Business

Deere Bogs Down as Ag Sector Weakens

Deere's CEO said the company will be scaling back for the remainder of the year to bring production in line with demand as the farm economy goes soft.


WellPoint Changing Name to Anthem

WellPoint said the Anthem name it used previously is the best brand to go by in a consumer-focused market.


Macy's Posts Profit, Cuts Outlook

Macy's Inc. on Wednesday reported a 4 percent profit increase in its fiscal second quarter as business rebounded from slow sales earlier in the year, but shares tumbled in pre-market trading.


Constellation Buys Casa Noble Tequila

Constellation, a New York state wine and liquor company, is buying Casa Noble tequila as it looks to tap growing demand for the Mexican tipple.


Oil Prices Drop on IEA Report

Crude prices fell Tuesday following a bearish report from the International Energy Agency as well as perceptions that Iraqi oil exports will flow as normal despite the Islamic State insurgency.


Tiptree Buying Fortegra for $10 a Share

Tiptree Financial Inc. is buying insurance services company Fortegra Financial Corp. for about $218 million.


Payday Lenders Face Criminal Usury Charges

Payday lenders in Chattanooga, Tenn., will face criminal usury charges in New York after an investigation concluded that the trio had created a syndicate of shell companies designed to market, make and collect payday loans considered illegal in many states.


Brent Oil Futures Sink to 9-month Low

Brent oil futures sank to a nine-month low on Tuesday, as global supplies were seen as ample despite ongoing violence in Ukraine and Iraq.


Revel Atlantic City Goes Bust

The embattled and forever-troubled Revel Casino Hotel will close by Sept. 10, putting some 3,200 employees out of work.


Hertz Holds Off on Filing Q2 Results

Hertz is delaying filing its second-quarter financial results because of its ongoing review of accounting errors from the last three years.


Barneys to Pay $525,000 in Racial Profiling Case

Barneys New York was brought up on racial profiling charges twice in one week last fall.


Mexico Opens Gas, Oil to Foreign Investors

Mexican President Enrique Pena Nieto has signed into law the rules governing a historic opening of the state-run oil, gas and electricity industries to foreign and private companies.


Chiquita Faces $611 Million Buyout Bid

Chiquita Brands received a buyout offer worth about $611 million from investment firm Safra Group and Brazilian agribusiness Cutrale Group.


Dean Foods Shares Tumble on Loss

Shares of Dean Foods tumbled more than 9 percent in pre-market trading after the company posted a wider-than-expected second-quarter loss and withdrew its forecast for the full year.


Andreessen Horowitz Bets $50 Million on Buzzfeed

Entertainment and news site Buzzfeed got a $50 million vote of confidence from Silicon Valley venture capital firm Andreessen Horowitz, valuing the company at $850 million.


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