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Apple shares drop 20 percent from peak

November 8, 2012 • BusinessComments Off

FILE – In this Friday, Nov. 2, 2012, file photo, An Apple specialist hands over the new Apple iPad mini to be purchased at an Apple store, in San Francisco. Apple’s stock is falling along with a sell-off in the broader market on Wednesday, Nov. 7, 2012. The stock of the world’s most valuable company [&hellip...

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Tweets mock Diane Sawyer as ‘tipsy,’ ‘hammered’

November 8, 2012 • BusinessComments Off

FILE – In this March 24, 2012 photo, Diane Sawyer attends Aretha Franklin’s seventieth birthday party in New York. Sawyer’s Election Night performance left some viewers asking if she had begun celebrating Tuesday’s election a bit early....

WellPoint 3Q profit up, stock down after election

November 8, 2012 • BusinessComments Off

FILE- This July 17, 2012, file photo, shows the corporate headquarters of WellPoint in Indianapolis. WellPoint said Wednesday, Nov. 7, 2012, in the third quarter, it earned $691.2 million, or $2.15 per share. That’s up from $683.2 million, or $1.90 per...

Macy’s 3Q net income rises, but Sandy impact looms

November 8, 2012 • BusinessComments Off

In this Feb. 20, 2011 photo, the outside of a Macy’s store is shown in Dallas. Macy’s Inc.’s fiscal fourth-quarter net income surged 50 percent, driven by a strong holiday selling season. Macy’s is reporting Wednesday, Nov. 7, 2012, a...

Kraft’s profit rises as it embraces startup spirit

November 8, 2012 • BusinessComments Off

This Feb. 9, 2011, photo, shows containers of Kraft mayonnaise and Miracle Whip, at a Ralphs Fresh Fare supermarket in Los Angeles. Kraft Foods is embracing the spirit of a startup and betting that innovation will help it grow, as the maker of household names...

Asian stocks fall as US tallies presidential vote

November 7, 2012 • BusinessComments Off

President Barack Obama and first lady Michelle Obama walk off Air Force One after arriving at O’Hare International Airport in Chicago, Tuesday, Nov. 6, 2012. (AP Photo/Paul Beaty) BANGKOK (AP) — Asian stock markets fell Wednesday as traders watched...

News Corp 1Q earnings beat Street; revenue close

November 7, 2012 • BusinessComments Off

FILE – In this Oct. 12, 2011 file photo, people walk in front of the News Corporation building in New York. News Corp. said Tuesday, Nov. 6, 2012, that net income for the latest quarter tripled from a year ago, reflecting a one-time gain from the sale...

CVS Caremark 3Q profit up 16 pct. as sales rise

November 7, 2012 • BusinessComments Off

FILE- In this Feb 7, 2012 file photo, pedestrians walk pass a CVS store in Chicago. CVS Caremark Corp. said Tuesday, Nov. 6, 2012, that its third-quarter earnings climbed 16 percent. The drugstore operator and pharmacy benefits manager posted revenue...

Strike hits Greece in bid to derail austerity plan

November 7, 2012 • BusinessComments Off

Protesters march to the Greek Parliament in Athens on Tuesday Nov. 6, 2012. Greece’s unions are holding their third general strike in six weeks to press dissenters in the country’s troubled coalition government not to back a major new austerity...

Stocks rise as investors wait for a winner

November 7, 2012 • BusinessComments Off

FILE – In this Thursday, Sept. 20, 2012 file photo, trader Frederick Reimer works on the floor of the New York Stock Exchange. Trading is expected to be light on Election Day Tuesday, Nov. 6, 2012, as many investors remain on the sidelines. (AP...