/entertainment/music/2104172-emails-aeg-lawyer-called-jackson-freak.html LOS ANGELES (AP) — A lawyer for the parent company of AEG Live LLC called Michael Jackson a freak on the day the singer signed a multimillion contract for a series of ill-fated comeback concerts, emails displayed for a jury on Wednesday showed. The emails were presented by Brian Panish, an attorney for Jackson's mother in her lawsuit claiming AEG was negl... Thu, 23 May 2013 00:23:31 GMT http://www.mail.com/entertainment/music/2104172-emails-aeg-lawyer-called-jackson-freak.html 2013-05-23T00:23:31Z http://www.mail.com/business/economy/2103804-hps-2q-offers-hope-revenue-slump-deepens.html SAN FRANCISCO (AP) — Hewlett-Packard is still scrambling to meet the growing demand for more versatile and less expensive mobile devices as a slump in its personal computer sales deepens, but the company's cost-cutting measures and focus on more profitable areas of technology appear to be easing the pain. The conflicting signs of further deterioration and... Wed, 22 May 2013 23:09:20 GMT http://www.mail.com/business/economy/2103804-hps-2q-offers-hope-revenue-slump-deepens.html 2013-05-22T23:09:20Z http://www.mail.com/business/finance/2102836-stocks-fall-news-fed-weighed-cutting-stimulus.html NEW YORK (AP) — The Federal Reserve took financial markets for a ride Wednesday, pushing stock prices up in the morning then sending them down in the afternoon. Prices surged on congressional testimony by Fed Chairman Ben Bernanke early in the day that suggested the central bank would not slow its massive economic stimulus program any time soon. Then minu... Wed, 22 May 2013 22:08:24 GMT http://www.mail.com/business/finance/2102836-stocks-fall-news-fed-weighed-cutting-stimulus.html 2013-05-22T22:08:24Z http://www.mail.com/business/economy/2102524-targets-1q-profit-drops-29-pct-weak-sales.html NEW YORK (AP) — Target Corp. reported a 29 percent drop in first-quarter profit as unusually cool spring weather and financial pressures chilled customers' appetite for spending. The company, based in Minneapolis, also on Wednesday cut its annual profit outlook, sending its stock down. Target is the latest in a string of companies including rival Wal-Mart... Wed, 22 May 2013 21:18:32 GMT http://www.mail.com/business/economy/2102524-targets-1q-profit-drops-29-pct-weak-sales.html 2013-05-22T21:18:32Z http://www.mail.com/business/economy/2102398-lowes-1q-profit-rises-street.html NEW YORK (AP) — Lowe's said Wednesday that its first-quarter net income rose nearly 3 percent, but results fell short of expectations as rainy weather hurt spring gardening sales. The No. 2 home improvement retailer's results stood in contrast to those reported a day earlier by Home Depot. Lowe's larger rival reported an 18 percent rise in net income, bol... Wed, 22 May 2013 21:12:16 GMT http://www.mail.com/business/economy/2102398-lowes-1q-profit-rises-street.html 2013-05-22T21:12:16Z http://www.mail.com/news/politics/2103622-benghazi-review-leader-oks-meeting-with-committee.html WASHINGTON (AP) — A House committee chairman has withdrawn a subpoena to compel a retired diplomat to answer questions in private about an independent investigation of last year's attack in Benghazi, Libya. Rep. Darrell Issa (EYE'-suh) says he acted after Thomas Pickering agreed to meet with the House Oversight and Committee Reform Committee behind closed... Wed, 22 May 2013 19:25:35 GMT http://www.mail.com/news/politics/2103622-benghazi-review-leader-oks-meeting-with-committee.html 2013-05-22T19:25:35Z http://www.mail.com/business/economy/2103080-boom-town-baby-african-stock-markets-gains.html NAIROBI, Kenya (AP) — The barrage of hourly tweets sent out by Aly-Khan Satchu — East Africa's version of CNBC's Mad Money host Jim Cramer — cheers on what Satchu says is a growing sentiment among investors: If you're not investing in Africa, you should be. Or as Satchu loudly proclaims on his Twitter feed or newspaper column: "ITS BOOM TOWN BABY." Severa... Wed, 22 May 2013 17:23:44 GMT http://www.mail.com/business/economy/2103080-boom-town-baby-african-stock-markets-gains.html 2013-05-22T17:23:44Z http://www.mail.com/business/economy/2103040-complaint-accuses-exxon-mobil-anti-gay-bias.html NEW YORK (AP) — One after another, major U.S. corporations have updated anti-discrimination policies to protect gay, lesbian and transgender workers, drawing plaudits from gay-rights groups. There's one prominent exception: Exxon Mobil Corp. In the latest rankings of such corporate policies by the Human Rights Campaign, a national gay-rights group, many o... Wed, 22 May 2013 17:12:36 GMT http://www.mail.com/business/economy/2103040-complaint-accuses-exxon-mobil-anti-gay-bias.html 2013-05-22T17:12:36Z http://www.mail.com/business/finance/2103064-feds-open-special-inspection-nc-nuke-plant.html RALEIGH, N.C. (AP) — Federal regulators said Wednesday that they are conducting a special inspection of a nuclear power plant outside North Carolina's capital city that was forced to shut down last week after operators discovered corrosion and cracking in the reactor vessel's covering. Two Nuclear Regulatory Commission specialist inspectors will join the ... Wed, 22 May 2013 16:00:55 GMT http://www.mail.com/business/finance/2103064-feds-open-special-inspection-nc-nuke-plant.html 2013-05-22T16:00:55Z http://www.mail.com/business/economy/2101864-us-auto-factories-cutting-summer-downtime.html DETROIT (AP) — The Detroit automakers are largely forgoing the traditional two-week summer break at their factories and speeding up production to meet buyers' growing demand for new cars and trucks. Ford Motor Co. said Wednesday that 21 of its North American factories will shut for only one week this summer. That includes the Chicago plant that makes the ... Wed, 22 May 2013 15:12:38 GMT http://www.mail.com/business/economy/2101864-us-auto-factories-cutting-summer-downtime.html 2013-05-22T15:12:38Z http://www.mail.com/business/economy/2102816-aaa-312m-drivers-to-take-memorial-day-road-trip.html It's going to be another busy Memorial Day weekend on the nation's highways. From Thursday through Monday, 31.2 million Americans will drive 50 miles or more to a beach, campground or other getaway, according to car lobbying group AAA. That's a small increase from last year but still well short of the record 37.3 million people who drove during the holida... Wed, 22 May 2013 15:07:30 GMT http://www.mail.com/business/economy/2102816-aaa-312m-drivers-to-take-memorial-day-road-trip.html 2013-05-22T15:07:30Z http://www.mail.com/business/economy/2102826-clearwire-board-approves-higher-sprint-offer.html BELLEVUE, Wash. (AP) — Clearwire wants to accept a richer buyout offer made by Sprint this week and is recommending that shareholders vote in favor of it. Sprint upped its bid by 14 percent to $2.5 billion Tuesday for the wireless data network operator. Some shareholders have opposed the deal, including Crest Financial, which spurned the latest bid as wel... Wed, 22 May 2013 14:27:03 GMT http://www.mail.com/business/economy/2102826-clearwire-board-approves-higher-sprint-offer.html 2013-05-22T14:27:03Z http://www.mail.com/business/economy/2102412-ahead-bell-hps-2q-to-sag.html SAN FRANCISCO (AP) — Hewlett-Packard will provide an update on its efforts to rise above the sinking PC market when it releases quarterly earnings Wednesday after the closing bell. The quarter will likely reveal how far HP still must go. Revenue is expected to fall, which would make it the seventh consecutive quarter of comparable declines. Management has... Wed, 22 May 2013 10:36:23 GMT http://www.mail.com/business/economy/2102412-ahead-bell-hps-2q-to-sag.html 2013-05-22T10:36:23Z http://www.mail.com/business/finance/2099768-apple-case-spur-to-tax-action.html WASHINGTON (AP) — Now that tech darling Apple Inc. has been dragged front and center into the debate over the U.S. tax code, lawmakers are hoping that the spotlight on such a high-profile company could be the catalyst for Congress to take action to close loopholes or reform the law. At a hearing Tuesday, members of the Senate Permanent Subcommittee on Inv... Wed, 22 May 2013 04:04:57 GMT http://www.mail.com/business/finance/2099768-apple-case-spur-to-tax-action.html 2013-05-22T04:04:57Z http://www.mail.com/entertainment/music/2100594-lawyer-background-check-jackson-doctor.html LOS ANGELES (AP) — AEG Live LLC did not conduct any background checks or supervise the doctor who was later convicted of killing Michael Jackson, a corporate attorney testified Tuesday in a lawsuit claiming the concert promoter was negligent in hiring the physician. AEG Live General Counsel Shawn Trell told jurors that no legal or financial checks were do... Tue, 21 May 2013 23:45:20 GMT http://www.mail.com/entertainment/music/2100594-lawyer-background-check-jackson-doctor.html 2013-05-21T23:45:20Z http://www.mail.com/business/economy/2100106-stocks-gain-reassurance-top-fed-official.html NEW YORK (AP) — Reassuring comments from a Federal Reserve official and better earnings from two big retailers helped push the stock market higher Tuesday. Stock indexes wobbled between gains and losses in early trading, then took a turn higher just before noon. That's when news crossed that James Bullard, head of the Fed's St. Louis branch, told an audie... Tue, 21 May 2013 23:09:48 GMT http://www.mail.com/business/economy/2100106-stocks-gain-reassurance-top-fed-official.html 2013-05-21T23:09:48Z http://www.mail.com/business/economy/2100138-jpmorgans-dimon-survives-shareholder-referendum.html TAMPA, Fla. (AP) — Jamie Dimon, the CEO and chairman of JPMorgan Chase, easily survived a vote Tuesday that would have called on him to give up his role as chairman of the nation's largest bank. But shareholders sent a message that the bank needs better oversight by giving only narrow approval to three of the bank's board members. It was a mixed verdict i... Tue, 21 May 2013 22:38:34 GMT http://www.mail.com/business/economy/2100138-jpmorgans-dimon-survives-shareholder-referendum.html 2013-05-21T22:38:34Z http://www.mail.com/business/economy/2099736-best-buy-reports-1q-loss-restructuring-costs.html MINNEAPOLIS (AP) — Best Buy Co. on Tuesday reported a loss for its fiscal first quarter as it sold its stake in Best Buy Europe and works on a turnaround plan that includes cutting costs and closing some stores. Its adjusted earnings beat Wall Street expectations, as cost cuts helped offset tough pricing competition during the quarter. But shares fell ove... Tue, 21 May 2013 22:35:55 GMT http://www.mail.com/business/economy/2099736-best-buy-reports-1q-loss-restructuring-costs.html 2013-05-21T22:35:55Z http://www.mail.com/business/economy/2099680-housing-recovery-boosts-depot-1q.html NEW YORK (AP) — Home Depot Inc.'s first-quarter net income rose 18 percent, thanks to the ongoing housing recovery, despite a chilly and wet spring. Its quarterly results topped Wall Street expectations, and the world's biggest home improvement chain boosted its full-year earnings and revenue forecasts Tuesday. The company's shares rose to a 52-week high.... Tue, 21 May 2013 22:25:51 GMT http://www.mail.com/business/economy/2099680-housing-recovery-boosts-depot-1q.html 2013-05-21T22:25:51Z http://www.mail.com/entertainment/lifestyle/2100766-nfl-xbox-enhancing-interactive-television-viewing.html Imagine Sean Payton holding up a Surface tablet instead of a cardboard playsheet on the sideline. Envision Peyton Manning sitting on the bench and dissecting the last series from a variety of camera angles on his hand-held device instead of looking at still photos. Or sitting at home and pulling up real-time highlights on a Sunday afternoon. ... Tue, 21 May 2013 19:20:36 GMT http://www.mail.com/entertainment/lifestyle/2100766-nfl-xbox-enhancing-interactive-television-viewing.html 2013-05-21T19:20:36Z http://www.mail.com/scitech/news/2099956-sprint-boosts-buyout-offer-clearwire.html OVERLAND PARK, Kan. (AP) — Sprint Nextel Corp. is offering 14 percent more than before for the stake in wireless data network operator Clearwire Corp. it does not already own, but a large shareholder said the offer was still inadequate. Sprint said Tuesday that it is offering $3.40 per share, or $2.5 billion, for the remainder of Clearwire Corp. Its previ... Tue, 21 May 2013 18:49:04 GMT http://www.mail.com/scitech/news/2099956-sprint-boosts-buyout-offer-clearwire.html 2013-05-21T18:49:04Z http://www.mail.com/business/economy/2099718-burberrys-profit-hit-perfume-deals-demise.html LONDON (AP) — British luxury brand Burberry said Tuesday that rapidly improving business in developing markets was offset by the end of a perfume licensing deal, dragging net profit down 3 percent for the year. Shares in Burberry Group PLC closed up 3 percent at 15 pounds after the company reported an 8 percent rise in revenue to 2 billion pounds ($3 bill... Tue, 21 May 2013 16:59:53 GMT http://www.mail.com/business/economy/2099718-burberrys-profit-hit-perfume-deals-demise.html 2013-05-21T16:59:53Z http://www.mail.com/business/finance/2099592-france-plan-to-revive-economy.html PARIS (AP) — The man charged with reviving France's shrinking economy and attracting businesses to invest here is gaining a reputation for doing the opposite. As the country's first-ever minister for industrial renewal, Arnaud Montebourg has told the world's largest steelmaker it is not welcome in France; exchanged angry letters with the head of an Americ... Tue, 21 May 2013 14:38:28 GMT http://www.mail.com/business/finance/2099592-france-plan-to-revive-economy.html 2013-05-21T14:38:28Z http://www.mail.com/business/economy/2099738-vodafone-annual-profits-up-19-percent.html LONDON (AP) — U.K.-based mobile telecoms company Vodafone has reported a 1.9 increase in annual profits despite a slowdown in much of its European operations. It reported Tuesday net profits of 7.70 billion pounds ($11.665 billion) for the year ending March 2013 compared with 7.55 billion pounds the year before. Group Chief Executive Vittorio Colao said p... Tue, 21 May 2013 11:37:45 GMT http://www.mail.com/business/economy/2099738-vodafone-annual-profits-up-19-percent.html 2013-05-21T11:37:45Z http://www.mail.com/business/economy/2099526-head-embattled-g4s-security-force-retires.html LONDON (AP) — The chief executive of security firm G4S is to retire after a tumultuous year that saw the company fail to fulfill its Olympic contract. The company said Tuesday that Nick Buckles will be replaced by Ashley Almanza, a senior executive from the oil and gas company BG Group. G4S had agreed in February to take an 85 million pound hit after fail... Tue, 21 May 2013 08:23:13 GMT http://www.mail.com/business/economy/2099526-head-embattled-g4s-security-force-retires.html 2013-05-21T08:23:13Z http://www.mail.com/entertainment/lifestyle/2098690-lease-to-broadways-biggest-theater-sold.html NEW YORK (AP) — Britain's biggest theater group has reached across the Atlantic Ocean and bought the lease to Broadway's largest theater from Live Nation Entertainment for about $60 million. Ambassador Theatre Group said Monday it has acquired rights to The Foxwoods Theatre, the 2,000-seat current home of "Spider-Man: Turn Off the Dark." The New 42nd Stre... Mon, 20 May 2013 23:33:00 GMT http://www.mail.com/entertainment/lifestyle/2098690-lease-to-broadways-biggest-theater-sold.html 2013-05-20T23:33:00Z