Macys is raising its fourth-quarter adjusted earnings forecast due to its strong performance in January. The department store chain is also planning to freeze its pension and executive retirement plans in an effort to better manage rising costs.
The Republicans' solution to repaying more quickly North Carolina's $2.6 billion debt to the federal government for unemployment insurance claims continued on the fast track at the General Assembly, but it's slowing down a little.
Walgreen Co. brought in more revenue from established stores than Wall Street expected last month, as the nation's largest drugstore chain saw an increase in business due to the flu and its repaired relationship with pharmacy benefits manager Express Scripts Holding Co.
The Hartford Financial Services Group Inc. on Monday reported a $46 million net loss for the fourth quarter, primarily due to losses from Superstorm Sandy in its property insurance operations.
Cardinal Health Inc.'s fiscal second-quarter net income climbed 16 percent, as generic drugs helped improve profitability for the health care products distributor
Health care service providers likely saw weak demand in the final quarter of 2012, but that may have limited impact on their shares. Investors are focused on longer-term gains from the national health care overhaul, according to a Jefferies analyst.
The rescue program for Spain's banks is on track, according to a review by EU authorities, but the country faces significant economic challenges, including high unemployment and a shrinking economy.
Goldman Sachs on Jan. 9 became the first to post daily values of its money funds. More than a half-dozen other companies have since followed suit or announced similar plans.