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Business

  • Zimmer's quarterly earnings up 16%
    Zimmer Holdings Inc. today reported second-quarter earnings of $176.5 million, or $1.03 per diluted common share, on net sales of $1.18 billion. That's a 16 percent increase from the $152.1 million, or 89 cents a share, on sales of $1.17 billion
  • GM quarterly profit falls 85% on recall costs
    DETROIT – Recall expenses chopped $1.5 billion from General Motors’ bottom line in the second quarter, as it added up the costs of repairs for nearly 30 million cars and set aside funds to compensate victims of small-car crashes.
  • China detains employees of suspect meat seller
    Five employees of a company accused of selling expired beef and chicken to McDonald’s, KFC and other restaurants in China were detained by police Wednesday after an official said illegal activity was an organized effort by the
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Week Ahead

Today

•Commerce Department reports on factory orders for December

Tuesday

•Institute for Supply Management releases its service sector index for January

Thursday

•Labor Department reports on weekly jobless claims

•Labor Department releases fourth-quarter productivity data

•Freddie Mac, the mortgage company, releases weekly mortgage rates

•Federal Reserve releases consumer credit data for December

•Selected chain retailers release January sales comparisons

Friday

•Commerce Department releases international trade data for December

•Commerce Department reports on wholesale trade inventories for December

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