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General Mills posts profit, hikes full-year viewMarketWatch - 4 hours agoBy Matt Andrejczak, MarketWatch SAN FRANCISCO (MarketWatch) -- General Mills Inc. reported a 3% decline in second-quarter profit Wednesday, hurt by commodity-hedging losses, but the cereal maker beat expectations and raised its full-year forecast.General Mills Pops ForbesConAgra tops estimates, General Mills seen steadier ReutersBloomberg - CNNMoney.com - [...]
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WCBD
Canadian Pacific Train Cars Derail in Minnesota CrashBloomberg - 4 hours agoBy Hugo Miller Dec. 17 (Bloomberg) -- Two Canadian Pacific Railway Ltd. freight trains collided early today on tracks running along the Mississippi River in southeastern Minnesota, with 40 cars derailing, a local emergency official said.Train carrying fertilizer derails in Minnesota Reuters2 trains derail in [...]
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3 Convicted in KPMG Tax Shelter CaseNew York Times - 2 hours agoBy LYNNLEY BROWNING A federal jury on Wednesday convicted three defendants of using tax shelters to help wealthy investors evade billions in taxes, but acquitted a fourth man of the charges.Three Convicted in KPMG Case Wall Street JournalFormer KPMG Executives Get Mixed Verdicts [...]
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Ryder to Eliminate 3100 Jobs in Americas, EuropeBloomberg - 2 hours agoBy Angela Greiling Keane Dec. 17 (Bloomberg) -- Ryder System Inc., the biggest US truck-leasing company, is cutting 3100 jobs in the US, South America and Europe as the global economic crisis damps demand.Ryder System to restructure operations, slash jobs CNNMoney.comRyder to job cuts, close [...]
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AFP
Motorola Freezes Pensions, Pay to Cope With SlumpBloomberg - 4 hours agoBy Crayton Harrison Dec. 17 (Bloomberg) -- Motorola Inc., the second-biggest US seller of mobile phones, will freeze US pension plans and reduce executive salaries to help cope with the economic slump.Motorola plans pension freeze, no raises Bizjournals.comMotorola to freeze salaries, pensions MarketWatchCNNMoney.com - Wall Street [...]
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RTT News
Take-Two outlook disappointsReuters - 2 hours agoBy Jennifer Martinez SAN FRANCISCO (Reuters) - Take-Two Interactive Software Inc (TTWO.O: Quote, Profile, Research, Stock Buzz), "Grand Theft Auto" video game publisher, set a 2009 profit target far below Wall Street estimates on Wednesday, ...Take-Two shares tumble after results MarketWatchTake-Two Plunges After Profit Warning TheStreet.comRTT News - Barron's Blogs - [...]
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The Plain Dealer - cleveland.com
Aetna Eliminates 1000 Jobs In Response To DownturnCNNMoney.com - 3 hours ago(Adds Cigna information and comment, updated stock price and UnitedHealth background in last three paragraphs.) By Dinah Wisenberg Brin Aetna Inc. (AET), which stood out among its publicly traded managed-care peers this year in expanding a key segment ...Aetna Eliminates [...]
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Obama Said to Select Brokerage Regulator Schapiro to Lead SECBloomberg - 2 hours agoBy Jesse Westbrook Dec. 17 (Bloomberg) -- President-elect Barack Obama plans to name Mary Schapiro, chief executive officer of the Financial Services Regulatory Authority, to be chairman of the US Securities and Exchange Commission, people familiar ...Obama to Announce SEC Chairwoman New [...]
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ABC News
Morgan Stanley posts big loss; market hopes worst overReuters - 2 hours agoBy Joseph A. Giannone NEW YORK, Dec 17 (Reuters) - Morgan Stanley (MS.N: Quote, Profile, Research, Stock Buzz) reported a much wider-than-expected $2.2 billion quarterly loss on Wednesday on plummeting markets and poor trading moves, while banking and ...Morgan Stanley posts loss, [...]
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Minyanville.com
Macy's Makes AmendsForbes - 2 hours agoDepartment store conglomerate Macy's took a beating in early December after it announced consumers clung to their wallets during the November shopping season.Retail sector edges higher, led by Macy's MarketWatchMacy’s Jumps Most Since 1992 on Credit Deal Change BloombergWall Street Journal - Reuters - CNNMoney.com - Bizjournals.comall 49 news articles
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