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U.S. News

Hasbro sales rise on international demand for action toys

Hasbro Inc., the second-largest U.S. toy maker, reported an 8.2 percent increase in quarterly sales, helped by strong demand for its boys’ toys such as action figures based on Transformers...

Posted on 7-21-2014 at 7:44 AM

AbbVie to buy Shire for $54.8B for tax benefit

AbbVie Inc. agreed to buy Shire Plc for about 32 billion pounds ($54.8 billion US), becoming the latest U.S. health-care company to shift its tax residence abroad in a record surge in...

Posted on 7-18-2014 at 8:24 AM

FedEx faces U.S. criminal charges over online pharmacies

FedEx Corp. was indicted on Thursday for shipping packages from illegal online pharmacies despite repeated warnings from U.S. drug enforcement officials, according to a court filing.

Posted on 7-18-2014 at 8:14 AM
U.S. jobs data upbeat, but housing starts fall sharply

U.S. jobs data upbeat, but housing starts fall sharply

The number of Americans filing new claims for unemployment benefits unexpectedly fell last week, suggesting the labor market recovery was gaining traction.

Posted on 7-17-2014 at 9:42 AM

Mattel sales fall as Barbie stumbles again

Mattel Inc., the world's largest toymaker, reported its third straight fall in quarterly revenue as sales for the iconic Barbie doll declined the most since mid-2009.

Posted on 7-17-2014 at 9:30 AM

Time Warner investors want higher bid, bigger cash ratio from Murdoch

To clinch a deal to buy Time Warner Inc., Rupert Murdoch's Twenty-First Century Fox Inc. will not only need to raise the value of its bid above $80 billion but also boost its ratio of cash...

Posted on 7-17-2014 at 7:10 AM
U.S. economic activity expands in Fed's 12 districts

U.S. economic activity expands in Fed's 12 districts

The U.S. economy continued to expand in recent weeks, with manufacturing activity widening and employers in several parts of the country reporting difficulties finding skilled workers, the...

Posted on 7-16-2014 at 2:43 PM
Obama administration seeks urgent curb on offshore tax deals

Obama administration seeks urgent curb on offshore tax deals

The Obama administration called for immediate congressional action to stop U.S. companies from using cross-border mergers to escape the country’s tax system, the latest trend in corporate...

Posted on 7-16-2014 at 1:13 PM

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