Kraft net more than doubles as sales dip
Kraft Foods Inc. overcame soft sales and weak foreign currencies to once again beat Wall Street profit estimates in the first quarter. And, just maybe, Oreos with two fillings in...
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Abbott seeks to raise cardiac profile
Abbott Laboratories, moving to bolster its presence in a fast-growing medical-device sector, agreed to pay $234.5 million to acquire the coronary stent business of Britain's Biocompatibles PLC. For the past...
USG posts $9 million loss
Construction-products maker USG Corp. today posted a $9 million loss for its year-ending quarter, writing off $42 million in plant closings and job cuts. The results were in marked contrast...
Housing ends 2001 with a flourish
Even as much of the U.S. economy struggled to shake off the effects of a stubborn recession, the nation's housing industry closed out its best year ever, with new-home sales...
Shoppers’ attention elsewhere
For consumers and Wall Street traders alike, Kmart Corp.'s Chapter 11 bankruptcy filing on Tuesday sparked a search for bargains. Although Kmart shares dived sharply in New York Stock Exchange...
Confidence plummets to 7-year low
Consumer confidence plunged in October, reflecting Americans' deepening concern about the shaky economy, a rapidly eroding job market and the persistent threat of more terrorist attacks. The Conference Board said...
Losses may cause UAL to ‘perish,’ CEO warns
Unless United Airlines can stanch its losses, the Chicago-based carrier "will perish" sometime next year, Chairman and Chief Executive James E. Goodwin has warned United employees. The UAL Corp. unit...
38 firms on trading probe list
The Securities and Exchange Commission is investigating possibly suspicious equity or options trading in shares of 38 companies in the days before the Sept. 11 terrorist attacks, including Chicago-based Bank...
United Airlines bears heavy financial burden
Even before the World Trade Center disaster, United Airlines parent UAL Corp. was facing significant profit problems. In the wake of this week's terrorist attacks, experts say UAL's woes, along...
Stock trading still halted
For the first time in the modern era, the nation's stock markets will remain closed for at least three consecutive trading days--and may not reopen until Monday, stock exchange officials...