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Starbucks is reporting that its profit dropped 69 percent in its fiscal first quarter and it plans to close more stores and cut more jobs. ...more
January 28, 2009
General Motors is edging closer to running out of money, as slumping sales and deteriorating economic conditions drove the automaker to a larger-than-expected loss of $4.2 billion in the third quarter, excluding a one-time gain. ...more
November 8, 2008
Freddie Mac talked to investors this week about possibly buying its stock to raise much-needed capital but billionaire investor Warren Buffett said he passed on an opportunity to help the troubled mortgage giant. ...more
August 23, 2008
Oil giants Chevron Corp. and Total SA wrapped up a string of gargantuan, record-breaking earnings reports Friday, a stretch in which six of the major international oil companies topped $50 billion in combined profit for the first time. ...more
August 2, 2008
Just for a minute let's set aside all the bad things plaguing the financial world. Even in these gloomy times, there's some good news worth checking out. ...more
July 31, 2008
Dow Chemical Co. will raise its prices by up to 20 percent almost immediately to offset the soaring cost of energy, and the chief executive officer of the chemical giant lashed out at Washington on Wednesday for failing to develop a sound energy policy. ...more
May 29, 2008
Clearwater-based computer distributor Tech Data Corp. completed a deal that adds to its operations in Europe through a new acquisition. ...more
May 20, 2008
Sears Holdings Corp. stumbled to its worst performance yet under Edward Lampert, earning just $2 million in a dismal third quarter that heightened questions about his strategy and Sears' future as a retailer, and prompted a huge sell-off in its stock Thursday. ...more
November 30, 2007
When a buyout shop chooses to pay $100 million just to walk away from a committed deal, that tells you how deep today's financial crisis is running. ...more
November 24, 2007
Target Corp., Limited Brands and Dillard's reported quarterly earnings that trailed analysts' estimates after rising mortgage payments and gasoline prices crimped consumer purchases. ...more
November 21, 2007
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