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: 9 min 53 sec ago
Steven Madden's stock fell in Monday premarket trading as the footwear and accessories company announced third-quarter revenue that missed analysts' expectations and gave a profit outlook for the period below Wall Street's view.
Yahoo Inc is expected on Tuesday to outline cost-cutting efforts and give details of how it is evaluating possible acquisitions as it faces pressure from an activist investor, the Wall Street Journal reported, citing a person who was briefed on the plan.
Hasbro Inc, the second-largest U.S. toymaker, reported a 43 percent jump in quarterly profit, helped by higher international sales, particularly in Latin America and the Asia Pacific region.
Struggling retailer Sears Holdings Corp said it would raise up to $625 million through a rights offering of 8 percent senior notes and attached warrants, in another effort to boost liquidity ahead of the crucial holiday shopping season.
Gannett Co. Inc. said Monday it had net income of $118.5 million, or 51 cents a share, in the third quarter, up from $79.7 million, or 34 cents a share, in the same period a year ago.
Canadian Pacific Railway Ltd said on Monday that it had ended talks to buy CSX Corp and that the two companies planned no further discussions, sending shares of the No. 3 U.S. railroad operator down more than 3 percent.
Halliburton Co, the world's No.2 oilfield services provider, reported a better-than-expected quarterly profit, helped by buoyant shale drilling activity in North America.
Sears is looking to raise more cash, announcing that it is planning a rights offering that may raise up to $625 million.
Canada's Valeant Pharmaceuticals International Inc (NYSE:VRX), embroiled in a bitter fight to take over Botox maker Allergan Inc (NYSE:AGN), posted a better-than-expected quarterly profit, driven by demand for its skin, neuro and eye drugs.
EBay said venture capitalist Marc Andreesen will quit its board after the online retailer announced last month plans to spin off PayPal.
The Vermont Public Service Board has ordered Green Mountain Power to pay to continuously monitor turbine noise at the Lowell wind project as part of a penalty for noise violations last year.
Canadian Pacific Railway says it has ended talks with U.S. counterpart CSX about a possible combination and plans no more discussions about a deal.
Billionaire investor Warren Buffett is on course to lose over $1 billion on IBM shares Monday, after the technology company reported disappointing third-quarter results and said it would transfer its semiconductor operations to Globalfoundries Inc. Buffett's Berkshire Hathaway is IBM's largest shareholder, with 70,173,978 shares as of the latest regulator filings, according to FactSet.
State officials report Ohio has suspended around 700 businesses since 2013 because owners didn't pay sales tax.
Vermont Gov. Peter Shumlin says IBM's electronics plant in Essex Junction is expected to keep operating in the state as IBM plans to sell its semiconductor production business to GlobalFoundries.
Canadian Pacific Railway Limited confirmed Monday that exploratory talks with CSX Corp. have been terminated and no further discussions are planned.
When a Dallas County sheriff's deputy who had entered the apartment of the first patient to die from Ebola in the U.S. started feeling ill himself, he didn't rush to the nearest hospital.
New York resident Matt Ficarra has been paralyzed from the chest down since an accident three years ago, but that didn't stop him from walking down the aisle.
China has donated $6 million to help stave off food shortages in the three African countries worst affected by the Ebola virus, the World Food Program announced Monday, part of Beijing's growing assistance to a continent where its companies have become major investors.
The European Central Bank has started buying securities called covered bonds as it launches its latest stimulus effort aimed at preventing the 18-country eurozone economy from sinking back into recession.