Alibaba post-IPO structure gives insiders control Sony forecasts $2 billion loss, cites weak mobile Tycoon buys 30 Rolls-Royces for Macau hotel UPS expects to hire up to 95,000 seasonal workers US CEOs less optimistic about hiring, spending Alibaba risk: China's rise leaves out investors Strong euro dents 1st- half profits for Zara owner Cuts to food stamps will only hit 4 states Asian stocks higher on China stimulus reports Congress: Safety agency mishandled GM recall» Read More
CHARLOTTE, N.C.-- Auto dealer Sonic Automotive Inc. said Tuesday that third-quarter income fell 48 percent, dragged down by the cost of buying back company debt. Net income was $10 million, or 18 cents per share, for the three months ended Sept. 30. Shares of the Charlotte- based company fell 11 cents to $18.06 in morning trading.
The Marikana Commission _ which is investigating violence at Lonmin's platinum mines on Aug. 16 as well as related incidents in which up to 46 people were killed_ was disrupted by the emotional response of grieving family members to the video footage which shows some of the worst state violence since the end of apartheid since 1994..
BEVERLY HILLS, Calif.-- Hollywood warmed up for its awards season with a love fest that recognized top actors and directors for films that haven't been released yet.
MELBOURNE, Australia-- Having won seven Tour de France titles is no longer part of Lance Armstrong's Twitter profile.
LEXINGTON, Ky.-- Lexmark International broke even in the third quarter both in per-share and dollar terms _ a sharp decline from a profit a year earlier due to restructuring and acquisition-related charges. In the July-September period a year ago, Lexmark earned $67 million, or 86 cents per share.
SLUGGISH ECONOMY: 3 M cut its profit projections for this year because of weak economic growth, including in China and Europe. 3 M said it will lay out 2013 expectations in December. WHY IT MATTERS: 3 M makes everything from Post-it notes and Scotch tape to roofing granules, coatings for LCD screens, and traffic sign coatings.
WICHITA, Kan.-- When Candida L. Gutierrez's identity was stolen, the thief didn't limit herself to opening fraudulent credit and bank accounts. The scheme has been linked to illegal immigrants who use stolen Social Security numbers to get paid at their jobs, and authorities fear the problem could soon grow to ensnare more unsuspecting Americans.
NEW YORK-- Even in an era of $500 hotel rooms and $18 cocktails, the $442 that a Texas family paid for a ride in a New York City pedicab has become notorious. "It was not good for us," Souleymane Toure said as he hawked riders for his pedicab in Central Park. "
TAIPEI, Taiwan-- Police in Taiwan said a nursing home resident confessed to an early morning fire that ripped through the facility Tuesday, killing 12 people and injuring 60, many of them too weak to get out of their beds to escape.
TALLAHASSEE, Fla.-- The president of the Citizens Property Insurance Corp. said Monday he supports an investigation into its business operations by Gov.
It ruled the club has failed to prove it qualifies for the exemption for "dramatic or musical arts performances" that was adopted by the Legislature "with the evident purpose of promoting cultural and artistic performances in local communities."
WELLINGTON, Fla.-- B/E Aerospace Inc., which makes products for aircraft cabins, said Tuesday that third-quarter income fell 72 percent on acquisition and debt-prepayment costs. The company raised its forecast for full-year earnings, excluding debt-prepayment costs, to $2.82 per share from $2.65 per share.
RENO, Nev.-- Two federal agencies violated the Endangered Species Act and now must reconsider additional protection for the Lahontan cutthroat trout and other rare fish adversely affected by the 700- mile Ruby pipeline that carries natural gas from Wyoming, through Utah and Nevada into southern Oregon, a federal appeals court ruled Monday.
NEW YORK-- New York City Mayor Michael Bloomberg is poised to spend $500,000 of his personal fortune on gay marriage campaigns in Maine, Minnesota and Washington state, he said Monday, following up on a major political spending push the billionaire businessman-turned-politician announced last week.
Attorneys met in Franklin County Circuit Court to discuss the status of the case, which began in 2010 when environmentalists pointed out questionable water quality monitoring practices by Frasure Creek and another coal company, International Coal Group.
The IdaCorp Inc. unit on Monday told the Federal Energy Regulatory Commission its Sept. 20 order was premature and disregards negative impacts on ratepayers. Idaho Power and other utilities have been scuffling with wind farms over whether utilities can curtail contractually-required purchases at times when few customers need electricity.
LONDON-- The BBC has become the latest large institution to find itself accused of failing to stop sex abusers in its midst, with its chief acknowledging Tuesday that a "cultural problem" within the broadcaster had allowed the late TV host Jimmy Savile to molest children and teenagers for decades.