Heinz adapting to new economic realities

Thursday, November 17th, 2011

PORTLAND, Ore. (AP) — H.J. Heinz Co knows that every penny counts in this economy. The worlds biggest ketchup makers second-quarter profit fell yet narrowly beat expectations on an adjusted basis Friday as it focused on fast-growing emerging markets. But in struggling developed markets such as the U.S. and Europe, ...

White-collar blues

Thursday, November 3rd, 2011

Cheap and cheerful ... call centres are not the only jobs being offshored, as digitisation is making all kinds of work transferable to the lowest cost point on the globe. As companies feel the squeeze on profits, it's jobs that will get squeezed out. Leonie ...

Amex lifts 3Q profit 13pc

Sunday, October 23rd, 2011

AMERICAN Express reported a 13 per cent jump in third-quarter profit, as the companys borrowers increased spending by 16 per cent and losses from bad loans continued to decline. Results for the New ...

Stocks soar; Dow in positive territory for 2011

Thursday, October 20th, 2011

A broad rally swept through Wall Street Friday as several big companies reported solid earnings and investors expressed optimism that a weekend meeting will bring European leaders closer to easing the continent's debt crisis.The encouraging corporate news was in line with recent signs that the U.S. economy strengthened in September after ...

Occupy Wall Street protests go global

Thursday, October 13th, 2011

Are you attending or covering the protests? Send us your photos and videos, and follow the worldwide movement on Open Story. (CNN) -- Thousands of people across the world railed against corporate power, grinding poverty and government cuts Saturday as the Occupy Wall Street movement spread to the streets of ...