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Top News & Analysis North America


  • Former Fed Official Preston Martin Dies at 83 Thursday, 31 May 2007 | 6:21 AM ET

    Former Federal Reserve Board vice chairman Preston Martin died Wednesday at his home in San Francisco after a brief illness, his family said in a statement. He was 83.

  • Robert Zoellick has dealt with the Cold War, the killing in Darfur, China's rise as an economic colossus. His next challenge: to restore confidence at the badly shaken World Bank.

  • Monster U.S. Online Jobs Index Rises in May Thursday, 31 May 2007 | 3:38 AM ET

    A gauge of U.S. online recruitment activity rose for a fifth straight month in May as demand for workers eased slightly but remained strong, a global online careers and recruiting firm, said on Thursday.

  • Volvo Sells Stake in U.S. Truck Stop Chain Thursday, 31 May 2007 | 2:55 AM ET

    World number two truck maker Volvo is selling its 28.7% stake in U.S. truck stop chain Petro Stopping Centers, yielding a capital gain of $46.3 million.

  • Pulte To Cut 16% of Work Force Amid Weak Housing Market Wednesday, 30 May 2007 | 7:18 AM ET

    Facing a grim housing market, Pulte Homes  said Tuesday that it is cutting about 16% of its work force, or about 1,900 jobs, as part of a restructuring.

  • A Ford Motor  official predicts that his company's overall U.S. sales will drop in May, but its retail sales to individual buyers will show a year-over-year monthly increase for the first time since October of 2006.

  • Delhaize America to Buy Back $1.1 Billion of Own Debt Wednesday, 30 May 2007 | 2:54 AM ET

    Belgium-based supermarkets group Delhaize said on Wednesday that its American subsidiary would buy back up to $1.1 billion of its own debt, financed by the issue of new securities.

  • SEC Opens Probe After Dow Chemical Firings Friday, 25 May 2007 | 9:03 AM ET

    The U.S. securities regulator is probing whether two Dow Chemical executives engaged in unauthorized talks to sell the company, according to a source close to the matter.

  • UBS to Sell $3.3 Billion Julius Baer Stake Friday, 25 May 2007 | 8:39 AM ET

    UBS said Friday it plans to sell its 20.7% stake in private bank Julius Baer Holding to raise capital for its share repurchase program.

  • A consortium of banks led by Royal Bank of Scotland will decide by May 29 whether it will make an official bid for the Netherlands' ABN Amro, it said in a statement Friday.

  • AnnTaylor Stores posted lower quarterly earnings Thursday, as a weak assortment of clothes at its still-struggling LOFT chain forced the retailer to take deeper markdowns, hurting margins.

  • 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.