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  • AK Steel reports 2Q loss

    WEST CHESTER, Ohio (AP) — AK Steel Holding Corp. (AKS) on Tuesday reported a loss of $64 million in its second quarter. The West Chester, Ohio-based company said it had a loss of 36 cents per share. The results beat Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for a loss of 37 cents...

  • SuperValu tops 1Q profit forecasts

    EDEN PRAIRIE, Minn. (AP) — SuperValu Inc. (SVU) on Tuesday reported fiscal first-quarter profit of $61 million. On a per-share basis, the Eden Prairie, Minnesota-based company said it had profit of 23 cents. The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for...

  • Reynolds American beats 2Q profit forecasts

    WINSTON SALEM, N.C. (AP) — Reynolds American reported a surge in second-quarter profit with cigarette prices and volume rising. The nation's second-biggest tobacco company topped Wall Street profit expectations, boosted its profit guidance and dividend and announced a 2-for-1 stock split. Net income more than tripled to $1.93 billion, or...

  • Corning tops 2Q profit forecasts

    CORNING, N.Y. (AP) — Corning Inc. (GLW) on Tuesday reported second-quarter profit of $496 million. On a per-share basis, the Corning, New York-based company said it had net income of 36 cents. Earnings, adjusted for non-recurring costs, were 38 cents per share. The results topped Wall Street expectations. The average estimate of nine analysts...

  • Consol reports 2Q loss on sales decline, higher costs

    CANONSBURG, Pa. (AP) — Consol Energy reported a bigger second-quarter loss as weak coal sales dragged revenue lower and exploration costs increased. With natural gas prices faltering and demand for coal continuing to erode, the company fell short of Wall Street's expectations for profit and revenue. The energy market is shifting rapidly and in...

  • Scholars drawn to conflict zones stoke college safety debate

    BOSTON (AP) — Some U.S. colleges with overseas-study programs won't touch Ukraine. Tufts University, on the other hand, is drawn to the turmoil in the former Soviet republic, which the U.S. State Department deemed dangerous for travel. The potential to help activists and scholars, Tufts professor Peter Levine says, outweighs the risks posed by...

  • Magazine ranks Broadmoor World Arena 2nd of southwest venues under 10,000 seats

    The Broadmoor World Arena, with a capacity just under 10,000, was recognized by Venues Today magazine's 2015 summer rankings as one of the premier mid-sized venues in the country. The venue ranked second in the southwest region with trendsetting, record-breaking attendance and premier management recognition. The Broadmoor World Arena came...

  • China stocks fall for second day, Europe rises

    BEIJING (AP) — Chinese stocks fell further Tuesday after suffering their biggest drop in eight years the previous day while most other Asian markets declined and Europe rose. KEEPING SCORE: The Shanghai Composite Index dropped 3.8 percent in early trading but recovered to end down 1.7 percent at 3,663.00. In Europe, Germany's DAX was up 1.4...

  • Wyndham tops Street 2Q forecasts

    PARSIPPANY, N.J. (AP) — Wyndham Worldwide Corp. (WYN) on Tuesday reported second-quarter net income of $159 million. On a per-share basis, the Parsippany, New Jersey-based company said it had profit of $1.33. Earnings, adjusted for non-recurring gains, were $1.32 per share. The results exceeded Wall Street expectations. The average estimate...

  • House, Senate on collision course in highway debate

    WASHINGTON (AP) — Senators overruled heated conservative opposition Monday and added a measure reviving the federal Export-Import Bank to must-pass highway legislation. But House Republicans declared the Senate transportation bill dead on arrival. The developments set the two chambers on a collision course days ahead of a crucial highway...

  • China stocks volatile after big fall, Hong Kong rises

    BEIJING (AP) — China's stock market was volatile Tuesday after falling the most in eight years the day before while other markets also flitted between gains and losses. KEEPING SCORE: The Shanghai Composite Index wavered, falling 3.8 percent in early trading and then recovering. It was recently down 0.7 percent at 3,699.93. Hong Kong's Hang...

  • Fiat Chrysler settlement with gov't could prove costly

    DETROIT (AP) — Fiat Chrysler could be required to lay out billions of dollars to get potentially defective Ram pickups and older Jeeps off the road under a deal with safety regulators to settle claims that the automaker mishandled nearly two dozen recalls. The Italian-American automaker must offer to buy back 500,000 Ram pickup trucks and...

  • Lockheed Martin to layoff 270 in Colorado Springs after losing key contract

    Lockheed Martin Corp. has informed 270 employees in Colorado Springs they will lose their jobs in September, when a key contract ends and moves to Raytheon Co., unless the Government Accountability Office upholds the defense giant's protest of the $700 million contract award in March. Lockheed Martin said Monday in a statement it was required...

  • 3 pension funds sue New Jersey for billions in damages

    Three public workers' pension funds are suing New Jersey for billions in damages, claiming the state government breached contracts when it contributed less than planned. The filing Friday is the latest volley in a more than yearlong dispute over pension contributions. They stem from Gov. Chris Christie's decision last year amid a budget...

  • Federal appeals court upholds California's shark fin ban

    SAN FRANCISCO (AP) — A federal appeals court Monday upheld a California law banning the sale, distribution and possession of shark fins. The legislation does not conflict with a 19th century law that gives federal officials authority to manage shark fishing off the California coast, the 9th U.S. Circuit Court of Appeals said. It also does not...

  • Nike offers partial refund to end FuelBand lawsuit

    NEW YORK (AP) — Nike will give partial refunds or gift cards to people who bought FuelBand fitness trackers in the last 3 1/2 years, resolving a lawsuit that says the products can't accurately tally how many steps a user is taking or how many calories they've burned. A website maintained by Gilardi & Co., a firm that administers settlements,...

  • One of American's new Dreamliners damaged by hail

    Anyone who has ever had a door ding in a new car knows how they're feeling at American Airlines. One of the airline's new Boeing 787 Dreamliners suffered hail damage Monday after takeoff from Beijing. The Dallas-bound plane with 209 passengers returned to Beijing, where it was being checked out by a maintenance crew, said airline spokeswoman...

  • Progressive hiring 193 by year's end at Colorado Springs call center

    Insurance giant Progressive Corp. announced Monday plans to hire 193 sales representatives and claims adjusters for its Colorado Springs call center by the end of the year. The company, which employs 1,200 in the call center and 400 more in an information technology operation at the same location, said the jobs are a mix of new positions and...

  • Business Highlights

    ___ Israel's Teva buys Allergan generic drug company for $40.5B JERUSALEM (AP) — Israel's Teva Pharmaceutical Industries Ltd. said Monday it is purchasing Dublin-based Allergan PLC's generic pharmaceuticals business for $40.5 billion, in what Israeli analysts called the largest-ever acquisition by an Israeli company. Statements from both...

  • US appeals court rejects apartheid cases against Ford, IBM

    NEW YORK (AP) — Victims of apartheid in South Africa cannot sue IBM Corp. and Ford Motor Co. in New York because they cannot show that the companies' alleged offending behavior occurred in the United States, a federal appeals court said Monday. The 2nd U.S. Circuit Court of Appeals ruled against lawsuits brought 13 years ago against the...

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