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.
Morgan Stanley to Exit Commodities Markets
Morgan Stanley will trim its commodities division by exiting areas such as trading of agricultural products, and freight following similar steps by other banks due to a poor outlook for revenue.
Kodak Lines Up $895 Million in Financing, Nears Exit
Kodak secured post-emergence credit facilities of up to $895 million with J.P. Morgan, Bank of America Merrill Lynch and Barclays.
Adobe 2Q Profits Beat Street View
Adobe revealed adjusted 2Q profits of 36 cents a share, topping the Street’s expectations by three cents. Sales of $1.01 billion matched forecasts.
Weyerhaeuser Adds to Forest Holdings, Weighs Options for Real Estate Unit
The forest-products company announced a slew of moves early this week, including a $2.65 billion deal to purchase Longview Timber and its 645,000 acres of timberlands in Washington and Oregon.
Lululemon Seeks 'Head Boss Person'
Yoga gear maker Lululemon wants a "head boss person" who can communicate in Sanskrit, hold a headstand for at least 10 minutes and is ready to break the rules.
Despite 2Q Miss, Navistar Gets Upgrade From BMO
Even though its second-quarter earnings came in below expectations, the truck maker received some bullish support from an analyst.
Dimon Defends Disclosures in Whale Episode
J.P. Morgan's Jamie Dimon on Tuesday defended the disclosures the bank made last year about its London Whale derivatives loss.
California Almonds, What's Next?: Almond Innovation Center
Imagination is meeting science for California's almond industry, as Blue Diamond Almond Growers have opened up the world's first and only Almond Innovation Center.
Aqua Man To The Rescue
An estimated 240,000 water mains break every year in the U.S. There are a handful of publicly traded water companies, and about 30,000 smaller private suppliers forming a highly fragmented industry ripe for consolidation.
Moody's Drops Alcoa to Junk Territory Amid Aluminum Struggles
Moody’s downgraded Alcoa’s credit rating to junk status, delivering a rebuke to the blue-chip company amid continued challenges in the aluminum industry.
Monsanto Again Hikes Full-Year Outlook, Projects 3Q Miss
The world's largest seed maker upped its full-year outlook but forecasted below-consensus quarterly EPS.
China's Shuanghui Buys Smithfield Foods for $4.8B
China's Shuanghui Group has agreed to buy Smithfield Foods for around $5 billion in cash, or $7.1 billion including its debt.
P&G Chairman, CEO to Retire in June
Procter & Gamble Chairman and CEO Bob McDonald will retire in June and be succeeded in both roles by A.G. Lafley, who is re-joining the company.
Deere 2Q Results Beat Street, But Cautious Outlook Pressures Shares
Deere revealed a second-quarter beat on the top and bottom lines but unveiled a cautious short-term outlook.
Three Taken Into Custody in Boston Bomb Case
Three additional suspects have been taken into custody in the investigation of last month's bombings at the Boston Marathon, the Boston Police Department said in its official Twitter feed on Wednesday.










