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Jennifer Booton Archive

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  • Duke Energy's Profit More Than Doubles

    Published May 03, 2013

    Duke Energy said its first-quarter profit more than doubled to $634 million, fueled by the recent acquisition of Progress Energy.

  • Merck Shares Slide as Sales Widely Miss Estimates

    Published May 01, 2013

    Merck posted weaker-than-expected quarterly sales on increased generic competition as well as a sharp revenue miss and lowered its full-year outlook.

  • CVS 1Q Profit Up 23% Amid Strong Flu Season, Generics

    Published May 01, 2013

    The pharmacy retailer reported lower input costs while margins widened amid an influx of new generic drugs.

  • Online Poker Makes a Comeback in the U.S.

    Published April 30, 2013

    Real-money online poker was officially reintroduced in the U.S. on Tuesday with the launch of the country’s first legal site operated by Ultimate Gaming. 

  • Best Buy Exits Europe with Carphone Sale

    Published April 30, 2013

    The retailer sold its 50% stake in its European business as it continues to look for ways to streamline costs. 

  • Aetna 1Q Tops Expectations, Raises Year View

    Published April 30, 2013

    The health insurer's first-quarter earnings fell 4.1%, partly due to integration and other charges, while its  revenue and membership rolls increased.

  • Payments Site Alibaba Buys 18% Stake in Weibo Social Network

    Published April 29, 2013

    Shares of SINA Corp. climbed after the Shanghai-based online media company inked a $586 million deal with China’s largest e-commerce platform Alibaba that could enable its merchants to connect with Weibo.com's 400 million users. 

  • Eaton Net Up 22% on Acquisition

    Published April 29, 2013

    Eaton's first-quarter earnings rose 22% with the help of its Cooper Industries acquisition, but revenue growth fell short of Wall Street views as global demand continued to slow.

  • J.C. Penney Set to Get Cash Infusion

    Published April 29, 2013

    The struggling retailer secured a deal with Goldman Sachs for long-term funding along with two hedge funds also reportedly buying into it. 

  • Corporate Charity a Boon to Bottom Lines

    Published April 19, 2013

    Abiding by a certain code of social conduct can carry a wealth of benefits for corporations and their bottom lines, leaving those who choose to ignore it at a disadvantage.