BlackBerry Starts Selling New Q10 Smartphone with Keyboard
The first keyboard-equipped BlackBerry Q10 running the company's new operating system hits U.S. stores on Wednesday, starting with T-Mobile.
company news
S&P Downgrades Berkshire Hathaway Rating
Standard & Poor's cut a major rating for Warren Buffett's Berkshire Hathaway, saying the move better reflects the company's dependence on its core insurance operations.
Macy's Quarterly Profit Rises Along with Same-Store Sales
Macy's reported higher first-quarter profit and sales despite cool weather in much of the country that delayed spring shopping for many customers.
Deere Posts Higher Earnings, but Warns of Challenges
Deere reported higher quarterly earnings Wednesday and forecast a record profit for the full year, but warned that it faces challenges.
Hertz Moves Headquarters to Florida
Hertz is moving its headquarters to Florida from New Jersey, trimming corporate expenses after its $2.3 billion buyout of former rival Dollar Thrifty.
News of George Soros Investment Lifts J.C. Penney Shares
Shares of beleaguered retailer J.C. Penney rose more than 6% in aftermarket trading on Thursday after billionaire financier George Soros disclosed a 7.9% stake in the company.
Higher Fares Help Boost Southwest Airlines' Profit
Higher fares are helping Southwest Airlines make more money than Wall Street expected, but the company says automatic federal spending cuts could hurt revenue in April.
FedEx Wins Big Contract Extension with Postal Service
FedEx has won a $10.5 billion, 7-year contract extension from the US Postal Service. It will provide domestic air transportation service for Priority and Express mail.
P&G Quarterly Profit Rises on Cost-Cuts, Market Share Rise
Procter & Gamble says its net income rose 6 percent in the fiscal third quarter, as it cut costs and gained market share in North America.
Grupo Bimbo Reportedly Planning Twinkie Knockoff
Grupo Bimbo, which lost out on the bidding for the Twinkie brand, may be planning to bake up an imitation of the iconic product, The New York Post reports.
US Airways First-Quarter Profit Soars on Fuller Planes
US Airways posted a bigger adjusted first-quarter profit as it carried more passengers, and collected more from them.
Bellwether Caterpillar Posts Disappointing Profit and Sales
Caterpillar's profit and sales came in short of expectations. It also forecast that sales for the full year will be below target, because of slow growth in the world economy.
PepsiCo Quarterly Earnings Fall Even as Revenue Rises
PepsiCo Inc. reported lower quarterly earnings on Thursday, citing a hit from the devaluation of the Venezuelan currency.
Johnson & Johnson Wins Big Court Battle
J.C. Penney today opens its first store-within-the-store boutiques. They'll offer home goods from designers such as Michael Graves, Jonathan Adler and Sir Terence Conran.
HP Chairman Ray Lane Resigns, Whitworth Takes Over For Now
Hewlett-Packard Chairman Ray Lane, who has come under fire from shareholders for his role in the botched acquisition of British software firm Autonomy Plc, has stepped down.
Wall St.'s Biggest Head-Scratchers
There was plenty of market news last week to stare blankly at, or scrunch up one's nose in disbelief at the sound of. Among the offending stories: HP's abrupt about-face on the TouchPad tablet; an unannounced rate hike from Redbox in Austin; wishful thinking from GameStop's CEO; and, of course, Google's acquisition of Motorola Mobility.
Kraft Foods Hikes Full-Year Outlook
Food giant Kraft, which is currently engaged in a hostile takeover bid for Cadbury, boosts its full-year profit outlook after logging strong operating gains.