  Weather
Market Update - Shares of Burger King Holdings drop sharply after analysts say the group?s 42% rise in fiscal fourth-quarter profit was boosted by an unexpectedly low tax rate and as they express concern... 
|
Business NewsNEW YORK - A private sector measure of the economy's health showed the largest drop in a year, and while new jobless claims fell for the second straight week, they remain near the highest levels since 2002.
NEW YORK - Stocks resumed their pullback Thursday as a surge in oil prices fanned inflation concerns and as investors grew more anxious about the financial sector.
NEW YORK - Oil prices shot up more than $5 a barrel Thursday, rising to the highest level in over two weeks as escalating tensions with Russia stoked fears of a disruption of energy shipments to Western countries.
NEW YORK - New York Attorney General Andrew Cuomo said Thursday he'll file suit against Merrill Lynch & Co. over its role in selling auction-rate securities if an agreement isn't reached by the end of the day.
MILWAUKEE - Food maker H.J. Heinz Co. said Thursday that its fiscal first-quarter profit rose 11 percent, fueled by double-digit sales growth in North America and Europe.
FRANKFURT, Germany - German lender IKB Deutsche Industriebank AG, which has been badly hit by the U.S. subprime mortgage crisis, will be sold to U.S.-based private equity firm Lone Star Funds, the German company's biggest shareholder said Thursday.
PORTLAND, Ore. - Barnes & Noble Inc., the nation's largest bookseller, posted a 15 percent drop in second-quarter profit Thursday as it struggles with sluggish consumer spending.
NEW YORK - Oil prices shot up $6 a barrel Thursday, rising to the highest level in over two weeks as escalating tensions with Russia stoked fears of a disruption of energy shipments to Western countries.
WASHINGTON - Shares of troubled mortgage finance companies Fannie Mae and Freddie Mac stabilized Thursday in late morning trading, reversing three days of double-digit declines.
NEW YORK - A private business group's measure of the U.S. economy's health showed the largest drop in one year as stocks fell, new building permits declined and unemployment rose.
NEW YORK - Stocks fell in early trading Thursday as oil prices rose again and investors grew more anxious about the financial sector, particularly mortgage financiers Fannie Mae and Freddie Mac and investment bank Lehman Brothers Holdings Inc.
WASHINGTON - Shares of troubled mortgage finance companies Fannie Mae and Freddie Mac continued their freefall Thursday, as market expectations grew that the government would intervene and eliminate common stockholders' investment.
NEW YORK - Barnes & Noble Inc., the nation's largest bookseller, said Thursday that second-quarter profit fell 15 percent as it confronts sluggish consumer spending.
NEW YORK - Burger King Holdings Inc., the nation's No. 2 hamburger chain, said Thursday its profit surged 42 percent in its fiscal fourth quarter, driven by a rise in sales at established locations and a slew of promotions.
Oil prices jumped above US$119 Thursday as rising antagonism between Russia and the United States underscored the possibility it could affect energy shipments from the world's second-largest oil producer.
FRANKFURT, Germany - Auto parts maker Continental AG said Thursday it had ended a weeks-long standoff over a takeover bid from smaller rival as its suitor Schaeffler KG raised its offer and agreed to limit itself to a minority stake for four years.
PORTLAND, Oregon - Most states don't recognize gay marriage - but now Hallmark does. The U.S.'s largest greeting card company is rolling out same-sex wedding cards - featuring two tuxedos, overlapping hearts or intertwined flowers, with best wishes inside.
NEW YORK - Barnes & Noble Inc., the nation's largest bookseller, is reporting a 15 percent decline in second-quarter profit and is reducing its full-year sales outlook at established stores as it confronts a sluggish economic environment.
NEW YORK - Wall Street headed for a lower open Thursday amid growing anxiety over the financial sector, particularly mortgage financiers Fannie Mae and Freddie Mac and the investment bank Lehman Brothers Holdings Inc.
WASHINGTON - The number of newly laid-off workers seeking unemployment benefits fell more than expected last week, the second straight drop from a six-year high, according to government data released Thursday.
NEW YORK - Kohl's Corp. announced Thursday that Chairman Larry Montgomery has resigned as chief executive and will be replaced in that role by the retailer's president, Kevin Mansell.
NEW YORK - Stock futures are still trading lower, even after the Labor Department reported a larger-than-expected drop in unemployment benefit claims.
FRANKFURT, Germany - Auto parts maker Continental AG said Thursday it had ended a weeks-long standoff over a takeover bid from smaller rival Schaeffler KG after the suitor raised its offer and agreed to limit itself to a minority stake.
NEW YORK - New York Attorney General Andrew Cuomo will intensify his probe into auction-rate securities by focusing on Bank of America Corp., Goldman Sachs Group Inc.
|
||||||
