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Ford recalling 73,000 Escapes and 15,800 Fusions over engine fires
FordSaturday December 1, 2012 4:23PM ET
Ford voluntary recalls 2013 Ford Escape SE and SEL models with the 1.6-liter engine and 2013 Ford Fusion SE and SEL with the 1.6-liter engine. The reason: engine overheating may cause fire. Contact your dealer as soon as possible.
Costco to spend $3 billion on special dividend
CostcoWednesday November 28, 2012 2:17PM ET
Costco Wholesale Corporation reported net sales of $8.15 billion for November, an increase of nine percent compared to the similar period last year. The company will pay a special cash dividend of $7.00 per share.
U.S. EPA suspends BP from new government contracts
BPWednesday November 28, 2012 9:27AM ET
The U.S. Environmental Protection Agency (EPA) temporarily suspended BP Exploration and Production, Inc., BP PLC and named affiliated companies from new contracts with the federal government.
ConAgra Foods to acquire Ralcorp for $6.8 billion
ConAgra FoodsTuesday November 27, 2012 11:19AM ET
ConAgra Foods announced that it will acquire Ralcorp Holdings, the largest manufacturer of private label food in the U.S. The transaction is valued at approximately $6.8 billion, including the assumption of debt.
L'Oréal to acquire Urban Decay from Castanea Partners
Urban DecayMonday November 26, 2012 8:35AM ET
French skin-care giant L'Oréal said today that it has signed the agreement with Castanea Partners to acquire Urban Decay, an American specialty make-up brand. The agreement is subject to regulatory approval and closing is expected by the end of the year.
Thanksgiving Day online sales 17.4% up
Thanksgiving Day online salesSaturday November 24, 2012 1:16PM ET
According to IBM, US shoppers took advantage of early promotions this holiday season, driving a 17.4 percent increase in online sales Thanksgiving Day. The biggest surge came from mobile consumers, with sales reaching 16.3 percent, led by the iPad.
News Corporation to buy Yankees Entertainment and Sports Network
New York YankeesWednesday November 21, 2012 1:18PM ET
If Major League Baseball approves the deal, News Corporation will acquire a 49 percent equity stake in the Yankees Entertainment and Sports Network (YES).
Hostess Brands to proceed with liquidation
Hostess BrandsWednesday November 21, 2012 1:06PM ET
Hostess Brands Inc. will return to a liquidation scenario after mediation with Bakery, Confectionary, Tobacco and Grain Millers Union (BCTGM), the judge overseeing Hostess' bankruptcy said Wednesday.
Statoil and Wintershall signed 10-year gas sales agreement
StatoilTuesday November 20, 2012 4:37PM ET
Statoil and Wintershall have entered into a 10-year gas sales agreement for the delivery of 45 billion cubic meters to the German and other North-West European markets.
Hewlett-Packard says it's the victim in Autonomy acquisition
Hewlett-PackardTuesday November 20, 2012 2:55PM ET
HP announced a non-cash impairment charge of $8.8 billion related to acquisition of Autonomy in the fourth quarter of 2012. The company started an internal investigation, including a forensic review by PricewaterhouseCoopers of Autonomy’s historical financial results.
Glencore and Xstrata agree on merger
Glencore XstrataTuesday November 20, 2012 1:32PM ET
Glencore shareholder accepted the merger of their company with Xstrata with 99.4 percent of votes. Since Xstrata' also approved the merger (79%), the path to creation of $70 billion natural-resources giant is clear.
Hostess go into mediation with workers' union
Hostess BrandsTuesday November 20, 2012 11:53AM ET
The fate of the Hostess Brands will be a bit clearer after a hearing scheduled for 11 a.m., EST, on Wednesday. The company announced that a mediation with the Bakery, Confectionary, Tobacco and Grain Millers Union was unsuccessful.

 

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