Sears Names New CEO Posted: 23 Feb 2011 07:43 PM PST Department store operator Sears named former technology company executive Lou D'Ambrosio as its chief executive, tapping a permanent replacement after three years under an acting chief. |
Rising Oil Prices Threaten Recovery Posted: 23 Feb 2011 07:24 PM PST A sustained and significant rise in oil prices could derail the U.S. economic recovery by stirring inflation and putting the brakes on spending. |
EPA Eases Stance on Boilers Posted: 23 Feb 2011 05:55 PM PST The EPA relaxed rules designed to cut pollution from the industrial boilers used at oil refineries, chemical plants and other manufacturing sites, responding to an industry outcry over the cost of its original plans. |
Berkshire Buoyed by 'Float' Posted: 23 Feb 2011 06:02 PM PST Berkshire Hathaway is likely to report improved fourth-quarter results, helped by growth in its pool of funds from insurance, which it puts to work in stocks and long-term investments. |
Toyota Quietly Tackles Quality Posted: 23 Feb 2011 11:49 AM PST One year after a bruising series of recalls, Toyota has quietly implemented a number of new quality and safety-related reforms to its operations, even as it denies its vehicles are prone to defective parts or engineering flaws. |
Court Clears Way for Seat-Belt Lawsuits Posted: 23 Feb 2011 03:52 PM PST The U.S. Supreme Court ruled that federal vehicle-safety regulations don't protect car makers from product-liability lawsuits over lap-only seat belts. |
Asia Inflation Concerns Rise Posted: 23 Feb 2011 07:26 PM PST Tens of thousands of people protested rising food prices in India and inflation rates jumped in Singapore and Vietnam, underscoring how food costs represent an increasingly difficult challenge for some Asian governments. |
Overstock Penalized in Google Search Posted: 23 Feb 2011 06:00 PM PST Google has penalized Overstock.com in its search results after the retailer ran afoul of Google policies that prohibit companies from artificially boosting their ranking in the Internet giant's search engine. |
Miner Ivanplats Heads Toward IPO Posted: 23 Feb 2011 07:20 PM PST Ivanhoe Nickel & Platinum, the mining company known as Ivanplats, plans to go public this year in an offering that could raise as much as $1 billion. |
Pritzkers Near $1 Billion Triton Sale to Warburg Posted: 23 Feb 2011 02:54 PM PST riton Container International Ltd., which is owned by the wealthy Pritzker family, is expected to announce as early as Thursday its sale to private equity firms Warburg Pincus LLC and Vestar Capital Partners for about $1 billion, people familiar with the matter said. |
Oil Hits $100 Posted: 23 Feb 2011 02:27 PM PST Oil prices surged, propelled by upheaval in Libya and disruptions to its crude supplies. Nymex futures rose to $100 a barrel, the contract's highest price since 2008, before easing. |
GE, Siemens Prep Electric-Car Charger Entries Posted: 23 Feb 2011 03:41 PM PST General Electric and Siemens are preparing to release their own lines of electric-car charging stations, injecting big name competition into a nascent business now dominated by little known start-ups. |
Transocean Books $1 Billion Charge Posted: 23 Feb 2011 01:43 PM PST Transocean swung to a fourth-quarter loss on a write-down of more than $1 billion, as the offshore driller also saw its utilization rate and average daily revenue decline. |
Priceline.com's Net Up As Revenue, Margins Rise Posted: 23 Feb 2011 01:47 PM PST Priceline.com Inc.'s fourth-quarter profit jumped 73% as a surge in international bookings fueled top-line growth and margins surged. |
Coke Tweaks Bottle Sizes in Pricing Move Posted: 23 Feb 2011 01:55 PM PST Coca-Cola plans to offer its beverages in a widening variety of sizes in the U.S. this year as it tries to boost its pricing power while grappling higher costs and price-sensitive consumers. |
Wall Street Bonuses Head South Posted: 23 Feb 2011 07:52 PM PST Wall Street cash bonuses shrank by roughly 8% last year despite strong profits, according to New York State Comptroller Thomas DiNapoli, reflecting the changing compensation culture on Wall Street. |
Hoenig: Fed Risks Another Crisis Posted: 23 Feb 2011 11:29 AM PST A top Federal Reserve official said that the central bank was risking a new financial crisis with its easy-money policies and that the U.S. must end its implicit "too-big-to-fail" guarantee for the biggest financial institutions. |
Google Tool to Move Microsoft Files to Web Posted: 23 Feb 2011 06:57 PM PST Google, taking aim at Microsoft's Office franchise, plans to release a free tool allowing users to transfer files from the software suite to the Web so that multiple people can edit and collaborate on them. |
Illinois Bond Sale Gets Done at a Cost Posted: 23 Feb 2011 08:06 PM PST Illinois enticed hedge funds, mutual funds and non-U.S. buyers to purchase $3.7 billion in new pension bonds, but the cash-strapped state had to pay dearly to get the deal done. |
Greener Ketchup Bottle Posted: 23 Feb 2011 09:43 AM PST Heinz plans to begin using a new ketchup bottle partially made from plant materials, a technology that it's getting from Coca-Cola Co. |