Corporate news and stories by mail.com

Corporate news

Wal-Mart launches food subscription service
Wal-Mart Stores Inc. on Wednesday will officially launch a mail subscription service, called Goodies, that lets shoppers discover new foods from the ...
Ahead of the Bell: Facebook lock-up expires
Facebook's biggest lock-up period — a time following an IPO that prevents insiders from selling stock — expires on Wednesday. This means employees, ...
Infineon cuts costs as revenue falls
Semiconductor maker Infineon Technologies AG says it will cut back on investment plans and introduce short-time working as global economic uncertainty ...
Toyota recalls vehicles for steering, pump defects
Toyota Motor Corp. is recalling 2.77 million vehicles around the world for a water pump problem and a steering shaft defect that may result in faulty ...
Minn. settles last 35W bridge case
Minnesota's five-year legal battle over the collapsed Interstate 35W bridge has ended with an $8.9 million settlement involving a California design ...
RIM to release new BlackBerrys soon after Jan. 30
Research In Motion Ltd. will release its much-delayed BlackBerry 10 smartphones "not too long" after a launch event on Jan. 30, a senior executive ...
Zynga CFO David Wehner deflects to Facebook
Zynga's finance chief is leaving the troubled online game company to join Facebook. San Francisco-based Zynga Inc. said Tuesday that David Wehner will ...
Cisco 1Q income up as US businesses buying again
Cisco Systems Inc., the world's largest maker of computer networking gear, said Tuesday that U.S. companies are starting to spend again, helping Cisco ...
Small airports gamble with revenue guarantees
Road-weary travelers forced to drive two hours to St. Louis or Kansas City to catch big-city flights were ecstatic when Delta Airlines announced plans ...
Home Depot 3Q results edge up, beat Street's view
Home Depot Inc.'s net income rose slightly in the third-quarter, as glimmers of a housing market recovery and storm-preparation added to sales and ...
Report: FDA wanted to close Mass pharmacy in 2003
Nearly a decade ago, federal health inspectors wanted to shut down the pharmacy linked to a recent deadly meningitis outbreak until it cleaned up its ...
Most in US won't be able to escape 'fiscal cliff'
Everyone who pays income tax — and some who don't —will feel it. So will doctors who accept Medicare, people who get unemployment aid, defense ...
UN once again votes to condemn Cuba embargo
The U.N. General Assembly on Tuesday voted overwhelmingly to condemn the U.S. commercial, economic and financial embargo against Cuba for the 21st ...
US stocks fall in uneven trading; Home Depot soars
U.S. stocks closed lower after uneven trading Tuesday as fears about the "fiscal cliff" and Greece tipped major indexes between gains and losses.
Intesa Sanpaolo Q3 profits down 21 percent
Italian bank Intesa Sanpaolo SpA on Tuesday reported third-quarter profits fell 21 percent due higher taxes and higher provisions for bad loans.
Berlin startup scene gets nod from Google
Berlin's budding Internet entrepreneurs received the closest thing to an industry endorsement Tuesday, with a €1 million ($1.3 million) investment ...
German utility E.ON lowers 2013 outlook
German electricity and gas supplier E.ON AG on Tuesday lowered its earnings forecast for next year because of economic uncertainty and rapid changes ...
Unicredit returns to Q3 profit after cost-cutting
Unicredit SpA, Italy's largest bank by assets, says it has returned to third-quarter profits a year after launching a cost-cutting program.
Arbitrator: Lufthansa reaches agreement with union
Germany's biggest airline Lufthansa and its flight attendants have reached a new labor deal that averts the possibility of widespread strikes during ...
Vodafone takes big hit on Spain, Italy operations
Mobile communications company Vodafone Group PLC reported a big half-year loss after booking a hefty charge on its Spanish and Italian operations.
Long Islanders fume over utility's storm response
Priscilla Niemiera has a message for officials at the Long Island Power Authority. "I'd tell them, get off your rear end and do your job," the ...
Penney is the day's biggest stock loser
J.C. Penney Co. executives may be confident in the department-store chain's everyday low pricing strategy, but its investors are panicking.
Thompson starts as NY Times CEO amid BBC scandal
New York Times Co. CEO Mark Thompson started his job Monday amid a widening scandal at his former employer, the BBC. When the Times hired him in ...
Lee Enterprises posts smaller 4Q loss
Lee Enterprises Inc., publisher of the St. Louis Post-Dispatch and other newspapers, said Monday that it lost $7.7 million, or 15 cents per share, in ...
More women have driver's licenses than men in US
Women have passed men on the nation's roads. More women than men now have driver's licenses, a reversal of a longtime gender gap behind the wheel that ...