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US Business
Updated: 1 min 7 sec ago

IBM Pulls Profit Goal, Sees Slowdown in Client Spending

1 min 52 sec ago
IBM missed its third quarter profit estimate and acknowledged it won’t meet a goal of achieving earnings of at least $20 a share next year, a target it stood by for five years, amid slowdowns in its hardware and services businesses.
Categories: Business

Walgreen Says Ex-CFO Was Responsible for Financial Forecast

9 min 31 sec ago
Walgreen challenged the version of events presented by its former Chief Financial Officer Wade Miquelon in a defamation lawsuit, saying that the former executive was responsible for the disappointing financial forecast that preceded his departure.
Categories: Business

Amazon, Simon & Schuster Reach Book Contract

9 min 51 sec ago
Amazon and CBS Corp.’s Simon & Schuster have reached a new multiyear print and digital contract, a pact that comes as the online retailer continues difficult negotiations with Hachette Book Group.
Categories: Business

IPhone 6 Recharges Apple's Growth

15 min 48 sec ago
Apple said its quarterly profit rose 13%, and it predicted record holiday sales, as strong demand for its new larger-screen iPhones helped to overcome sluggish iPad sales.
Categories: Business

Sears Seeks New Cash Via Two Paths

21 min 24 sec ago
Sears is again turning to billionaire CEO Edward Lampert for funds, as the struggling retailer shores up its balance sheet ahead of the holiday season and seeks to reassure vendors worried about its health.
Categories: Business

Adidas CEO Faced With Choice on Reebok

25 min 29 sec ago
Adidas CEO Herbert Hainer needs to decide if it’s better to welcome an unsolicited bid for the Reebok unit and cash out now on a nascent recovery in the brand or double down on a more pronounced rebound.
Categories: Business

Canadian Pacific, CSX End Talks

31 min 26 sec ago
Canadian Pacific said it ended merger talks with CSX but warned that problems plaguing the industry will only worsen if railroads don’t take action immediately.
Categories: Business

Toyota Recalling 247,000 Vehicles for Air Bags

49 min 45 sec ago
Toyota Motor recalled another 247,000 vehicles that have an air bag that can rupture and send shrapnel into the passenger compartment, bringing the number of affected vehicles from six auto makers to 2.4 million vehicles.
Categories: Business

Twitter to Offer New Tools for App Developers

52 min 1 sec ago
Twitter, at its first developer conference in four years, is expected to announce on Wednesday a suite of tools to make it easier for programmers to build apps, according to people familiar with the matter.
Categories: Business

Andreessen to Leave eBay Board

59 min 17 sec ago
Marc Andreessen is stepping down from eBay’s board. The venture capitalist’s various board seats had been criticized by eBay investor Carl Icahn.
Categories: Business

Apple Pay Is Here, With Limits

1 hour 1 min ago
Apple began its bold undertaking to add a wallet to its iPhones. Participants include McDonald’s, Whole Foods and Walgreen. Yet the service won’t be ubiquitous overnight.
Categories: Business

AbbVie, Shire Terminate Deal

1 hour 20 min ago
AbbVie and Shire terminated their $54 billion deal, killing the year’s biggest agreed-upon merger amid a U.S. government push against so-called inversion deals.
Categories: Business

Japanese Electronics Get Lift From China

2 hours 14 min ago
China’s smartphone boom is being fueled by Japanese parts makers, a rare bright spot in Japan’s gloomy electronics industry.
Categories: Business

UPS Plans 4.9% Average Price Increase

2 hours 26 min ago
UPS is planning to increase freight rates by an average of 4.9% a package after the holiday season, in the U.S., Canada and Puerto Rico, the company said Monday.
Categories: Business

Facebook Sues Lawyers for Allegedly Contributing to Fraud

2 hours 31 min ago
Facebook and Chief Executive Mark Zuckerberg filed suit against several attorneys Monday, claiming they helped perpetuate a fraud against the social network and its founder.
Categories: Business

Texas Instruments Forecast Tops Views

2 hours 56 min ago
Texas Instruments Inc. projected fourth-quarter profit that topped Wall Street’s estimates as the chipmaker also reported that its third-quarter earnings rose 31% thanks to stronger sales and margins.
Categories: Business

Weak Europe Earnings Underline Outlook

3 hours 5 min ago
European companies’ business weakened in recent months, with the latest quarter’s first major earnings releases offering a grim outlook for the Continent’s economy.
Categories: Business

Halliburton's Earnings Rise 70%

3 hours 29 min ago
Halliburton Co. said its board has approved a 20% increase to its quarterly dividend, while also reporting a 16% jump in revenue during the third quarter.
Categories: Business

Chipotle Sees Sales Growth Slowing

3 hours 39 min ago
Chipotle warned its sales growth next year may slow from the robust gains reported in recent periods, even as the burrito chain posted stronger-than-expected earnings and revenue for its third quarter.
Categories: Business

Valeant Pushes Business Strength

3 hours 52 min ago
Valeant Pharmaceuticals, facing an important junction in its six-month effort to take over Botox-maker Allergan, said its third-quarter results refute Allergan’s attacks on its business model.
Categories: Business