Business

Goldman Sachs Posts Higher Profit, Revenue

Goldman Sachs on Tuesday announced a quarterly profit rise of 5 percent, with revenue rising much higher than analysts had expected.


HP Interim Chair Whitworth Steps Down

Hewlett-Packard's interim chairman Ralph Whitworth has resigned from the company's board to concentrate on personal health issues.


CVS Caremark to Acquire Navarro Pharmacy

Navarro Discount Pharmacy agrees to sell its 33 stores to the nation's second largest drugstore chain.


U.S. Consumer Bureau Sues Debt Collector

The Consumer Financial Protection Bureau has sued a major debt collection law firm, alleging that it produces shoddy, mass-produced credit-card collection lawsuits.


Flying J Truck-Stop Chain to Pay $92 Million Fine

Authorities say the truck-stop company owned by Cleveland Browns owner Jimmy Haslam and Tennessee Gov. Bill Haslam has agreed to pay $92 million in fines for cheating customers out of promised rebates and discounts.


U.S. Companies 'Move' Overseas to Avoid Taxes

U.S. companies increasingly seek to trim their taxes by combining operations with foreign businesses in a trend that could cost the country billions of dollars in lost revenue.


Kindred Ups Offer for Gentiva Shares

Kindred Healthcare is offering more cash for shares of Gentiva Health Services, but it now aims to acquire just a slice of the home health and hospice care provider instead of the whole company.


Crumbs Bake Shop Files for Chapter 11

An investor group that includes investor and reality TV star Marcus Lemonis said it plans to acquire Crumbs Bake Shop out of bankruptcy.


ConAgra Buys China Spuds Processor

ConAgra Foods said Monday it bought Chinese potato processor TaiMei for $93 million to help it sell more frozen potato products in Asia.


Banco Espirito Stock Falls Despite New CEO

A new CEO has been appointed for Portugal's biggest bank, but Banco Espirito Santo's share price is still falling sharply as investors fret over its financial health.


Citigroup to Pay $7 Billion to Settle Subprime Probe

Citigroup said Monday it will pay about $7 billion to settle a federal investigation into risky subprime mortgages of the sort that helped spark the Great Recession.


Citi Income Drops on Mortgage Charge

Citigroup said Monday that its net income dropped in the second quarter after it took a $3.8 billion charge to settle claims over its risky subprime mortgage business.


U.S.' No. 2, No. 3 Tobacco Cos in Merger Talks

The United States' second- and third-largest tobacco companies, Reynolds American and Lorillard, confirmed that they are negotiating a merger deal that would create a giant with a $56 billion market value.


Pot's Legal in WA -- But You Should Probably Ask Your Boss

Employers still have discretion over setting guidelines for worker drug use. For certain professions, such as truck drivers who rely on federally issued commercial driver's licenses, marijuana is generally prohibited across the board. But for most industries in Washington, policies are set by the employer, and having traces of marijuana in your system can still be grounds for firing.


Drive-In Movie Theaters Use Creativity to Afford Digital Switch

Many in the movie industry feared the need to convert to digital could be the death knell for drive-ins, but drive-in operators are finding creative ways to afford the switch.


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