Express Profit Falls on Weaker Sales

Related Link: 

ExpressInc. said its fiscal second-quarter earnings slid 59% as the specialty retail apparel chain reported a modest decline in sales and higher operating expenses.

Kia Plans Mexico Assembly Plant

Related Link: 

Kia Motors will build a $1.5 billion assembly plant near Mexico's border with the U.S., the latest in a spate of industry investments further accelerating the country into the top ranks of global automotive producers.

China Volkswagen Probe Not Antitrust Issue

Related Link: 

China's probe into a Volkswagen AG joint venture isn't tied to an antitrust investigation, according to the auto maker and its local partner.

Widespread Outages Hit Time Warner Cable

Related Link: 

Time Warner Cable said service was largely restored as of early Wednesday morning following an outage of Internet and on demand services in all of its markets.

Amgen Heart Drug Gets FDA Priority

Related Link: 

Amgen Inc. said U.S. regulators have granted a priority review designation for the company's new drug application for its prospective heart-failure treatment.

American Pulls Fares From Orbitz

Related Link: 

American Airlines has withdrawn its flights from consumer websites powered by Orbitz, following a similar dispute between the airline and the travel website about three years ago.

Brazil's Oi Explores Stake in Rival Phone Company TIM

Related Link: 

One of Brazil's largest phone companies, Oi, has hired an investment bank to examine the possibility of buying a stake in a rival phone company, TIM Participacoes, which is controlled by Telecom Italia.

Vietnam Airlines Plans IPO

Related Link: 

Vietnam Airlines plans to launch an IPO in November, aiming to raise $70.6 million for the government through the sale of a 5% equity stake in the state-run carrier to public investors.

Sabre to Explore Possible Sale of Lastminute.com

Related Link: 

Sabre Corp. said it is exploring a potential sale, along with other strategic options, of its lastminute.com business unit, in an effort to focus on its core business.

Burger King: Hands-Off Growth

Related Link: 

Burger King and Tim Hortons are outliers in the fast-food industry, owning small percentages of their restaurants. That strategy allows growth with minimal investment.

Syndicate content