More Stock/Fund Data
Stocks edged mostly lower Wednesday, breaking a six-day winning streak, as investors reacted to another round of quarterly earnings reports from U.S. companies.
Procter & Gamble Co.’s fiscal third-quarter net income rose 2 percent as it cut costs to offset sluggish sales in categories like beauty and family products.
Toyota Motor Corp. kept its position at the top in global vehicle sales for the first quarter of this year, outpacing rivals General Motors and Volkswagen. Toyota said Wednesday it sold a record 2.583 million vehicles.
Corporate deals and some solid earnings reports propelled the stock market to its sixth straight gain Tuesday. Stocks are rebounding from a slump earlier this month when investors dumped high-flying biotechnology and Internet stocks.
Swiss pharmaceutical giant Novartis AG announced a series of multibillion-dollar deals Tuesday with other major pharmaceutical companies that it said would reduce sales but boost profitability, while affecting some 15,000 of its employees globally.
Valeant Pharmaceuticals and activist investor Bill Ackman have unveiled details of their offer to buy Botox maker Allergan, proposing a cash-and-stock deal that could be worth about $45 billion.
Comcast Corp. said Tuesday its first-quarter net income rose by 30 percent as ad revenue surged at broadcast network NBC, helped by the Winter Olympics in Sochi and Jimmy Fallon’s elevation as host of “The Tonight Show.”
General Motors Co. has filed suit in a U.S. bankruptcy court asking a judge to protect the company from legal claims for actions that took place before it emerged from bankruptcy in 2009.
Harley-Davidson’s first-quarter earnings rose 18.7 percent as motorcycle sales grew worldwide and efficiency efforts took hold. The Milwaukee company says global sales of new motorcycles grew 5.8 percent in the quarter as buyers responded to its new models.
General Mills is scrapping a controversial plan to strip consumers of their right to sue the food company.
Hasbro returned to profitability in its first quarter, driven by sales of girls’ toys such as My Little Pony and Nerf Rebelle. The prior-year results were dragged down by restructuring charges.
The United Auto Workers announced Monday it is withdrawing its appeal of the outcome of a union vote at Volkswagen’s assembly plant in Tennessee.
NEW YORK — Kraft Foods is recalling 96,000 pounds of its Oscar Mayer wieners because they may mistakenly contain cheese. The U.S. Department of Agriculture’s Food Safety and Inspection Service said Sunday that Kraft’s “Oscar Mayer Classic Wieners” may instead contain the company’s “Classic Cheese …
General Motors waited years to recall nearly 335,000 Saturn Ions for power steering failures despite getting thousands of consumer complaints and more than 30,000 warranty repair claims, according to government documents released Saturday.
The Belgian beer federation is trying to rekindle local interest in the drink with a “Proud of our Beers” public awareness campaign, including a tricolor national flag with the middle yellow turned into a glass of beer. “Belgian beer made in Belgium but not drunk in Belgium is not really Belgian beer anymore,” brewery owner Gert Christiaens said.