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U.K. Retailers, Housing Show GainsImportant parts of the British economy appear to be in recovery, with surveys showing a strong pickup in retail sales and housing-market sentiment in October. ... |
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Buffett to Sell UNP, Norfolk StakesBurlington Northern's CEO said Berkshire Hathaway is completely liquidating its stakes in rival railroad companies Norfolk Southern and Union Pacific. ... |
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Sprint to Cut Up to 2,500 JobsSprint Nextel said it plans to cut 2,000 to 2,500 workers by year's end as the struggling cellphone-service provider looks to cut annual costs by at least $350 million. ... |
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Merger Costs Hit Live Nation, TicketmasterLive Nation's third quarter profit dropped while Ticketmaster's rose amid higher revenue at both firms. ... |
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Dow Surges to New 2009 HighThe Dow leapt 204 points to its highest finish since Oct. 3, 2008, amid a broad rally powered by renewed investor hunger for risk. ... |
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Pfizer to Close 6 Research SitesPfizer, digesting its $68 billion takeover of rival Wyeth, will close six of its 20 research sites in the latest round of cost cutting by drug makers. ... |
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