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Updated: 13 hours 1 min ago

Joh. A. Benckiser to Buy Peet's Coffee for $1 Billion

Mon, 07/23/2012 - 12:35pm
Joh. A. Benckiser agreed to buy Peet's Coffee & Tea, giving the closely held German holding company about 190 specialty cafes in the U.S. and access to an expanding grocery business.

Lobbying Works! How Big Spenders Reap Big Stock Gains

Mon, 07/23/2012 - 11:30am
New analysis from Strategas Research Partners shows irrefutable evidence that companies are getting a real bang for their buck on the money they spend trying to influence lawmakers.

Markets Sink on Fears Over Spanish, Greek Debt Crisis

Mon, 07/23/2012 - 11:30am
Global markets continue their decline Monday morning on worries over the ongoing European debt crisis.

Why Outsourcing Is Good For America

Mon, 07/23/2012 - 11:30am
"If we're going to sell cars in China it makes sense to build a plant in China," says Michael Tanner, a senior fellow at the libertarian think-tank Cato Institute.

At Caterpillar, Pressing Labor for Concessions

Mon, 07/23/2012 - 11:30am
Workers in an Illinois factory are protesting a call by the construction equipment manufacturer for a six-year wage freeze and a pension freeze.

Penn State Hit With $60 Million Fine

Mon, 07/23/2012 - 11:30am
The governing body of U.S. college sports on Monday banned Penn State University from post-season football bowl games for four years, fined the school $60 million and imposed other sanctions.

'Dark Knight Rises' Reportedly Earns $160 Million

Mon, 07/23/2012 - 11:30am
Citing box office insiders, The Hollywood Reporter, Los Angeles Times, New York Times and other media outlets reported Sunday that the latest Batman sequel earned $160 million to $162 million.

Will China's Appetite Trigger Commodity Conflicts, Scarcity?

Mon, 07/23/2012 - 9:30am
"Simply put, the Chinese are on a global shopping spree," says international economist Dambisa Moyo. "And its voracious commodity appetite is unlikely to abate significantly even if China's economic growth rates were to cool."

McDonald's Profit Slips on Foreign Exchange Rates

Mon, 07/23/2012 - 9:30am
McDonald's says net income slipped 4% in the second quarter as a result of unfavorable foreign currency exchange rates.

Libor Scandal Will End With Lawsuits, a Whimper

Mon, 07/23/2012 - 8:25am
"This plays out with banks paying out a huge bunch of money," says Zachary Karabell, president of RiverTwice Research.

Can the U.S. Handle a Manufacturing Comeback?

Mon, 07/23/2012 - 8:25am
As signs point to a resurgence of American-made goods, a new fear is emerging: that there won't be enough skilled workers to keep up with demand.

Halliburton Profit Rises on International Business

Mon, 07/23/2012 - 8:25am
Halliburton, the world's second-largest oilfield services company, posted a marginal increase in second-quarter profit as its international revenues grew.

CNOOC To Buy Canada's Nexen for $15.1 billion

Mon, 07/23/2012 - 6:55am
One of China's three major state-owned oil producers said it has agreed to buy Canadian oil and gas producer Nexen for $15.1 billion in cash.

Futures Signal Lower Wall Street Open

Mon, 07/23/2012 - 6:55am
Stock futures pointed to a weaker open on Wall Street on Monday, with futures for the S&P 500, the Dow Jones and the Nasdaq 100 falling 0.8 to 0.9%.

Investor Confidence Trails Consumers Most Since 1995

Mon, 07/23/2012 - 6:55am
U.S. consumer confidence and equity valuations are diverging the most in 17 years as the economy and profit growth leave stock prices behind.

US Poverty On Track to Rise to Highest Since 1960s

Mon, 07/23/2012 - 6:55am
The ranks of America's poor are on track to climb to levels unseen in nearly half a century, erasing gains from the war on poverty in the 1960s.

Apple vs Samsung Patent Trial Kicks Off in Australia

Mon, 07/23/2012 - 6:55am
Apple and Samsung began the latest round of their long-running global patent war as an Australian judge began hearing evidence for an anticipated three-month trial.

Spanish Debt Risk Soars to Record as Regions Ask for Assistance

Mon, 07/23/2012 - 6:55am
The cost of insuring against default on Spanish sovereign debt soared to a record on speculation more regional governments will follow Valencia in asking for aid.

Barclays Deputy Chairman Drops Out of Race

Mon, 07/23/2012 - 6:55am
Barclays deputy chairman, Mike Rake, has dropped out of the race to become the bank's next chairman.

Duke Merger Future Clouded by Rift With State Regulators

Mon, 07/23/2012 - 6:55am
Duke Energy faces a divided board, alienated regulators and demoralized employees as state officials investigate management upheaval.

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