Business

UPS Takes Loss to Beef Up Service

UPS is sacrificing some short-term profits to avoid a repeat of its failure last Christmas to deliver all packages on time.


Smith & Wesson to Pay $2 Million in Bribe Case

Smith & Wesson has agreed to pay $2 million to settle civil charges of bribing government officials in Pakistan, Indonesia and other countries to win business.


Herbalife Profit Wilts in Q2

Herbalife on Monday reported profit that decreased by 17 percent in its second quarter, falling short of analysts' expectations.


Darden's Otis Stepping Down Amid Olive Garden Woes

Darden Restaurants CEO and Chairman Clarence Otis is stepping down as the company fights to fix its flagship Olive Garden chain following its contested sale of Red Lobster.


U.S. Companies increasingly Fish for Growth Overseas

Major U.S. companies are starting to reap their most rapid growth in fertile lands of opportunity far from home.


Tyson Selling Latin American Poultry Operations

Tyson Foods plans to sell its poultry businesses in Mexico and Brazil for $575 million in cash to help pay debt from its recently announced acquisition of Hillshire Brands.


Virgin American Files IPO Flight Plan

Virgin America had been unprofitable until last year, when it had earnings of $10.1 million.


Dollar Tree Buying Discount Rival Family Dollar

Dollar Tree is buying up Family Dollar for $8.5 billion, giving it a wider reach in the fight for deal-seeking customers.


Pending Home Sales Slipped in June

Fewer Americans signed contracts to buy homes in June, as the real estate market appears to have cooled off this summer.


Citigroup Unit Paying $5 Million to Settle SEC Charges

A market trading unit of Citigroup will pay $5 million to settle Securities and Exchange Commission charges that it failed to protect the confidentiality of customer trading data.


AbbVie Profit Climbs in 2nd Quarter

Drugmaker AbbVie's second-quarter profit beat analysts' expectations as sales soared for the world's top-selling drug, Humira.


Homeowners Associations Can Ban Legal Pot

Marijuana and hemp have joined wacky paint colors and unsightly fences as common neighborhood disputes facing homeowners' associations.


Xerox 2Q profit drops 1.9 percent

NORWALK, Conn. (AP) Document management company Xerox Corp. (XRX) on Friday reported profit that declined by 1.9 percent in its second quarter, and beat analysts' expectations. The Norwalk, Connecticut-based company said net income dropped to $266 million, or 22 cents per share, from $271 million, or 21 cents per share, in the same quarter a year earlier. Earnings, adjusted for amortization ...


Moody's 2Q profit climbs 42 percent

NEW YORK (AP) Moody's Corp. (MCO) on Friday reported net income that increased by 42 percent in its second quarter, and topped analysts' expectations. The New York-based company said profit rose to $319.2 million, or $1.48 per share, from $225.5 million, or $1 per share, in the same quarter a year earlier. Earnings, adjusted for non-recurring gains, came to $1.12 per share. The average ...


Visa Posts Higher Q3 Profit, Earnings

Visa Inc. said Thursday its profit climbed 11 percent in its fiscal third quarter versus a year earlier, aided by growth in payments volume, service revenue and transactions.


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