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Smithfield Foods 2Q profit slides 16 percent

December 9, 2011 • BusinessComments Off

In this June 14, 2011 photo, a package of Smithfield Sliced Maple Flavor Boneless Ham, is posed, in Montpelier, Vt. Smithfield Foods Inc. said Thursday, Dec. 8, 2011, its fiscal second-quarter net income slid 16 percent compared with last year’s quarter, when some market factors helped the pork producer firm up its prices. (AP Photo/Toby [&hellip...

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Costco profit up slightly, struggles with costs

December 9, 2011 • BusinessComments Off

Jenni Weber and her son Jacob, 7, of Portland, shops at a Costco store Wednesday, Dec. 7, 2011, in, Portland, Ore. Costco Wholesale Corp. said Thursday, Dec. 8, 2011, its fiscal first-quarter profit rose 2.6 percent percent as shoppers spent more on gasoline...

Exxon Mobil predicts surge in hybrid vehicles

December 9, 2011 • BusinessComments Off

FILE – This file photo taken, Oct. 26, 2006, shows an Exxon logo seen at a Dallas gas station. Exxon expects to see more and more hybrids on the world’s roads, with gas-sipping models like the Toyota Prius making up half of all vehicles by 2040....

Simpler credit card agreement gets a tryout

December 8, 2011 • BusinessComments Off

Rich Cordray, Assistant director of Enforcement for the Consumer Financial Protection Bureau (CFPB), listens as Treasury Secretary Timothy Geithner, not pictured, speaks to the media encouraging Congress to approve Cordray’s nomination to head the CFPB,...

USDA awards $10.4 million in food safety grants

December 8, 2011 • BusinessComments Off

United States Department of Agriculture Deputy Secretary Kathleen Merrigan, right, listens to Michigan State University professor of Biosystems Engineering Bradley Marks explain the work going on in his lab in East Lansing, Mich., Wednesday, Dec. 7, 2011. The...

US, Alaska lease sales nab $24M in high bids

December 8, 2011 • BusinessComments Off

Alaska Division of Oil and Gas director Bill Barron announces bids at a state petroleum lease sale on Wednesday, Dec. 7, 2011, at Dena’ina Civic and Convention Center in Anchorage, Alaska. Combined high bids for the sales was just under $21 million. All...

Foreigners in China squeezed by pensions, taxes

December 8, 2011 • BusinessComments Off

In this photo taken on Dec. 1, 2011, commuters walk past a foreign clothing company advertisement inside a subway station in Beijing. Foreign companies that are looking to China to shore up wilting global sales have been hit by higher payroll taxes,...

At least 85 taken into custody as SF camp cleared

December 8, 2011 • BusinessComments Off

Occupy San Francisco demonstrators rally in San Francisco, Wednesday, Dec. 7, 2011 near the encampment that was closed by authorities earlier in the day. (AP Photo/Paul Sakuma) SAN FRANCISCO (AP) — At least 85 people were arrested as police cleared San...

JC Penney buying stake in Martha Stewart Living

December 8, 2011 • BusinessComments Off

FILE – In this May 10, 2006 file photo, a customer leaves a JC Penney Department store in Cupertino, Calif. Beginning in February 2013, customers will be able to visit distinct Martha Stewart retail stores inside the majority of jcpenney department...

Families demand prosecutions in W.Va. mine blast

December 8, 2011 • BusinessComments Off

Clay Mullins, brother of Rex Mullins, a victim of the Upper Big Branch mine explosion, meets with officials from the U.S. Department of Labor’s Mine Safety and Health Administration, Tuesday, Dec. 6, 2011 in Beaver, W.Va. Officals said that the new...