Business

Tiffany Dragged by Large Charge

Tiffany reports a loss in its fiscal fourth quarter, with earnings dragged down by a hefty charge tied to an unfavorable arbitration ruling.


Symantec Fires its CEO Steve Bennett

Security software maker Symantec fired its CEO on Thursday, the second CEO its replaced in the past two years.


Most Big U.S. Banks Pass Fed's Stress Tests

Of the biggest banks in the U.S., 29 out of 30 are better able to weather a severe U.S. recession and global downturn than at any time since the financial crisis, the Federal Reserve has determined.


Philly Fed Index Hits 2-Month High in March

Manufacturing in the mid-Atlantic region expanded more quickly than expected in March, easing concerns over the U.S. economic outlook, official data showed on Thursday.


ConAgra Q3 Income Nearly Doubles

ConAgra's fiscal third-quarter net income nearly doubled as it continues to reap benefits from its acquisition of Ralcorp.


Johnson & Johnson Suit Tossed in Arkansas

The Arkansas Supreme Court on Thursday overturned a $1.2 billion judgment against Johnson & Johnson in a suit over the company's marketing of the antipsychotic drug Risperdal.


How Comcast Time Warner Deal Could Affect Users

Frazier Moore, AP's television critic, takes a look at how Comcast's pending absorption of Time Warner Cable is likely to affect cost, service, innovation and Net neutrality.


Gold Loses Luster on Fed News

Gold prices extended sharp losses after Federal Reserve Chair Janet Yellen suggested interest rate hikes could happen sooner than expected.


Con Ed Pays Compensation After NYC Blast

Con Edison has paid compensation to 87 survivors and residents displaced by the fatal explosion last week in New York City.


U.S. Existing-Home Sales Slip to 19-Month Low

Sales of existing homes in the U.S. slipped in February to the lowest level since July 2012 as severe winter weather, rising prices and tight supply discouraged buyers.


30-year Mortgage Average Dips to 4.32 Percent in U.S.

Average U.S. rates on fixed mortgages declined last week, edging closer to historically low levels.


Fed Continues Taper, Drops Unemployment Target

The Federal Reserve on Wednesday trimmed another $10 billion from its monthly asset-purchase program, and dropped its 6.5 percent unemployment target in favor of a broader range of indicators.


Stocks Mixed as Investors Await Fed Report

Stocks were mixed in Wednesday morning trading as investors waited for the results of the Federal Reserve's first policy meeting under its new chair, Janet Yellen.


General Mills Profits Down on Weak Sales

General Mills on Wednesday posted net earnings of $410.6 million for its third quarter ending Feb. 24.


FedEx Disappoints Despite Profits

FedEx's profit rose 5 percent from a year ago despite storms that raised the company's costs, but its results didn't meet analysts' expectations.


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