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Business News
Deere recalls more than 2,000 lawn tractors for crash risk
NEW YORK (AP) -- Deere is recalling more than 2,000 lawn tractors because the brake arm can fail and cause a crash....
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US stocks waver between gains and losses; Allstate slumps
NEW YORK (AP) -- U.S. stocks moved between small gains and losses on Tuesday as investors assessed the latest company earnings reports and deal news. Allstate slumped after the insurance company reported earnings that missed analysts' expectations. Pharmaceutical maker Baxalta jumped after rival Shire agreed to buy the company for about $30 billion. Apple fell sharply for a second day....
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CVS earnings rise despite no tobacco fix
Pricey specialty drugs helped CVS Health cope with tobacco withdrawal and top analyst expectations in the second quarter....
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Kellogg's US breakfast business shrinks again
BATTLE CREEK, Mich. (AP) -- Kellogg says its U.S. breakfast foods division saw another decline in quarterly sales but that trends in the cereal category were improving....
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Freddie Mac posts $4.2B profit in 2Q; paying $3.9B dividend
WASHINGTON (AP) -- Mortgage giant Freddie Mac reported net income of $4.2 billion for the second quarter, up sharply from the same period of 2014, as it increased its purchases of home loans and sold off greater volumes of riskier mortgages....
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