Siemens Taps CFO to Succeed Ousted CEO Loescher
Siemens tapped CFO Joe Kaeser as its new chief executive, succeeding Peter Loescher, who was ousted after a second profit warning this year.
Dow Chemical Profits Beat the Street
Dow Chemical's adjusted quarterly profit jumped 16%, topping analysts' estimates, driven by robust demand for a new line of crop protection products.
3M's 2Q Net Gains 2.6%, Narrowly Tops Views
The Post-Its maker's profits topped estimates by a penny thanks to broad sales growth.
Caterpillar 2Q Net Falls More Than Expected
The world’s largest maker of construction and mining equipment trimmed its full-year outlook after its second-quarter earnings plunged 43%, a steeper decline than Wall Street's view.
America’s Worst Companies to Work For
There is a big divergence between corporate work environments in America, with firms offering different pay, benefits, and opportunities. Here's a look at the worst companies to work for, as compiled by 24/7 Wall St.
Northrop Reports Higher 2Q Earnings
Northrop Grumman, one of the largest U.S. weapons makers, reported higher 2Q earnings and raised its forecast for the full year, despite Pentagon budget cuts.
Diageo Gets Green Light for $358M China Deal
Diageo, the world’s biggest spirits maker, has received approval from Chinese authorities to move forward with the planned purchase of the 47% stake in Sichuan Chengdu Shuijingfang.
United Tech 2Q EPS Tops Views as Elevator, Engine Orders Rally
United Tech posted adjusted 2Q profits of $1.65 a share, topping expectations of $1.57 a share, while sales came in short of estimates.
Honeywell Scores 2Q Beat on Improved Margins
Honeywell revealed better-than-expected 2Q earnings, as efforts to streamline the diversified industrial company helped boost margins.
Whirlpool 2Q Sales Improve as EU Recovers
Whirlpool posted a jump in quarterly profits and boosted its full-year outlook.
GE Shares Climb on Slight 2Q Beat
GE posted lower adjusted earnings and weaker revenue, but scored a slight beat thanks to lower costs and improved margins.
Small Business Confidence Slips in June
U.S. small business optimism fell in June from its one-year high as an uncertain recovery continues to unfold.
Bank of NY Mellon Execs Win Forex Lawsuit Dismissal
Bank of New York Mellon officers and directors won the dismissal of a shareholder lawsuit accusing them of breaching their duties by letting the bank overcharge clients for trading currencies.
Crest Backs Sprint Over Cleawire Deal
Ending a long and noise fight, a major Clearwire stakeholder said it is backing Sprint Nextel's purchase of the rest of the company.
In Sign of Confidence, Dana Widens Buyback to $1B
The auto part manufacturer expanded its preexisting buyback on Friday by roughly $900 million to $1 billion, highlighting its confidence more than a year after emerging from bankruptcy.
Ralcorp Helps Boost ConAgra to 4Q Profit
The Hunt's ketchup maker returned to black in 4Q thanks to continued sales growth and the absence of last year’s significant debt-retirement charges.
After Drug-Ring Investigation, HSBC Cuts Team
HSBC's private bank in Switzerland is "dramatically" cutting its north Africa and Israel teams after a former employee was convicted of laundering money for Moroccan drug dealers, it said.
Despite Weaker 3Q, Monsanto Beats the Street
The world’s largest seed company reported a 3% drop in 3Q earnings amid weaker demand for its seeds and higher input costs, although the results beat Wall Street expectations.
Pfizer Says Shareholders Snap Up Remaining Zoetis Shares
Pfizer said enough shareholders offered to trade shares for stock in Pfizer's majority owned Zoetis to allow Pfizer to complete its spinoff of the unit.
Delta, Virgin Will Cross-Sell Tickets
Delta Air Lines said Monday it completed its purchase of a 49% stake in British airline Virgin Atlantic and added the two carriers plan to start cross-selling seats on each other's flights in July.








