US Business News

Brown-Forman Profit Rises 5.1%

Related Link: 

Brown-Forman Corp. said its earnings rose 5.1% during the holiday quarter with a boost from its Jack Daniel’s trademark brand and premium offerings.

Abercrombie Sales Drop 14%, Warns of Tough Months Ahead

Related Link: 

Abercrombie & Fitch Co. warned of tough months ahead as the teen retailer prolonged its revenue slump, posting a worse-than-expected 14% drop in sales in its holiday quarter.

E.W. Scripps Earnings Disappoint

Related Link: 

E.W. Scripps reported weaker-than-expected results in the fourth quarter, as increased political advertising and digital growth in its television segment was unable to offset the sharp decline of its newspaper segment.

U.K. to Sell Eurostar Stake for $1.16 Billion

Related Link: 

The U.K. government said it is selling its 40% interest in cross-channel train operator Eurostar International for £757.1 million ($1.16 billion).

Bristol-Myers, Bavarian Nordic Ink Prostate-Cancer Deal

Related Link: 

Bristol-Myers Squibb said it has joined with Bavarian Nordic to exclusively license and commercialize the Danish company’s experimental prostate-cancer treatment.

Crackdown Deals Macau a Rough Hand

Related Link: 

Macau gambling revenue remained in a free fall in February, sinking 49% from a year earlier amid China’s crackdown on corruption.

GE CEO Jeff Immelt's Crude Problem

Related Link: 

GE’s CEO already had problems convincing investors he was moving fast enough to remake the conglomerate into a simpler industrial machine, and now there’s this oil business.

NBCU Plans to Launch Comedy Video Service

Related Link: 

Comcast’s NBCUniversal is aiming to launch a comedy-focused subscription Web video service later this year, as interest grows in reaching young online viewers who don’t watch traditional TV.

SUV Sales Plow Through February

Related Link: 

Poor weather modestly dented the pace of U.S. auto sales in February, but did little to stem America’s increasing thirst for pricey trucks and SUVs.

Bristow Takes a Tilt on New Choppers

Related Link: 

Bristow Group said it had secured purchase rights on the new AW609 aircraft being developed by AgustaWestland, vehicles that can fly like a plane and hover like a helicopter.

Syndicate content