SAN FRANCISCO (Reuters) - Starbucks Corp on Thursday said that for the first quarter in its history, the number of visits to its established U.S. stores fell as economic worries and two recent price hikes spooked customers, sending shares nearly 9 percent lower.
WASHINGTON (Reuters) - U.S. consumer prices rose briskly last month on energy costs, but outside volatile energy, inflation was largely contained, leaving room for the Federal Reserve to cut interest rates to bolster a slowing economy.
NEW YORK (Reuters) - U.S. stocks sank on Thursday, their sixth drop in the past seven sessions, on worry that credit losses from mortgage defaults and slumping home prices would grow worse, hurting the economy and corporate profits.
NEW YORK (Reuters) - Fannie Mae said it will hold a conference call on Friday to answer accounting questions, after Fortune magazine reported that the U.S. mortgage lender may be "camouflaging" credit losses.
BOSTON (Reuters) - BEA Systems Inc posted a better-than-expected 59 percent rise in quarterly net profit as margins improved, and the business software maker said the results validated its decision to reject a takeover bid from Oracle Corp .
CHICAGO (Reuters) - Tyco Electronics Ltd , a maker of components for cars, aerospace and industrial uses, posted a fourth quarter profit on Thursday that exceeded Wall Street estimates as it continued a restructuring.
NEW YORK (Reuters) - Gannett Co Inc's USA Today, the largest U.S. newspaper by circulation, said it will cut 45 positions, or 8.8 percent of the editorial staff, through voluntary buyouts.
ATLANTA (Reuters) - Kohl's Corp , a mid-priced retailer of apparel and home goods, reported a nearly 14 percent drop in third-quarter net income, and cut its earnings forecast for the holiday selling season and full year.
WASHINGTON (Reuters) - The U.S. Federal Communications Commission said on Thursday it approved AT&T Inc.'s acquisition of Dobson Communications Corp. .
NEW YORK (Reuters) - Mail services provider Pitney Bowes Inc on Thursday unveiled a restructuring that calls for it to cut some 1,500 jobs, and also said it would increase its share buyback and boost its dividend.
