Jennifer Sondag News
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U.S. companies from Intel Corp. to General Electric Co. are caught in an earnings slump that shows few signs of improving until midyear as a weak global economy and gridlock in Congress weigh on profits.
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Hewlett-Packard Co.’s claims of financial improprieties at Autonomy Corp. have accounting experts questioning whether the allegations are an attempt to divert attention from yet another bad acquisition.
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Sbarro Inc., the pizza chain owned by private-equity firm MidOcean Partners , hired Kirkland & Ellis LLP to advise on restructuring options, according to two people with knowledge of the situation.
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Procter & Gamble Co. and Philip Morris International Inc. found a common culprit for weaker financial results in recent weeks: changes in currency values.
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Exelon Corp. , the largest operator of U.S. nuclear power plants, is near an agreement to buy Constellation Energy Group Inc . for about $7.7 billion, adding stakes in five reactors in Maryland and New York, according to a person with knowledge of the matter.
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Exelon Corp. , the largest operator of U.S. nuclear power plants, is near agreement to buy Constellation Energy Group Inc . for about $7.7 billion, adding stakes in five reactors in Maryland and New York, according to a person with knowledge of the matter.
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Profit gains earned through job cuts and factory closings in the absence of a global economic recovery are starting to reach their limit.
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Better-than-forecast earnings are masking weaker sales growth in the most recent quarter as U.S. companies including International Business Machines Corp. improve margins to top estimates.
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Procter & Gamble Co.’s directors are facing a time management challenge: monitoring Chief Executive Officer Robert McDonald’s turnaround plan while running their own companies.
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Deutsche Bank AG’s head of energy investment banking for the Americas, Sten Gustafson, is leaving to become chief executive officer for Era Group Inc., which operates helicopters that serve offshore oil rigs and platforms.
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