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Dealer Group Expects New Vehicle Sales to Hit 13.9 Million

5 hours 3 min ago
U.S. automotive sales should hit 13.9 million new vehicles this year as low interest rates and a mild recession in Europe keep the American economy humming.
Categories: NEWS: Business and Financial

Xiwang Special Steel Plans IPO

13 hours 3 min ago
China's Xiwang Special Steel plans to raise up to $217 million in a Hong Kong initial public offering, a person familiar with the situation said Saturday.
Categories: NEWS: Business and Financial

Goldman Cuts Blankfein's Bonus

Fri, 02/03/2012 - 23:47
Goldman Sachs cut CEO Lloyd Blankfein's stock bonus for the first time since the financial crisis, the latest sign that Wall Street executives are paying for a year of mixed financial performance.
Categories: NEWS: Business and Financial

Interest-Rate Probe Widens

Fri, 02/03/2012 - 23:22
Regulators in Switzerland and the U.K. stepped up pressure on Swiss and foreign banks, extending a probe into alleged manipulation of interest rates and disclosing possible action against UBS in a trading scandal.
Categories: NEWS: Business and Financial

Caterpillar Closes Plant in Canada After Lockout

Fri, 02/03/2012 - 23:16
Caterpillar said it will close a locomotive plant in London, Ontario, following a lockout, eliminating about 450 jobs that mostly paid twice the rate of a U.S. counterpart.
Categories: NEWS: Business and Financial

Citi Hit in Brazilian Hacker Attack

Fri, 02/03/2012 - 22:57
A computer hacker group continued a wave of attacks against Brazilian financial websites, hampering the sites of Citigroup and other prominent institutions.
Categories: NEWS: Business and Financial

Harbinger's Main Fund Declined 47% Last Year

Fri, 02/03/2012 - 22:16
Prominent hedge-fund manager Philip Falcone's Harbinger Capital Partners lost 47% last year in its biggest fund on a hefty markdown on the value of its largest investment in wireless network LightSquared.
Categories: NEWS: Business and Financial

Worn Pipes Shut California Reactors

Fri, 02/03/2012 - 21:48
The two reactors at the San Onofre nuclear-power station will stay shut down this weekend while federal safety officials investigate why critical—and relatively new—equipment is showing signs of premature wear.
Categories: NEWS: Business and Financial

FDA: No Ban on Orange-Juice Imports

Fri, 02/03/2012 - 20:57
Orange-juice futures settled lower as traders discounted the prospects for a ban on juice imports into the U.S. It appears they weren't off the mark.
Categories: NEWS: Business and Financial

With Role Lessened, Loan Chief Exits BofA

Fri, 02/03/2012 - 20:54
Barbara Desoer, a high-profile mortgage executive who once was a candidate to become chief executive of Bank of America, is leaving as the financial giant retreats from the home-loan business.
Categories: NEWS: Business and Financial

H-P to Put Proxy-Access Proposal to Vote

Fri, 02/03/2012 - 20:46
Hewlett-Packard agreed to give its stockholders the chance to approve so-called proxy access through a bylaw vote at its 2013 annual meeting.
Categories: NEWS: Business and Financial

MTN Probes Bribery Claims

Fri, 02/03/2012 - 20:39
Shares of South African mobile-phone operator MTN fell after the company said it is investigating claims by Turkey's largest mobile-phone operator that it engaged in corruption to secure a deal in Iran.
Categories: NEWS: Business and Financial

Upbeat Beam Sees Glass as Half-Full

Fri, 02/03/2012 - 20:36
Spirits maker Beam, which posted better-than-expected earnings, expects established brands and new flavors to help it outperform the broader category's growth this year.
Categories: NEWS: Business and Financial

Micron CEO Dies in Crash

Fri, 02/03/2012 - 20:18
Steven R. Appleton, chairman and chief executive of Micron Technology died Friday when the high-performance airplane he was piloting crashed at Boise, Idaho's airport.
Categories: NEWS: Business and Financial

Brunello Cucinelli Files for IPO in Milan

Fri, 02/03/2012 - 18:23
Brunello Cucinelli, the Italian founder of the premium cashmere clothing line of the same name, said he had filed a request with regulators to list a third of his company's stock in Milan.
Categories: NEWS: Business and Financial

Injunction Interrupts Apple Sales in Germany

Fri, 02/03/2012 - 16:34
Some Apple devices were unavailable for sale briefly on Friday in Germany, as part of a patent tussle with Motorola Mobility.
Categories: NEWS: Business and Financial

Man Sentenced in Marriott Hacking

Fri, 02/03/2012 - 14:57
A Hungarian man was sentenced to two and a half years in prison Friday for hacking into Marriott International's computer system and threatening to reveal confidential business information if the company didn't give him a job.
Categories: NEWS: Business and Financial

Clorox Posts Strong Sales for Quarter

Fri, 02/03/2012 - 14:38
Clorox said fiscal second-quarter sales rose more than expected with help from higher prices, overcoming concerns that tepid demand in North America would crimp sales for household staples.
Categories: NEWS: Business and Financial

Walgreen Same-Store Sales Decline

Fri, 02/03/2012 - 14:22
Walgreen's same-store sales slid 4.6% in January as the drugstore chain's prescriptions sales were battered by the loss of major customer Express Scripts.
Categories: NEWS: Business and Financial

SEC Names Franzel to Audit Panel

Fri, 02/03/2012 - 14:09
The SEC named a top federal-government auditor to a seat on the Public Company Accounting Oversight Board.
Categories: NEWS: Business and Financial