Business News

Analog Devices 4Q earnings fall; 1Q outlook upbeat

AP - Tuesday, November 24

NORWOOD, Mass. - Chipmaker Analog Devices Inc. said Monday its net income fell 27 percent in the fiscal fourth quarter, as demand declined for semiconductors in its industrial and communications business. More »

  • KBR to bid for part of $3B Air Force contract

    AP - Tuesday, November 24

    HOUSTON - Defense contractor KBR said Monday the U.S. Air Force has asked it to bid for future task orders under the Worldwide Environmental Restoration and Construction program.

  • Freddie Mac: Taylor, Bean loss may be significant

    AP - Tuesday, November 24

    NEW YORK - Mortgage finance company Freddie Mac said Monday it could lose $500 million or more as a result of the bankruptcy protection filing of Taylor, Bean & Whitaker Mortgage Corp.

  • Treasurys recover, rise on strong demand

    AP - Tuesday, November 24

    NEW YORK - Treasury prices recovered from early losses Monday as investors took advantage of a dip in prices to add more government debt to their portfolios.

  • Treasury bond market at a glance

    AP - Tuesday, November 24

    Key barometers in the Treasury market late Monday, compared with late Friday.

  • Late payments on credit cards drop in 3rd quarter

    AP - Tuesday, November 24

    NEW YORK - Consumers got more serious about paying down their credit card debt this summer, a time when deliquencies usually go up.

  • Gladstone to create class of senior shares

    AP - Tuesday, November 24

    MCLEAN, Va. - Gladstone Commercial Corp., a real estate investment trust, said Monday it will create a new class of ownership by offering senior common shares in a private sale.

  • Earnings roundup: Tyson Foods, Inter Parfums

    AP - Tuesday, November 24

    Among the earnings stories for Monday, Nov. 23, from AP Financial News:

  • Dynex buys Deutsche Bank share of joint venture

    AP - Tuesday, November 24

    GLEN ALLEN, Va. - Dynex Capital Inc., a mortgage real estate investment trust, said Monday its subsidiary, Issued Holdings Capital Corp., has bought Deutsche Bank's shares of a joint venture for $9.5 million in cash, giving Dynex 99.75 percent ownership.

  • Gas prices fall to begin busy travel week

    AP - Tuesday, November 24

    Retail gasoline prices headed downward in most places to begin one of the country's busiest travel weeks, with more than 33 million people expected to hit the road for the Thanksgiving holiday.

  • Inter Parfums posts 3rd-quarter profit

    AP - Tuesday, November 24

    NEW YORK - Perfume company Inter Parfums Inc. reported after the market closed Monday that profit rose in the third quarter, helped by trimmed expenses and a foreign currency gain.

  • Utility to store air underground to generate power

    AP - Tuesday, November 24

    AKRON, Ohio - An Ohio electric company has bought the rights to an abandoned limestone mine so it can pump the cavern full of compressed air and let it out to generate power during peak-use times.

  • Peet's raises offer for Diedrich to $265M

    AP - Tuesday, November 24

    EMERYVILLE, Calif. - Peet's Coffee & Tea Inc., hoping for a stake in the growing single-serve coffee brewing market, on Monday boosted its bid for a wholesale roaster and distributor by 24 percent.

  • Smith International closes sale of 28M shares

    AP - Tuesday, November 24

    HOUSTON - Oilfield services company Smith International Inc. said Monday it sold 28 million new shares of stock at $26.50 per share.

  • Minn. jury begins deliberating in Petters trial

    AP - Tuesday, November 24

    ST. PAUL, Minn. - The fate of Minnesota businessman Tom Petters is in the hands of a jury.

  • Citi upgrades global 2010 economic growth forecast

    AP - Tuesday, November 24

    NEW YORK - Citigroup Inc. upgraded its 2010 economic growth forecasts for several countries on Monday, and said it expects a sustained but uneven global recovery next year.

  • Fortinet says 14.4M shares were sold in IPO

    AP - Tuesday, November 24

    SUNNYVALE, Calif. - Network security provider Fortinet Inc., which began public trading on Wednesday, said Monday it closed its initial public offering.

  • Figures on government spending and debt

    AP - Tuesday, November 24

    WASHINGTON - Figures on government spending and debt (last six digits are eliminated).

  • Dollar decline continues as stocks jump

    AP - Tuesday, November 24

    NEW YORK - The safe-haven dollar began the week lower as a Federal Reserve official urged the continuation of stimulus programs and as home sales in October greatly exceeded market expectations, revving up traders' taste for higher-yielding assets.

  • Retailers look to stretch out Cyber Monday push

    AP - Tuesday, November 24

    NEW YORK - Retailers are thinking beyond Cyber Monday _ a holiday marketing promotion many push for the Monday after Thanksgiving _ and trying to spin their discounts into into Cyber Weekends or even Cyber Weeks.

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