North America

Midday Market Minute: Michael Kors Shares Jump To Lifetime High

Fashion company Michael Kors Holdings Ltd raised its full-year forecast after handily beating Wall Street estimates for its third-quarter results with the help of strong sales of luxury items in North America and Europe during the holidays. The results sent the company's shares up 13 percent to a lifetime high on the New York Stock Exchange.

Kraft's $2 Billion Cookie Turns 100

Kraft just celebrated the Oreo's centennial. But with sales at a stunning $2 billion a year, the Oreo is no longer just "Milk's favorite cookie," or America's, for that matter -- it's a global powerhouse.

GM's Next Big Problem: Making Europe Profitable

GM made $2.2 billion in North America in the third quarter, but it couldn't expand on that number with earnings abroad. Now the bailed out, revamped and much-improved automaker has to find a way to make Europe profitable -- because the Continent is essential to its global operations.

Mazda to Recall Over 500,000 Vehicles Worldwide

Mazda is readying to recall over 500,000 vehicles across the world due to a problem with the power steering. Earlier this week, Mazda said it was recalling more than 300,000 vehicles in North America, including 215, 000 in the United States. Today, Mazda said it was widening the recall to markets including China, Europe and Australia, The Financial Times reported.

Coach Earnings Pop 34% on Strong Sales

Coach reported a 34% increase in its fiscal fourth-quarter earnings on Tuesday, as the handbags and accessories maker continued to see sales pick up in North America and China. Net income for the quarter rose to $195.5 million from $145.8 million a year earlier.

World's supply of rich people falls

Wealth – and the number of wealthy people – declined over the past year. Unsurprisingly, the worldwide recession that has hammered...