Jul 21, 2014 by Mark BrooksAllergan to Cut 1,500 Employees in RestructuringAllergan said its restructuring will yield annual pre-tax savings of about $475 million in 2015, while costs tied to it will total between $375 million and $425 million.
Jul 16, 2014 by Mark BrooksStudy: Economy Isn't the Only Reason Millennials Delay HomebuyingStudy from Trulia shos the major group whose ownership rates suffered because of the downturn is middle-aged Americans.
Jul 16, 2014 by Mark BrooksVW Overtakes GM to Be No. 2 in Global Auto SalesGM sales rose nearly 11% in China and 2% in North America. But the gains were offset by falling sales in Europe, South America and other international markets.
Jul 16, 2014 by Mark BrooksF-35's No-Show at Farnborough Airshow Disappoints The United States is supposed to build almost 2,500 of the planes. Nine partner countries, including the U.K., Denmark and Italy, are involved in the plane's production, too.
Jul 16, 2014 by Mark BrooksApple May Pay $400 Million in Digital Book Settlement Lawsuits filed on behalf of digital book buyers had been seeking damages of up to $840 million for a price-fixing scheme that a judge ruled had been orchestrated by Apple
Jul 16, 2014 by Mark BrooksFed's Beige Book: Growth Described as "Modest" and "Moderate" Consumer spending had increased in every district with auto sales generally stronger than other retail sales.
Jul 16, 2014 by Mark BrooksHigher Gasoline Costs Raise U.S. Producer Prices Overall inflation remains tame.
Jul 15, 2014 by Mark BrooksApple, IBM Team Up in Mobile Devices, ApplicationsThe exclusive partnership announced Tuesday calls for the two technology companies to work together on about 100 different mobile applications designed for a wide range of industries.
Jul 15, 2014 by Mark BrooksU.S. Businesses Rebuild Stockpiles at Steady PaceSteady inventory rebuilding can bolster economic growth by increasing demand for manufactured goods and boosting factory production.
Jul 15, 2014 by Mark BrooksTobacco Buyout Valued at $68.88 per Share for Lorillard ShareholdersIt could spur a wave of consolidation in the tobacco business, shrink factories and workforces, and push prices for cigarettes higher even as smokers buy fewer of them.
Jul 15, 2014 by Mark BrooksU.S. Retail Sales Tick Up Just 0.2% as Consumers Remain CautiousRetail sales are closely watched because consumer spending accounts for 70% of the economy.
Jul 14, 2014 by Mark BrooksEmerging Nations Plan Their Own World Bank, IMF The bloc comprises countries with vastly different economies, foreign policy aims and political systems -- from India's raucous democracy to China's one-party state.
Jul 14, 2014 by Mark BrooksTesla Settles Lemon Lawsuit Filed by Wisconsin OwnerThe deal calls for the California-based company to pay Franklin physician Robert Montgomery nearly $127,000 to cover the car's cost, his taxes and his attorney fees.
Jul 14, 2014 by Mark BrooksConAgra Buys Chinese Potato Processor for $93 Million The purchase of TaiMei Potato Industry Ltd. will allow ConAgra's Lamb Weston unit to make frozen french fries, mashed potatoes and other potato products inside China, where demand is growing.
Jul 14, 2014 by Mark Brooks'Dawn of the Planet of the Apes' Combines Spectacle and Substance in $73 Million Weekend DebutIn a summer heavy on hype but thin on quality, "Dawn of the Planet of the Apes" has proved to be one of the few hits that combined both spectacle and substance. Directed
Jul 14, 2014 by Mark BrooksLockheed Martin, Air Force Aim to Get New F-35 to Farnborough Air ShowThe aircraft is a star attraction of the show, which combines industry experts and aviation fans.
Jul 14, 2014 by Mark BrooksAirbus Launches New Wide-Body Planes to Help Compete Against BoeingAirbus told reporters Monday the new designs for the A330-800neo and the A330-900neo will reduce fuel consumption by 14% per seat and boost the model's range by 400 nautical miles.
Jul 11, 2014 by Mark BrooksRising Mortgage Rates Mean Fewer People Willing to SellA shortage of homes for sale has plagued the housing market since late 2012
Jul 11, 2014 by Mark BrooksWhite House: 2014 Deficit to Drop to $583 Billion Last year's deficit was $680 billion.
Jul 11, 2014 by Mark BrooksU.S. Records $71 Billion Budget Surplus in JuneFor the first nine months of this budget year, the deficit totals $366 billion, down 28% from the same period in 2013.