Steel Dynamics Warns of Big 1Q Miss
Following in the footsteps of another steelmaker, Steel Dynamics warned Wall Street on Friday it expects to generate first-quarter earnings that will miss analysts’ expectations due to a surprise shrinkage in margins.
Coke, Pepsi to Change Caramel Coloring Ingredient
Coca-Cola and PepsiCo are making changes to the production of an ingredient in their sodas to avoid the need to label the packages with a cancer warning.
Fully Caffeinated Professor Dreams Up Business
David Edwards is the man behind Aeroshot, a controversial caffeine product that has gotten Congressional attention.
A Not-So-Happy Month: McDonald's Sales Miss in February
McDonald's global same-store sales rose by 7.5% in February, missing estimates, on weakness in Europe and other overseas markets.
Allen Stanford Found Guilty on 13 of 14 Charges
A federal jury found Allen Stanford guilty in 13 of 14 charges in a $7 billion Ponzi scheme. He was found not guilty on one charge of wire fraud.
Jack Daniel's Maker to Hike Prices
Brown-Forman Corp., the parent of Jack Daniel's, Finlandia vodka and Southern Comfort, reported a weaker-than-expected quarterly profit and said the time was becoming right for price increases.
Kraft's New Snack Business to be Called 'Mondelez'
Kraft said Wednesday that its new international snack business would be called Mondelez International once it splits it from the company's North American grocery business later this year.
General Mills Profit Softens in 3Q
The maker of Cheerios cereal and Progresso soups posted a slight decline in quarterly profit and stood by its lowered full-year forecast as it faces higher materials costs.
Caterpillar Boosts Excavator Capacity in China by 80%
Caterpillar is expanding its flagship manufacturing plant in China that when completed in 2016 will boost production of hydraulic excavators by another 80%.
Soda Sales Fizzled in 2011
Total sales volume of soda fell about 1% in 2011, about the same level it was in 1996, as energy drinks failed to offset weakness in traditional sodas, according to a beverage industry report.
Tyco's Flow Control Unit Merges with Pentair in $4.5B Deal
Swiss-based Tyco International is merging its flow control business with Pentair in an all-stock deal valued at about $4.53 billion.
Tyson Says 'Pink Slime' Fight Hurting Beef Demand
The controversy over a common ground beef filler dubbed "pink slime" by critics has hurt short-term beef demand, a Tyson Foods executive said.
Smucker Enters Chinese Market With $35M Stake in Oatmeal Maker
Marking its first entry into China, J.M. Smucker acquired a minority stake in privately-owned oatmeal maker Guilin Seamild Biologic Technology Development for $35 million.
Exxon Valdez Oil Tanker to be Sold in Pieces
The ship responsible for the second largest oil spill in U.S. waters behind BP’s Deepwater Horizon, is being sold to a company that will most likely rip it a part and sell it in pieces.
Darden's 4Q Net Jumps 8.5% as Olive Garden Stabilizes
Lifted by signs of life at its struggling Olive Garden restaurants and warm weather, Darden Restaurants narrowly beat the Street on Friday with an 8.5% jump in fiscal third-quarter net income.
Caterpillar Spends $20M to Expand Facility, Create 80 Jobs
Construction equipment giant Caterpillar will invest some $20 million to triple the size of one of its manufacturing plants in South Carolina and create as many as 80 jobs.
Caterpillar to Invest $20M in South Carolina Plant
The world's largest heavy machinery maker unveiled a $20 million expansion plan for its manufacturing facility in Sumter, S.C., which would add 170,000 square feet and 80 new jobs.
Goodrich Shareholders Approve Sale to United Technologies
Goodrich shareholders on Tuesday approved the company's $16.5 billion sale to United Technologies.
Pepsi Shakes Up Management Structure
PepsiCo on Monday revealed plans to create a new job of president and bring back a former executive to run its food division.
3M's Quarterly Sales Fall 5.5%
3M, the maker of Scotch tape and Post-it notes, reported a 5.5 percent decline in fourth-quarter net sales, hurt by a global economic slowdown.










