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Updated: 1 year 27 weeks ago

Stocks edge higher ahead of Memorial Day holiday

Fri, 05/23/2014 - 16:26

Stocks were on track for a third consecutive day of modest gains Friday afternoon as investors weighed reports on sales of new U.S. homes and corporate earnings ahead of the Memorial Day holiday. Hewlett-Packard, GameStop and TripAdvisor were among the stocks posting the biggest gains on the day.

Suzuki recalls GM-made small cars for fire problem

Fri, 05/23/2014 - 12:52

Suzuki is recalling more than 184,000 small cars in the U.S. because the steering columns can catch fire. The recall covers Forenza models from 2004 through 2008 and Reno models from 2005 through 2008.

US safety agency probes older Ram pickups

Fri, 05/23/2014 - 12:50

U.S. safety regulators are investigating older-model Ram pickup trucks with manual transmissions because the engines can be started without the clutch being depressed.

Barclays fined for handling of gold prices

Fri, 05/23/2014 - 12:46

Barclays Bank has been fined by British regulators for management failings that allowed an employee to make inappropriate trades in the gold market.

HP to cut 11,000 to 16,000 more jobs

Thu, 05/22/2014 - 21:10

Hewlett-Packard says it is cutting another 11,000 to 16,000 jobs, above a target of 34,000 the company outlined in a multi-year restructuring plan in May 2012 and offered an outlook that was below expectations.

GM tells Wall Street that more recalls are likely

Thu, 05/22/2014 - 20:50

General Motors is telling Wall Street that a recent spate of recalls may last until mid-summer as the company continues to review unresolved safety issues.

Toyota recalling 430,500 vehicles in 3 recalls

Thu, 05/22/2014 - 16:32

Toyota is recalling 430,500 vehicles for three separate safety problems. Toyota says there have been no accidents or injuries connected to the defects.

Unilever sells Ragu brand for $2.15 billion

Thu, 05/22/2014 - 13:20

Unilever PLC has agreed to sell ownership of its Ragu and Bertolli brand sauces in North America to Japan’s Mizkan Group for $2.15 billion.

Sales gains lift Dollar Tree’s 1Q profit 4%

Thu, 05/22/2014 - 12:50

Dollar Tree is reporting a 4 percent jump in first-quarter net income as consumers spent more at its discount stores.

Marathon Petroleum buys Hess stations for $2.87B

Thu, 05/22/2014 - 12:48

Marathon Petroleum will spend $2.87 billion to acquire the retail operations of Hess, the largest chain of company operated gas stations and convenience stores on the East Coast.

Best Buy posts profit on cost-cutting, tax benefit

Thu, 05/22/2014 - 12:46

Consumer electronics retailer Best Buy said Thursday that a big tax benefit and cost-cutting pushed it to a profit in its fiscal first quarter. Adjusted earnings beat expectations, but sales fell short of Wall Street estimates.

BP to ask Supreme Court to hear claims issue

Wed, 05/21/2014 - 19:22

BP PLC said Wednesday it will ask the U.S. Supreme Court to decide whether businesses must prove they were directly harmed by the 2010 Gulf Of Mexico oil spill to collect payments from a 2012 settlement.

Minutes: Fed began weighing options for rate rise

Wed, 05/21/2014 - 19:04

The Federal Reserve has begun to discuss the tools it could use to finally pull back the extraordinary stimulus it’s provided the U.S. economy since 2008. But Fed officials plan further discussions and have set no timetable for any increase in interest rates.

GM adds 218,000 subcompacts to growing recall list

Wed, 05/21/2014 - 13:29

General Motors has added yet another recall to its growing list for the year. The recall of 218,000 Chevrolet Aveo subcompact cars is the company’s 29th this year, bringing the total number of recalled GM vehicles in the U.S. to around 13.8 million.

Zippo, Lorillard fighting over Blu trademark

Wed, 05/21/2014 - 13:14

Zippo and the nation’s third-biggest tobacco company are battling over the Blu brand name being used for both Zippo lighters and a hugely popular electronic cigarette.

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