3M Offers Early Retirement Incentives to 4,900 Employees
In an attempt to control costs, 3M said it is offering early retirement incentives to 4,900 employees and expects about 15% to participate in the program.
Coca-Cola Buys Stake in Saudi Beverage Company for $980M
In a bid to expand its presence in the Middle East, Coca-Cola acquired about half of the equity in the beverage business of Aujan Industries for $980 million.
Cold Cash: Lockheed Reaches $2B Antarctica Deal
Defense contractor Lockheed Martin inked a multiyear deal on Wednesday worth as much as $2 billion to operate the U.S. Antarctic Program.
Fill 'Er Up With Quiznos
Quiznos CEO Greg MacDonald says the latest wave of gas station eateries has less to do with the economy and more to do with Americans' increasing lack of time.
Icahn Sends Open Letter to Commercial Metals Holders
Icahn, who runs investment firm Icahn Enterprises, says he does not wish to remain a minority holder in Commercial Metals if it continues to run under the current board.
Solid Holiday Sales Drive Cal-Maine Foods 2Q EPS Beat
Cal-Maine Foods beat the Street on Tuesday by posting a 53% leap in fiscal second-quarter profits.
Vulcan Materials Calls Martin Marietta Bid 'Opportunistic'
Vulcan's chief executive, Donald James, said the offer “does not come close” to appropriately compensating shareholders and is actually disadvantageous to stockholders since it takes advantage of cyclical lows.
United Rentals, RSC Holdings Join Forces in $1.87B Deal
Equipment rental company United Rentals revealed plans on Friday to scoop up rival RSC Holdings in a $1.87 billion cash-and-stock deal that is aimed at combining forces and creating synergies.
McDonald's November Sales Surge Past Estimates
The world's largest hamburger chain posted a 7.4% rise in global sales at established restaurants, topping estimates.
Monsanto Ups 1Q View on Latin American Results
Encouraged by bullish results from its Latin American segment, seed giant Monsanto raised its fiscal first-quarter guidance on Wednesday above Wall Street’s expectations and reaffirmed its full-year forecast.
3M Affirms Outlook, Predicts Stronger 2012
The St. Paul, Minn.-based diversified manufacturer said it expects to earn $5.85 to $5.95 a share in fiscal 2011, which is in-line with average analyst estimates of $5.91, according to a Thomson Reuters poll.
Icahn Goes Hostile With Bid for Commercial Metals
A day after Commercial Metals rejected his offer, billionaire investor Carl Icahn went hostile with his bid to buy the metals recycler.
Siemens Lands $780 Million Deal from Russia
The diversified manufacturer said Monday it will deliver eight Velaro RUS high-speed trains, which can travel up to 155 miles per hour, to Russia’s railway operator RZD starting in 2014.
New York Times Mistakenly E-Mails Millions
Eight million people got e-mails from the New York Times offering a special discount to keep their subscription to the paper. The only trouble is the message was only meant for 300 subscribers.
Navistar 4Q Profit Beats Street as Truck Sales Soar
Navistar reported a fourth-quarter profit that widely beat expectations on Monday.
Ingredient Costs Take Bite Out of General Mills' 2Q Earnings
Profits at General Mills shrank by a steeper-than-expected 28% in its fiscal second quarter as the food company grappled with rising prices.
ConAgra 2Q Profit Grows on Commercial Food Sales
ConAgra said that its second-quarter profit surpass estimates on strong commercial food sales.
Carnival Says Booking Prices Lower as of Late
The operator of Carnival Cruise Lines, Holland America and Princess Cruises said that in the last few weeks, 2012 bookings have kept rising but are fetching lower prices than before.
General Electric Hikes Dividend by 13%
General Electric said it is raising its quarterly dividend by 2 cents a share, marking the fourth time the conglomerate has boosted the payout since July 2010.
Citing Soft Demand, DuPont Slashes '11 Forecast
DuPont cut its full-year earnings outlook on Friday, citing weakness in several key economic sectors.








