Ford Expands Recall of F-150 Pickups to Nearly 1.2 Million
Under pressure from government safety regulators, Ford Motor Co. is expanding a recall of the popular F-150 pickup truck to include nearly 1.2 million vehicles that may have defective air bags.
The additional recall, announced Thursday by the National...
Hasbro First-Quarter Profit Drops 71%
Filed under: Hasbro Inc (HAS)Hasbro's hit battling-top game Beyblade couldn't rescue Hasbro's first quarter from pallid demand for other games and girls toys and spending to launch The Hub TV network.
Net income fell 71 percent and missed Wall Street ...
Silgan Buying Graham Packaging in $1.28 Billion Deal
Consumer packaging maker Silgan Holdings Inc. said Wednesday it will acquire Graham Packaging Co. in a cash-and-stock deal valued at $1.28 billion.
The companies say the deal will create a stronger force in creating packaging for beverage, food and con...
JPMorgan’s First-Quarter Profit Swells 67%
JPMorgan Chase & Co. (JPM) reported a 67 percent jump in first quarter earnings Wednesday on solid growth in investment banking fees and a drop in losses in its credit card portfolio.
The New York bank earned $5.6 billion, or $1.28 per share, comp...
Zipcar Revs Up for Its IPO
Zipcar Inc., the car-sharing company that rents rides for as little as an hour, is expected to get a warm reception from Wall Street for its planned initial public offering this week.
Its supporters think skyrocketing gas prices will make car sharing ...
Nokia Launches New Symbian Smartphones
Filed under: Nokia Corp. (NOK)Nokia Corp. on Tuesday launched its first smartphones to run on the updated Symbian software with new icons, enhancements and a faster browser.
Nokia said the two models - the E6 and X7 - have longer battery life, bett...
Cisco to Exit Flip Video-Cam Business
Filed under: Cisco Systems (CSCO)Cisco Systems Inc., (CSCO) the world's largest maker of computer networking gear, on Tuesday said it's killing its Flip camcorder business as part of a reversal of years of efforts at diversifying into consumer products...
Alcoa Kicks Off Earnings Season With Improved Sales
Filed under: Earnings Reports, Alcoa Inc (AA)Alcoa Inc. (AA) said Monday it turned a first-quarter profit on stronger sales at higher prices that were offset by a weaker dollar and higher costs for energy and raw materials.
Alcoa said business improve...
Level 3 to Acquire Global Crossing for $2 Billion
Filed under: Level 3 Communications (LVLT)Level 3 Communications Inc. said Monday that it is buying Global Crossing Ltd. for $2 billion, joining two major long-distance telecommunications networks that carry massive amounts of Internet and other dat...
NYSE Rejects Nasdaq-ICE Takeover Bid
Filed under: NASDAQNasdaq and IntercontinentalExchange said their $11.3 billion bid for NYSE Euronext was rejected without any talks with the exchanges.
Nasdaq OMX Group Inc. CEO Robert Greifeld said in a statement late Sunday that feedback from NYS...
Viacom Pulls Channels from iPad App Raising Stakes in the Streaming Standoff
Filed under: Apple Inc (AAPL), Viacom (VIA)Viacom was one of the content owners that pulled its channels from Time Warner Cable's iPad app recently. This combined with its changing stance regarding Hulu points to the growing friction between content o...
