SEATTLE - Warning of an economic “tailspin,” Starbucks Corp outlined long-awaited plans to turn around its United States business on Wednesday, but details from new coffee machines to a rewards program for frequent customers failed to excite investors, who sent shares down 4 percent.
NEW YORK - Stocks fell on Wednesday as plunging gold and oil prices drove energy and mining shares lower, and speculation that Merrill Lynch & Co may need to take more write-downs deflated growing optimism that the credit crisis was abating.
NEW YORK - Visa Inc shares soared as much as 38 percent on Wednesday in their debut on anticipation of strong growth in credit card usage, handing a much-need payday to the United States banks among Visa’s stakeholders.
LOS ANGELES - Nike Inc posted a 32 percent rise in quarterly net profit on Wednesday, well above expectations, boosted by a weak dollar and strong international demand, especially in China, sending shares up 5 percent.
NEW YORK - Chrysler LLC expects to post a “large” decline in March United States sales compared with a year earlier, reflecting the automaker’s decision to pull back from less profitable deals for car rental agencies, Chrysler sales chief Jim Press has said on Wednesday.
NEW YORK - Chrysler LLC expects to post a “large” decline in March United States sales compared with a year earlier, reflecting the automaker’s decision to pull back from less profitable deals for car rental agencies, Chrysler sales chief Jim Press has said on Wednesday.
BOSTON/SAN FRANCISCO - Intel Corp , the world’s largegest computer chip maker, will soon expand its distribution of low-cost educational laptops to retail distributors in the United States and Europe, a company executive has said on Wednesday.
SEATTLE - Starbucks Corp outlined long-awaited plans to turn around its business on Wednesday, but a new coffee roast and loyalty program for frequent customers failed to excite investors, who sent shares down nearly 3 percent.