Business

Germany, Japan, U.S. Markets Are Fixer-Uppers for McDonald's

McDonald's Corp. admits its efforts to fix things in Germany and Japan will take time and that it needs to pay better attention to what customers want, two company executives said on Friday.


GM to Pay $35M Fine for Slow Recall Actions

Three months after announcing the start of a safety recall that has swelled to include 2.6 million cars, General Motors has agreed to pay the federal government $35 million -- the maximum penalty -- for failing to report the potentially deadly defect earlier.


Gloom Settles on Wall Street as Stocks Stall

Employers are hiring at their fastest pace in years, the economy is expected to expand by 3.5 percent this quarter and corporate earnings have hit a record. But you wouldn't know it from the way investors are acting.


Ex-SAC Manager Gets 3-1/2 Years for Insider Trading

Michael Steinberg, a former portfolio manager for one of the nation's largest hedge funds, has been sentenced to prison for insider trading.


Chesapeake Energy Sputters on Spinoff Plans

Chesapeake Energy is following through on a plan to spin off its oilfield services business as part of a move to streamline its operation, sending shares down in Friday morning trading.


Darden to Sell Red Lobster for $2.1 Billion

Darden Restaurants says it will sell its Red Lobster seafood chain to Golden Gate Capital in a cash deal.


J.C. Penney Sees Sales Improve

J.C. Penney said a key sales figure rose in its first quarter, offering encouragement for the beleaguered department store operator.


Kindred Takes Gentiva Offer to Shareholders

Kindred Healthcare went hostile with a $533 million bid for Gentiva Health Services, spiking Gentiva shares by more than 60 percent before Thursday's opening bell.


Bristol-Myers Slumps on Nivolumab Data

Shares of Bristol-Myers Squibb slumped Thursday after it announced disappointing clinical trial data for experimental cancer drug nivolumab.


Fast Food Workers Strike for Better Pay

Fast-food workers are walking off their jobs in protest planned for 150 American cities, in a demonstration that may spread to other countries.


Cisco's 3Q Net Income, Sales Surpass Estimates

Cisco said Wednesday its net income and revenue slipped in its fiscal third quarter, but the results topped Wall Street expectations and its shares rose in aftermarket trading.


Citigroup Fires 11 in Banamex Scandal

Citigroup's Mexican bank subsidiary Grupo Financiero Banamex said Wednesday it has fired 11 employees for not following proper procedures in dealing with a Mexican oil services company that allegedly defrauded the parent company of up to $400 million.


Inside Why AT&T Wants DirecTV

Why is AT&T willing to pay so much for DirecTV? The answer is simple -- increased revenues from customers.


Macy's Heats Up on April Optimism

Macy's saw an improvement in business after warmer weather boosted demand for shorts and T-shirts, though the rise came too late to help the department store chain's first-quarter sales.


Sears Canada May Be on the Auction Block

Sears Holdings is considering selling its 51 percent interest in Sears Canada.


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