US multinational companies are dealing with an increasingly big headache when it comes to sales and profits: currencies.» Read More
CHICAGO, Feb 19- Sick of hearing Americans complain about the winter weather? Because the corporate kvetching has only just begun.
*Cisco falls after results, but tech sector rises. NEW YORK, Feb 13- U.S. stocks closed higher on Thursday, with the Nasdaq rising for a sixth straight day, as investors looked past disappointing data on consumer spending, chalking the weakness up to weather instead of weaker fundamentals.
*Cisco falls after results, but tech sector rises. NEW YORK, Feb 13- U.S. stocks advanced on Thursday, putting the Nasdaq on track for a sixth straight day of gains as investors looked past disappointing data on consumer spending, chalking the weakness up to weather instead of weaker fundamentals.
Feb 13- Avon Products Inc said on Thursday it could end up paying as much as $132 million to settle a U.S. bribery probe into its efforts to develop new markets, the first time the beauty-products company has given an estimate for a penalty.
*Cisco falls after results, outlook. *Comcast to buy Time Warner. NEW YORK, Feb 13- U.S. stocks were set for a lower open on Thursday, weighed by a disappointing outlook from Cisco Systems and weaker-than-expected data on consumer spending and the labor market.
Feb 13- Avon Products Inc said on Thursday it may cost as much as $132 million to settle a U.S. bribery investigation into the beauty products company's efforts to develop new markets overseas.
Feb 13- Avon Products Inc on Thursday reported lower-than-expected fourth-quarter revenue, as business fell in emerging markets that had been a source of growth for the beauty company as its North American business waned. But business fell in three major markets- Mexico, Russia and China.
Feb 13- Avon Products Inc on Thursday reported lower-than-expected fourth-quarter revenue, hurt by a big drop in its North American business and departures of more of its sales representatives.
The Fed chair's first testimony before Congress is the big event for markets in the week ahead, as traders sift through economic data.
Carl Icahn has been pushing Apple to use its $150 billion war chest to buy back company shares. Not every shareholder agrees.
DEARBORN, Mich., Jan 28- Ford Motor Co on Tuesday joined a growing number of multinational companies expressing concern that economic turmoil in Venezuela and Argentina could spell trouble for 2014 profits.
Jan 28- Teen apparel retailer Abercrombie& Fitch Co stripped Chief Executive Mike Jeffries of his chairman duties, bowing to investor pressure to reduce his control over the struggling company.
Abercrombie announced that it will immediately terminate its shareholder rights plan and make changes to its board of directors.
Jan 9- Alcoa Inc and a joint venture it controls have agreed to pay $384 million to resolve charges of bribing officials of a Bahraini state-controlled aluminum smelter, marking one of the largest U.S. anti-corruption settlements of its kind.
Dec 31- Revlon Inc said it would exit China, where sales of its cosmetics have been falling, and cut more than 1,000 jobs as part of a restructuring designed to save about $11 million a year. Revlon, owner of the Almay cosmetics brand and Sinful Colors nail polish, said in a filing that its Chinese operations accounted for about 2 percent of total net sales.
Some of Wednesday's midday movers:
Take a look at some of Wednesday's midday movers:
Nov 7- Perfume and cosmetics maker Coty Inc reported lower-than-expected quarterly results, hurt by weak demand for its fragrances and nail products in the United States, and said it expected this trend to continue in the key holiday season.
Oct 31- Avon Products Inc's quarterly sales slipped, missing forecasts and sending its shares plummeting as investors questioned whether its turnaround plan was working.
It's not just tough refining margins hitting Big Oil, but lower oil production as well.