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• Colgate Shares Fall on Weak Revenue, Venezuela
  
  Colgate-Palmolive Co.'s shares sank Thursday when the consumer products maker posted revenue below expectations and told investors that Venezuela's currency devaluation would drag down full-year results more than expected.It's the second straight quarter where news about...
• Molycorp Shares Drop After IPO Prices Low
  Shares of rare earth metals producer Molycorp are dropping after the company priced shares of its initial public offering below expectations, raising $393.8 million.The Greenwood Village, Colo., company cut the price for shares of its IPO to $14 from an expected range of...
• Business-Led Recovery Is Waiting for Consumers
  
  Call it the emperor-has-no-clothes recovery theory. For months, chief executives from General Electric Co.'s Jeff Immelt to United Parcel Service Inc.'s Scott Davis have said that business investment would have to drive the United States' recovery from its worst slump...
• Fare Sales Grounded While Airlines Turn Profits
  
  Good times are finally back for the nation's airlines. For travelers, that means it's getting harder to find bargains.The summer travel season got off to a roaring start, fares are up, and money is rolling in from fees on things like checked baggage.The six biggest U.S....
• BP's Waning Britishness Causes Few Ripples in UK
  Its chairman is Swedish, a growing chunk of its revenue comes from Russia and its incoming chief executive speaks with an American accent. So goes the Britishness in the company once known as British Petroleum.BP PLC's appointment of Managing Director Robert Dudley to...
• Investors Get Mixed Signals From Conflicted Markets
  An obscure corner of the stock market is giving strong warning signs even as the broader equity and corporate bond markets rally. Equity derivatives indicate that although the stock market is turning in its best monthly performance of the year, investors are still fretting...
• IMF Blinks in Yuan Exchange Rate Duel With China
  
  The International Monetary Fund has chosen not to call the yuan substantially undervalued, a move that recognizes China's efforts to free up its exchange rate and avoids friction with an increasingly influential shareholder. The summary of an annual review of China's...
• Analysis: Euro Rally May Be Entering Last Lap
  The euro has sizzled in July but will cool down before the summer weather does as markets brace for an extended period of sluggish eurozone growth. The euro entered the month trading around $1.21, not far removed from June's trough of $1.1876, its lowest since 2006....
• Family Dollar Shares Rise After Peltz Buys Stake
  Shares of Family Dollar Stores Inc. climbed Wednesday, after activist investor and billionaire financier Nelson Peltz disclosed he'd amassed a 6.6 percent stake in the discount store owner, calling its shares undervalued. Family Dollar has been one of the retailers to...
• BP Plots Rebound With New CEO, Leaner Company
  BP officials say they are beginning to reinvent a company that reported a record $17 billion quarterly loss and is navigating the politically fraught task of restoring the Gulf of Mexico.The company named its first American CEO on Tuesday during its quarterly earnings call,...
• Don't Hold Your Breath for a Bounce in Home Prices
  Thought the housing crisis was over? Not quite.Despite four years of falling prices and recent signs that they were finally bottoming out, homes are expected to lose still more value in many metro areas over the next year.Parts of the country already pummeled by the housing...
• S&P, Moody's Downgrade Texas Industries
  
  Credit rating agencies Standard Poor's and Moody's Investors Service each downgraded their credit profile of Texas Industries Inc. on Tuesday after the company's announced that it plans to raise $600 million in new debt.The cement producer said it launched an offer of...
• Dudley Followed Unusual Turns to CEO of BP
  Bob Dudley's sudden rise to the top at BP PLC shows how the Gulf oil spill has dramatically changed the fortunes of people from local fishermen to corporate executives.Seen as an unlikely candidate just a few months ago, Dudley is set to become the first American to lead...
• BP Shares Fall 2 Percent After Earnings Report
  BP shares dipped 2 percent Tuesday after the company announced plans to shed more assets to pay for the Gulf of Mexico oil spill.The British oil giant intends sell up to $30 billion of assets during the next 18 months, a plan that concerned some analysts. Selling assets up...
• Credit Investors See Bargains in Europe Banks
  Credit investors see opportunities among Europe's banks, which offer attractive long-term plays versus other asset classes despite doubts over the rigor of stress tests on the sector. Investors say tougher regulation on banks after the credit crisis and more robust capital...
• Hayward Boosted BP's Bottom Line, but Not Safety
  Two decades ago, Tony Hayward was a turtle one of a handful of young high fliers at BP earmarked for great things, named after the cartoon warriors, the Teenage Mutant Ninja Turtles.Fast-tracked through BP's heavy bureaucracy by the man he would succeed as CEO, John...
• Target Corp. Spends Company Cash on Candidates
  Here's something Target Corp. isn't advertising in its Sunday circular: The discount retailer is now a major donor to a group backing the Republican candidate for Minnesota governor.And that's not sitting well with every Target shopper.Under new laws allowing corporations...
• CEO: Facebook to Hold IPO When It Makes Sense
  Facebook will sell stock in an IPO when the time is right, CEO Mark Zuckerberg said in an ABC TV interview, addressing persistent speculation about its stock market debut. Zuckerberg who with friends dreamed up the world's largest social network in a Harvard dorm room ...
• Swift Holdings Files for IPO to Raise $700 Million
  Swift Holdings Corp. filed with U.S. regulators on Thursday to raise up to $700 million in an initial public offering of common stock. In a filing with the U.S. Securities and Exchange Commission, the transportation services company said that Morgan Stanley, BofA Merrill...
• Bank Pay Guarantees Targeted as Hiring Returns
  Investment banks are once again luring top rival talent with generous guaranteed pay packages that may convince a top banker to jump ship, while also inviting scrutiny from regulators across the globe. Paying a banker multi-millions regardless of performance flies in the...
• Midterm Politicking Hovers Over Economic Decisions
  Midterm politics are distorting economic decision-making as leaders of both parties spin rival views of the road ahead, offering visions based on questionable economics.The resulting political angst is leaving a mark on major legislation. A far-reaching financial overhaul...
• World Bank: Fragility, Uncertainty Threaten Recovery
  World Bank President Robert Zoellick said Wednesday that the global economic crisis pushed 60 million people into poverty and warned that the recovery is still fragile and uncertain in some areas. Zoellick spoke at a news conference where he announced agreements on loans...
• China's Citic Plans $12 Billion Hong Kong IPO
  Citic Group, a government-owned conglomerate with assets in Asia, the Americas and the Middle East, plans to raise up to $12 billion with an initial public offering next year in Hong Kong, a government newspaper reported Thursday. A Citic spokesman said he could not...
• More Credit Card Protection Sought From Fed
  Two lawmakers in Congress are prodding the Federal Reserve to provide more protection so that credit card users don't get socked by exorbitant interest rates when they fall behind on their payments. Credit card companies can still double or triple the interest rate when a...
• Ex-Media Baron Black Released From Prison
  
  Former media mogul Conrad Black left a federal prison Wednesday in central Florida where he's been serving a 6 1/2-year sentence for defrauding investors, a prison official said.Black had spent two years in the minimum-security facility and walked free hours after U.S....

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