FOX News: Business
FOXBusiness.com - Breaking news and video. Latest Current News: News, Investing, Technology, Personal Finance, Business Leaders, Travel, On Air, Small Business.
Updated: 42 min 30 sec ago
Kimberly-Clark plans to eliminate up to 1,300 jobs as part of restructuring efforts aimed at reducing costs and making its business more efficient.
U.S.-listed shares of France's Total SA rose Tuesday, a day after CEO Christophe de Margerie died in a plane crash in a Russian airport.
Stocks are opening higher after several big companies reported results that pleased investors.
Times are getting leaner for McDonald's.
The chief executive of French oil major Total, Christophe de Margerie, was killed when his private jet collided with a snow plow as it was taking off from Moscow's Vnukovo airport on Monday night.
Harley-Davidson Inc (NYSE:HOG) reported stronger-than-expected quarterly financial results on Tuesday, lifted by increased motorcycle sales in key markets, including the United States.
Verizon Communications Inc. on Tuesday reported lower net income but higher revenue in its third quarter, helped by strong wireless subscriber growth and demand for its FiOS Internet services.
Personal care products maker Kimberly-Clark Corp reported a 3.4 percent rise in quarterly revenue, helped by strong sales in international markets such as Brazil, China, South Africa and Vietnam.
Lockheed Martin Corp expects international sales to reach a target of 20 percent of revenues by the end of this year, and growing further in coming years, Bruce Tanner, the company's chief financial officer, told reporters on Tuesday.
First, CVS Health pulled tobacco from its store shelves.
The European Commission fined JPMorgan, and Credit Suisse a total of 94 million euros ($120 million) on Tuesday for taking part in cartels in the financial sector.
McDonald's says its profit and sales declined as the world's biggest hamburger chain saw customer traffic fall around the world.
Three large investment banks will be fined $115 million collectively by the European Union for rigging the Swiss franc Libor benchmark, according to a Reuters
The Washington Supreme Court is set to hear arguments in a case filed by three sex trafficking victims who say the website Backpage.com helps promote the exploitation of children.
As Democrats across the country make an election-year push to raise the minimum wage, they often point to fast food workers, baristas and others who are struggling to raise families, pay rent or get through school — some on as little as $7.25 per hour.
The world's biggest burger chain posted a 30% drop in quarterly profit, dented by a food scandal in China, and intense competition in the United States.
Higher cigarette prices helped Camel cigarette maker Reynolds American Inc.'s net income rise 2.2 percent in its third quarter.
European stock markets rallied and the euro dropped on Tuesday after reports said the European Central Bank may start buying corporate bonds on the secondary market.
Coca-Cola posted declining earnings and revenue in the third quarter, and unveiled a new cost-cutting plan to reduce $3 billion per year by 2019.
Verizon Communications reported a third-quarter profit attributable to the company of $3.79 billion, or 89 cents a share, compared with earnings of $2.23 billion, or 78 cents a share, in the year-earlier period.