Our Great City
Updated: 6 hours 17 min ago
A decision by Congress to extend the Export-Import Bank only temporarily is raising concern among business owners who say they rely on the credit agency to lower the risks of exporting.
3M Co. reported a 5.9% rise in third-quarter profit, spurred by strong sales of respiratory face masks and materials used in making cars and electronic gadgets.
A new study of top e-commerce sites found the practice of personalizing prices for the same goods, or pushing some people toward higher-priced offers, is more widespread than previously understood.
Coca-Cola is replacing its chief marketing officer with a veteran company insider, the latest bid by the world’s largest beverage maker to revive flagging sales.
Procter & Gamble shook up its senior management ranks, naming new leaders for key businesses and narrowing the field of potential successors to CEO A.G. Lafley.
PulteGroup said the improving economy and higher average selling prices help drive third-quarter results that were in line with Wall Street expectations.
Brazilian firms Cutrale-Safra raised their bid for Chiquita by an additional 4% as the banana seller’s shareholders prepare to vote Friday on its proposed tie-up with Irish food company Fyffes.
Tesco said Chairman Richard Broadbent would step down as it revealed the accounting practices that led to an overstatement of its profit had occurred in prior periods as well.
Retailers including Amazon, Best Buy and Gap are boosting the amount online shoppers must spend to qualify for free shipping, hoping to cover the growing cost of providing the perk.
General Motors reported a 14% drop in its third-quarter profit but beat analyst expectations as strength in North America offset weaker results in other regions of the world.
Dunkin’ Brands, parent of Dunkin’ Donuts and Baskin-Robbins, said third-quarter sales rose, but the restaurant chain operator warned that it may have trouble reaching its sales targets for the year.
Honda said top executives would take pay cuts to show they felt responsibility for recalls and quality problems, and the company created a new post to oversee safety changes.
Comcast’s third-quarter profit rose 50%, as the cable giant benefited from a one-time income-tax adjustment and a boost in earnings at its NBCUniversal entertainment arm.
Blue-chip companies are posting poor growth as their once-reliable formulas for success left them too big to switch tack quickly when market conditions changed.
Unilever warned of a challenging outlook and struck a gloomy tone after reporting worsening sales, raising fears of a broad economic slowdown across emerging markets.
Caterpillar posted stronger-than-expected results for its third quarter as the heavy-machinery maker said restructuring and cost controls paid off in a tough economic environment.
Several U.S. airlines posted stronger third-quarter profits and expressed bullish sentiments for the fourth quarter, based on falling fuel prices, strong holiday bookings, domestic capacity discipline and a slight easing of Ebola jitters.
Apple plans to increase the number of its Apple-brand retail stores in Greater China to 40 from 15 within two years, CEO Tim Cook told local media.
Eli Lilly said its sales and profit fell in the most recent period, reflecting patent expirations and generic competition.