Business

Raytheon to Collect $373 Million From U.K.

Britain's government says it will pay some $373 million to defense firm Raytheon Systems for ending its eBorders contract.


Dollar General Outbids Dollar Tree for Family Dollar

Dollar General made an $8.9 billion offer to acquire Family Dollar stores, wading into a bidding war with Dollar Tree for the discount chain.


PriceWaterhouseCoopers Fined $25 Million

PriceWaterhouseCoopers will pay $25 million and face a two-year suspension from consulting for new bank clients following an investigation that showed the company improperly altered a report about Bank of Tokyo Mitsubishi laundering money.


Dollar General Starts Bidding War Over Family Dollar

Dollar General is offering about $9.7 billion for Family Dollar in an effort to trump Dollar Tree's bid.


McDonald's Tries to Junk Its Poor Food Image

The problem is that some simply people don't consider McDonald's a place to get high quality food, in part because the prices are so low.


IPO May Be on the Menu for Habit Burger

With nearly 100 restaurants, Irvine-based Habit Restaurants is expanding outside its core Southern California base and considering a possible IPO, according to media reports.


Bourbon Production at Highest Point Since 1970s

In a business where patience is part of the process, Kentucky bourbon makers are making a big bet by stashing away their largest stockpiles in more than a generation.


Restaurants Testing Pay-in-Advance Tickets

With restaurant patrons increasingly jumping on the Internet to make reservations, some high-end eateries here and across the country are adding a new tech wrinkle: having their clientele pay for their meal in advance using an online ticketing system similar to what's used for sporting events and concerts.


Al Gore Sues Al Jazeera for Current TV Money

Former Vice President Al Gore is suing Al Jazeera America, saying the news network is withholding tens of millions of dollars it owes for buying Current TV from him and other shareholders.


Achillion Gets Shot in Arm From Hepatitis C Drug Study

Achillion Pharmaceuticals climbed in premarket trading Friday after the company reported promising results from a small clinical trial of an experimental hepatitis C drug.


Deere Laying Off 600 Workers

Deere & Co. is cutting 600 workers at agricultural equipment factories, as well as imposing temporary layoffs at the affected locations.


SuperValu Hacked, Customer Data May Be Compromised

Supervalu is investigating a potential data breach that may have affected more than 180 stores across the U.S.


J.C. Penney Posts Upbeat Earnings

J.C. Penney sees its turnaround gaining momentum after the troubled department store chain posted second-quarter results that exceeded Wall Street estimates.


Monster Beverage Sells 17 Percent Share to Coca-Cola for $2.15 Billion

Coca-Cola bought a 17 percent stake in energy drink maker Monster Beverage for $2.15 billion Thursday in an attempt to boost its sagging sales.


Icahn Ups Stake in Gannett, Favors Split

Gannett Co. announced plans to split off its print division before activist investor Carl Icahn could start pushing the media company in that direction, according to a regulatory filing.


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