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• Exxon Mobil Bent On Rapidly Increasing Globe's Oil Supply
  Exxon Mobil (XOM) is widely known in the United States, for better or worse, as the face of Big Oil. Its CEO, Rex Tillerson, is often called upon to testify in Congress when gas prices rise. Beyond the purely political story, however, XOM is a company bent on rapidly...
• Total System Services Tied to Consumer Spending Cycles
  Total System Services (TSS) is one of several companies in the payment chain between retailers and your bank. As such, its fortunes are tied closely to consumer spending cycles and debt. Household deleveraging during the recession has hurt, but nobody expects credit and...
• Chesapeake Auctions Assets to Raise Cash
  Chesapeake Energy Corp. has put 504,000 acres in the DJ Basin in Wyoming and Colorado up for sale, as the U.S. energy company scrambles to raise cash to close a $9 billion to $10 billion funding shortfall. Chesapeake, which earlier this month arranged a pricey $4 billion loan...
• Dow Chemical Wins $2.16 Billion in Kuwait Arbitration
  An arbitrator ruled Kuwait's state-run chemical company must pay Dow Chemical Co. $2.16 billion for wrongly canceling a planned plastics joint venture in 2008, Dow said on Thursday. The International Chamber of Commerce's International Court ruling against Petrochemical...
• Heinz Cuts Outlook, Reports Lower Earnings
  H.J. Heinz Co reported slightly weaker-than-expected fourth-quarter sales, hurt by a decline in North America, and lowered its earnings forecast for the new fiscal year and beyond. The ketchup maker's shares fell 2 percent in early trading, even though its quarterly profit...
• Costco Profit Tops Estimates as Margins Improve
  Costco Wholesale Corp., the largest U.S. warehouse-club chain, posted third-quarter profit that topped analysts estimates as margins improved for the first time in more than a year. Net income in the quarter ended May 6 rose to $386 million, or 88 cents a share, from $324...
• Jewelry Chains Tiffany, Signet Signal Slowing US Demand
  Tiffany & Co. cut its fiscal-year sales and profit forecasts on Thursday, blaming slowing economic growth in many countries and weakness in its home U.S. market. The upscale jeweler's U.S. sales started softening in the fall and over the holidays amid concerns about Wall...
• Reuters: China's CIC in Talks for $2 Billion Alibaba Stake
  Sovereign wealth fund China Investment Corp is in advanced talks to buy an up to $2 billion stake in Alibaba Group, sources told Reuters.
• PerkinElmer Poised to Turn M&A into Growth
  PerkinElmer (PKI), driven by a slew of merger and acquisition (M A) deals, is poised to turn those expenditures into newfound revenues and growth, analysts believe. PerkinElmer is technology company focused on the diagnostics, research, environmental, industrial and...
• Caterpillar Positioned to Grow Through Global Dealers
  Caterpillar (CAT) is sitting pretty after a successful move into the mining equipment business via acquisition. Despite the global slowdown, the company is holding on to a large backlog of business and is positioned to grow abroad thanks to the global reach of its...
• RIM’s Head of Global Sales Resigns From Company
  Research In Motion Ltd. executive Patrick Spence, who ran global sales for the BlackBerry maker, has resigned. Spence is taking a job in a different industry following 14 years at RIM, said Rebecca Freiburger, a spokeswoman for the Waterloo, Ontario-based company. The sales...
• FDA Panel Votes against New Use for J&J's Xarelto
  A majority of Food and Drug Administration panelists voted against a new use for Johnson Johnson's blood thinner Xarelto to reduce life-threatening blood clots. The FDA's panel of experts voted 6-4 Wednesday against the new use for the pill, saying too much information was...
• HP Says Layoffs to Total 27,000; Profit Tops Forecast
  Hewlett-Packard shares rose after the world's largest personal-computer maker announced plans to slice its workforce by 27,000, or about 8 percent, and reported better-than-forecast fiscal second-quarter sales and profit. Profit before some costs in the quarter ended in...
• Jury Decides Google Did Not Infringe Oracle Patents
  Google Inc.'s Android mobile platform has not infringed Oracle Corp.'s patents, a California jury decided in a high-stakes trial fought by the two Silicon Valley giants over smartphone technology. Because the same jury could not unanimously agree on the copyright allegations...
• WSJ: Regulations, Litigation Could Sink Facebook
  Facebook had one of the most celebrated initial public offers ever. Its owners are now billionaires. Yet litigation and regulation could sink the company. As Wall Street Journal columnist L. Gordon Crovitz writes, regulators may unfriend Facebook. A Federal Trade...
• Toll Brothers Profit Beats Estimates as Sales Gain
  Toll Brothers returned to profitability in the second quarter as a growing confidence in the beleaguered housing market drove up home deliveries and the company reported a backlog.
• Hormel Profit Rises on Lower Pork, Beef Costs
  Hormel Foods Corp. posted a higher-than-expected quarterly profit on Wednesday, boosted by Jennie-O turkey sales and lower pork and beef costs.
• Mass Layoffs Are Looming at Hewlett-Packard
  Hewlett-Packard is expected to announce deep cuts in its workforce Wednesday afternoon, when the world's largest personal computer and printer maker is scheduled to release its latest quarterly results.
• McDonald’s Plans $900 Million Issue After Record-Low Coupon
  McDonald’s Corp. is planning a two-part offering of $900 million of bonds almost four months after the world’s largest restaurant chain claimed the lowest yield on 30-year debt, according to a person familiar with the offering.
• Ralph Lauren Profit Tops Estimates as Sales Soar
  Ralph Lauren Corp. reported a higher-than-expected quarterly profit on Tuesday, helped by soaring sales, but said it expected the pace of revenue growth to slow, in part because of Europe's economic problems. The clothing company, which sells mid-tier basics to high-end...
• VeriSign Similar to Utility Stock Offering Tech Growth Within
  VeriSign (VRSN), as one of the firms that provides the backbone of the Internet naming system behind the .com structure, is like a utility stock offering a tech growth story within. While it is hard for the company to raise rates, thanks to a global regulator, its...
• Moody's Restores Ford's Investment-Grade Rating
  Moody's Investors Service raised Ford's debt ratings to investment-grade Tuesday for the first time in seven years. The upgrade means that all Ford's assets, including factories and the blue oval logo, are back in the company's hands and will no longer be used to secure the...
• Cigna: Strength In Turbulent Healthcare Market
  Cigna (CI), despite the uncertainties posed by healthcare reform under way, should be in a position to prosper, analysts believe. They cite the company s acquisitions and its focus on self-insured plans for corporate clients as strengths in an otherwise turbulent healthcare...
• Google Completes Motorola Deal, Heralding New Era
  Google has completed its $12.5 billion purchase of device maker Motorola Mobility in a deal that poses new challenges for one of the Internet's most powerful companies as it tries to shape the future of mobile computing. The deal closed Tuesday, nine months after Google Inc....
• SAP Agrees to Acquire Ariba in $4.3 Billion Deal
  SAP AG, the largest business-management software maker, agreed to buy Ariba Inc. to add a cloud-computing applications maker in a transaction valued at about $4.3 billion. SAP offered $45 a share for Ariba, whose board of directors has unanimously approved the deal,...

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