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Companies : Page 1936

Citigroup to cut 11,000 jobs
CitigroupDecember 5, 2012 ET
Citigroup announced a series of actions to reduce expenses and improve efficiency, including cutting 11,000 jobs. The company would take a pretax charge of approximately $1 billion for the cuts.
Baxter to acquire Gambro for $4.0 billion
BaxterDecember 4, 2012 ET
Baxter International is to acquire Gambro AB, a dialysis product company based in Lund, Sweden, for 26.5 billion SEK (approximately $4.0 billion). The acquisition gives Baxter a comprehensive dialysis product portfolio.
Nokia sold headquarters for 170 million euros
Nokia headquartersDecember 4, 2012 ET
Nokia sold its head office building in Espoo, Finland, to Exilion. The price is 170 million euros and Nokia will lease back the building.
Saputo buys Morningstar for $1.45 billion
MorningstarDecember 3, 2012 ET
Canadian dairy producer Saputo Inc. said that it has agreed to buy Morningstar, a subsidiary of Dean Foods Company, for $1.45 billion. The combined business will have approximately 12,000 employees and 57 manufacturing facilities in five countries.
The end of The Daily
The DailyDecember 3, 2012 ET
After $30 million invested in the launch of The Daily, News Corp. said that the digital newspaper didn't take off with readers. The last issue will be published on December 15, 2012.
Trader Joe's recalls Butter Chicken with Basmati Rice
Trader Joe's Butter Chicken with Basmati RiceDecember 3, 2012 ET
Trader Joe's announced that there is a possibility that products with a production date of "305 12" may be contaminated with Listeria monocytogenes, and that it recalls 4,865 pounds of that frozen product.
Ford recalling 73,000 Escapes and 15,800 Fusions over engine fires
FordDecember 1, 2012 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
CostcoNovember 28, 2012 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
BPNovember 28, 2012 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 FoodsNovember 27, 2012 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 DecayNovember 26, 2012 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 salesNovember 24, 2012 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.

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