Industries > Consumer Goods
Japanese automaker Nissan says its profit jumped 95 percent in the fiscal fourth quarter on healthy overseas sales. Nissan Motor Co. said Tuesday its January-March profit rose to 137.6 billion yen (US$1.3 billion; euro840 million) from 82.2 billion yen in the same period the previous year.
Honda's new hydrogen-powered vehicle, set for leasing within a few months, radically reduced the sizes of its fuel cell and motor for a superclean car with the same interior space as a regular car, engineers said Tuesday.
The earthquake that devastated parts of central China's Sichuan province will likely have a limited impact on the country's booming economy, analysts said Tuesday, though repercussions were seen across the region.
Toyota has delayed plans to begin production at a new auto assembly plant in Mississippi after considering the slowing U.S. economy, a senior Toyota executive said on Monday.
General Motors Corp. plans to close its Windsor, Ontario, transmission factory in the second quarter of 2010, the automaker said Monday. Company spokesman Stew Low said about 1,400 hourly and salaried employees work at the facility making four-speed automatic transmissions for front-wheel-drive vehi...
Among the earnings stories for Monday, May 12, from AP Financial News: SANTA ANA, Calif. (AP) _ Fuel Systems Solutions Inc. on Monday said its first-quarter profit ballooned more than sixfold to widely beat Wall Street expectations, and raised its full-year guidance.
Troubled homebuilder Beazer Homes USA Inc. said Monday it restated financial results for several prior-year periods and reported that it swung to a hefty loss in its fiscal fourth-quarter of 2007 amid a steep decline in revenue and home closings.
An additional 700 potential victims nationwide, ranging from food companies to newspapers, have been named in a massive fraud scheme involving the nation's largest coupon company.
Anheuser-Busch Cos. spent $820,000 to lobby on legislation related to cutting taxes on beer and other issues related to the malt beverage industry in the first quarter of the year.
The Association of International Automobile Manufacturers spent $280,000 in the first quarter to lobby on federal trade agreements and other issues, according to a disclosure form.
The chief financial officer of Tyson Foods Inc., Wade Miquelon, is leaving the company to take a similar job at Walgreen Co., the nation's largest retail pharmacy chain, according to an announcement Monday from Tyson Foods.
Shares of Darling International Inc. fell Monday after an Avondale analyst cut his rating on the food byproducts processor, saying its stock is approaching a fair price in the wake of strong first-quarter earnings results last week.
Apparel maker The Warnaco Group Inc. on Monday raised its fiscal-year guidance, partly because of strong Calvin Klein business. The company now expects earnings per share from continuing operations to be between $2.65 and $2.75 per share, excluding one-time charges. Previously the company expected a...
DTS Inc., which makes audio parts for speakers, DVD players and computers, said Monday it sold its digital cinema business to Beaufort California Inc., a member of U.K.-based Beaufort International Group PLC.
DTS Inc., which makes audio parts for speakers, DVD players and computers, said Monday it swung to a first-quarter profit, crediting a jump in demand for high definition products.
Household durables stocks rose with the broader market Monday, as oil prices dropped and the dollar advanced, easing concern about inflation. Here's how some stocks of household durables companies traded:
The president of Estee Lauder Cos., one of the world's top cosmetics makers, exercised options for 33,333 shares and then sold 38,294 shares of common stock, according to a Securities and Exchange Commission filing Friday.
Tribune Co. sealed a deal to sell its Long Island newspaper Newsday to Cablevision Systems Corp. for $650 million, the companies said on Monday.
Shares of Fossil Inc. rose on Monday after an analyst said the watch maker is likely to beat first-quarter expectations due to the benefit of a weaker dollar, and reiterated her "Buy" rating on the stock.
Credit-ratings agency Standard & Poor's Ratings Service on Monday raised ratings on apparel maker Hanesbrands Inc. to reflect positive operating momentum since the company's 2006 spinoff from food maker Sara Lee Corp.
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