Business News

Chicago Tribune (November 21, 2014)
This holiday season, retailers' battle for your shopping dollars has a new front line: Your doorstep. With a projected $105 billion worth of online purchases up for grabs, retailers, including Wal-Mart, Target, Macy's and Best Buy, are making a high-stakes gamble that delivering packages faster and more cheaply will make them more competitive against e-commerce giants such as Amazon.com that have encouraged shoppers' expectations of instant gratification. Gambits such as same-day delivery or...
The New York Times (November 21, 2014)
ThyssenKrupp, the German steel maker and industrial conglomerate, reported its first annual net profit in three years on Thursday. And in an apparent sign of confidence, the company proposed paying a small dividend of 11 cents a share for the first time in three years. ThyssenKrupp, which is based in Essen, said that net income for the financial year ended Sept. 30 was 195 million euros, or about $244 million, compared with a €1.6 billion loss in the previous year. Sales were...
The New York Times (November 21, 2014)
Cost-cutting and an improved web strategy helped Best Buy almost double its profits in the third quarter, the retailer indicated on Thursday. The earnings report signaled to analysts that the company was on solid footing heading into the holiday shopping season. ''Retailers, a year or two ago, were sort of 'Oh my gosh, we've got to compete with online,' and maybe the business grew a little, but it wasn't a cohesive omni-channel strategy,'' said David Schick, an analyst with Stifel Nicolaus,...
The New York Times (November 21, 2014)
WASHINGTON -- Chrysler needs to take ''significantly more aggressive steps'' to repair Jeeps the government says are prone to deadly fires in rear-impact crashes, the nation's top automotive safety official wrote in a letter sent to the company on Thursday.
The New York Times (November 21, 2014)
Airbus scored a big victory over Boeing on Thursday when Delta Air Lines said it would buy 50 new planes from Airbus, including its newest long-range A350 aircraft. The order came after months of jostling between Airbus and Boeing for the Delta bid, and it represented a coup for the European manufacturer in the United States wide-body market. Delta said it would buy 25 A350-900s for its Pacific Ocean flights and 25 A330-900neos, primarily for Atlantic Ocean flights. All the planes will be...
Los Angeles Times (November 21, 2014)
U.S. stocks rebounded Thursday, sending the Dow Jones industrial average and Standard & Poor's 500 index back into record territory. It was the second record-high close for the Dow this week and the third for the S&P 500. The modest gains erased losses from the day before, pushing the three major stock indexes further ahead for the week.
Charlotte Observer (North Carolina) (November 20, 2014)
In a potential boost for its attempt to acquire Matthews-based Family Dollar, the CEO of Dollar Tree said Thursday that he expects federal antitrust regulators will require the company to divest fewer of its stores to gain approval for the deal.
The Christian Science Monitor (November 20, 2014)
It's a standard ritual: come home from work, make dinner, watch a movie or some episodes of a TV show on Netflix. So many people are enjoying similar evenings, in fact, that video streamed over Netflix now makes up more than a third of all downstream Internet traffic in North America during peak hours, according to a new report from research firm Sandvine.
The Boston Herald (November 20, 2014)
Staples Inc. is accelerating its store closings this year and making progress toward its 'reinvention,' but the office supply chain expects fewer holiday sales compared to last year.
Arkansas Democrat-Gazette (Little Rock) (November 20, 2014)
Tyson Foods is quickly integrating Hillshire Brands into its business and realizing cost savings from the acquisition, Donnie Smith, Tyson's chief executive officer, said Wednesday. Smith spoke at the Morgan Stanley Global Consumer and Retail Conference in New York. Dennis Leatherby, chief financial officer, and Andy Callahan, retail president and a former member of the Hillshire leadership team, joined him onstage. The group reinforced and elaborated on points made during Monday's quarterly...
The Buffalo News (New York) (November 20, 2014)
NEW YORK -Target reported a 3.2 percent rise in its third-quarter profit and beat Wall Street expectations as shoppers spent more on beauty products, toys and back-to-school items. The results, which marked its first increase in a key revenue measure in a year, shows how the company is successfully moving beyond a massive data breach disclosed a week before last Christmas. That sent customers fleeing for months and hurt sales and profits. Shares rose almost 5 percent on the news in morning...
The Buffalo News (New York) (November 20, 2014)
U.S. regulators will require stock exchanges to show they can prevent technology disruptions, under new rules intended to limit the frequency of malfunctions that have undermined investor confidence. The Securities and Exchange Commission voted unanimously Wednesday to approve rules that will cover the Nasdaq Stock Market, the New York Stock Exchange and venues operated by Bats Global Markets, as well as dark pools - private stock exchanges - including those owned by Credit Suisse Group AG and...
The Buffalo News (New York) (November 20, 2014)
It will soon cost money to check a bag on JetBlue if you buy the cheapest tickets.JetBlue Airways Corp. said Wednesday that it will create three ticket classes beginning in the first half of 2015, and only the top two include at least one free checked bag.
Chicago Tribune (November 20, 2014)
McDonald's first and largest restaurant in Russia reopened after local officials closed the location for three months, an optimistic sign for a company trying to return to business as usual in the country.
The Boston Globe (November 20, 2014)
Staples earned $216.8 million for the quarter that ended Nov.1. That's up from $135.2 million last year.
The New York Times (November 20, 2014)
ESSEN, Germany -- Heinrich Hiesinger was stunned by what he found in early 2011 when he became chief executive of ThyssenKrupp, one of Europe's biggest and oldest industrial companies. Not long after he took the helm, the company plunged into a series of deep losses totaling about 8 billion euros, or $10 billion, mostly as a result of his predecessor's ill-timed investments in steel plants in Brazil and the United States. The company had been solidly profitable as recently as 2008, when it...
The New York Times (November 20, 2014)
After several quarters of troubled earnings, Target beat expectations on Wednesday by reporting that its profits had risen in the third quarter, a sign that it is recovering from the fallout of its huge data breach last year. Like many other retailers, Target has struggled with sluggish consumer spending and competition from online rivals like Amazon. For the last two years, Target, which is based in Minneapolis, has underperformed the Standard & Poor's 500-stock index, according to David...
The New York Times (November 20, 2014)
The attorney general of Arizona said on Wednesday that the state had filed suit against General Motors, claiming that the automaker had defrauded the state's consumers of an estimated $3 billion. The suit is the first major legal action against G.M. over its record number of recalls this year, most notable among them one for a defective ignition switch in 2.6 million small cars that was delayed for decades. The complaint was harsh and unsparing in its criticism of G.M., suggesting that the...
USA TODAY (November 20, 2014)
The press days of the big auto show here got underway in earnest on Wednesday and here are some highlights from on the display stands and on the sidelines. A ride for the
Los Angeles Times (November 20, 2014)
It has been a rough month for Jeffrey Katzenberg. In the space of a few weeks, the mogul and co-founder of DreamWorks Animation SKG Inc. has been rebuffed by three high-profile potential buyers: Japanese telecommunications giant SoftBank Corp., Rupert Murdoch's 21st Century Fox and Hasbro Inc. Katzenberg, known for driving a hard bargain, may have overplayed his hand. The studio executive was said to be pursuing a deal worth about $3 billion -- about $1 billion above the company's current...
Los Angeles Times (November 20, 2014)
Free checked bags on airlines are not extinct, but soon they will be harder to find. To boost revenue, JetBlue Airways announced plans Wednesday to eliminate free checked bags for its lowest fares and squeeze the legroom on most of its planes.
The Washington Post (November 20, 2014)
William Spoor, the Pillsbury chief executive who led the U.S. food maker's acquisition drive two decades before it was bought by General Mills, died Nov. 14 at his home in Salt Lake City. He was 91. His son, also named William, confirmed the death but did not disclose the cause. With Mr. Spoor as CEO and chairman from 1973 to 1985, Pillsbury bought some of America's most well-known brands, including Häagen-Dazs ice cream, Green Giant frozen vegetables and Godfather's Pizza.
Orlando Sentinel (Florida) (November 19, 2014)
Darden Restaurants said Tuesday it is cutting 60 corporate employees, including three executives, as part of a plan to save up to $20 million a year.
The Buffalo News (New York) (November 19, 2014)
TOKYO - There will only be a few hundred, and they won't be cheap, but Toyota is about to take its first small step into the unproven market for emissions-free, hydrogen-powered vehicles.The world's largest automaker announced Tuesday that it will begin selling fuel cell cars in Japan on Dec. 15 and in the U.S. and Europe in mid-2015. The sporty-looking, four-door Toyota Mirai will retail for $57,600 before taxes. Toyota Motor Corp. hopes to sell 400 in Japan and 300 in the rest of the world in...
The Boston Globe (November 19, 2014)
PROVIDENCE — Toy makers at Hasbro don't want Mr. Potato Head to end up at the bottom of toy boxes, simply because children with developmental disabilities don't know how to play with him.
Last Updated: 2014-11-24 @0:51
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