Joseph Orovic

271-300 (out of 471)

India Bans Cotton Exports Without Explanation

India announced on Monday an immediate ban on all cotton exports until further notice, cutting off the world's second-largest exporter of cotton, in an unexplained move that could limit global supplies and drive up prices.

Big Lots 4Q up 4.2%, but Full Year is Down

Big Lots (NYSE: BIG) reported on Friday a 4.2 percent increase in its fiscal fourth quarter profits, beating analysts' expectations through high demand for its discounted products.

Precious Metals, Miners Suffer After Bernanke's Good News

Precious metals and the broader market headed in opposite directions Wednesday, with gold taking its biggest single-day dive in two-and-a-half months, as a February full of good economic news helped drive the price of precious metals down on the day and month as a whole.

Toyota To Ramp Up Production In Thailand

Toyota Motor Corp. (NSYE: TM) announced Wednesday it will increase the output of its Thai engine-building subsidiary Siam Toyota Manufacturing Co. in 2014, in an effort to meet growing demand in Asia.

CVC Capital Agrees To Buy Ahlsell

Private equity firm CVC Capital Partners announced on Wednesday the 1.8 billion euro ($2.4 billion) acquisition of technical products wholesaler Ahlsell from Cinven and Goldman Sachs Capital Partners, marking Europe's largest private equity deal in almost a year.

Obama Creates Trade Enforcement Unit

President Barack Obama will sign an executive order on Tuesday creating a new trade enforcement agency to ensure the nation's trading partners, namely China, play fair.

Durable-Goods Orders Drop 4% in Jan, Biggest Fall In 3 Years

Orders for U.S. factory goods fell in January, as demand for items including machinery and aircraft fell. The decline of 4 percent is the steepest since January 2009, ending two consecutive months of increases and suggesting the economy might not be quite as robust as many experts have believed.

Study: Consumers Ignore Nutrition Labels, Go For What's Tasty

When Congress passed the Nutrition Labeling and Education Act of 1993, the original intention was to increase consumers' awareness of food. But a new study conducted by three academics at Duke University has found government's good intentions cannot stop companies from making junk food -- nor will it stop Americans from buying said products.

Centrica, British Gas Parent, Cuts 2,300 Jobs

Centrica, parent company of British Gas, slashed 2,300 jobs in an effort to save £500 million ($784.9 million) on the heels of disappointing profits brought down by a mild winter lowering household energy consumption.

European Commission Predicts Recessionary 2012 For Euro Zone

The euro zone area will fall back into recession this year due to the contracting economies of Greece, Italy and Spain, the administrative arm of the European Union said Thursday, abandoning its earlier prediction that recession will be avoided.

Limited Brands EPS Rose in 2011

Limited Brands (LTD), parent company of Victoria's Secret, Bath and Body Works and La Senza, reported on Wednesday an decrease in annual operating income and but increase in earnings per share, boosted by a 10 percent increase in same-store sales and a buyback of shares.

Fitch Downgrades J.C. Penney To 'Junk' Status

Fitch Ratings downgraded J.C. Penney's debt rating to junk levels, expressing skepticism about the retailer's ability to reverse declining revenue trends with a highly-publicized makeover.

Retailers Showcase Mixed 2011 Results

A flood of earnings reports Tuesday morning showed a mixed bag for the broader economy, with select companies coming up short, though retailers generally enjoyed a bounce-back 2011.

Carlsberg To Buy Brewer Baltika After Weak 2011 In Russia

Carlsberg (CARLB) announced on Monday it will assume full control of Baltika Brewery (PKBA), spending $1.5 billion to buy the Russian brewer outright, after losing market share in the nation last year and anticipating a flat European market in 2012.

Samsung To Spin Off LCD Biz

Samsung Electronics will spin off its liquid crystal display division, dumping an unprofitable segment as the company shifts its focus towards thinner displays.

CFPB Aims to Regulate Debt Collectors, Credit Bureaus

The Consumer Financial Protection Bureau proposed a rule to include consumer reporting agencies and debt collectors in its efforts to supervise nonbank financial companies. The rule's passage would put those sectors of the lending industry under the umbrella of federal oversight for the first time.

Pages