By MATTHEW CRAFTAP Business Writer
NEW YORK (AP) - In picking Michael Corbat to take over as CEO of Citigroup, the board of directors chose a low-profile veteran of the bank - a sharp contrast to Vikram Pandit, his suddenly departed predecessor.
Corbat, 52, has spent his entire career at
By MIKE STOBBEAP Medical Writer
NEW YORK (AP) - Was it some moldy ceiling tiles? The dusty shoes of a careless employee? Or did the contamination ride in on one of the ingredients?
There are lots of ways fungus could have gotten inside the Massachusetts compounding pharmacy whose steroid
By JOSH FUNKAP Business Writer
OMAHA, Neb. (AP) - CSX Corp. reported a 2 percent dip in its third-quarter profit and revenue Tuesday because the railroad delivered fewer carloads of coal and crops, and fuel surcharge revenue declined.
CSX said the railroad's earnings per share actually
By RYAN NAKASHIMAAP Business Writer
LOS ANGELES (AP) - News Corp. managed to avoid rowdy protests at its annual shareholders meeting Tuesday, but that didn't stop stockholders from voicing complaints about the grip on the company held by founder and CEO Rupert Murdoch and his family.
By MICHAEL LIEDTKEAP Technology Writer
SAN FRANCISCO (AP) - IBM's revenue slipped below Wall Street's expectations in the third quarter as the technology company dealt with jittery customers and a weakening euro that undercut its results. Despite the problems posed by the wobbly economy
By PETER SVENSSONAP Technology Writer
NEW YORK (AP) - Intel Corp., the world's largest chipmaker, expects cold winds to blow this fall, as consumers shift their spending toward tablets and a weak global economy curbs corporate spending on computers.
When it reported third-quarter results
By SANDY SHOREAP Business Writer
The price of cocoa surged 3 percent as positive signs for the U.S. economy raised hopes that consumers may splurge on more chocolate.
Cocoa for December delivery rose $64 to finish Tuesday at $2,418 per metric ton.
The price has fallen about 10 percent since
By ANNE D'INNOCENZIOAP Retail Writer
NEW YORK (AP) - In the latest effort to beat Amazon.com at its game, Target says that for the first time it will match prices that customers find on identical products at select online competitors this holiday season.
Target Corp.'s CEO Gregg
By DAVID BAUDERAP Television Writer
NEW YORK (AP) - In an earlier era, the 9.2 million viewers who watched NBC's "Revolution" in its regular time slot on television's premiere week wouldn't impress many television executives.
Now, that number is only part of the story. Add in people
By CHRISTOPHER S. RUGABERAP Economics Writer
WASHINGTON (AP) - The outlook for the U.S. economy brightened a little Tuesday after reports that consumer prices stayed tame and homebuilder confidence rose to the highest level in six years.
A third report showed factory output grew only modestly