Wal-Mart posts stronger profit

Fri, 18 May 2012 02:21:00 -0500

Wal-Mart Stores Inc. reported a 10.1 percent increase in first-quarter profit that beat Wall Street estimates as its re-emphasis on low prices drove bargain-hungry U.S. shoppers into its stores.
U.S. jobless claims stay unchanged

Fri, 18 May 2012 02:20:00 -0500

The number of people seeking U.S. unemployment benefits was unchanged last week, suggesting modest but steady gains in the job market.
Facebook's $16 billion IPO among largest ever

Fri, 18 May 2012 02:20:00 -0500

Facebook's initial public offering of stock is shaping up to be one of the largest ever. The world's definitive online social network is raising at least $16 billion, a big windfall for a company that began eight years ago with no way to make money.
Toyota to expand Alabama plant

Fri, 18 May 2012 02:20:00 -0500

Toyota Motor Manufacturing Alabama plans on expanding its Huntsville engine plant by 300,000 square feet, adding an additional 125 jobs to the region.
Facebook set to price initial public offering

Thu, 17 May 2012 11:07:00 -0500

NEW YORK - Facebook's initial public offering could be one of the largest in history if its stock prices at the high end of its expected range on Thursday.
Economy still shows signs of recovery

Thu, 17 May 2012 01:09:00 -0500

Maybe the U.S. economy's strength this winter wasn't just weather-related after all. Home construction is near a three-year high. And factory output has risen in three of the year's first four months.
Facebook investors to cash out more shares

Thu, 17 May 2012 01:09:00 -0500

Insiders and early Facebook investors are taking advantage of increasing investor demand and selling more of their stock in the company's initial public offering, the company said Wednesday.
Working toward synergy

Thu, 17 May 2012 01:04:00 -0500

The organizers of a Montgomery leadership summit have a simple goal: Change the world.
Atlanta unveils new $1.4 billion terminal

Thu, 17 May 2012 01:04:00 -0500

A sleek new $1.4 billion international terminal featuring airy windows and eye-popping artwork opened Wednesday at the world's busiest airport in hopes of positioning Atlanta to attract more globe-trotting travelers.
Buffett's firm buys GM stake, boosts IBM position

Wed, 16 May 2012 00:55:00 -0500

J.C. Penney on Tuesday reported a larger-than-expected loss in the first quarter largely because customers were turned off by the retailer's new plan to get rid of heavy discounting periodically throughout the year in favor of everyday low pricing.
Dimon rebuked for $2B loss

Wed, 16 May 2012 00:54:00 -0500

The CEO of JPMorgan Chase offered a quick but blunt apology to shareholders Tuesday for a $2 billion trading loss that "should never have happened" and survived a push to strip him of the title of chairman of the board.
Lack of Facebook trust may limit ads

Wed, 16 May 2012 00:54:00 -0500

Facebook's reach is wide but not deep. Few users surveyed in an Associated Press-CNBC poll say they click on the site's ads or buy the virtual goods that make money for it.
Yahoo loses another CEO, setting back rebound again

Tue, 15 May 2012 01:06:00 -0500

Yahoo still has credibility issues, even after casting aside CEO Scott Thompson because his official biography included a college degree that he never received.
Air bag investigation ongoing

Tue, 15 May 2012 01:06:00 -0500

- Federal safety regulators are investigating a complaint that a car owner's ear was cut in half when a side air bag inflated in a Hyundai Elantra.
Shareholders may give Dimon a pass

Tue, 15 May 2012 01:06:00 -0500

JPMorgan Chase CEO Jamie Dimon owned up to stock analysts and went on TV to accept blame for a $2 billion trading mistake. Next he faces shareholders, who are considerably less wealthy since the blunder was disclosed.
John Norris: NASCAR fans -- Are they losing interest?

Sun, 13 May 2012 02:00:00 -0500

I watched some of the highlights from last week's race at Talladega on the TV, and it looked like there were a lot of empty seats.
Salon owner offers styling with family atmosphere

Fri, 11 May 2012 19:26:00 -0500

After 23 years of cutting and styling hair, Rachelle Baker went out on her own last September. The Lee High School graduate is glad she did. "I just didn't want to work for someone else anymore," she said. "I had always worked for someone else." Baker ope
USDA predicting record corn harvest this summer

Fri, 11 May 2012 19:24:00 -0500

Consumers could see some relief from higher food prices by late fall, if the latest government crop forecast holds up. The U.S. Agriculture Department predicted Thursday that corn production will total a record 14.8 billion bushels.
Criticism follows JPMorgan loss

Sat, 12 May 2012 03:12:00 -0500

JPMorgan Chase faced intense criticism Friday for claiming that a surprise $2 billion loss by one of its trading groups was the result of a sloppy but well-intentioned strategy to manage financial risk.