Sears Holdings said Friday that it will spin off its Lands' End clothing business as a separate company by distributing stock to the retailer's shareholders.» Read More
Morgan Stanley analyst Matthew Grainger on Monday upgraded his rating on Kraft Foods Group Inc., saying there is still a good long-term growth story ahead for the food company. The analyst upgraded his rating to "Overweight" or "Buy," from "Equal-weight" and raised his price target to $60 from $55.
CHICAGO-- United Airlines said a key revenue measure fell as much as 2.5 percent in November. United said per-seat passenger revenue fell an estimated 1.5 percent to 2.5 percent compared with November 2012. The figures were skewed because November 2012 included Superstorm Sandy, which forced airlines to cancel thousands of flights.
*TransCanada says Gulf Coast oil pipeline fill begins. Brent's premium to U.S. oil was further eroded by news that TransCanada Corp has begun filling its 700,000 barrel-per-day oil pipeline, which will transport crude from the Cushing, Oklahoma, storage hub to Gulf Coast refiners.
DALLAS, Dec 9- American Airlines Group, the world's biggest airline after AMR Corp's merger with US Airways Group, intends to take advantage of its broad global network to win more corporate customers, the company's president said. American Airlines parent AMR Corp and US Airways sealed their $18 billion merger on Monday.
Federal Reserve official on Monday suggested that farmers consider a path toward internationally accepted standards for genetically modified crops, following rejections of U.S. corn shipments by China.
NEW YORK, Dec 9- U.S. stocks advanced modestly on Monday after positive Chinese trade and inflation data, while remarks by top Federal Reserve officials about the outlook for slowing the Fed's stimulus had little impact on the market.
WASHINGTON-- Shares of Acura Pharmaceuticals Inc. rose Monday after the company said it met with federal regulators to discuss a new version of the painkiller hydrocodone that uses the company's abuse-resistant technology. Acura said the FDA agreed to review the study and determine whether it could be used to support a new drug application.
As much as 5 inches of snow were forecast for Monday night into Tuesday for an area stretching from Virginia into New York, the National Weather Service said. "I don't think things are going to warm up anytime soon," said Bruce Sullivan, National Weather Service meteorologist.
Jeffrey Lacker, the president of the Federal Reserve Bank of Richmond, will speak at an economic outlook conference in Charlotte, North Carolina, at 12:30 p.m.. St. Louis Fed Bank President James Bullard will also speak on the economy in St. Louis in the afternoon, and Dallas Fed Bank President Richard Fisher will speak in Chicago in the evening.
Dec 9- McDonald's Corp on Monday reported another sluggish month of sales at established restaurants, results that suggest the famed hamburger chain is losing U.S. market share to rivals.
LAGUNA NIGUEL, Calif.-- An Olympic gold medal won by Jesse Owens at the 1936 Berlin Games has sold for a record $1.4 million in an online auction. SCP Auctions said Pittsburgh Penguins co-owner Ron Burkle paid $1,466,574, the highest price for a piece of Olympic memorabilia.
Northern Maryland received 7 to 10 inches of snow over the weekend, while central and eastern Pennsylvania got 4 to 10 inches, and parts of New York received up to 10 inches through Monday morning, according to the weather service.
NEW YORK, Dec 9- Wall Street rose modestly on Monday after Chinese inflation data eased worries about policy tightening there, while investors were cautious before speeches on the economy by four top Federal Reserve officials. Richmond Fed Bank President Jeffrey Lacker will speak at an economic outlook conference in Charlotte, North Carolina at 12:30 p.m..
Dec 9- McDonald's Corp continued to grapple with slack demand and intense competition in November, as weakness in the United States, Germany and Japan dragged on sales at established restaurants.
They want the EPA to force nine states- Illinois, Indiana, Kentucky, Michigan, North Carolina, Ohio, Tennessee, Virginia and West Virginia- to regulate the emissions that cross into their borders through prevailing winds and contribute to higher ozone levels to the north and east of the upwind states.
NEW YORK, Dec 9- Wall Street was set for a slightly higher open on Monday, supported by inflation data from China but gains were likely to be capped with a number of top Federal Reserve officials lined up to speak throughout the day.
They want the EPA to force nine "upwind" states- Illinois, Indiana, Kentucky, Michigan, North Carolina, Ohio, Tennessee, Virginia and West Virginia- to regulate the emissions that cross into their borders through prevailing winds and contribute raising ozone levels to the north and east of them.
Dec 9- McDonald's Corp reported weaker-than-expected global sales at established restaurants for November, hurt by a sharp drop in comparable-store sales in the United States. The company said high competition and relatively weak customer traffic hurt sales in the United States, its second biggest market after Europe.
NEW YORK, Dec 9- U.S. stocks were little changed on Monday as investors waited for a number of top Federal Reserve officials to speak throughout the day for hints on the future of the central bank's stimulus plans. *Richmond Fed President Jeffrey Lacker will speak at an economic outlook conference in Charlotte, North Carolina at 12:30 a.m. ET.