Business News

Milwaukee Journal Sentinel (Wisconsin) (February 11, 2016)
London - Budweisermaker AB InBev has received a binding offer of $2.85 billion for the European beer brands Grolsch, Peroni and Meantime - a sale that is meant to address regulatory concerns about its mega merger with SABMiller.
Milwaukee Journal Sentinel (Wisconsin) (February 12, 2016)
Hurt by declining beer sales and higher costs, SABMiller and Molson Coors on Thursday reported a lower quarterly profit for MillerCoors.
The Courier-Journal (Louisville, Kentucky) (February 5, 2016)
Viacom, the media company that owns Paramount Pictures, MTV and Nickelodeon, said Thursday its board of directors appointed CEO Philippe Dauman as executive chairman to succeed ailing Sumner Redstone, a move that clarifies its succession plans amid pressure from investors.
The Courier-Journal (Louisville, Kentucky) (February 4, 2016)
Delta Air Lines' Richard Anderson will retire May 2 as CEO and become executive chairman of the carrier's board of directors. Ed Bastian, Delta's president, will succeed Anderson as CEO. And Glen Hauenstein, executive vice president, will become president. Anderson, who assumed the role of Delta's CEO in 2007, helped guide Delta through a merger with Northwest that closed in 2008.
The Indianapolis Star (Indiana) (February 2, 2016)
san francisco - Alphabet vaulted Apple to become the most valuable company in the U.S. in after-hours trading on Monday, rousting the iPhone maker from the perch it held for more than four years.
The Indianapolis Star (Indiana) (February 2, 2016)
Global banks Barclays PLC and Credit Suisse Group AG will pay a record $154.3 million in combined settlements of allegations they misled customers who used the banks' private trading venues known as dark pools, officials said Monday.
The Indianapolis Star (Indiana) (February 3, 2016)
"As far as the pharmacy experience goes we are partners. Brian and I are very comfortable that we have complementary strengths, brands and, very importantly, cultures." CVS Health CEO Larry Merlo on his partnership with Target CEO Brian Cornell Their corporate logos share colors, their aisles share similar products - and now they'll share floor space.
The Indianapolis Star (Indiana) (February 4, 2016)
"There's no better time to join our team than spring, whether you're a college student, recent grad or a veteran hoping to build a career, a retiree who
The Arizona Republic (Phoenix) (February 3, 2016)
Chipotle Mexican Grill, the embattled burrito restaurant chain, said Tuesday its fourth quarter net income plummeted 44%, marking its worst quarter as a publicly traded company after an E.coli outbreak and other health safety issues drove customers away.
Times-Picayune (New Orleans) (February 12, 2016)
This week, Coca-Cola reported its latest earnings with a big smile, boasting that global soda volume sales rose in the last three months of 2015.
The New York Times (February 12, 2016)
Kohlberg Kravis Roberts said on Thursday that its fourth-quarter after-tax profit rose 53 percent despite a quarter of tumult in the stock market. The private equity giant, led by Henry R. Kravis and George R. Roberts, said its after-tax economic net income was $70.5 million in the fourth quarter, compared with $46 million in the period a year earlier. The earnings amounted to 8 cents a share after taxes, significantly short of the 27 cents a share expected by analysts surveyed by Thomson...
The New York Times (February 12, 2016)
LONDON -- In a period of sharply lower oil prices, the French company Total fared better in the fourth quarter than some of its peers, reporting adjusted net income on Thursday that beat analyst expectations.
The New York Times (February 12, 2016)
After John Cryan took the helm of Deutsche Bank in July, he set out to quickly clean up the mess left by his predecessors. The bank has taken earnings-crushing charges, slashed costs and pulled out of countries that it has been in for decades. Mr. Cryan, a cerebral British banker, is even getting down into the minutia. He is personally helping to decide which complex derivatives trades to close as he tries to free up scarce financial resources for better investments.   But in recent weeks, the...
The New York Times (February 12, 2016)
Morgan Stanley will pay $3.2 billion to strike a settlement with state and federal authorities over the Wall Street firm's creation of mortgage-backed bonds before the financial crisis. Nearly a year ago, Morgan Stanley announced that it expected to pay $2.6 billion to federal authorities in the settlement. Since then, though, Morgan Stanley was pushed to offer more money. Much of the additional money will go to New York State.   The settlement, which was announced Thursday morning, is one of...
The New York Times (February 12, 2016)
LONDON -- HSBC has changed course on its decision to freeze pay this year. Pay increases will go forward in 2016, but a hiring freeze will remain in place, the bank's chief executive, Stuart T. Gulliver, said in a memo to employees on Thursday.
The New York Times (February 12, 2016)
Two billionaire investors who have been agitating for the breakup of American International Group, the giant insurer, have gotten seats at the table. Carl C. Icahn, the activist investor, and John Paulson, the hedge fund manager, will gain two seats on A.I.G.'s board, though Mr. Icahn said on Thursday that he would appoint an associate of his investment firm instead of himself because he is occupied with several other companies.   The agreement reached Thursday will add two directors to the...
Los Angeles Times (February 12, 2016)
New York-based JetBlue Airways is planting roots in Silicon Valley to develop new technology for travelers and workers in the travel industry.
Los Angeles Times (February 12, 2016)
Jitters over the global economy and a steep drop in crude oil knocked U.S. stocks lower for the fourth day in a row Thursday. The drop in the U.S. followed large losses around the world, and it left all three major U.S. indexes down at least 10% since the beginning of the year. The latest slump reflected heightened concerns that global economic growth is slowing, even as Federal Reserve Chairwoman Janet L. Yellen reiterated her confidence in the U.S. economy in testimony to Congress on Thursday....
Journal of Commerce (February 10, 2016 Wednesday 8:17 AM)  Maersk Group's 2015 profit tumbled 82 percent to $925 million as record low freight rates and a write down in the value of its oil assets savaged the Danish shipping giant's annual earnings.A demand gap across most of its business units severely impacted the group's results. Underlying profit for the year was at $3.1 billion, down from $4.5 billion in 2014, with significantly lower profits at Maersk Line, Maersk Oil and APM...
Fort Worth Star-Telegram (Texas) (February 11, 2016)
Southwest Airlines will pay out a record $620 million in profit-sharing to employees, reflecting the airline's high-flying financial performance in 2015.
The Houston Chronicle (February 11, 2016 Thursday Correction)
AUSTIN - Austin-based Whole Foods Market beat several Wall Street forecasts with its first-quarter earnings report Wednesday, boosting the retailer's stock in after-hours trading.
The Boston Globe (February 11, 2016)
LONDON — The European Commission said Wednesday that it had signed off on a $6.3 billion merger of Staples and Office Depot after the companies agreed to sell some of Office Depot's operations in Europe to ease competition concerns.
The San Francisco Chronicle (California) (February 11, 2016)
Yahoo has notified 107 employees in its Sunnyvale headquarters that they will be laid off. The cuts are part of the beleaguered tech giant's plans to reduce itsglobal workforce by 15 percent, as it struggles to increase its share of worldwide advertising revenue.
The Philadelphia Inquirer (February 11, 2016)
Campbell Soup Co. is winding down its 42-year-old Labels for Education program because of declining participation, the company said on the program's website.  The Labels for Education site said the program had paid for than $110 million in school supplies at tens of thousands of schools across the United States.
Newsday (New York) (February 11, 2016)
What does a hot dog taste like when it comes from the Home of the Whopper? Find out on Feb. 23, when Burger King starts serving flame-grilled hot dogs in all U.S. locations, starting with an all-beef classic for $1.99 and a chili cheese dog for $2.29.
Last Updated: 2016-02-13 @9:41
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