Cisco upgraded to ‘Outperform’ at William Blair; analyst sees pent-up demand, new dealsNEW YORK — Cisco Systems Inc. is winning new deals and benefiting from a broad economic recovery, a William Blair analyst said Wednesday as he upgraded the company’s stock. Iraqi official: Iranian opposition members freed in Iraq but their deportation order standsBAGHDAD — A group of 36 Iranian opposition members were returned Wednesday to an exile camp in northern Iraq after nearly three months in Iraqi custody and despite an ongoing effort to expel them, a government spokesman said. Seed maker Monsanto 4Q loss widens as sales slumpST. LOUIS — Monsanto Co., the world’s biggest seed maker, said Wednesday its fourth-quarter loss widened to $233 million in the fourth quarter on a decrease in revenue, led by a drop in sales of its Roundup herbicide brand. European markets drift lower as third quarter earnings season starts in earnestLONDON — European stock markets fell modestly Wednesday after big gains the previous day as investors prepared for the start of the third-quarter corporate reporting season. Julius Baer buys ING’s Swiss subsidiary for $505 million in cashZURICH — Julius Baer, Switzerland’s largest private bank, said Wednesday it is buying the Swiss subsidiary of Dutch bank ING for 520 million Swiss francs ($505 million) in cash. TV: Iran foreign minister says US may have role in disappearance of nuclear scientistTEHRAN, Iran — Iran accused the United States on Wednesday of involvement in the disappearance of one of its nuclear scientists during a pilgrimage to Saudi Arabia, raising a new mystery at a time when the West is trying to determine the extent of Iran’s nuclear program. Costco 4th-quarter profit slips partly on stronger dollar, but tops analysts’ estimatesNEW YORK — Costco Wholesale Corp. said Wednesday that its fiscal fourth-quarter profit fell 6 percent, partly on the stronger dollar and increased employee benefit costs, but results beat analysts’ estimates. Kroger feeds store-brand product lines from own network of food-manufacturing plantsSPRINGDALE, Ohio — Ice cream swooshes out of metal nozzles and swirls into 38,000 “party pails” per day here, one of many ways Kroger Co. is using its massive manufacturing capability to feed growing demand for low-priced store brands. Report: Thousands of Indian women die needlessly in maternal deathsNEW DELHI — Tens of thousands of Indian women die needlessly every year during pregnancy or because of childbirth-related problems, a human rights group said Wednesday, blaming a medical system hobbled by poor planning, caste discrimination, a lack of accountability and limited access to emergency care. Thousands of Romanian workers protest low wages outside government HQ; traffic blockedBUCHAREST, Romania — Thousands of Romanian workers from all over the country protested low wages in the capital on Wednesday, rallying outside government headquarters to demanded leaders do something to increase their pay. INSIDE WASHINGTON: Sleeping on duty when it comes to scrutiny of war contractorsWASHINGTON — During a routine check of a watch tower at a U.S. military base in Kuwait, an Army sergeant found the guard leaning back in a chair, his sunglasses on, apparently sound asleep. When the soldier woke the guard, an employee of a defense contractor named Combat Support Associates, he denied he’d dozed off while on duty. Colo. Safeway, King Soopers workers reject latest contract offer, ask for more talksDENVER — A union representing Colorado grocery workers says members statewide have voted to reject the latest contract offers from Safeway and the Kroger Co.’s King Soopers and City Market chains. Texas activists sue state over lack of greenhouse gas restrictions for new power plantsDALLAS — Environmental activists sued the Texas environmental agency Tuesday in an effort to force the state to regulate greenhouse gases, asking that coal-fired power plant projects be halted until that happens. Amazon cuts Kindle price to $249, unveils global version to spur sales, fend off competitionCUPERTINO, Calif. — Amazon.com Inc. is cutting the price of its Kindle electronic-book reader yet again and launching an international version, in hopes of spurring more sales and keeping it ahead of a growing field of competitors. Colo. Safeway workers reject latest contract offer, ask company to return to bargaining tableDENVER — A union representing Colorado grocery workers says members have voted overwhelmingly to reject the latest contract offer from Safeway. FDIC sells 40 percent stake in $4.5 billion worth of Corus Bank assets to Starwood-led groupWASHINGTON — The Federal Deposit Insurance Corp. has agreed to sell a 40 percent stake in a portfolio of Corus Bank assets for $554.4 million to a private-equity consortium led by Starwood Capital Group. Correction: Sun-Times bankruptcy storyCHICAGO — In a Sept. 30 story about a bid to buy the bankrupt Chicago Sun-Times, The Associated Press reported erroneously that Rupert Murdoch had sold the Sun-Times in 1993 to Hollinger Inc. Murdoch sold the newspaper in 1986 to a separate investment group that did not include Hollinger; Hollinger purchased the Sun-Times in 1994. The same error appeared in a Dec. 29, 2008, story about the decline in the number of daily newspapers in Chicago. After 4 years, auto parts supplier Delphi emerges from Chapter 11 as new companyNEW YORK — Auto parts supplier Delphi finally exited bankruptcy protection on Tuesday nearly four years to the day it filed for Chapter 11. ID woman killed by garage door at paramedics building lured workers away with fake 9-1-1 callBOISE, Idaho — An Idaho woman who died after being pinned under a garage door at the paramedic building where she used to work first lured emergency workers away with a fake 9-1-1 call. Senate passes Pentagon budget, war funding bill as tally for Afghanistan and Iraq hits $1TWASHINGTON — As President Barack Obama weighs major shifts in strategy in the deteriorating mission in Afghanistan, the Senate on Tuesday passed a bill bringing the total U.S. tab for that war to about $300 billion. Feds award $2.7 million for carbon capture project at Wolverine Power’s proposed coal plantTRAVERSE CITY, Mich. — An electric power co-op that wants to build a coal-fired plant in northern Michigan has received a $2.7 million federal grant for a project designed to prevent industrial carbon dioxide from contributing to climate change, officials said Tuesday. Utah Gov. Gary Herbert meets with gay rights group after opposing anti-discrimination lawsSALT LAKE CITY — Utah Gov. Gary Herbert met with a gay rights advocacy group Tuesday for the first time since saying he opposes providing legal protections for gay and transgender people. Kennecott Utah Copper discovers huge deposit of molybdenum under Bingham Canyon MineSALT LAKE CITY — Kennecott Utah Copper says it has discovered a huge deposit of molybdenum (ma-LIB-DE’-nem) beneath its Bingham Canyon Mine. Gold prices surge to new all-time high as dollar tumbles, investors seek inflation hedgeNEW YORK — Gold prices surged to a new high Tuesday as investors sought a safe harbor from a falling dollar and inflation. Boeing, MGM Mirage, Corning, Avocent, Pepsi Bottling Groupare among big market movers TuesdayNEW YORK — The following stocks were among those that moved substantially or traded heavily Tuesday on the New York Stock Exchange: Clearwire names Alvarion, ZTE as network infrastructure suppliers in launch of 4G WiMAXKIRKLAND, Wash. — Clearwire Corp. said Tuesday it named telecoms equipment providers Alvarion Ltd. of Israel and ZTE Corp. of China as network infrastructure suppliers to support its launch of 4G WiMAX service in Spain next year. After 4 years, Delphi emerges from Chapter 11 as new companyNEW YORK — Auto supplier Delphi says it’s emerging from bankruptcy protection nearly four years to the day it filed for Chapter 11. Awaiting pay czar’s rules, largest bailout recipients rework compensation for top earnersWASHINGTON — Several firms that received large taxpayer bailouts have adjusted executive compensation to trim cash payouts before the Obama administration’s pay czar issues new rules. Some fear those rules will go too far, preventing them from attracting the talent they need to remain competitive. Dow jumps 132 points as hopes grow for strengthening in corporate profits, global economyNEW YORK — The stock market got a big lift from a faraway place: Australia. Strong business in China boosts 3rd-qtr profit 18 pct at KFC owner Yum Brands to $334 millionLOUISVILLE, Ky. — A robust performance in China helped chain-restaurant operator Yum Brands Inc. post 18 percent growth in its third-quarter profit, easily beating Wall Street forecasts. |
Topics
Poll Loading ...Latest TweetsCorporate News
Latest Friend FeedsCorporate News
|
