McCormick & Company Inc. said Tuesday, its first quarter sells revenue declined 1% and its profit increased 12 %, due to Lawry’s acquisition and consumers cutting back to save money, Alan D. Wilson, President and CEO said.
Stocks fell on Friday, as long-standing worries about the health of the banking system resurfaced and a brokerage said American Express may post yearly losses and cut its dividend.
Xerox Corp , the world's top supplier of digital printer and document management services, warned first-quarter earnings will fall far short of its earlier forecast as a slowdown in technology spending undercuts revenue.
Xerox Corp, the world's top supplier of digital printer and document management services, warned on Friday that first-quarter earnings will fall far short of its earlier expectations, as a slowdown in technology spending undercuts revenue.
By Rafael Nam
Stocks slipped on Thursday due to a drag from 3M Co, profit-taking in financials and unease about the implications of the Federal Reserve's action to flood the financial system with cash.
The role of the U.S. dollar as the key global currency will decline after the financial crisis, and its value may also weaken due to America's current account deficit, officials at some of Asia's top think tanks said.
Wachovia Capital Markets downgraded Sprint Nextel Corp to market perform from outperform, citing higher churn at the company's iDen customer segment in the first quarter, sending its shares down 9 percent.
U.S. wholesale inventories fell for the fifth consecutive month in January and sales plummeted amid a slump in demand, a government report showed on Tuesday.
Lloyds Banking Group starts meeting investors on Monday to garner support for its plan to insure 260 billion pounds ($370 billion) of risky assets with the UK government, which further dilutes shareholders and sent its shares tumbling.
Denise Blackerby is hitting the road again. When retail gas prices scaled historic peaks above $4 a gallon last year, she found she could no longer make monthly trips from the Dallas area to Houston in her Ford Explorer SUV to visit her family.
U.S. employers axed 651,000 jobs in February, pushing the unemployment rate to its highest in 25 years, as companies buckled under the strain of a recession that is showing no signs of ending, according to a government report.
Asia stocks slid on Friday after a warning from General Motors' that it may need to file for bankruptcy drove Wall Street shares to 12-year lows and highlighted the severe troubles of major U.S. companies and banks.
U.S. business productivity fell in the fourth quarter as output plunged at its fastest pace since 1982, while one in eight U.S. households ended 2008 behind on its mortgage or in foreclosure, according to data on Thursday that underscored the economy's weakness.
Oil fell more than a dollar to below $44 on Thursday as a record drop in euro zone economic performance heightened expectations that fuel consumption would shrink further.
The euro and European shares slipped on Thursday ahead of expected interest rate cuts by the euro zone and British central banks, while Asian shares dipped on disappointment China did not announce new stimulus plans.
General Electric Co's shares fell more than 15 percent on Wednesday, trading below $6 for the first time since 1991, as investors' anxiety about its hefty GE Capital arm continued to swirl.
General Electric Co's shares fell more than 15 percent on Wednesday, trading below $6 for the first time since 1991, as investors' anxiety about its hefty GE Capital arm continued to swirl.
General Electric Co's shares fell more than 15 percent on Wednesday, trading below $6 for the first time since 1991, as investors' anxiety about its hefty GE Capital arm continued to swirl.
U.S. auto sales dropped by more than 41 percent in February to the lowest level in almost three decades as deepening economic uncertainty drove Americans away from big purchases and new debt despite aggressive discounts from major automakers.
Oil hovered above $40 a barrel on Tuesday, after slumping 10 percent overnight as the deepening global recession threatened to crimp energy demand further, outweighing OPEC's strong compliance with supply curbs.
HSBC launched a 12.5 billion pound ($17.75 billion) rights issue on Monday to shore up its balance sheet after annual profit fell and as bad debts soared in the United States.
