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Black & Decker Corp. shares rose sharply Monday after it raised its third-quarter profit outlook because of cost-cutting and lower prices for parts, as well as a lower tax rate.
Casino operator MGM Mirage, majority-owned by billionaire Kirk Kerkorian, said Wednesday that it plans to raise $2.5 billion through stock and bond offerings to pay off some of its more than $14 billion in debt and strengthen its balance sheet.
Eddie Bauer Holdings Inc. shares lost more than 40 percent of their value Thursday after the outdoorsy clothing retailer warned the recession had put it in jeopardy of violating some loan requirements.
Casino operator Las Vegas Sands Corp. told its president and chief operating officer last week that he was going to be replaced, only for William P. Weidner to resign from his posts four days later, a regulatory filing revealed on Tuesday.
Competition among casual restaurant operators heated up Tuesday, as Denny's Corp. launched free Grand Slam breakfasts in an effort to reacquaint customers with its brand and showcase its meals as value-friendly options for cash-conscious consumers.
Best Buy Co., nation's largest consumer electronics chain, narrowed its fiscal 2009 adjusted earnings forecast Friday and said it will take an approximately $60 million fourth-quarter charge related to some employee buyouts.
Borders Group Inc., which has struggled along with other booksellers as people buy more books online and from discounters, announced a new CEO and other top managers Monday as it also reported weak holiday sales.
The Washington Post and The (Baltimore) Sun, facing cost pressures as advertising revenue continues to sink, said Tuesday that they will share some stories, photos and news content starting next year.
Unique challenges in 2008 — including an economy in recession — has a group representing more than 3 million U.S. businesses on pace to spend even more on lobbying this year than it has in other election years.
TiVo Inc. said Wednesday it will launch a new high-definition digital video recorder under an extended agreement with DirecTV Group Inc., reigniting a once-cooling relationship.
Theme-park operator Six Flags Inc., which has been struggling with falling attendance and a large debt load, said Thursday it will sell seven of its 30 North American parks for $312 million.
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