More than two dozen diesel car models made by BMW, Chrysler, General Motors, Land Rover and Mercedes-Benz are under scrutiny as the US regulator that exposed Volkswagen’s rigging of emissions tests probes …
Albertsons Cos., the U.S. supermarket chain with more than 2,000 stores backed by Cerberus Capital Management, said it plans to raise about $1.53 billion in an initial public offering. The sales will consist …
Ben Bernanke recalls the September weekend in 2008 when regulators sought desperately but in vain to save the investment bank Lehman Brothers as a “terrible, surreal moment.” “We were staring …
Join Midday Movers live now for the latest news on the markets, the economy and the biggest stories of the day.
Think Apple’s going higher? Goldman’s options team has the trade for you.
General Motors Co told Wall Street on Thursday that its recovery is gathering momentum with improving margins, strong brands, new markets for high-tech vehicles, and prospects for stronger profits in coming years. The No. 1 U.S. automaker said it is targeting an increase in earnings per share to between $5 and $5.50 per share before items, from the $4.50 per share that Wall Street analysts expect for this year. GM
Shares of the company, which said it would close the stores this year and in 2016, fell as much as 13 percent on Thursday. Dunkin’ estimated a growth of 1.1 percent in comparable sales at its U.S. Dunkin’ Donuts stores in the quarter ended September compared with a 2 percent rise a year earlier. The company said the stores being closed accounted for 0.1 percent of its U.S. sales.
Major automakers booked double-digit sales gains last month in the U.S. market, helped by strong growth from key brands like Jeep and a later Labor Day holiday. Ford saw 23 percent sales growth in September, …
Five years after United Airlines and Continental merged, the company’s new CEO declared in a public letter that the combined company has failed to live up to the expectations of both fliers and United’s …
We’ve seen the “expected” reduction in public expectations given the market realities.