- Michael Kors posts higher profit; stock jumps Reuters - 30 mins ago
(Reuters) - Michael Kors Holdings Ltd reported higher quarterly results, helped by strong demand for its namesake luxury brand, sending shares of the designer apparel … More »Michael Kors posts higher profit; stock jumps
(Reuters) - Michael Kors Holdings Ltd reported higher quarterly results, helped by strong demand for its namesake luxury brand, sending shares of the designer apparel and accessory company up 23 percent. The company, named after its founder Michael Kors who is one of the judges on the long-running TV fashion show "Project …
- EU debt crisis potential impediment to U.S. growth: Geithner Reuters - 14 mins ago
WASHINGTON (Reuters) - Treasury Secretary Timothy Geithner warned on Tuesday that Europe's debt problems along with the slowdown in other major economies present "potential … More »EU debt crisis potential impediment to U.S. growth: Geithner
WASHINGTON (Reuters) - Treasury Secretary Timothy Geithner warned on Tuesday that Europe's debt problems along with the slowdown in other major economies present "potential impediments" to U.S. growth. "While the economy is regaining strength, we still face significant economic challenges," Geithner said in prepared remarks …
- Wynn downplays SEC inquiry, hits Okada claims Reuters - 40 mins ago
LOS ANGELES/HONG KONG (Reuters) - Wynn Resorts Chief Executive Officer Steve Wynn played down a U.S. regulatory inquiry into a company donation at the heart of a bitter … More »Wynn downplays SEC inquiry, hits Okada claims
LOS ANGELES/HONG KONG (Reuters) - Wynn Resorts Chief Executive Officer Steve Wynn played down a U.S. regulatory inquiry into a company donation at the heart of a bitter legal battle embroiling his $15 billion casino empire, hitting back at his largest shareholder and accuser in a memo to employees. On Monday, Wynn Resorts …
- Avon sales slide, sales reps drop out Reuters - 6 mins ago
(Reuters) - Avon Products Inc reported weaker-than-expected fourth-quarter results as sales slid in every market except Latin America and the company saw a 3 percent … More »Avon sales slide, sales reps drop out
(Reuters) - Avon Products Inc reported weaker-than-expected fourth-quarter results as sales slid in every market except Latin America and the company saw a 3 percent drop in the number of representatives who sell its cosmetics directly to consumers. Still, shares were up 3 percent as executives said they could announce …
- Greece rushes to meet lender demands Reuters - 2 hrs 22 mins ago
ATHENS (Reuters) - Greece's government rushed on Tuesday to find 325 million euros in budget cuts to satisfy euro zone finance ministers deciding whether to sign off … More »Greece rushes to meet lender demands
ATHENS (Reuters) - Greece's government rushed on Tuesday to find 325 million euros in budget cuts to satisfy euro zone finance ministers deciding whether to sign off on a rescue package to save the country from a chaotic default. Squeezed between skeptical European capitals and deep anger in Greece, political leaders must …
- Boeing signs record $22.4 billion order with Lion Air Reuters - 1 hr 2 mins ago
(Reuters) - Boeing Co said on Tuesday it signed its largest ever commercial airplane order with Indonesia's Lion Air in a deal worth $22.4 billion. Boeing said Lion Air, … More »Boeing signs record $22.4 billion order with Lion Air
(Reuters) - Boeing Co said on Tuesday it signed its largest ever commercial airplane order with Indonesia's Lion Air in a deal worth $22.4 billion. Boeing said Lion Air, Indonesia's largest carrier by passenger volume, has ordered 230 airplanes, including 201 737 MAXs and 29 next-generation 737-900 ERs. Lion Air will also …
- Google gets U.S., EU nod to buy Motorola Mobility Reuters - 7 hrs ago
WASHINGTON/BRUSSELS (Reuters) - U.S. and European regulators approved Google Inc's $12.5 billion purchase of Motorola Mobility Holdings Inc and said they would keep a … More »Google gets U.S., EU nod to buy Motorola Mobility
WASHINGTON/BRUSSELS (Reuters) - U.S. and European regulators approved Google Inc's $12.5 billion purchase of Motorola Mobility Holdings Inc and said they would keep a sharp eye on the web search giant to ensure patents critical to the telecommunications industry would be licensed at fair prices. It was one of a series of …
- Businesses boosted stockpiles 0.4 percent AP - 10 mins ago
Businesses restocked at a faster pace in December, a positive sign that they expect consumer demand to rise. More »Businesses boosted stockpiles 0.4 percent
Businesses restocked at a faster pace in December, a positive sign that they expect consumer demand to rise.
- Creditors spell out Greece austerity measures AP - 7 mins ago
Greece's international creditors spelled out the spending cuts and reforms that Athens has to put into practise before it can receive vital bailout cash, according to … More »Creditors spell out Greece austerity measures
Greece's international creditors spelled out the spending cuts and reforms that Athens has to put into practise before it can receive vital bailout cash, according to a draft document obtained by The Associated Press on Tuesday.
- AP sues Meltwater News claiming copyright offense AP - 16 mins ago
The Associated Press is suing a digital news distributor, claiming it infringed on AP copyrights. More »AP sues Meltwater News claiming copyright offense
The Associated Press is suing a digital news distributor, claiming it infringed on AP copyrights.
- January retail sales gain points to modest growth AP - 14 mins ago
Americans rebounded from a weak holiday season and stepped up spending on retail goods in January. The latest government report on retail sales pointed to a slowly improving … More »January retail sales gain points to modest growth
- US stocks down as Greek bailout debate winds on AP - 31 mins ago
It wasn't the Valentine's Day investors were hoping for. More »US stocks down as Greek bailout debate winds on
- Avon posts 4Q loss on charge, sales slump AP - 1 hr 2 mins ago
Avon Products Inc. posted a fourth-quarter net loss as sales slumped, costs rose and the beauty products company marked down the value of a silver jewelry company it … More »Avon posts 4Q loss on charge, sales slump
Avon Products Inc. posted a fourth-quarter net loss as sales slumped, costs rose and the beauty products company marked down the value of a silver jewelry company it acquired in 2010.
- Sazerac seeks to douse competitor's whiskey pitch AP - 6 mins ago
SinFire Cinnamon Whiskey is marketed as a "sinful spirit." Sazerac Inc. thinks it's an idea that's sinfully close to its own brand of cinnamon flavored alcohol, Fireball … More »Sazerac seeks to douse competitor's whiskey pitch
SinFire Cinnamon Whiskey is marketed as a "sinful spirit." Sazerac Inc. thinks it's an idea that's sinfully close to its own brand of cinnamon flavored alcohol, Fireball Whiskey.
- Goodyear posts 4Q profit, but misses Street view AP - 2 hrs 1 min ago
Goodyear Tire & Rubber Co. returned to profitability in its fourth quarter partly due to higher tire prices after reporting a loss a year ago that included hefty costs … More »Goodyear posts 4Q profit, but misses Street view
- Eurozone set for Q4 economic contraction AP - 1 hr 19 mins ago
A run of downbeat economic news Tuesday reinforced expectations that the 17-nation eurozone's economy shrank during the last three months of 2011 as the government debt … More »Eurozone set for Q4 economic contraction
- Greek economy stuck in deep recession AP - 2 hrs 28 mins ago
The Greek economy remained stuck in a deep recession in the fourth quarter, according to official figures released Tuesday that confirm the painful effects of austerity … More »Greek economy stuck in deep recession
- Sazerac seeks to douse competitor's whiskey pitch AP - 6 mins ago
SinFire Cinnamon Whiskey is marketed as a "sinful spirit." Sazerac Inc. thinks it's an idea that's sinfully close to its own brand of cinnamon flavored alcohol, Fireball … More »Sazerac seeks to douse competitor's whiskey pitch
SinFire Cinnamon Whiskey is marketed as a "sinful spirit." Sazerac Inc. thinks it's an idea that's sinfully close to its own brand of cinnamon flavored alcohol, Fireball Whiskey.
- Panetta, Dempsey defend military budget plan AP - 6 mins ago
Defense Secretary Leon Panetta and the nation's top military leader on Tuesday defended the Pentagon's slimmed-down, $614 billion budget, telling lawmakers it's time … More »Panetta, Dempsey defend military budget plan
Defense Secretary Leon Panetta and the nation's top military leader on Tuesday defended the Pentagon's slimmed-down, $614 billion budget, telling lawmakers it's time to show Congress is serious about reducing the deficit.
- Retail sales up modestly but recovery advances Reuters - 7 mins ago
WASHINGTON (Reuters) - Retail sales rose less than expected in January as consumers cut back on car purchases, but a rebound in an underlying sales gauge suggested a … More »Retail sales up modestly but recovery advances
WASHINGTON (Reuters) - Retail sales rose less than expected in January as consumers cut back on car purchases, but a rebound in an underlying sales gauge suggested a solid underpinning for the economy's recovery. Total retail sales increased 0.4 percent last month, the Commerce Department said on Tuesday. Economists polled …
Business News Headlines
ATHENS (Reuters) - Greece's government rushed on Tuesday to find 325 million euros in budget cuts to satisfy euro zone finance ministers deciding whether to sign off on a rescue package to save the country from a chaotic default. Squeezed between skeptical European capitals … More »Greece rushes to meet lender demands
(Reuters) - For years, Craig McCann played a prominent role as a … More »Wall Street fights back against expert witness in lawsuits
(Reuters) - Boeing Co said on Tuesday it signed its largest ever commercial airplane order … More »Boeing signs record $22.4 billion order with Lion Air
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