Business Wire

Wal-Mart Stores Inc. says November same-store sales rose 3.4 percent thanks to consumers shopping more ahead of the holidays as gas prices dropped.

Viacom says it will slash about 850 jobs and freeze some senior-level raises in a move to weather the global economic downturn. It will take a pretax restructuring charge of $400 million to $450 million in the fourth quarter.

Shares of Mattel are soaring today after a big court victory for the toy giant that could leave a lot of young girls upset.

Toyota is starting to feel the pinch of the global slowdown at home.

Honda says it's cutting jobs in Great Britain and Japan because of plunging auto demand.