Business

U.S. Consumer Confidence Hits 6-Year High

More Americans are optimistic about business conditions and the outlook for jobs, though fewer expect their incomes will grow over the next six months, according to the Conference Board.


Walgreen's Profit Jumps but Misses Expectations

Walgreen says its third-quarter earnings jumped 16 percent compared with last year, but the nation's largest drugstore chain missed Wall Street's expectations.


Wisconsin Energy Buying Integrys for $5.8 Billion

Wisconsin Energy is buying Integrys Energy Group for about $5.8 billion in cash and stock to form a more diverse Midwest electric and natural gas delivery company.


Supreme Court Raises Bar for Class Action Suits

The Supreme Court on Monday made it tougher for investors to jointly sue corporations for securities fraud, handing a partial victory to Halliburn Co. in a suit claiming that the energy company inflated its stock price.


Dov Charney Fights American Apparel Firing

Dov Charney, soon to be the ex-CEO of American Apparel, is fighting allegations by his board that he behaved inappropriately with company funds and employees.


McDonald's Ranks Last in Customer Satisfaction

McDonald's ranked last, again, in an annual ranking of fast food restaurants by the American Customer Satisfaction Index.


Smith & Wesson Sales Take a Hit

Smith & Wesson's stock price plunged 12 percent in premarket trading Friday as gun sales seem to be getting shot down, CNN Money reported.


France Backs GE's Bid for Alstom

General Electric looked set to win its months-long fight to acquire the power generation business of France's Alstom SA, after the French government threw its support behind the American offer.


GE Capital Settles Hispanic Discrimination Suit

GE Capital Retail Bank has agreed to pay $169 million to settle a lawsuit accusing it of discriminating against Hispanic credit card customers.


Red Lobster, Olive Garden Continue Long Sales Slide

Darden said Friday that sales continued to slide at Olive Garden and Red Lobster in the latest quarter, with other costs dragging down its profit by 35 percent.


Kroger, Harris Teeter Mix Going Well

Five months after completing its acquisition of Harris Teeter, Kroger executives said Thursday the integration of the companies is going well.


Markit Climbs on Expanded IPO Results

Shares of Markit jumped 11 percent after the financial information company's initial public offering raised $1.28 billion.


American Apparel Founder Booted for 'Misconduct'

American Apparel has ousted founder Dov Charney as chairman following an ongoing investigation into alleged misconduct.


Feds Seize Hemp Seeds at Canada Border

Federal authorities in North Dakota have seized hundreds of pounds of industrial hemp seeds bound from Canada to Colorado.


Iraq Fighting Keeps Gas Prices High

Violence in Iraq is pushing U.S. gasoline prices higher, depriving drivers of the usual price break between Memorial Day and the Fourth of July weekend.


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