WASHINGTON - A United States government auction of wireless airwaves ended on Tuesday raising a record $19.59 billion, but winners of the valuable spectrum were not immediately identified.
LOS ANGELES - Campbell Soup Co has said on Tuesday its board had authorized it to use $600 million of net proceeds from its now-completed sale of its Godiva Chocolatier business to purchase back company stock.
CHICAGO - Kraft Foods Inc knows that commodity costs are soaring, that cash-strapped consumers are eating at restaurants less and that they and all their competitors are raising prices.
- AAR Corp , a provider of parts and maintenance services to the aviation industry, posted a 32 percent rise in third-quarter profit driven by strong performances at its structures and systems and aviation supply chain divisions.
WASHINGTON/NEW YORK - The Federal Reserve slashed United States interest rates on Tuesday, boosting Wall Street, which was already higher on stronger-than-expected investment bank earnings.
NEW YORK - Visa Inc, the world’s largegest credit card network, burned its name into the record books for United States initial public offerings on Tuesday, raising $17.9 billion in an IPO that priced above expectations.
LOS ANGELES - Darden Restaurants Inc , parent of the Olive Garden and Red Lobster restaurant chains, posted a higher net profit on Tuesday, boosted by its recently acquired LongHorn Steakhouse and Capital Grille chains.
WASHINGTON - Boeing Co’s program manager for tanker aircraft voiced great confidence on Tuesday about winning back a $35 billion aerial-refueling deal from a team that includes European archrival Airbus.