General Motors Corp said it reached a tentative deal to sell its Hummer brand, part of an effort to drop four unprofitable vehicle lines and leave bankruptcy as a leaner company.
Pending sales of previously owned U.S. homes in April unexpectedly saw their biggest monthly gain in 7-1/2 years, a report from a trade group on Tuesday showed, buttressing views the U.S. recession was easing.
Organic and natural foods distributor United Natural Foods Inc's quarterly profit beat market expectations on tighter expense control and lower fuel costs, and the company raised its 2009 earnings outlook.
Dollar General Corp reported a sharply higher quarterly profit on Tuesday, as cost-conscious consumers flocked to the discount retailer's stores for bargains in the recession.
Diversified U.S. manufacturer Honeywell International Inc said on Tuesday it had landed a contract worth up to $700 million over 10 years to provide logistical services to the U.S. Marine Corps.
GM is set to announce the sale of Hummer for $100-$200 million at some point today, marking the most anyone paid for one of those since Eliot Spitzer.
General Motors Corp expects to have a 'very healthy' cash balance when it emerges from bankruptcy court protection in the next 60 to 90 days as a leaner company, its chief financial officer said on Tuesday.
Pepsi Bottling Group raised its earnings forecast for the current quarter and full year on Tuesday, citing improved U.S. soft drink sales, lower commodity costs and less volatility in currency exchange rates.
Express Scripts Inc launched a public offering of 23 million shares on Tuesday to raise money to finance its acquisition of WellPoint Inc's drug benefits unit.
General Motors Corp said it had reached a preliminary deal to sell its Hummer brand, part of its effort to shed half of its eight U.S. lines and leave bankruptcy court protection as a leaner company.
Express Scripts Inc launched a public offering of 23 million shares on Tuesday to raise money to finance its acquisition of WellPoint Inc's drug benefits unit.
British identity checking business GB Group Plc is comfortable with analysts' forecasts for its current financial year, helped by growth across all areas of the business, Chief Executive Richard Law said.
U.S. stock index futures pointed to a flat open on Wall Street on Tuesday as investors awaited key housing data a day after the S&P 500 index jumped to its highest close in seven months.
WPP Plc, the world's largest advertising group, said like-for-like revenue in the first four months of the year dropped 6.7 percent after trading worsened in April.
General Motors Corp is about to open the door on the biggest garage sale in U.S. industrial history.
Bank Hapoalim, Israel's second-largest bank, said on Tuesday it raised a total of 1.6 billion shekels ($408 million) in a two-part offering of deferred capital notes.
American International Group Inc said on Tuesday it agreed to sell its consumer finance operations in Argentina to Banco de Galicia y Buenos Aires and an investment group arranged by Grupo Pegasus.
Electronics and appliance retailer hhgregg Inc posted a 34 percent jump in quarterly profit, but forecast full-year earnings below market estimates, fearing weak sales.
General Motors Corp on Monday set closure dates for nine factories and three part distribution centers while announcing three factories would go into standby capacity.
General Motors Corp is about to open the door on the biggest garage sale in U.S. industrial history.
Overhauling the U.S. healthcare system to contain soaring costs and expand medical coverage to the uninsured would help boost U.S. economic output, lower budget deficits and raise workers' incomes, a White House report said on Tuesday.
General Motors Corp said Tuesday it has found a buyer for its off-road brand Hummer just a day after it filed for bankruptcy protection as it seeks to quickly exit the court supervised process and emerge with less debt and only its strongest brands, Chevy, Cadillac, GMC and Buick.
At 8:15 a.m. ET on Monday, a General Motors executive gave hourly workers at its assembly plant here the news they feared most: the plant would close by October, robbing most of them of their jobs.
Express Scripts Inc said on Tuesday it was offering 23 million of its shares to the public to raise money to finance its acquisition of WellPoint Inc's drug benefits unit.
Walgreen Co said on Tuesday that sales at stores open at least a year rose 1 percent, missing analysts expectations, with weaker-than-expected sales at its pharmacy counters.
General Motors Corp filed for bankruptcy on Monday as the Obama administration took the first steps to try to revive a failed icon of American industry by extending unprecedented federal funding and oversight.
General Motors said on Tuesday that it had entered into a memorandum of understanding to sell its Hummer brand, but didn't name the buyer or say how much money it would get for the all-SUV line.
British entrepreneur Richard Branson, founder and president of Virgin Atlantic Airways , said on Tuesday he believes it is unlikely that all big U.S. airlines will survive the next 12 to 18 months.
General Motors said on Tuesday that it had entered into a memorandum of understanding to sell its Hummer brand, but didn't name the buyer or say how much money it would get for the all-SUV line.
Despite Memorial Day sales, warmer weather and deals such as $1 flip-flops, most U.S. retailers are expected to post declines in same-store sales in May as shoppers kept hunting for bargains in the recession.
