Toyota Motor Corp. on Friday sharply downgraded its earnings forecast for this fiscal year through March, blaming a strong yen and the massive flooding in Thailand.
Fitch said Monday that it will keep its rating for long-term U.S. debt at the top AAA level, despite a congressional panel's failure to agree on long-term deficit cuts. But it is lowering its outlook to negative.
Fitch said Monday that it will keep its rating for long-term U.S. debt at the top AAA level, despite a congressional panel's failure to agree on long-term deficit cuts. But it is lowering its outlook to negative.
Staples Inc. said Tuesday that its profit climbed 13 percent in the third quarter, helped in part by improved sales of office and break room supplies to businesses as well as promotional products.
Department store operator Kohl's Corp. said Thursday its third-quarter profit rose 20 percent, helped by strong demand for exclusive lines by Jennifer Lopez and Marc Anthony.
Appliance maker Whirlpool Corp. said Friday it will cut 5,000 jobs, about 10 percent of its workforce in North America and Europe, as it faces soft demand and higher costs for materials.
Lockheed Martin Corp. says its third-quarter net income jumped 25 percent on higher sales and profits in its aeronautics division. But the company warned sales could be flat in 2012 in the face of government spending cuts.
The economy grew slightly faster in the spring than previously estimated but remained dangerously weak in the face of high unemployment and higher gas prices. Many economists foresee slightly better growth in the current July-September quarter.
As trial balloons go, Hewlett-Packard's not-so-secret handwringing -over whether to dump CEO Leo Apotheker and replace him with former eBay CEO Meg Whitman- was a success. Investors like the idea.
The financial leaders of the world's most developed economies were wrangling Friday over how to revive a faltering economic recovery at a time when interest rates are already low and government debt is high.
The U.S. economy grew at a meager 1 percent annual pace this spring, slower than previously estimated. The downward revision will likely increase fears that the economy is at risk of another recession.
Sexy lingerie, adult costumes, inflatable dolls and much more are on display at an adult industry trade fair in the Chinese territory of Macau that shows how China's growing influence has spread even to the bedroom.