RBS Confirms it Fired Staff Over Libor Scandal
The state-controlled bank confirmed it dismissed employees for misconduct as a result of its investigations into the Libor interest rate rigging scandal.
Walgreen July Same-Store Sales Fall 7% on Generic Drugs, Express Scripts Customer Loss
Walgreen Co.'s (WAG) same-store sales fell a bigger-than-expected 7% during July on generic drug introductions and as the drug-store chain lost customers during its dispute with Express Scripts Holding Co. (ESRX).
P&G 4th-Quarter Net Rises 45% on Gain; Market-Share Losses Widen
Procter & Gamble Co.'s (PG) fiscal fourth-quarter earnings rose 45% due to a gain from selling Pringles, but market-share losses worsened with the company giving up ground in about two-thirds of its business and margins declined as well.
It's Time to Buck the Status Quo
There is much celebration in our society when people do what is expected of them. This isn’t meant to be a criticism of living a neat life of growing up, getting a traditional job we stick to, latching on to a life partner, doing community work, having children and marking milestones. There’s good
Buckeye Partners 2nd Quarter Net Drops 41%
Buckeye Partners L.P.'s (BPL) second-quarter earnings dropped 41% from a year-earlier period that included a hefty gain on an asset sale, while the pipeline and storage company's energy services segment also swung to an operating loss.
NYSE Euronext's Net Profit Falls On Slower Markets
Exchange operator NYSE Euronext (NYX) said Friday its second-quarter net income fell to $125 million from $154 million a year earlier due to lower trading volumes, mainly in derivatives.
Warner Chilcott 2Q Net Down 26%; Actonel Sales Slump Worldwide
Warner Chilcott PLC's (WCRX) second-quarter earnings fell 26% due to a steep decline in women's health-care product sales.
Nonfarm Payroll Up 163,000 In July, Rate At 8.3%
Job growth picked up a bit in July, the Labor Department said Friday. Total nonfarm payrolls increased by 163,000, higher than the 100,000 gain expected by Wall Street economists. The unemployment rate ticked higher to 8.3% in July from 8.2% in the previous month. This is the highest rate since
Canada Monetary Reserves Rise $103 Million in July from June
Canada's official international reserves rose $103 million in July, the federal Finance Department reported.
AOL Unveils $550 Million Share Buyback Plan, Sees Weak Response to Tender Offer
AOL Inc. (AOL) unveiled plans to buy back an added $550 million in stock after a weak response to its Dutch auction tender offer as it looks to return to shareholders all of the proceeds of its $1.1 billion patent sale to Microsoft Corp. (MSFT).