The Minneapolis band Cloud Cult offers a unique pairing of music with live painters onstage. And proceeds from the art help boost the group’s bottom line. WSJ’s John Jurgensen reports. (May 10)
AIG executives sought to explain why the insurer was raising $12.5 billion in new capital, but shares fell nearly 9%.
Clear Channel’s net soared on gains from asset sales. Revenue fell at its radio business.
Nissan Motor’s Carlos Ghosn will likely be cautious about making firm commitments about the company’s financial goals when he announces earnings and a new five-year business plan Tuesday, analysts say.
Sotheby’s posted a first-quarter loss on a shortfall in auction-commission revenue and higher operating costs.
FedEx cut its quarterly-profit forecast again, citing unrelenting fuel-price increases and soft demand. The shipping company’s warning is the latest sign of continued weakness in the U.S. economy.
Triarc swung to a first-quarter loss of $67.5 million as the owner of the Arby’s restaurant chain booked a loss on its investment in Deerfield Capital.