North America


  • Tate & Lyle CEO Eyes 'Steady' Sucralose Growth Wednesday, 23 May 2007 | 12:32 PM ET

    Tate & Lyle is anticipating "steady" growth in sales of Splenda sucralose, its zero-calorie sweetener product, over the next five years, building to a 70% utilization at its two sucralose plants in London and Singapore by 2012, chief executive Iain Ferguson told reporters on a conference call.

  • Swatch CEO Bets on Luxury Boom in U.S., Japan Wednesday, 23 May 2007 | 7:52 AM ET

    Swatch Group, the world's biggest watchmaker, is betting on a luxury goods boom in the United States and a recovering Japan as its sales continue to show double-digit growth, its chief executive said on Wednesday.

  • Blackstone Group's chairman told CNBC that the private equity giant approached China earlier this year about investing in the U.S., which led to China's decision to invest $3 billion in Blackstone itself.  In an exclusive interview with CNBC's Michelle Caruso-Cabrera, Blackstone's Stephen Schwarzman called the surprise investment a positive move for the American economy.

  • DaimlerChrysler has assumed a $1 billion risk from Chrysler should its pension plans be terminated before an agreement with U.S. agency Pension Benefit Guaranty Corporation (PBGC) expires in five years.

  • RBS and BoA Talk About ABN Amro's LaSalle Unit: WSJ Friday, 18 May 2007 | 11:11 AM ET

    Royal Bank of Scotland is in talks with Bank of America over a deal on LaSalle, the U.S. unit of ABN Amro at the heart of the battle for control of the Dutch bank, the Wall Street Journal reported.

  • Wal-Mart warned Tuesday that its profits in the current quarter could fall short of expectations after reporting an 8% gain in first-quarter earnings amid cost-cutting and strength in its warehouse clubs and international businesses. The company continued to struggle with its namesake discount business.

  • Home Depot Profit Disappoints, Outlook Worsens Tuesday, 15 May 2007 | 9:54 AM ET

    Home Depot, the world's largest home improvement chain, posted lower-than-expected quarterly profit on Tuesday as the softer U.S. housing market hurt sales at its retail stores. Based on the performance, Home Depot said it expected per-share earnings for this year to fall at the low end of a previously forecast range of 4 to 9 percent.

  • Dutch food retailer Ahold reported a slight dip in first-quarter group sales on Friday, in line with market expectations, but analysts said underlying sales growth boded well for a recovery.

  • Hershey Cuts 2007 Earnings Growth Forecast Thursday, 10 May 2007 | 7:58 AM ET
    Hershey's Kisses

    Chocolate maker Hershey  lowered its earnings growth outlook for fiscal 2007, citing higher dairy input costs.

  • U.S. Mortgage Applications Rise for Third Straight Week Wednesday, 9 May 2007 | 7:20 AM ET

    U.S. mortgage applications rose for the third straight week, driven by demand for both purchases and refinancings, an industry trade group report showed Wednesday.

  • Gap is Considering Layoffs to Cut Costs: New York Post Wednesday, 2 May 2007 | 7:34 AM ET

    Clothing retailer Gap is considering sizable layoffs over the next few weeks to cut costs, the New York Post reported on Wednesday, citing three people familiar with the situation.

  • U.S. Mortgage Applications Rose in Latest Week: MBA Wednesday, 2 May 2007 | 7:20 AM ET

    U.S. mortgage applications rose for a second consecutive week as demand for home purchase loans outweighed slower refinancing activity, an industry trade group's figures showedWednesday.

  • Top Hedge Fund Managers Salaries Ballooned in 2006 Tuesday, 24 Apr 2007 | 7:26 AM ET

    The latest survey on hedge fund salaries shows that, for the first time, founding executives at three major hedge funds took home well over $1 billion last year. And the average pay for the top 25 hedge fund managers rose a staggering 57% to $570 million in 2006 from 2005, according to industry publication Alpha Magazine.

  • U.S Home Loan Demand Drops for Fifth Consecutive Week Wednesday, 18 Apr 2007 | 7:46 AM ET

    U.S. mortgage applications fell for the fifth consecutive week, largely reflecting a drop in demand for home purchase loans, an industry trade group said Wednesday.

  • Gunman In Shooting Rampage Was A Virginia Tech Student Tuesday, 17 Apr 2007 | 12:56 PM ET
    In this undated photo released by the Virginia State Police, Cho Seung-Hui is shown. Seung-Hui, 23, of South Korea, is identified by police as the gunman suspected in the massacre that left 33 people dead at Virginia Tech in Blacksburg, Va., Monday, April 16, 2007, the deadliest shooting in modern U.S. history. (AP Photo/Virginia State Police)

    A Virginia Tech senior from South Korea killed at least 30 people locked inside a classroom building in the deadliest shooting rampage in modern U.S. history, the university and police said.

  • Storm Causes Flooding, Power Outages, Travel Delays Monday, 16 Apr 2007 | 4:12 PM ET

    Hundreds of passengers remain stranded at airports and dozens of homeowners are grappling with flood damage on Monday, as a nor'easter batters the Northeast with strong wind and record rainfall for a second day, after already grounding hundreds of flights, blanketing areas in snow, downing power lines and flooding coastal areas.

  • Pharmaceutical maker Shire said Monday that its shareholders approved the proposed acquisition of New River Pharmaceuticals.

  • Storm Cancels Hundreds of Flights, Threatens Floods Monday, 16 Apr 2007 | 8:24 AM ET

    A nor'easter battered the East with strong wind and pouring rain Sunday, grounding hundreds of airline flights, downing power lines and threatening severe coastal flooding overnight.

  • Monster U.S. Online Jobs Index Rises in March Thursday, 5 Apr 2007 | 11:41 AM ET

    A gauge of U.S. online labor demand rose in March from February, as hirings grew broadly, but year-over-year growth moderated, global online careers and recruiting firm Monster said on Thursday.

  • British airline bmi and United Airlines of the United States have applied to the U.S. government to form an alliance that would effectively merge their transatlantic operations, the Times reported on Wednesday.