Although the Canadian company started to make money again much sooner than many observers had expected, much of that profitability can be traced to its cost-cutting initiatives.
... * Dow to get $2 bln in cash, $2.2 bln in Olin stock. * Olin to assume $800 mln of pensions and other liabilities. * Dow shareholders will hold about 50.5 pct of Olin.
NEW YORK (TheStreet) -- Stocks inched higher on Friday afternoon, recovering from an earlier drop, ahead of Federal Reserve Chair Janet Yellen's monetary policy speech.
(Bloomberg) -- Following is the transcript from the University of Michigan Post Consumer Sentiment call with Dr. Richard Curtain, University of Michigan.
Mike Kane/BloombergAmazon CEO Jeff Bezos. The Seattle-based company has long eyed the high-end fashion retail sector and any deal for Net-a-Porter would mean a new commitment in an area where the company lacks a strong presence, Forbes said.