Wal-Mart's Sam's Club is going to open a business center focused solely to serve its small business customers, the company's executives said on Thursday.
Ford Motor Co. said Thursday it will cut salaried employee costs by 15 percent by August 1 and some people will loose their jobs.
Novartis AG said Thursday the U.S. Food and Drug Administration approved the osteoporosis drug Reclast which prevent new fractures in patients following a hip fracture.
Wal-Mart Stores Inc., the world's largest retailer, and Costco Wholesale Corp. reported a better-than-expected rise in May sales s record gasoline and food prices led shoppers to prefer discount chains.
Continental Airlines said Thursday it will cut 3,000 jobs, or 6.7 percent of its 45,000 employees; retire 67 mainline aircraft; and reduce mainline flights because of soaring fuel costs, making it the second major airline this week to announce cutbacks.
Martek Biosciences Corp. said on Wednesday its second quarter net income was $9.2 million or 28 cents a share, surpassing analysts forecasts.
Sequenom Inc. provider of genetic analysis and services said on Wednesday that its device to detect Down syndrome in a prenatal stage, showed no margin of error when tested in 200 samples and sent its shares up over 20 percent.
ADC Telecommunications said late Wednesday its fiscal second-quarter profit declined, citing a surge in expenses but offered a rosier outlook for the year.
U.S. office supplies giant Staples Inc. said late Wednesday that its subsidiary Staples Acquisition B.V. has entered into agreements to buy an additional 12.3 percent of Corporate Express NV's shares in its hostile bid for the Dutch office products company.
UAL Corp.'s United Airlines, the world's second-largest carrier, said Wednesday it will shut its low-fare Ted airline, ground 100 fuel-inefficient planes and cut 1,400 to 1,600 salaried management jobs to help counter record fuel costs.
American Express Co. on Wednesday affirmed its full-year profit, sending its shares up nearly three percent.
Boston Scientific Corp. said on Tuesday that its president and chief executive officer Jim Tobin will be extending his tenure at the company and the he plans to remain in the role for the foreseeable future.
Guess Inc, the apparel and accessories retailer, jumped nearly 7 percent on Tuesday after reporting better than expected first quarter earnings on strong Europe and Asia sales while boosting its full-year earnings outlook.
Amid soaring crude oil prices and weak demand, General Motors, Toyota, Ford, and Chrysler reported declining sales in May but Honda sales jumped.
HLTH Corp., a provider of health information services, said Tuesday that it agreed to sell its ViPS segment to General Dynamics Information Technology, Inc., a wholly-owned subsidiary of General Dynamics Corporation (NYSE:GD) for $225 million in cash.
Borders Group Inc. said on Tuesday it will slash 274 jobs which represent 20 percent of its corporate positions in an attempt to save $120 million a year.
J.M. Smucker is expected to seal a deal later this week to buy the Folgers coffee business from Procter & Gamble in an all-stock transaction, according to media reports.
Homebuilder Hovnanian Enterprises Inc. late Tuesday said its second-quarter losses grew tenfold from a year earlier on hefty charges amid the mortgage-fueled credit crunch.
UAL Corp. said late Tuesday that traffic at its subsidiary United Airlines fell 4.1 percent as a result of higher fuel costs and a weaker economy.
Lehman Brothers Holdings Inc may need to raise billions of dollars in new capital as it prepares to report a loss in its first quarter, according to a report.
Five deaths and 720 adverse reactions in the U.K. were linked to the anti-obesity drug Acomplia made by Sanofi Aventis SA, said a regulator in the country.
Staples Inc. announced Tuesday it has increased its offer to buy Corporate Express for $14.23 per share and sealed commitments from almost a quarter of holders of the Dutch company.
General Motors Corp. said Tuesday it would close four North American plants, amid a steep drop in U.S. sales of pickup trucks and sport-utility vehicles as fuel prices continue to soar, increasing investment in smaller cars and passenger vehicles.
Winnebago Industries Inc. said on Monday it will close one of its factories in Charles City, Iowa, where the company makes class C motor homes, eliminating an estimated of 270 jobs.
Tyson Foods Inc. said on Monday it will voluntarily withdraw its labels reading raised without antibiotics on its chicken products, after a dispute with U.S. regulators and company rivals over misleading information.
Drug developer Novartis said on Monday it may offer a novel treatment strategy for patients with breast cancer through its compound RAD001 which enhances the efficacy of treatments or overcomes resistance to some of them.
General Motors Corp. is expected to unveil steps on Tuesday to conserve cash and cut production of slower-selling models but is not likely to cut its dividend as part of its overall restructuring effort, the Wall Street Journal reported in its online edition late Monday, citing people familiar with the company's plan.
FedEx Corporation said after the close of regular trading Monday that it will stop using FedEx Kinko's name on its copy and office service store and record a charge of about $891 million to change its name of FedEx Office.
China's government mandated telecommunications shakeup took another step to completion on Monday as three firms announced deals that officials hope will boost competition.
Morgan Stanley, Merrill Lynch & Co. and Lehman Brothers Holdings Inc. had their credit ratings cut on Monday by Standard & Poor's on concerns that continued weakness in the sector could lead to more write-offs.
