Verizon Communications plans to take up to $10 billion worth of charges in the fourth quarter tied to pension liabilities as well as about $1 billion of Hurricane Sandy-related costs.
Shares of blue-chip conglomerate 3M rallied on an upbeat outlook for 2014 earnings and share repurchases.
Wall Street slammed Coach on Wednesday, sending the handbag maker’s stock plunging 16% after it disclosed a weaker-than-expected 1.5% rise in fourth-quarter profits amid slowing North American sales.
In its first major move since being acquired by Japan’s Softbank, Sprint Nextel revealed a deal to take majority control of 4G broadband network provider Clearwire for about $100 million.
Slammed by a 28% dive in sales and shrinking margins, struggling department store J.C. Penney disclosed a weaker-than-expected fourth-quarter loss of more than $500 million.
The Supreme Court upheld it, but the health-care industry still remains uncertain about the impact of President Obama's landmark health-care reform.
Just days after a key $3 billion television contract was nixed by Major League Baseball, the debt-ridden Los Angeles Dodgers reportedly filed for Chapter 11 bankruptcy on Monday.
Hostess Brands, the maker of Wonder Bread and Twinkies, said in a court filing that it will wind down operations and sell its assets after a fight with labor unions.
Dropbox added former U.S. Secretary of State Condoleezza Rice to its board of directors as part of a broader revamp of the Silicon Valley startup’s leadership team.