May 1, 2012 THE ASSOCIATED PRESS
Pfizer Inc. said Tuesday that its first-quarter profit fell 19 percent, due to legal and other charges and new generic competition to blockbuster cholesterol pill Lipitor cutting U.S. sales by 15 percent despite the drugmaker offering big rebates and discounts to keep patients on its brand.
May 1, 2012 THE ASSOCIATED PRESS NEW YORK
A media industry group says The Wall Street Journal remains the No. 1 U.S. newspaper with average weekday circulation of 2.1 million, about the same as a year earlier.
Apr 27, 2012
Drug maker Merck & Co. said Friday that its first-quarter profit jumped 67 percent despite lower-than-expected sales, due to lower spending on production, marketing and research as well as an arbitration charge a year ago.
Apr 26, 2012 BLOOMBERG NEWS
Lockheed Martin Corp., the world’s largest defense company, reported first-quarter profit rose 20 percent as Robert Stevens, the chairman and chief executive officer, announced plans to retire.
Apr 25, 2012 GENEVA
Swiss bank Credit Suisse Group reported a 95 percent drop in net profit for the first quarter Wednesday as it took big charges on its debts and paid out higher bonuses.
Apr 24, 2012 NEW YORK
When Verizon Wireless started selling the iPhone, AT&T; sounded a defiant note, saying that its customers would remain loyal. A year later, it's clear that the Verizon iPhone has crimped AT&T;'s stride.
Apr 24, 2012 THE ASSOCIATED PRESS HARTFORD
United Technologies’ net income from continuing operations rose more than 19 percent during the first quarter even as the company acknowledged some drag from slowing economic growth in the United States, China and Europe.
Apr 23, 2012 THE ASSOCIATED PRESS WASHINGTON
The college class of 2012 is in for a rude welcome to the world of work. A weak labor market already has left half of young college graduates either jobless or underemployed in positions that don’t fully use their skills and knowledge.
Apr 22, 2012 By Carol Costello TELEGRAM & GAZETTE STAFF SHREWSBURY
John Millette, 52, knows what it’s like to be unemployed and searching for a job. After being discharged from the Navy in 1985, he worked for a decade at Digital Equipment Corp. and another five years for the company’s successor, Quantum Corp. in Shrewsbury, until the company finally closed its doors at that location. His despair led to a series of personal struggles until he found his way to the Bedford VA Medical Center in Bedford.
Apr 19, 2012 BLOOMBERG NEWS
Wall Street banks will have two years to implement the so-called Volcker rule so long as they make a “good faith” effort to comply with the ban on proprietary trading, U.S. regulators said.
Apr 19, 2012 DALLAS
Southwest Airlines Co. earned $98 million in the first quarter, helped by deals designed to blunt the pain of higher jet fuel prices.
Apr 19, 2012 NEW YORK
Bank of America said Thursday that it set aside less money to cover bad loans in the first three months of the year than it has since before the 2008 financial crisis.
Apr 19, 2012 HELSINKI
Struggling cellphone maker Nokia Corp. blamed tougher-than-expected competition, particularly in the smartphone market, for a huge €929 million ($1.2 billion) net loss in the first three months of the year.
Apr 17, 2012 NEW YORK
Goldman Sachs said Tuesday that one measure of its profit more than doubled in the first quarter, and the bank announced plans to raise its dividend.
Apr 17, 2012
Johnson & Johnson said Tuesday that first-quarter profit jumped 12.5 percent as lower spending on research, sales and administration more than made up for a slight decrease in sales due to generic competition.
Apr 17, 2012 THE ASSOCIATED PRESS WASHINGTON
The International Monetary Fund is more optimistic about the global economy after seeing faster U.S. growth and a coordinated effort in Europe to address its debt crisis.
Apr 16, 2012 THE ASSOCIATED PRESS NEW YORK
Citigroup, which has 4,600 branches in 40 countries, boasts that it is the most global American bank. That reach paid off big time in the first three months of the year.
Apr 15, 2012 By Craig S. Semon TELEGRAM & GAZETTE STAFF WORCESTER
When Furs By Michael opened its doors 56 years ago, there were 15 furriers in the city.
Apr 12, 2012 BLOOMBERG NEWS
Federal Reserve Bank of New York President William C. Dudley said the economy may be gaining strength even as the weakest job growth in five months highlights risks to growth.
Apr 11, 2012 THE ASSOCIATED PRESS HELSINKI
Nokia Corp. today warned that heavy competition will hit first-quarter performance, especially in developing markets, and that it expected no improvement in the second quarter. The news sent shares down 18 percent.
Apr 10, 2012 TOKYO
Sony Corp. more than doubled its projected annual loss to 520 billion yen ($6.4 billion), its worst red ink ever, due to a massive tax charge.
Apr 10, 2012 THE ASSOCIATED PRESS PALM BEACH GARDENS, Fla.
President Barack Obama is renewing his call for Congress to raise taxes on millionaires, traveling to Florida to make a populist, election-year pitch on an issue that draws a sharp contrast with GOP presidential candidate Mitt Romney.
Apr 5, 2012 By Peter Lattman THE NEW YORK TIMES
Over the last few decades, a handful of deal makers have reigned over the private equity industry, wielding vast influence over Wall Street and, more broadly, the world economy.
Apr 3, 2012 THE ASSOCIATED PRESS LOS ANGELES
Newspapers are returning to a business strategy that served them well in the heyday of street-corner newsboys shouting the front-page news. They’re enticing people with a little free online content before asking them to pay up.
Apr 3, 2012 THE ASSOCIATED PRESS WASHINGTON
The Associated Press said Tuesday that its revenue declined in 2011 for the third straight year, but the drop was significantly smaller than the previous two years.