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Corporate news

  • APNewsBreak: Family sues over Minn. office attack

    The family of a man who was among six people gunned down at his Minneapolis office last year is suing the company, claiming it botched the firing of ... 

  • Detroit, Toyota see big US sales gains in January

    American consumers ignored tax increases and trudged through winter weather to buy new cars and trucks at an unusually strong pace last month. It was ... 

  • 33 die in Mexico oil company office building blast

    A blast that collapsed the lower floors of a building in the headquarters of Mexico's state-owned oil company, crushing at least 33 people beneath ... 

  • No priest, no sheik means no marriage in Lebanon

    She was an English language tutor with an easy smile and an independent streak. He was a gym receptionist who wanted to better himself. They met for ... 

  • Mattel 4Q results miss Wall Street's expectations

    It was a blue Christmas in toyland. Weak demand over the holidays for toys like Barbie and Matchbox led Mattel's results to fall short of expectations ... 

  • Oil bottleneck gives Rockies cheaper gasoline

    A boom in domestic oil drilling has helped lower U.S. gasoline prices, though the steepest drops have missed California commuters, Midwestern farmers ... 

  • Refining margins boost 4Q profit at Exxon Mobil

    Exxon Mobil Corp. said Friday that fourth-quarter earnings rose 6 percent to $9.95 billion with help from higher refining profit margins. The oil ... 

  • News Summary: Pfizer animal health unit IPO soars

    GOOD START: Drugmaker Pfizer's initial public stock offering of its animal health business, Zoetis, raised $2.2 billion, the largest IPO by a U.S. 

  • Measure of US manufacturing jumps in December

    U.S. manufacturing activity grew at a faster pace in January, driven by an increase in new orders and more hiring at factories. The Institute for ... 

  • Chevron profit up on asset exchange, refineries

    Chevron Corp. posted a 41 percent gain in net income for the fourth quarter as the company produced more oil and gas, improved the performance of its ... 

  • Generic competition, charges cut Merck Q4 profit

    Merck & Co.'s fourth-quarter profit fell 7 percent because of hits from generic competition and one-time charges, and the company pushed back plans ... 

  • Jeroen Dijsselbloem

    Dutch state nationalizes SNS Reaal bank

    The Netherlands nationalized its fourth-largest bank on Friday, injecting €2.2 billion ($3 billion) to recapitalize SNS Reaal NV and head off any ... 

  • MetLife to spend $2 billion on pension business

    MetLife Inc. plans to pay about $2 billion to buy the largest private pension fund administrator in Chile, as the insurer and annuity provider seeks ... 

  • TeliaSonera boss quits over Uzbekistan allegations

    The chief executive of TeliaSonera resigned Friday after an independent review on alleged bribery by the telecoms company found it had failed to ... 

  • Panasonic, Sharp expect red ink despite yen help

    Japanese electronics makers Panasonic Corp. and Sharp Corp. both stuck to full year forecasts for massive losses even as results for the latest ... 

  • NKorean uranium nuclear test would raise stakes

    As North Korea warns that it plans its third nuclear test since 2006, outside governments and analysts are trying to determine a crucial question: ... 

  • Lee Kun-hee

    Samsung chairman keeps fortune in inheritance case

    The chairman of Samsung Electronics has kept his fortune and control of the Samsung conglomerate after a South Korean court Friday ruled against his ... 

  • Viacom adjusted profit, revenue fall in 1Q

    Viacom Inc. said Thursday that net income rose sharply in its fiscal first quarter compared with results depressed by a large accounting charge a year ... 

  • Decimated Ga. plant a symbol of storm's power

    For Darleen Evans, it was sheer terror as the manufacturing plant where she worked collapsed around her and her colleagues. She and two other women ... 

  • Global growth boosts MasterCard 4Q net income

    MasterCard's net income rebounded strongly in the fourth quarter as its overseas business continued to expand, the company said Thursday. The results ... 

  • Furor over proposed shift in Scouts no-gays policy

    The Boy Scouts of America faces intensifying criticism from the left and right over a proposal to move away from a mandatory no-gays membership policy ... 

  • Pfizer disputes suit claiming Zoloft doesn't work

    The maker of Zoloft is being sued in an unusual case alleging the popular antidepressant has no more benefit than a dummy pill and that patients who ... 

  • UPS 4Q results, 2013 outlook miss estimates

    United Parcel Service Inc. says weak global trade and a disappointing holiday-shopping season slowed it down in the fourth quarter. Profit in the last ... 

  • Just try to imagine a Super Bowl without guacamole

    Imagine for a moment a Super Bowl without the avocado. No tubs of guacamole to be defiled by double-dipping guests at your big game-day party. 

  • Lender Processing paying $121M to resolve claims

    One of the biggest U.S. mortgage processing companies has agreed to pay $121 million to resolve states' claims that it wrongfully foreclosed on ... 

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