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McKesson will buy PSS World Medical for $1.46B
Prescription drug distributor McKesson Corp. is expanding its medical supplies business by buying PSS World Medical Inc. for about $1.46 billion.
Wynn Resorts' 3Q profit falls on expenses
Wynn Resorts Ltd.'s profit fell nearly 12 percent in the third quarter, as a debt-related loss boosted expenses for the casino operator. Even so, the ...
Best Buy falls on 3Q outlook, 2 execs leaving
Best Buy said Wednesday two executives, including its U.S. president, are leaving the company as it eliminates the most senior level of its U.S.
Facebook shares post biggest single-day gain
Facebook's stock gained the most in a single day Wednesday since it began trading in May, a sign that the social media company's complicated ...
Apple's iPad Mini much pricier than rival tablets
Apple Inc.'s pencil-thin, smaller iPad will cost much more than its competitors, signaling that the company isn't going to get into a mini-tablet ...
Ahead of the Bell: Facebook surges on 3Q results
Shares of Facebook surged in premarket trading Wednesday, as analysts praised the social media company's third-quarter results, including its first ...
Ahead of the Bell: Zynga gains on job cut plans
Zynga's stock rose 5 percent in premarket trading Wednesday after the online game company disclosed it was eliminating games, studios and jobs to cut ...
Netflix slashes its forecast for subscriber gains
Netflix slashed its prediction for how many U.S. video-streaming subscribers it would add this year after subpar third-quarter results, causing a ...
Zynga to cut 5 percent of its staff
Online game company Zynga Inc. is eliminating games, studios and jobs in a bid to cut costs. The maker of social-media games including "FarmVille" and ...
Facebook 3Q results show mobile ad growth
Facebook finally has proof that it can make money from mobile advertising. As part of Tuesday's third-quarter results, the world's biggest social ...
Target to sell credit card business to TD Bank
Target Corp. on Tuesday said it reached a deal to sell its entire consumer credit card business to TD Bank Group, ending an almost two-year search for ...
DuPont to cut 1,500 jobs after 3Q profit slide
The DuPont Co. said Tuesday that it will cut about 1,500 jobs and take other steps to increase its competitiveness, after weak demand for a key ...
Rosneft sees $5B synergy savings from TNK-BP deal
Russian oil company Rosneft said it could make up to $5 billion in savings when it combines its operations with those of its takeover target TNK-BP, ...
Yahoo CEO starts reign with encouraging 3Q report
Yahoo CEO Marissa Mayer turned in an encouraging report card covering her first few months running the troubled Internet company. The third-quarter ...
Russia's Rosneft buys out TNK-BP
Russian state-owned oil giant Rosneft strengthened its hold on the country's lucrative oil industry when it sealed a deal Monday to buy TNK-BP, the ...
Google issues a bad report early, hurting Nasdaq
Google plummeted almost $80 per share, more than 10 percent, and trading in the stock was halted two and a half hours Thursday after a disappointing ...
Sprint seeks majority control of Clearwire
Flush with the promise of cash from a Japanese investor, Sprint Nextel Corp. on Thursday said that it wants to buy out the founder of Clearwire Corp.
Philip Morris Int'l 3Q profit falls 6 percent
Cigarette maker Philip Morris International Inc.'s third-quarter net income fell more than 6 percent, despite higher prices, as the company sold fewer ...
Italian bank Monte dei Paschi downgraded
Shares in Italian bank Monte dei Paschi di Siena have shed 6 percent of their value after Moody's cut the bank's credit rating to junk status.
EBay posts higher 3Q earnings, revenue
EBay reported Tuesday that its third-quarter net income rose 22 percent thanks to higher revenue at its PayPal payments service and at the ...
Stock market edges up on stronger housing report
A surprisingly strong housing report helped push the stock market mostly higher Wednesday, while weak earnings reports from Intel and IBM weighed on ...
In a surprise, Pandit steps down as Citigroup CEO
Vikram Pandit, who steered Citigroup through the 2008 financial crisis and the choppy years that followed, abruptly left the bank on Tuesday, stepping ...
Softbank to buy 70 percent of Sprint for $20.1B
Sprint dug a hole for itself when it bought Nextel in 2005 in one of the worst deals in telecom history. Now, a deep-pocketed friend from overseas ...
4 college savings plans get top Morningstar honors
College savings plans offered through the states of Alaska, Maryland, Nevada and Utah earned top marks from Morningstar Inc. in the company's annual ...
WHY IT MATTERS: Auto bailout
The issue: The government bailout of General Motors and Chrysler is one of the most polarizing issues of the presidential campaign. Many Americans ...