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By Renee Dudley, Bloomberg |
May 16, 2013
Wal-Mart Stores Inc., the world’s largest retailer, forecast second-quarter profit that was less than analysts estimated as consumers struggle amid the slow U.S. economy and higher taxes.
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By Renee Dudley and Carol Hymowitz, Bloomberg |
May 8, 2013
As Wal-Mart Stores Inc. prepares to anoint the fifth chief executive in its history, the world’s largest retailer is grappling with challenges founder Sam Walton never faced.
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By Leslie Patton, Bloomberg |
April 19, 2013
McDonald’s Corp., the world’s largest restaurant chain by sales, posted first-quarter profit that was little changed as same-store sales dropped in the U.S. for the first time since 2003 amid soft global demand.
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By Laura Marcinek and Donal Griffin, Bloomberg |
April 19, 2013
Bank of America Corp. and JPMorgan Chase & Co. led the six largest U.S. banks in boosting combined first-quarter profit 45%. Investors dumped the stocks.
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By Bradley Olson, Bloomberg |
December 13, 2012
Phillips 66, the crude refiner that was spun off from ConocoPhillips in May, plans to raise as much as $400 million in an initial public offering next year for a minority interest in some of its pipeline and logistics assets.
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By Leslie Patton, Bloomberg |
November 2, 2012
Starbucks Corp., the world’s largest coffee-shop operator, rose in the most in 19 months after yesterday reporting fourth-quarter profit increased as new products helped boost U.S. sales.
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By Max Abelson, Bloomberg |
October 3, 2012
The combined $63 billion in profit reported by the six largest U.S. lenders over the four quarters through June is more than they earned in any calendar year since the peak in 2006.
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By Christopher Condon, Bloomberg |
July 17, 2012
State Street Corp., the third- largest custody bank, agreed to buy the hedge-fund administration unit of Goldman Sachs Group Inc. to boost growth as second-quarter revenue fell amid declining global markets and record low interest rates.
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By Michael J. Moore, Bloomberg |
June 11, 2012
Wall Street bankers and traders, given hope by a market rebound in the first quarter, are now seeing earnings and paychecks threatened by turmoil in Greece in what is becoming an annual cycle.
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By Leslie Patton, Bloomberg |
April 25, 2012
Coca-Cola Co., the world’s largest soft-drink maker, voted to recommend a two-for-one stock split to keep the shares available to smaller investors.
