GM board to get early update on CEO search: source
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Reuters
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18 minutes ago The board of General Motors Co will get an update on the search for a new chief executive by next month as a recruiting firm compiles a short list of candidates, a person familiar with the process said.
U.S. CEOs' economic view brightens
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Reuters
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21 minutes ago U.S. chief executives' outlook on the economy improved in the fourth quarter, although most still are not ready to step up hiring or increase capital spending, according to a Business Roundtable survey released on Tuesday.
U.S. factory and services revenue to grow, dollar a risk
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Reuters
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29 minutes ago U.S. economic growth will resume in 2010, leading to a rebound in manufacturing and services sector revenues, but the weak dollar poses risks, industry experts said on Tuesday.
3M, McDonald's drag Wall Street lower
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Reuters
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30 minutes ago Stocks fell on Tuesday after a disappointing outlook from 3M Co and a second straight month of falling domestic sales at McDonald's Corp triggered concern about consumer spending.
BofA Merrill shakes up retirement unit
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Reuters
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40 minutes ago Bank of America Merrill Lynch named three executives on Tuesday to run its $450 billion retirement services business, including rehiring a former executive who left earlier this year.
3M issues cautious forecast, shares lower
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Reuters
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1 hour, 44 minutes ago Diversified manufacturer 3M Co issued a cautious outlook for 2010 on Tuesday, saying tight credit conditions and other headwinds would make economic recovery "patchy and slow."
CIT Group seeks judge's OK on bankruptcy exit plan
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Reuters
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1 hour, 51 minutes ago U.S. small business lender CIT Group Inc headed to court on Tuesday to ask a New York bankruptcy judge for approval of its prepackaged reorganization plan.
McDonald's U.S. same-store sales dip amid price fight
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Reuters
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1 hour, 59 minutes ago McDonald's Corp said sales at established U.S. restaurants fell for the second straight month as competitors like Burger King and Taco Bell pushed low prices to attract customers.
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