More Business - !movers And Shakers Articles

  • On-line report says more than 100 Sears and Kmarts closing nationwide; none in Colorado

    Rich Laden
    Updated: 22 hr ago

    Seeking Alpha, an on-line information provider that covers the financial markets, reported Thursday that Sears Holdings Corp., the umbrella company for Sears and Kmart, is closing more than 100 Kmart, Sears and Sears Auto centers nationwide and cutting nearly 5,500 jobs. Most of...

  • Corporate earnings gains drive US stock higher

    Updated: 22 hr ago

    NEW YORK (AP) — Impressive results from Caterpillar, 3M and other big companies are driving stocks sharply higher in midday trading. The gains powered a surge in industrial stocks, which rose 2.4 percent, nearly twice as much as the rest of the market. Southwest Airlines gained 2...

  • Brazilian companies raise Chiquita offer to $681M

    Updated: 22 hr ago

    NEW YORK (AP) — Brazilian companies Cutrale and Safra said they are again raising their bid for banana producer Chiquita, to $681 million — a day before Chiquita shareholders are expected to vote on a combination with Irish fruit importer Fyffes. Chiquita Brands International Inc....

  • Coke names new marketing chief amid struggles

    Updated: 22 hr ago

    NEW YORK (AP) — Coca-Cola is replacing its chief marketing officer as the world's biggest beverage maker fights to boost flat soda sales. The Atlanta-based company says Marcos De Quinto, a company veteran, will replace Joe Tripodi starting Jan. 1. The change for the maker of Sprite,...

  • Newport maker Lorillard's 3Q profit jumps 12 pct

    Updated: 22 hr ago

    RICHMOND, Va. (AP) — Newport maker Lorillard Inc.'s third-quarter profit jumped 12 percent as higher cigarette prices helped offset a decline in the number of cigarettes it sold. The nation's No. 3 tobacco company, which is being acquired by competitor Reynolds American Inc., also...

  • Jarden 3Q profit climbs; company plans stock split

    Updated: 23 hr ago

    NEW YORK (AP) — Jarden Corp. (JAH) said Thursday its net income and revenue climbed in the third quarter as sales of branded products rose. The owner of brands including Crock-Pot, Mr. Coffee, Coleman camping gear and Yankee Candle said its net income grew to $108.6 million, or 87...

  • Gauge of US economy posts solid 0.8 percent gain

    Updated: 23 hr ago

    WASHINGTON (AP) — A gauge designed to predict the economy's future health posted a solid increase in September after no gain in the previous month. The Conference Board said Thursday that its index of leading indicators rose 0.8 percent last month following a flat reading in August...

  • Corporate earnings gains drive US stock higher

    Updated: 23 hr ago

    NEW YORK (AP) — Impressive results from Caterpillar, 3M and other big companies are driving stocks sharply higher in midday trading. The gains powered a surge in industrial stocks, which rose 2.4 percent, nearly twice as much as the rest of the market. Southwest Airlines gained 2...

  • No workplace injuries mean another award for MechOne Inc.

    By Wayne Heilman wayneh@gazette.com -
    Updated: 23 hr ago

    For a company whose employees make and install sheet metal in commercial air conditioning and heating systems, you'd expect at least one on-the-job injury a year. But MechOne Inc. of Colorado Springs has never had an injury that caused an employee to miss work in its 14-year history....

  • Caterpillar beats Street 3Q forecasts

    Updated: 23 hr ago

    PEORIA, Ill. (AP) — Caterpillar's belt-tightening paid off in the third quarter as the manufacturer easily beat Wall Street expectations and raised its outlook for the year. Shares rose more than 4 percent Thursday. The company has wrestled with a slowing global economy and took a...

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