Industrials

NBCU Absence Eats into GE's 1Q Profits

Missing the revenue from NBC Universal, earnings at General Electric retreated 12% during the first quarter but managed to still surpass Wall Street’s forecasts.

Loews 1Q Profit Tops Street as CNA Catastrophe Losses Fall

Loews posted weaker first-quarter profit that topped expectations, as smaller catastrophe losses and higher investment income at its largest subsidiary, CNA Financial, could not fully offset weaknesses in its oil and gas division.  

Carnival Costa Group Chief to Retire

The chief executive of Carnival's unit whose ship got into a deadly, and highly publicized, accident off of the coast of Italy is retiring on July 1, but will remain on the cruise operator's board.

Hit by Weak U.S. Volumes, Kellogg Slashes Outlook

Kellogg slashed its 2012 earnings guidance on Monday as the world’s largest cereal maker was struck by weak U.S. volumes and trouble in Europe that fueled a weaker-than-expected first quarter.

Will China Troubles Resurrect Made-in-America Brand?

The push by Apple contractor and manufacturing behemoth Foxconn to clean up working conditions in China underscores a desire for worker equality that has swept across emerging-market countries in recent years.