Business

Turning Broadcasting Offers Buyouts to Older Workers

The corporate parent of CNN, TNT and TBS on Tuesday offered voluntary buyouts to 600 veteran employees, part of an overall cost-cutting effort at the Atlanta broadcasting company.


Best Buy Profit up, Revenue Down

Best Buy Co.'s second-quarter profit was higher than expected, but its sales fell short for the second half of the retailer's fiscal year.


Tim Hortons Deal Confirmed by Burger King

Burger King Worldwide agreed Tuesday to acquire Canadian coffee-and-doughnut chain Tim Hortons for approximately $11.4 billion, creating the world's third-largest fast-food company by sales.


IKEA Megastore Coming to Miami

IKEA Miami will open its doors Wednesday in Sweetwater, the Swedish home furnishings retailer's largest store on the East Coast and its second-largest nationwide.


S&P 500 Sets Record Closing High

The S&P 500 rose above 2,000 for the first time on Monday as U.S. stocks rode a wave of merger news to yet another strong session on Wall Street.


Burger King Shares Soar on Merger Talks

Shares in Burger King and Tim Horton's jumped in pre-market trading in New York on news the two companies are talking about a friendly merger that would shave BKW's tax bill.


Ann Taylor Pressured to Sell

A big shareholder in the Ann Taylor chain sees the parent company as ripe for private equity and aggressive cost cuts.


BOC Aviation Places $8.8 Billion Boeing Order

Singapore-based BOC Aviation placed an order for 50 737 MAX 8s, 30 Next-Generation 737-800s and two 777-300ERs from Boeing on Monday.


As Conference Ends, Economists Give Clashing Views

Economists left the Federal Reserve's annual conference in Wyoming with mixed messages about the economy.


Allergan Reviews Meeting Requests in Takeover Bid

Botox maker Allergan says it's reviewing shareholder requests for a special meeting to consider replacing most of its board.


Obama Urges Renewal of U.S. Export-Import Bank

President is rallying for U.S. Export-Import Bank, saying the taxpayer-subsidized bank creates jobs.


Hedge Funds Urge Faster Co-op Bank Overhaul

The Co-operative Bank is facing demands from some of its biggest shareholders to accelerate an overhaul of its operations and commercial strategy.


Dynegy Spending Billions on Power Plants

Shares of Houston power producer Dynegy soared Friday before markets opened and after it announced plans to spend more than $6 billion to buy coal and gas power plants from Duke Energy and Energy Capital Partners.


McDonald's Names Another U.S. President

McDonald's named a new president for its struggling U.S. division on Friday, marking the second change in the high-profile spot in less than two years.


Deere Announces New Round of Layoffs

Agricultural equipment maker Deere is laying off about 460 employees indefinitely from an Iowa tractor factory, effective Oct. 20.


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