Honda reported that its net earnings in last quarter  were battered by the strong yen and supply disruptions from Thailand’s floods.  Honda‘s net earnings dropped 41% to 47.6 billion yen ($625 million).  Quarterly sales dropped 8% during the fiscal third quarter to 1.942 trillion yen. The company also predicted a sharply lower full-year profit.  Honda scrapped its earnings forecast when... 

Barnes & Noble is finding itself locked in the fight of its life.  Barnes & Noble is the last major bookstore chain standing.  B. Dalton Bookseller and Crown Books have been gone for a while and Borders collapsed last year. William J. Lynch Jr., C.E.O. of Barnes & Noble, has set the goal of carving out digital future for the company while its profit and share price are under pressure... 

Google’s acquisition of the cellphone maker Motorola Mobility has been approved by American and European antitrust regulators without formal conditions.  Approval of the deal had been expected.  The deal is worth $12.5 billion and would bring Google 19,000 new employees, a manufacturing enterprise, and a successful cellphone software business.  The deal still needs a few more regional approvals... 

Federal regulators have approved Capital One’s bid for ING Direct USA, rejecting criticism that the deal would create another too-big-too-fail bank.  Capital One spokeswoman, Tatiana Stead, said in a statement, “We are very pleased that the Federal Reserve has approved our acquisition.”  Ms. Stead added, “With the Fed’s approval, Capital One has the opportunity to build upon the strong... 

Kellogg announced plans to buy Procter & Gamble‘s Pringles division.  Under the terms of the Kellogg deal, the company will pay $2.695 billion in cash for Pringles.  Mr. Bryant said in a statement, “We are excited to announce this strategic acquisition.  Pringles has an extensive global footprint that catapults Kellogg to the number two position in the worldwide savory snacks category, helping... 

General Motors announced that its profits for the year were larger than expected, meaning that the company’s hourly workers in the United States will receive profit-sharing checks of up to $7,000 next month.  GM earned $7.6 billion in 2011, 62% higher than the $4.7 billion earned a year ago.  A formula in the United Automobile Workers union’s new contract with GM will give payments of up to $7,000... 

Apple has announced the details of its new operating system.  The next version of Apple’s OS X operating system for its Mac computers, called Mountain Lion, introduces several new features that move it closer to iOS, the software running on iPhones and iPads.  Apple has released the early version of Mountain Lion to software makers so that they can start making apps for the operating system and... 

We are all familiar with the inscription that reads: “Designed by Apple (NYSE:AAPL) in California. Assembled in China.” This inscription is beginning to raise some eyes due to some unfavorable working conditions by some of those assembly firms in China. The parts Apple uses in many of its products comes from a collection of more than 150 companies from all over the world. Most of the parts we are... 

Goldman Sachs Group (NYSE:GS) CEO Lloyd Blankfein’s stock bonus will be taking a hit for the first time since the financial crisis began, a recent indication that the executives on Wall Street are paying for the year’s lack of success and performance. In 2011 Blankfein was awarded shares worth $7 million, down from his $12.6 million bonus for 2010. Goldman did not, however,  share about Blankfein’s... 

The Food and Drug Administration is investigating Johnson & Johnson unit Animas Corp., the unit that makes insulin pumps for diabetics.  The company is accused of selling pumps known to fail and neglecting to promptly report cases where the company’s products might have caused or contributed to death or serious injury.  The unit has been warned that the company could face fines and other sanctions...