- Caesars unit seeks more time for bankruptcy plan Updated: Oct-09-15 6:11 am
LAS VEGAS - The debt-heavy subsidiary of casino giant Caesars Entertainment Corp. is again asking a federal court to give it more time to file its bankruptcy plan to get out from under $10 billion of its $18.4 billion in debt.
- Gap shares fall on disappointing sales at Banana Republic Updated: Oct-08-15 7:48 pm
NEW YORK - The creative director for Gap's Banana Republic brand is stepping down after 18 months in that role.
- Alcoa misses Street 3Q forecasts, stock slips Updated: Oct-08-15 6:45 pm
Falling aluminum prices dragged down profit and revenue at Alcoa Inc., contributing to third-quarter results that fell short of Wall Street expectations.
- Deutsche Bank shares slip on dividend warning Updated: Oct-08-15 1:22 pm
BERLIN - Shares in Deutsche Bank dropped Thursday after the company said it would post a multibillion-euro loss in the third quarter and may scrap this year's dividend payment.
- Judge dismisses bankruptcy case related to Erie Otters sale Updated: Oct-08-15 9:42 am
ERIE, Pennsylvania - A federal bankruptcy judge has dismissed the Chapter 11 bankruptcy case filed by the former owner of the Erie Otters junior hockey team.
- Domino's Pizza shares fall on weaker than expected 3Q profit Updated: Oct-08-15 8:33 am
ANN ARBOR, Michigan - Shares of Domino's Pizza fell sharply in premarket trading Thursday after the pizza chain reported weaker than expected earnings for the third quarter.
- Monsanto to eliminate 2,600 jobs, posts 4Q loss Updated: Oct-07-15 3:49 pm
WASHINGTON - Monsanto Co. said Wednesday it will eliminate 2,600 jobs as part of a cost-saving plan designed to deal with falling sales of its biotech seeds and herbicides, which pushed its quarterly losses deeper into the red.
- Bankruptcy judge approves chemical spill company's plan Updated: Oct-07-15 2:42 pm
CHARLESTON, West Virginia - More than $2 million will be distributed to residents and businesses affected by a 2014 chemical spill in West Virginia under a liquidation plan approved by a bankruptcy judge.
- West Virginia revenue slide continues as energy prices drop Updated: Oct-07-15 11:01 am
CHARLESTON, West Virginia - West Virginia's budget gap has topped $60 million as low energy prices continue to dampen tax collections.
- Samsung 3Q operating profit surges, shares jump 9 percent Updated: Oct-07-15 3:49 am
SEOUL, South Korea - Samsung Electronics announced a forecast-beating profit for the third quarter Wednesday, sending its share price up nearly 9 percent, but analysts said strong component sales and favorable currency exchange rates masked persistent weakness in its smartphone business.
- Wal-Mart expands protein bars to main grocery aisles Updated: Oct-06-15 6:18 pm
NEW YORK - Protein and health bars at Wal-Mart are getting ready for prime time.
- Yum's stock plunges after KFC parent's slow China recovery Updated: Oct-06-15 4:57 pm
LOUISVILLE, Kentucky - Shares of Yum Brand plunged in late trading Tuesday after the owner of KFC, Pizza Hut and Taco Bell cut its profit outlook for the year, citing a slower-than-expected comeback for its key China division.
- 'Catfish' TV production firm won by creditors of Relativity Updated: Oct-06-15 3:28 pm
NEW YORK - A bankruptcy judge in New York has approved a deal in which major creditors of Relativity Media will take over its television business, responsible for creating such shows as "Catfish" for MTV and "Limitless" for CBS.
- PepsiCo boosted by smaller chip bags, non-soda drinks Updated: Oct-06-15 10:28 am
PURCHASE, New York - Smaller bags of potato chips and drinks that do not have Pepsi printed on them are helping push up PepsiCo's sales.
- For Volkswagen, costs of scandal will be piling up Updated: Oct-06-15 2:18 am
FRANKFURT, Germany - For Volkswagen, the cost of its cheating on emissions tests in the U.S. is likely to run into the tens of billions of dollars and prematurely end its long-sought status as the world's biggest carmaker.
- Alcoa announces $1B fastener deal with Airbus Updated: Oct-05-15 3:27 pm
NEW YORK - Metals maker Alcoa, which said last week it will split itself into two companies, on Monday announced a $1 billion contract with aircraft maker Airbus.
- US services growth slows in September as orders plunge Updated: Oct-05-15 2:58 pm
WASHINGTON - Growth in the U.S. services sector slowed in September as sales fell and new orders plunged, evidence that stock market volatility may have hit consumer confidence and limited spending.
- American Apparel files for Ch. 11 bankruptcy protection Updated: Oct-05-15 7:34 am
NEW YORK - American Apparel has filed for Chapter 11 bankruptcy protection almost a year after ousting founder Dov Charney, who is now locked in a contentious a legal fight with the retailer.
- Sales tax collections boost Arkansas revenue above forecast Updated: Oct-02-15 10:48 am
LITTLE ROCK, Arkansas - Arkansas finance officials say the state's sales tax collections beat expectations for the sixth month in a row, boosting the state's revenue nearly $50 million above forecast so far this fiscal year.
- Russian second largest airline in crisis as bankruptcy looms Updated: Oct-02-15 10:15 am
MOSCOW - Russia's second-largest airline, Transaero, is in crisis after two creditors on Friday said they will file bankruptcy proceedings following the collapse of a takeover plan.
- Miller Energy files for bankruptcy protection Updated: Oct-01-15 9:02 pm
KENAI, Alaska - An energy company primarily doing business in Alaska has filed for bankruptcy protection.
- US auto sales show big gains, except at Volkswagen Updated: Oct-01-15 5:53 pm
DETROIT - September was a blockbuster sales month for the U.S. auto industry - except at Volkswagen, where an emissions scandal forced the company to halt sales of most of its diesel-powered vehicles.
- Dunkin' expects sales at stores open at least a year to slow Updated: Oct-01-15 5:23 pm
NEW YORK - Shares of Dunkin' Brands fell more than 12 percent Thursday after the company said it expects sales to slow from the previous quarter at its doughnut shops.
- GM warns the Valley: Prepare to compete over driverless cars Updated: Oct-01-15 3:19 pm
MILFORD TOWNSHIP, Michigan - Move that tiny self-driving pod out of the way.
- Clarification: Volkswagen-Chattanooga story Updated: Oct-01-15 2:09 pm
CHATTANOOGA, Tennessee - In a story Sept. 30, The Associated Press reported that production of diesel-engine Passat sedans had been halted at Volkswagen's lone U.S. plant in light of the emissions scandal facing the world's largest automaker. The company said later that production of 2016 model diesel Passats will continue, but that the vehicles will be held at the plant until a remedy for emissions is released through Volkswagen's headquarters in Wolfsburg, Germany.