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Orders to U.S. factories fell in August by the largest amount on record, but the drop was heavily weighed by an expected plunge in volatile aircraft orders.
U.S. stocks fell for a fourth straight day Thursday, adding to big losses the day before, as energy companies dragged down the broader market. Investors also worked through a report that showed fewer Americans applied for unemployment benefits.
Sales at Olive Garden locations open at least a year rose slightly in fiscal September, and its parent company —Darden Restaurants Inc. — now foresees second-quarter adjusted earnings at the upper end of its prior forecast.
European Central Bank head Mario Draghi underlined the bank’s willingness to ramp up its stimulus efforts with large-scale bond purchases if needed — but otherwise offered no new economic help at the bank’s meeting Thursday.
Mobile game developer Rovio Entertainment Ltd. says it plans to cut some 16 percent of its workforce amid signs that its Angry Birds game is losing some of its luster.
The United Center’s 300 employees need more office space, so a new office building may go up in the eastern portion of the stadium’s parking lot, a spokesman said Wednesday.
It was a rough start to October for financial markets Wednesday, with the Dow Jones industrial average dropping more than 200 points as investors reacted to a round of negative economic news in the U.S. and abroad.
Big discounts on pickup trucks kept U.S. auto sales strong in September. General Motors Co. and Chrysler Group led the industry with 19-percent sales increases over last September. Ford’s sales dropped 3 percent.
Tesco, one of the world’s largest food retailers, says U.K. authorities are conducting a full investigation after its half-year profit was overstated by $407 million.
General Mills plans to cut between 700 and 800 jobs, the second time it’s trimmed its work force in a month, as the food company adjusts for a shift by U.S. consumers away from boxed or frozen meals.
Ireland appears to be granting Apple illegal tax rebates that may have to be recouped, the European Union’s competition watchdog said Tuesday as it pressed on with an inquiry into the iPhone maker’s overseas tax practices.
Walgreen booked a $239 million loss in its fiscal fourth quarter after swallowing a huge accounting charge from its Alliance Boots acquisition, but the drugstore chain’s results still met Wall Street expectations.
Ford shares tumbled Monday after the automaker said it will fall short of its full-year profit goals.
Toyota says it is recalling 690,000 Tacoma pickup trucks because the rear leaf springs could break, puncture the gas tank and cause a fire.
Honeywell International Inc. said Monday that it is partnering with Tata Power to help make navigation systems for India’s military.