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Procter & Gamble plans to remove its batteries and make Duracell a stand-alone company. The world’s largest consumer products maker, which acquired Duracell in 2005, has been trimming its product lineup to focus on its top performers. After it finishes jettisoning more than half its …Read More
Ford’s new aluminum-sided F-150 will be a lot lighter and more efficient when it goes on sale later this year. But for now it’s a serious drag on profits. Net income dropped 34 percent to $835 million in the third quarter, largely due to the …Read More
Chiquita shareholders have rejected plans to merge with Irish fruit importer Fyffes that would have made the world’s largest banana supplier. Chiquita Brands International Inc. said Friday that the shareholders didn’t approve a revised transaction agreement between the two companies during a special shareholders meeting. …Read More
A combination of strong company earnings and encouraging economic reports, both in the U.S. and Europe, gave the stock market another day of solid gains on Thursday.
United Airlines appears to be hitting its stride after struggling to make a 2010 merger pay off. The airline’s formula is lower fuel prices and more revenue for every mile that passengers fly.
More passengers and lower fuel prices are pushing Southwest Airlines to record profits, and the airline expects an even bigger break at the gas pump this winter.
Caterpillar’s belt-tightening paid off in the third quarter as the manufacturer easily beat Wall Street expectations and raised its outlook for the year.
Big profits from rising SUV and truck sales in North America helped General Motors nearly double its third-quarter net profit and more than offset its struggles in Europe and South America.
Summer vacations were good for American Airlines. With passengers paying a record amount for every mile and most seats filled, American earned an all-time best $942 million in the June-through-September third quarter.
About 300 workers have ended their two-week strike at a Schneider Electric plant in northern Indiana after approving a new contract.
Robust demand for commercial jets and an increased pace of production helped Boeing earn $1.36 billion in the third quarter, up 18 percent from the same period last year.
U.S. consumer prices edged up slightly in September, with the overall increase held back by a third straight monthly decline in gasoline prices.
McDonald’s CEO Don Thompson said Tuesday the company hasn’t been keeping up with the times and that changes are in store for its U.S. restaurants.
Staples is looking into a potential credit card data breach and has been in touch with law enforcement officials about the issue.
Verizon Communications Inc. on Tuesday reported earnings of $3.7 billion in its third quarter.