PepsiCo announced on Thursday that while third-quarter net profits fell by 37 percent due to taxes, earnings were up by a higher-than-expected 17 percent when one-time charges were excluded. This led the beverages and snack foods company to raise its outlook on full-year earnings. The growth was driven by strong international sales and domestic demand [...]

General Motors has announced that it will continue its development of hybrid vehicles even though at this point the company will lose money on the project. The company said that it will pursue hybrid technology in order to boost its credentials as an environmentally-conscious firm. The chairman and chief executive of GM said that the [...]

US electronics and telecommunications company Motorola is said to be considering selling off its automotive products unit, a move some say could bring in over $1 billion. The sale would fit into the plans of the company’s chief executive, who has been focusing more on the telecommunications side of its business. Selling the automotive products [...]

Google has filed papers with the US Securities and Exchange Commission that say it will sell 14.16 million of its class A shares, but it was close-mouthed about what it would use the money realized from the sale for. The filing included a warning that it might use the funds for purposes that “do not [...]

The US airline sector saw gains on Tuesday on the news that Delta Air Lines will sell one of it’s units and that the outlook for Northwest Airlines is good. In afternoon trading, the American Stock Exchange Airline Index was up 3.9 percent to 49.36 points despite further gains in the price of crude oil, [...]

Agilent Technologies, the world’s biggest testing equipment maker, has announced that it is instituting a restructuring that will see it shed its semiconductor unit, cut 1,300 jobs, and cut costs by $450 million. Next year, the company also said, it will spin off its system-on-chip and memory test business. Agilent said that these moves would [...]

Maytag Corp. has declared a $21 per share takeover offer from Whirlpool to be a “superior proposal” and made the recommendation that shareholders vote to reject a rival bid by private-equity group Ripplewood Holdings and its acquisitions unit, Triton. In a statement released on Friday afternoon, Maytag said that it would violate its fiduciary duty [...]

Time Warner has settled a lawsuit filed by shareholders over the media giant’s merger with America Online in 2001. After the merger, which cost Time Warner $124 billion, stock values plummeted on stalled growth, prompting the litigation which claimed that AOL had inflated sales figures in order to close the deal. The settlement will cost [...]

Chain-store sales in the United States rose for the fifth straight week in the last week of July, according to a survey by the International Council of Shopping Centers and UBS. Consumers, spurred on by hot weather, continued to purchase seasonal products. Back-to-school buying also helped the gain in sales, although sales in this category [...]

Under pressure from stockholders to raise stock prices, Wendy’s International Inc. will offer up to 18 percent of it’s portion of the Tim Horton donut chain to the public and close as many as 450 of it’s Wendy’s fast food restaurants, it was announced on Friday. The value of shares in Wendy’s have risen by [...]