Business

Health-care Deal Aids Port Contract Talks

Negotiators hoping to keep hundreds of billions of dollars in cargo moving smoothly through West Coast seaports made significant progress with a tentative deal on health care benefits.


Guess Guesses Wrong on Earnings Forcast

Shares of Guess Inc. dropped on Wednesday after the jeans wear company reported a 45 percent decline in second-quarter earnings and released a disappointing profit outlook.


FBI Probes JPMorgan Hack

The FBI is investigating a cyber attack on JPMorgan Chase and at least one other bank, according to reports.


Crumbs Bake Shop Gets OK for Sale

A federal bankruptcy court has approved the sale of cupcake chain Crumbs to a group that includes investor and reality TV star Marcus Lemonis.


No-frills Ryanair Debuts Flexible Business Class

Ryanair, Europe's largest budget airline, has launched a flexible business-class ticket in its latest move away from its no-frills tradition.


Chiquita Asks Shareholders to Vote on Merger

Chiquita outlined cost savings from its proposed merger with the Irish fruit company Fyffes as it asks shareholders to approve the deal, two weeks after it rejected a takeover bid out of Brazil.


Smith & Wesson Misses Target

The stocks of gun makers are seeing prices tank after hours Tuesday as Smith & Wesson reported inline earnings but gave guidance that was very concerning.


American, US Airways will stop listing on Orbitz

American Airlines and US Airways are pulling flight listings from Orbitz after they were unable to reach agreement on a long-term contract.


Turning Broadcasting Offers Buyouts to Older Workers

The corporate parent of CNN, TNT and TBS on Tuesday offered voluntary buyouts to 600 veteran employees, part of an overall cost-cutting effort at the Atlanta broadcasting company.


Best Buy Profit up, Revenue Down

Best Buy Co.'s second-quarter profit was higher than expected, but its sales fell short for the second half of the retailer's fiscal year.


Tim Hortons Deal Confirmed by Burger King

Burger King Worldwide agreed Tuesday to acquire Canadian coffee-and-doughnut chain Tim Hortons for approximately $11.4 billion, creating the world's third-largest fast-food company by sales.


IKEA Megastore Coming to Miami

IKEA Miami will open its doors Wednesday in Sweetwater, the Swedish home furnishings retailer's largest store on the East Coast and its second-largest nationwide.


S&P 500 Sets Record Closing High

The S&P 500 rose above 2,000 for the first time on Monday as U.S. stocks rode a wave of merger news to yet another strong session on Wall Street.


Burger King Shares Soar on Merger Talks

Shares in Burger King and Tim Horton's jumped in pre-market trading in New York on news the two companies are talking about a friendly merger that would shave BKW's tax bill.


Ann Taylor Pressured to Sell

A big shareholder in the Ann Taylor chain sees the parent company as ripe for private equity and aggressive cost cuts.


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