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Safeway forecasts better-than-expected 2013

Safeway forecasts better-than-expected 2013

Safeway Inc. is forecasting better-than-expected financial results for 2013. The Pleasanton, Calif.-based grocer says it expects earnings of $2.25 to $2.45 per share for 2013. That's above the $2.24 Wall Street expected. Safeway, which runs its namesake supermarket chain as well as Vons, Dominick's

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Ahead of the Bell: AeroVironment

Ahead of the Bell: AeroVironment

AeroVironment Inc. shares plunged almost 25 percent before Wednesday's opening bell on worries that the defense company's profits and sales could continue to tumble this year as a result of lower government demand. After Tuesday's closing bell, the Monrovia, Calif.-based company announced lower-tha

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Ahead of the Bell: Citi analyst downgrades Penney

Ahead of the Bell: Citi analyst downgrades Penney

A Citi analyst lowered her rating on J.C. Penney on Wednesday, saying she doubts that the department store chain can soon fix the pricing missteps that have decimated sales. Analyst Deborah Weinswig lowered her rating on the struggling retailer to "Neutral" from "Buy." She dropped her price target

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Too much money spent in Iraq for too few results

Too much money spent in Iraq for too few results

Ten years and $60 billion in American taxpayer funds later, Iraq is still so unstable and broken that even its leaders question whether U.S. efforts to rebuild the war-torn nation were worth the cost. In his final report to Congress, Special Inspector General for Iraq Reconstruction Stuart Bowen's

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Egyptian steel tycoon jailed for profiteering

Egyptian steel tycoon jailed for profiteering

An Egyptian court on Wednesday convicted a Hosni Mubarak-era steel magnate of profiteering and squandering public funds, and handed him a 37-year prison sentence and $296 million fine — the heaviest penalty yet against a former regime official since the longtime autocrat's fall two years ago. Ahm

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Gilead Sciences rises on new HIV drug data

Gilead Sciences rises on new HIV drug data

Shares of Gilead Sciences Inc. moved higher Tuesday after the company reported more clinical trial data for an experimental HIV pill. Gilead had previously said the new pill, called TAF, worked about as well as the company's Stribild tablet in a mid-stage clinical trial, but had lower rates of side

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A look at which stocks drove the Dow to a record

A look at which stocks drove the Dow to a record

Prices matter. That's crucial to understanding how the Dow Jones industrial average climbed to a record high of 14,253.77 on Tuesday. The Dow is a price-weighted average, which means that each $1 move in the price of a Dow stock has the same effect on the average. Companies with expensive stocks hav

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News Summary: Platinum surges on So. Africa strike

News Summary: Platinum surges on So. Africa strike

STRIKE: Prices for platinum and palladium surged Tuesday after Lonmin, one of the world's largest producers of platinum metals, said Tuesday that workers went on strike at one of its mines in South Africa. SIGNS OF GROWTH: Silver and copper rose after some encouraging economic reports. Activity in t

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How the Dow 30 have performed since Oct. 9, 2007

The Dow Jones industrial average closed at 14,253.77 on Tuesday, 0.6 percent higher than its previous record close on Oct. 9, 2007. Here's a snapshot of how the 30 stocks within the benchmark index have performed since then. Home Depot posted the biggest percentage jump over that time, and much of

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News Summary: Natural gas vehicle sales rising

News Summary: Natural gas vehicle sales rising

NATURAL GAS SALES: Ford sold a record 11,600 trucks and vans powered by natural gas in 2012. Other companies are also seeing gains. WHY THEY'RE RISING: Unlike gasoline and diesel prices, which have risen more than 30 percent since 2007, natural gas prices are low thanks to a spike in production. Com

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Sears, Google, Cree are big movers

Sears, Google, Cree are big movers

Stocks that moved substantially or traded heavily Tuesday on the New York Stock Exchange and the Nasdaq Stock Market: NYSE Walgreen Co. (WAG), down $1.05 at $40.72 The Deerfield, Ill.-based drugstore chain said that sales from stores open at least a year fell 0.6 percent in February. Nautilus Inc.

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For many, rally into Dow record feels empty

For many, rally into Dow record feels empty

The Dow roared to a record Tuesday. Yet the market's run-up feels worlds away from the lives of many Americans. Wages have only recently started to recover after months of declines that stretched family budgets thin. Unemployment is stuck near 8 percent, high enough that most Americans still know p

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Official: Billions Wasted in Iraq Rebuilding

Official: Billions Wasted in Iraq Rebuilding

In his final report to Congress, Special Inspector General for Iraq Reconstruction Stuart Bowen's conclusion was all too clear: Since the invasion a decade ago this month, the U.S. has spent too much money in Iraq for too few results. (March 6)

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Platinum prices surge after South Africa strike

Platinum prices surge after South Africa strike

Prices for platinum surged Tuesday following a strike at a platinum mine in South Africa. Lonmin, one of the world's largest platinum producers, said workers went on strike briefly at one of its mines, but later returned to work. The mine has been the site of bloody confrontations between police an

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Mine company won't reopen Dominican contract

Mine company won't reopen Dominican contract

The company that operates the huge Pueblo Viejo gold mine in the Dominican Republic is resisting calls from the country's government to renegotiate its royalty contract. Barrick Pueblo Viejo spokesman Jorge Esteva says in a TV interview that renegotiating the 2009 contract is "not on the table." Es

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Over 100 cos. hit new highs, helped by Dow surge

Over 100 cos. hit new highs, helped by Dow surge

More than 100 companies ranging from retailers to Internet giants, food makers and industrial companies rose to annual, multiyear or all-time highs Tuesday as the Dow Jones surged to its own record peak, giving a needed boost to investment portfolios and retirement funds that took big hits during t

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CommonWealth shares fall after offering closes

CommonWealth shares fall after offering closes

CommonWealth REIT's shares fell Tuesday after the real estate investment trust completed a stock offering, despite the objections of two major shareholders. THE SPARK: CommonWealth REIT completed an offering of 34.5 million shares of the company Tuesday. The company plans to use the proceeds of roug

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E2open shares hit new high on analyst endorsement

E2open shares hit new high on analyst endorsement

E2open Inc.'s stock climbed to its highest price since its initial public stock offering last summer after an industry analyst predicted the company will grow steadily during the next few years as more manufacturers buy its online software services for managing orders of parts and other supplies. T

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Impax Labs plunges on new manufacturing problems

Impax Labs plunges on new manufacturing problems

Shares of Impax Laboratories Inc. lost about a quarter of their value Tuesday after the drugmaker disclosed new problems at a manufacturing plant in California. THE SPARK: After the market closed on Monday, Impax said the Food and Drug Administration identified 12 different problems at the Hayward,

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Will Spanish speakers struggle to navigate ACA?

Will Spanish speakers struggle to navigate ACA?

Thousands of non-English speaking Floridians who go online to sign up for Medicaid and other welfare programs are met with a frustrating barrier — the state's main webpage is only in English, even though the applications a few clicks away are translated in Spanish and Creole. Health advocates wor

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