Lear Nears Deal to Buy Eagle Ottawa

Wall Street Journal - Tue, 08/19/2014 - 2:58pm
Lear Corp. is nearing a deal to acquire Eagle Ottawa LLC, the world's largest supplier of premium automotive leather, for more than $800 million, according to people familiar with the matter.
Categories: Business

U.K. Inflation Cools in July

Wall Street Journal - Tue, 08/19/2014 - 2:20pm
Inflation in the U.K. cooled more than expected in July, easing pressure on the Bank of England to raise interest rates before next year.
Categories: Business

Grupo Mexico Faces Charges Over Acid Spill

Wall Street Journal - Tue, 08/19/2014 - 2:19pm
Mexican environmental authorities are pressing charges against mining company Grupo Mexico over an acid spill in northwestern Sonora state that contaminated two rivers and left thousands of people without drinking water.
Categories: Business

Freedom Industries Files Creditor-Payment Plan

Wall Street Journal - Tue, 08/19/2014 - 12:52pm
Freedom Industries Inc., the company behind a chemical spill in West Virginia, filed a creditor-payment plan that aims to start resolving the claims brought by those affected.
Categories: Business

GameStop CEO Treated for Cancer

Wall Street Journal - Tue, 08/19/2014 - 12:18pm
GameStop said its chief executive, Paul Raines, had a cancerous tumor removed from his brain last week and the company's executive team would help oversee operations while he recovers.
Categories: Business

Pimco Hires Equities Specialists

Wall Street Journal - Tue, 08/19/2014 - 11:36am
Pimco made a clutch of new hires to its global equities team, the first senior recruits by the firm's global head of equities, Virginie Maisonneuve.
Categories: Business

Former Coke Executive Named CEO of NBTY

Wall Street Journal - Tue, 08/19/2014 - 10:42am
Vitamin and nutritional supplement maker NBTY Inc. said Tuesday it has hired former top Coca-Cola Co. executive Steven Cahillane to become its chief executive officer.
Categories: Business

Medtronic Reaffirms Covidien Bid

Wall Street Journal - Tue, 08/19/2014 - 10:06am
Medtronic posted first-quarter results that topped analyst expectations, while remaining "fully committed" in its bid to buy Covidien and being domiciled in Ireland.
Categories: Business

Elizabeth Arden's Loss Widens

Wall Street Journal - Tue, 08/19/2014 - 9:50am
Elizabeth Arden said its loss widened sharply as a large drop in celebrity-fragrance sales pushed down revenue. The beauty-products company also said funds affiliated with Rhône Capital have agreed to purchase $50 million of the company's preferred stock.
Categories: Business

Trio of Fortescue Directors to Retire

Wall Street Journal - Tue, 08/19/2014 - 9:46am
Fortescue Metals said its deputy chairman and one of its founding directors will retire later this year.
Categories: Business

Hospira Sues FDA Over Generic Precedex

Wall Street Journal - Tue, 08/19/2014 - 9:26am
Hospira said it filed a lawsuit against the Food and Drug Administration to challenge a decision by the agency that made way for the approval of generic Precedex products.
Categories: Business

High-Lead Baby Food is Recalled in China

Wall Street Journal - Tue, 08/19/2014 - 9:16am
H.J. Heinz recalled some infant food in China after regulators there found excessive levels of lead impacting more than 1,400 boxes.
Categories: Business

Aéropostale Names New CEO

Wall Street Journal - Tue, 08/19/2014 - 8:49am
Aéropostale announced a management shake-up and projected a narrower loss for the second quarter. The teen retailer said Chief Executive Thomas Johnson would step down as CEO and Julian R. Geiger has rejoined the company as chief executive.
Categories: Business

Crumbs Baker Picking up the Pieces

Wall Street Journal - Tue, 08/19/2014 - 8:42am
Emanuel Darmanin's sweets-filled days have soured lately as he and his family-run business, Melita Bakery, grapple with the fallout of the sudden closure of Crumbs cupcake bakery.
Categories: Business

Bidding War Breaks Out to Dominate Dollar Stores

Wall Street Journal - Tue, 08/19/2014 - 8:42am
Dollar General said it offered about $9 billion to buy rival Family Dollar Stores, topping the offer made by Dollar Tree three weeks ago.
Categories: Business

Ping An Insurance Profit Rises

Wall Street Journal - Tue, 08/19/2014 - 6:53am
Ping An Insurance said first-half net profit rose 19% from a year earlier, aided by growth in premium income and higher profit from its banking operations.
Categories: Business

Open-Carry Fight to Hit Supermarkets

Wall Street Journal - Tue, 08/19/2014 - 5:15am
One of Michael Bloomberg's gun-control groups will begin pressuring Kroger, the nation's largest supermarket operator, to dissuade individuals from openly carrying weapons in its stores.
Categories: Business

Brilliance China 1H Profit Rises

Wall Street Journal - Tue, 08/19/2014 - 4:37am
Brilliance China Automotive Holdings Ltd. said unaudited net profit rose 79% to 3.63 billion yuan ($590 million) in the first six months of the year.
Categories: Business

Imperial U.S. Brands Deal on Track

Wall Street Journal - Tue, 08/19/2014 - 4:20am
Imperial Tobacco Group reported a small decline in nine-month revenue and said it was on course to complete its acquisition of a pack of U.S. cigarette brands from Reynolds American and Lorillard.
Categories: Business

SoftBank Girds for U.S. Cellphone Market

Wall Street Journal - Tue, 08/19/2014 - 2:05am
SoftBank of Japan gave a glimpse of its plans to tackle the U.S. cellphone market, unveiling a deal to develop low-cost smartphones for its Sprint unit.
Categories: Business
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