Industrials

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.

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.

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.

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.

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. 

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.

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.