Business

Probes Center on BofA-Merrill Lynch Maneuvers During Crisis

Two high-level probes involving Bank of America Corp. have highlighted some of the financial sector's backroom maneuvers during last year's financial crisis, according to new reports this week.


Postal Service Lost $3.8 Billion Last Year

The U.S. Postal Service Monday reported a net loss of $3.8 billion during the fiscal year that ended in September, as mail volume fell more than 12 percent.


TJX Earnings In-line with Guidance

TJX Companies Inc. (NYSE: TJX) said it expects fourth quarter earnings of $0.65 to $0.71 per share. The current consensus earnings estimate is $0.71 per share for the quarter ending January 31, 2010.


GMAC CEO Al de Molina Resigns: Carpenter Named CEO

Al de Molina, the Charlotte-based chief executive of GMAC Financial Services, resigned Monday, jolting a company that had been expanding operations in his home city.


China, U.S. Firm Sign Deal for World's Largest Solar Plant

U.S. firm First Solar Inc said it signed a framework agreement with the Chinese government Tuesday to build what could become the world's largest solar power plant in China's Inner Mongolia region.


Home Depot (HD) Revises Earnings Guidance Higher

Home Depot Inc. (NYSE: HD) said it now expects fiscal year earnings of approximately $1.55 per share.


New Mexico's Top 20 Hispanic-owned Companies

The Hispanic Business 500 has served as a barometer of the U.S. Hispanic economy for more than 25 years. We believe that applying our criteria on a statewide level can yield interesting results for our readers. Here, we take a closer look at the HB 500 companies in New Mexico.


Baby Boomers Winning in Job market Over Younger Workers

New data shows that older workers are staying on the job longer causing younger job seekers to be squeezed out of the job market.


McDonald's Coffee Plan & Dollar Breakfast Menu Going Full-Steam Ahead

McDonald's big new beverage blitz -- espresso-based coffee drinks, smoothies and frappes -- is on track in test markets to exceed its sales goals, the head of McDonald's U.S. operations told stock analysts Thursday.


How Many Jobs Do Small Employers Create?

To determine the share of employment small businesses account for in the U.S., I've always used data from the Office of Advocacy of the Small Business Administration which provides data produced by the U.S. Census on small business employment. But recently I began looking at data from payroll provider Automatic Data Processing (ADP), which uses payroll data to track U.S. employment. ADP's data shows that the share of U.S. employment in businesses with less than 500 employees is more than 30 percentage points higher.


Innovation is Key to Staying Alive in Business

Have you ever thought about how banking has evolved over the past 20 years? Maintaining relevance is essential in every industry.


Why the Boss Needs to Pay Herself More

Mrs. Nguyen, a garment factory owner, is covering all her costs, yet paying herself what is barely a living wage -- just $25,000 a year. Why?


Lowe's Earnings Fall Nearly 30 Percent

Lowe's (NYSE: LOW) earnings dropped 29.5 percent in the company's third quarter as recession-weary shoppers continued to avoid major spending on their homes.


Wall Street Rises as Retail Sales Climb

Wall Street saw a higher opening Monday, after the U.S. government reported retail sales rebounded in October, topping estimates.


GM Posts $1.2B Q3 Loss, Beating Expectations

US automotive giant General Motors Co reported Monday it lost 1.2 billion dollars in the third quarter of 2009, beating analysts' expectations and saying the company now had a "solid foundation" for its restructuring effort.


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