Pfizer Inc. on Wednesday reported lower-than-expected quarterly earnings on competition with generics, and said global sales of cholesterol fighter Lipitor fell 13 percent amid slipping demand for the company's flagship product.
Set the dining table, light some candles and crack open a nice bag of wine.
Delta Air Lines Inc., which emerged from bankruptcy at the end of April, said on Wednesday that quarterly earnings surged on one-time reorganization items.
JPMorgan Chase & Co. said on Wednesday it tripled the amount it set aside for loan losses as home equity borrowers missed payments, hurting the bank's second-quarter net income growth.
Altria Group Inc. posted lower quarterly profit on Wednesday, due in part to costs for closing a U.S. cigarette plant as it moves some production to Europe to cut costs and reduce excess capacity.
The board of Dow Jones & Co. Inc. endorsed on Tuesday a $5 billion buyout offer from Rupert Murdoch's News Corp., sending the deal to the controlling Bancroft family for final approval.
The chief executive of Whole Foods Market Inc. apologized to shareholders on Tuesday for anonymously posting comments about his company on the Internet as the organic and natural foods grocer said the U.S. Securities and Exchange Commission had launched a probe into the matter.
Indian consumer goods major Videocon has set its sight on entering the US market in a couple of years, with a possible Nasaq listing, the company’s chairman said.
Credit Suisse is buying up to 15 percent in Park Hotels in a deal worth up to $55 million, according to reports.
Coca-Cola Co. posted higher-than-expected quarterly profit on Tuesday, helped by strength in its developing China and India markets, and moderate gains in mature markets such as Germany and Japan.
Johnson & Johnson on Tuesday stuck with its 2007 earnings forecast despite surprisingly strong second-quarter results, sending shares down more than 1.7 percent.
Discount brokerage Charles Schwab Corp. posted a 16 percent increase in second-quarter profit on Tuesday as new policies to attract clients paid off.
Drugmaker Forest Laboratories Inc. (NYSE: FRX) posted a 34 percent rise in quarterly profit on Tuesday, beating Wall Street estimates, helped by rising sales of its Alzheimer's disease medicine.
McDonald's Corp.'s chief executive sees plenty of room to increase U.S. sales and said it continues to review its debt levels, which it will discuss on a conference call with analysts next week.
Chemical maker Basell said on Tuesday it would buy Lyondell Chemical Co. for about $12.14 billion, giving it access to Lyondell's commodity assets and refining capacity. Basell has been seeking acquisitions in the chemical sector and was last week trumped by Apollo Management's Hexion Specialty Chemicals in a bid for Huntsman Corp.
Swiss chocolate maker Barry Callebaut said that it has signed a supply and development partnership deal with the Hershey Company.
A company director made the statement after the firm made a decision to scrap contracts with two of its suppliers
Publisher Houghton Mifflin Co. said it agreed to buy Harcourt, the education arm of rival Reed Elsevier Plc for $4 billion.
News Corp. has reached a tentative deal to buy Dow Jones & Co. Inc., parent company of the Wall Street Journal, for $5 billion, the Journal reported late Monday. The Dow Jones board will meet on Tuesday to consider the $60-a-share offer after negotiators reached an agreement in principle Monday afternoon.
SunRocket Inc., the second largest supplier of Internet phone services shut down its business on Monday without notifying its customers, which total more than 200,000.
Barclays is planning to sweeten its offer for ABN AMRO after a consortium of rivals led by Royal Bank of Scotland revised its bid for the Dutch bank, the Financial Times said on Tuesday.
A unit of private equity giant Blackstone Group will buy knee and ankle brace maker DJO Inc. for $1.3 billion, the companies said on Monday.
It's costing a small fortune to keep the secret safe, as security measures increase ahead of this week's book release.
The hedge fund run by activist investor William Ackman said on Monday it now owns a 9.6 percent stake in Target Corp., adding the discount retailer to its small list of closely watched investments.
Wireless telecommunications company Vodafone Group Plc denied a report that it was considering a $160 billion bid for Verizon Communications Inc., a move that would consolidate ownership of their wireless joint venture.
IHOP Corp. said on Monday it plans to buy Applebee's International Inc. for $25.50 per share, as the newly restructured company seeks growth outside its iconic pancake chain. The companies said the all-cash deal, which represents a 4.6 percent premium to Applebee's closing price on Friday, was worth $2.1 billion.
McDonald's Corp. said on Monday it expects to report quarterly earnings above Wall Street estimates on its strongest quarterly sales in three years.
The owner of Dubai stock exchange is preparing an offer for Nordic stock market group OMX, rivaling the proposed $3.7 billion merger between OMX and U.S. group Nasdaq, Telegraph.co.uk reported on Sunday.
Ford Motor Co. is considering selling its Volvo Cars business as it assesses the future of its European operations, a source familiar with the matter said on Sunday.
The takeover battle for ABN AMRO heated up on Monday with the Royal Bank of Scotland consortium boosting the cash element of its 71.1 billion-euro ($98 billion) offer. The offer is above a rival all-stock bid from Britain's Barclays that is worth about 64 billion euros, which has been recommended by ABN's board.
