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  • Hercules recalling 90,000 SUV tires

    DETROIT (AP) — An Ohio company is recalling about 90,000 SUV tires because the tread can separate, causing a loss of air and increasing the risk of a crash. The recall covers certain 15- and 16-inch Hercules Tire & Rubber Co. All Trac A/T tires made from June of 2008 to May of 2010. The Findlay, Ohio, company says in documents filed with U.S....

  • Taser beats Street 2Q forecasts

    SCOTTSDALE, Ariz. (AP) — Taser International Inc. (TASR) on Thursday reported second-quarter profit of $6.1 million. The Scottsdale, Arizona-based company said it had profit of 11 cents per share. The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 8 cents...

  • Delphi Automotive tops profit forecast, buys equipment maker

    NEW YORK (AP) — Delphi Automotive PLC on Thursday reported a 69 percent surge in second-quarter profit, beating Wall Street expectations, and disclosed it is buying HellermannTyton Group to boost its auto technology offerings. The vehicle parts maker said its net income rose to $645 million, or $2.23 per share, mainly on the sale of its...

  • Applications for US jobless aid rise to still-low 267,000

    WASHINGTON (AP) — More people sought U.S. unemployment benefits last week, though the increase was from a very low level and the figures still point to a healthy job market. Applications for jobless aid rose 12,000 to a seasonally adjusted 267,000, the Labor Department said Thursday. The four-week average, a less volatile figure that is a...

  • T-Mobile beats Street 2Q forecasts

    BELLEVUE, Wash. (AP) — T-Mobile US Inc. (TMUS) on Thursday reported second-quarter net income of $361 million. On a per-share basis, the Bellevue, Washington-based company said it had profit of 42 cents. The results topped Wall Street expectations. The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of...

  • Applications for US unemployment benefits rose last week to still-low level of 267,000

    WASHINGTON (AP) — Applications for US unemployment benefits rose last week to still-low level of 267,000.

  • US cuts estimates for economic growth over past 3 years

    WASHINGTON (AP) — The U.S. economy grew more slowly over the past three years than the government had previously estimated, held back by more frugal consumers and steeper spending cuts by state and local governments. The Commerce Department says the economy expanded at just a 2 percent annual rate from 2012 through 2014, down from a previous...

  • US economy posts solid 2.3 percent growth rate in Q2, helped by strong consumer spending

    WASHINGTON (AP) — US economy posts solid 2.3 percent growth rate in Q2, helped by strong consumer spending.

  • Mondelez tops Street 2Q forecasts

    DEERFIELD, Ill. (AP) — Mondelez International Inc. (MDLZ) on Thursday reported second-quarter profit of $406 million. The Deerfield, Illinois-based company said it had profit of 25 cents per share. Earnings, adjusted for non-recurring costs and restructuring costs, were 47 cents per share. The results topped Wall Street expectations. The...

  • Time Warner Cable misses Street 2Q forecasts

    NEW YORK (AP) — Time Warner Cable Inc. on Thursday reported a drop in second-quarter profit as higher costs offset a boost in subscriber growth. The cable company reported a 7.2 percent drop in profit to $463 million, or $1.62 per share. Earnings, adjusted for non-recurring gains, came to $1.54 per share. The results missed Wall Street...

  • Coca-Cola Enterprises beats Street 2Q forecasts

    ATLANTA (AP) — Coca-Cola Enterprises Inc. (CCE) on Thursday reported second-quarter net income of $176 million. The Atlanta-based company said it had profit of 75 cents per share. Earnings, adjusted for non-recurring costs and restructuring costs, were 79 cents per share. The results exceeded Wall Street expectations. The average estimate of...

  • Cigna posts Street-topping earnings

    Cigna's second-quarter earnings rose nearly 3 percent, beating estimates as the health insurer had predicted last week when it announced a plan to combine with bigger rival Anthem in a $48-billion deal. The Bloomfield, Connecticut, company said Thursday that it earned $588 million in the quarter that ended June 30, up from $573 million in the...

  • ADP misses Street 4Q forecasts

    ROSELAND, N.J. (AP) — Automatic Data Processing Inc. (ADP) on Thursday reported fiscal fourth-quarter profit of $336.2 million. On a per-share basis, the Roseland, New Jersey-based company said it had profit of 72 cents. Earnings, adjusted to account for discontinued operations, came to 55 cents per share. The results missed Wall Street...

  • Starwood Hotels tops Street 2Q forecasts

    STAMFORD, Conn. (AP) — Starwood Hotels & Resorts Worldwide Inc. (HOT) on Thursday reported second-quarter earnings of $136 million. On a per-share basis, the Stamford, Connecticut-based company said it had net income of 79 cents. Earnings, adjusted for non-recurring costs, were 84 cents per share. The results exceeded Wall Street...

  • US economy likely rebounded to solid growth rate in spring

    WASHINGTON (AP) — After a terrible winter, the economy is improving, with a solid rebound in the spring expected to be followed by stronger growth in the second half of the year. That's the view of many economists who think a steadily improving job market will give households more income to spend and boost consumer spending, which drives about...

  • Environmentalists, unions protest Pacific trade pact in Maui

    LAHAINA, Hawaii (AP) — About 400 protesters blew conch shells on a Hawaii beach to demonstrate against a trade agreement being negotiated by ministers from 12 Pacific Rim nations. The demonstrators blew into their shells in unison on Wednesday on the sand in front of the Westin Maui resort on Kaanapali Beach, where ministers were meeting this...

  • US official: Plane debris in Indian Ocean same type as MH370

    SYDNEY (AP) — A sea-crusted wing part found on an island in the western Indian Ocean may be the first trace of Malaysia Airlines Flight 370 found since it vanished nearly a year and a half ago, and a tragic but finally solid clue to one of aviation's most perplexing and expensive mysteries. Air safety investigators — one of them a Boeing...

  • Las Vegas attempts to tame rowdy Fremont Street experience

    LAS VEGAS (AP) — A bawdy gauntlet of street performers and tip-seeking costumed characters crowding Las Vegas' Fremont Street have been driving tourists away, city leaders said as they moved toward imposing new rules to rein in the rowdy atmosphere. Sin City already has banned people from drinking alcohol out of glass bottles and aluminum cans...

  • Matson to end Hawaii molasses operation, pay $15.4 million

    HONOLULU (AP) — The biggest shipping company serving Hawaii will end its molasses operation in the state and pay millions of dollars as compensation for spilling 1,400 tons of the sugary substance in Honolulu Harbor. State Attorney General Doug Chin on Wednesday called the $15.4 million settlement with Hawaii-based Matson Navigation Co. one of...

  • US home rental prices climb again in June

    WASHINGTON (AP) — U.S. home rental prices climbed much faster than incomes in June. But there are signs of slowing momentum around New York, Los Angeles and Washington. Real estate data firm Zillow says that U.S. rental prices rose a seasonally adjusted 4.3 percent in June from a year ago, roughly matching the same pace as in May. Rents...

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