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Business News
Kellogg's sales decline as cereals remain sluggish
BATTLE CREEK, Mich. (AP) -- Kellogg's profit declined in the first quarter as the maker of Frosted Flakes and Pop Tarts continued to fight sluggish cereal sales....
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Stocks give up an early gain on Wall Street and head lower
NEW YORK (AP) -- Stocks are edging lower in early afternoon trading on Wall Street Thursday, giving up an early gain and putting the market on track for its third loss in a row. Utilities and consumer stocks fell the most. Energy companies continued to buck the downward trend and notched small gains as the price of crude oil edged higher. Investors are looking ahead to Friday's closely watched jobs report....
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Merck beats 1Q profit views with tight cost controls
Merck posted an 18 percent jump in first-quarter income, beating Wall Street expectations, as reduced spending on marketing, administration and research easily offset lower medicine sales outside the U.S....
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Sanofi presses drugmaker Medivation to take $9.3B offer
Sanofi is increasing pressure on U.S. drugmaker Medivation to discuss its acquisition offer, writing to its board of directors that the deal is a "priority" and that the Paris-based company will attempt to replace Medivation board members if they don't negotiate....
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Ford to invest $182M in software development company
DEARBORN, Mich. (AP) -- Ford says it is investing $182 million in a San Francisco software development company called Pivotal....
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