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Alcoa Inc., the world's third-largest aluminum producer, said second-quarter profit fell 24 percent as surging costs for energy and materials outpaced metal price increases. The shares rose after profit topped analyst estimates. ...more
July 9, 2008
Vehicle retailer CarMax said Tuesday that it plans to open new stores and expand even amid a difficult economic environment and rising gas prices. ...more
June 25, 2008
Airline executives are continuing to cut jobs and consider new fees on passengers as they battle high fuel prices that could result in record losses for the nation's carriers. ...more
June 19, 2008
DHL, the struggling U.S.-based express shipping unit of German postal service Deutsche Post AG, wants UPS to carry some of its air packages. The collaboration between rivals with past legal battles would give UPS a hefty new revenue stream and help DHL cut costs. ...more
May 29, 2008
If you are looking for a sign the economy is still in need of repair, you can find it at Lowe's Cos. ...more
May 20, 2008
Hewlett-Packard Co. started its fiscal year with a first-quarter profit above analyst expectations and predicted its performance will improve in the months ahead, providing a ray of hope in the gathering economic gloom. ...more
February 20, 2008
Defying the gloom that many retailers are feeling, Wal-Mart Stores Inc. expects a more profitable year selling to penny-pinching shoppers after its renewed focus on low prices paid off during the holidays with a 4 percent rise in fourth-quarter profit. ...more
February 20, 2008
Major retailers' cautious ordering of goods is expected to salvage what could have been dismal fourth-quarter profit, but the 2008 outlook looks more sobering. While stores can manage how much merchandise they order, they can't direct consumer spending - which is on the skids. ...more
February 15, 2008
Google's fourth-quarter profit missed analyst expectations, signaling that the crumbling U.S. economy has dented the Internet search leader's moneymaking machine. ...more
February 1, 2008
Media General, the parent company of The Tampa Tribune, TBO .com and WFLA, Channel 8, said Thursday that 2007 fourth-quarter profit dropped 70 percent, hurt by write-downs, one less week in the quarter and less political revenue. ...more
February 1, 2008
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