Business Stories from October 22, 2012 (Change date)
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Navistar, Cummins finalize agreement to supply enginesOct 23, 2012 9:35 am - PRNewswire LISLE — Navistar International Corp. finalized an agreement to have Cummins Inc. supply heavy-duty diesel engines and emissions aftertreatment technologies fo...
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Former U.S. attorney Fitzgerald takes job at Chicago law firmOct 23, 2012 11:27 am - Former U.S. Attorney Patrick Fitzgerald has a new job. Fitzgerald plans to join Skadden, Arps, Slate, Meagher & Flom LLP. Fitzgerald will become a partner in the corpora...
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Oil price rises on Middle East conflict fearsOct 22, 2012 1:50 pm - Oil prices rose Monday after violence in Lebanon sparked fears of wider unrest in the Middle East. By early afternoon in Europe, benchmark oil for November delivery was ...
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Black cab maker goes into administrationOct 22, 2012 9:29 am - LONDON — The maker of London’s world famous black cabs says it will go into administration after failing to secure an injection of cash from one of its largest sharehold...
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Why Greg Smith left Goldman SachsOct 22, 2012 4:32 pm - Greg Smith wrote the essay that echoed across Wall Street like a thunderclap. Smith was a vice president at Goldman Sachs until March. He announced his departure from t...
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Caterpillar cuts 2012 guidance on weak economyOct 23, 2012 9:19 am - MINNEAPOLIS — Caterpillar Inc. cut its profit and revenue guidance on Monday, saying the world’s economic conditions “are weaker than we had previously expected.” The Pe...
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Hasbro 3Q profit falls 4 pct, revenue dropsOct 22, 2012 9:13 am - PAWTUCKET, R.I. — Weakness in its boys and preschool categories globally and the stronger dollar pushed toy maker Hasbro Inc.’s third-quarter net income down by 4 percen...
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FedEx sees online shoppers powering holiday recordOct 22, 2012 4:33 pm - NEW YORK — FedEx expects to ship 280 million packages between Thanksgiving and Christmas, up 13 percent from a year ago, thanks to consumers’ growing fondness for shoppi...
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Philips Q3 earnings rise, growth economies helpOct 22, 2012 9:30 am - AMSTERDAM — Royal Philips Electronics NV, the maker of electric shavers, light bulbs and medical imaging equipment, saw earnings more than double in the third quarter, t...
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Russia’s Rosneft buys out TNK-BPOct 22, 2012 1:50 pm - MOSCOW — Russian state-owned oil giant Rosneft strengthened its hold on the country’s lucrative oil industry when it sealed a $61 billion deal, buying TNK-BP, the joint ...