US Business News

Al Gore Had Doubts Over Sale to Al Jazeera

Related Link: 

Al Gore had "serious reservations" about selling Current TV to Al Jazeera but overcame them because he believed the U.S. was likely to influence the broadcaster and foster understanding, court papers say.

Home Depot Taps Menear as CEO

Related Link: 

Home Depot named the head of its retail operations, Craig Menear, as the home-improvement retailer's new chief executive, to take over from Frank Blake in November.

Russia Raises Heat on McDonald's

Related Link: 

Russia expanded inspections of McDonald's restaurants across the country, a day after several Moscow restaurants were temporarily closed.

Hormel Sees Pork Supplies Improving

Related Link: 

Hormel Foods reported its fiscal third-quarter earnings jumped 21%, as the packaged-foods maker also said domestic pork supplies have improved after a deadly virus racked piglet populations this year.

GameStop Profit More Than Doubles

Related Link: 

Retailer GameStop said its second-quarter profit more than doubled on strong demand for new game consoles that lifted its hardware and software sales.

Crumbs Bake Shop Cancels Auction, Seeks Sale to Investors

Related Link: 

A bid by television personality Marcus Lemonis and Dippin' Dots owner Fischer Enterprises to relaunch the closed Crumbs Bake Shop neared reality after a deadline to trump the pair's $6.5 million offer came and went.

A Tiny Oil Platform, One Big Mystery

Related Link: 

A small oil facility off the coast of Africa appears to be sending lots of crude to Europe, raising questions by Nigerian and U.S. authorities about whether some of it is pilfered Nigerian crude.

Family Dollar Rejects Dollar General Bid

Related Link: 

Family Dollar rejected Dollar General's $9 billion cash offer, opting to stick with Dollar Tree's $8.5 billion cash-and-stock deal that is worth less but may have an easier time passing muster with antitrust regulators.

Sears Eyes Balance Sheet Help

Related Link: 

Sears Holdings Corp. burned through more cash as its losses mounted in the second quarter, prompting the once venerable retailer to say it is weighing additional steps to shore up its balance sheet.

Intuit Loss Widens on Higher Expenses

Related Link: 

Intuit Inc. reported its fiscal fourth-quarter loss more than doubled on higher expenses, as the company shifted resources to expanding online services.

Syndicate content