E-Z-Go parent company reports profit of $212 million

...fourth quarter, with double digit revenue growth at Textron Aviation, Textron Systems and Industrial," said Textron Chairman and CEO Scott Donnelly. "Operationally, we achieved year-over-year margin improvement in the quarter at Textron Aviation...

P&G fiscal 2Q earnings drop, hurt by exchange rates

...percent and reduce its topline by 5 percent.The company's stock slid 3 percent before markets opened Tuesday.P&G Chairman and CEO A.G. Lafley said in a statement from the company that during the quarter, nearly every currency in the world lost...

Business news

...and Monday morning's denial, IBM shares rose about 4 percent.Mattel CEO quits after disappointing quarterMattel Chairman and CEO Bryan Stockton has resigned after the struggling maker of Barbie dolls and Hot Wheels cars reported fourth-quarter...

Target to exit Canada, shutting down 133 stores

MINNEAPOLIS - Target is shutting down in Canada.Target Corp. Chairman and CEO Brian Cornell said Thursday that the company was unable to find a realistic scenario in which the 133-store Target Canada would...

MetLife to challenge 'too-big-to-fail' tag

...regulation of the life insurance industry and has operated under a stringent state regulatory system for decades," said Chairman and CEO Steven Kandarian. "However, adding a new federal standard for just the largest life insurers and retaining a different...

Ford takes air bag recall nationwide

...including The New York Times, The Wall Street Jour nal and three German publications. The ads, featuring a letter from Chairman and CEO Shigehisa Takata, said the company will work with the NHTSA and automakers to expand the recalls by increasing production...

Halliburton buying Baker Hughes in $34.6 billion deal

...companies had begun to slow capital spending and new drilling as rising costs cut into profit margins.Halliburton Chairman and CEO Dave Lesar said Monday that the combined company will be able toreduce costs by $2 billion a year.The oil plunge...

These retailers could use some holiday cheer

...Critics say Sears has failed to update shabby and tired stores.Billionaire hedge fund manager Edward Lampert, now chairman and CEO, combined Sears and Kmart in 2005, about two years after he helped bring Kmart out of bankruptcy. But that merger...

Delta chairman and CEO plans to step down

...Grinstein, a 16-year member of the board, as Mullin's replacement as CEO. It said John F. Smith Jr., a former chairman and CEO of General Motors Corp., would take over as chairman of the board in April. According to a news release, Mullin's...

Lowe's chairman and CEO to retire next year

...succeeded by president Robert A. Niblock. Niblock, 41, who has been president just over one year, immediately becomes chairman and CEO-elect of the nation's second-largest home improvement retailer, behind Home Depot, Lowe's said in a statement...