Business News

Lowe's quarterly report lower than 2010 Q3

ABJ - November 14 - Lowe’s Companies, Inc., the world’s second largest home improvement retailer, reported net earnings of $225 million for the quarter ending October 28, a 44.3 per cent decline from the same period a year ago. Diluted earnings per share decreased 37.9 ...
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Commerce Dept., FedEx launch exports initiative

ABJ - November 11 - U.S. Commerce Secretary John Bryson and Michael Ducker, FedEx Executive Vice-President and COO, have announced a new effort, known as the Global Buyers Initiative (GBI), designed to help U.S. small- and medium-sized businesses reach more markets and sell more products ...
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Kohl's reports third quarter results

ABJ - November 10 - Kohl's Corporation has reported results for the fiscal period ending October 29. Kohl's Corporation reported third quarter diluted earnings per share increased 40 per cent to 80 cents. Net income for the quarter increased 20 per cent ...
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GM Q3 net income reaches $1.7B

ABJ - November 9 - General Motors Co. has announced third quarter net income attributable to common stockholders of $1.7 billion, or $1.03 per fully-diluted share. In the third quarter of 2010, GM’s net income attributable to common stockholders was higher at $2 billion, or ...
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Productivity up, labor costs down in third quarter

ABJ - November 8 - Nonfarm business sector labor productivity increased at a 3.1 per cent annual rate during the third quarter of 2011, the U.S. Bureau of Labor Statistics reports, with output and hours worked rising 3.8 per cent and 0.6 per cent, respectively. ...
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October sees little change in jobless rate

ABJ - November 7 - Nonfarm payroll employment continued to trend up in October (+80,000), while the unemployment rate was little changed at nine per cent, according to a report by the U.S. Bureau of Labor Statistics. Employment in the private sector ...
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Exxon Mobil releases 2011 Q3 results

ABJ - October 27 - “Exxon Mobil’s results for the third quarter of 2011 reflect a continued commitment to operational integrity, disciplined investing and superior project execution,” Rex Tillerson, Chairman of Exxon Mobil, said in a statement. Third quarter earnings of $10.3 ...
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Secretary of Commerce sworn in by Obama administration

ABJ - October 25 - John Bryson has been sworn as the United States’ 37th Commerce Secretary. Secretary Bryson will be a key member of President Barack Obama’s economic team and will work to implement the administration’s top economic priority: accelerating job creation. Bryson will ...
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Caterpillar Inc. reports record-high revenues

ABJ - October 24 - Continued improvement in demand, a company-wide focus on effectively managing the ramp-up through the Caterpillar Production System, and focused cost management drove third quarter sales and revenues and profit for Caterpillar Inc. The company has reported third quarter 2011 profit ...
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General Electric reports earnings increase for Q3

ABJ - October 21 - General Electric (GE) has announced third quarter 2011 operating earnings of $3.4 billion, or 31 cents a share, up 11 per cent, from the third quarter of 2010. During the quarter, GE gave notice of redemption for ...
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