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  • Con-way freight business will raise rates Monday

    NEW YORK (AP) — Trucking company Con-way said Friday its freight business will raise its rates on Monday. The company said general rates for Con-way Freight will go up an average of 4.7 percent. Con-way said the increase will offset higher costs, including greater compensation programs for drivers, regulatory compliance and equipment costs....

  • More earnings gains send US stocks higher

    NEW YORK (AP) — Stocks are rising in midday trading as U.S. companies report more earnings gains. UPS and Microsoft rose after reporting earnings that were higher than analysts were expecting. Procter & Gamble rose after saying it would make its Duracell battery business a stand-alone company. The Dow Jones industrial average rose 84 points,...

  • Procter & Gamble removes the batteries

    CINCINNATI (AP) — Procter & Gamble is removing the batteries and making Duracell a stand-alone company. P&G, which acquired Duracell in 2005, announced earlier this year that it would shed more than half its brands around the globe over the next year or two. If a split off occurs, P&G said that its shareholders would have the option of...

  • P&G misses Street 1Q forecasts

    CINCINNATI (AP) — Procter & Gamble Co. (PG) on Friday reported net income of $1.99 billion in its fiscal first quarter. On a per-share basis, the Cincinnati-based company said it had profit of 69 cents. Earnings, adjusted for one-time gains and costs, were $1.07 per share. The results fell short of Wall Street expectations. The average...

  • Bristol-Myers tops Street 3Q forecasts

    NEW YORK (AP) — Bristol-Myers Squibb Co. (BMY) on Friday reported third-quarter profit of $721 million. The New York-based company said it had profit of 43 cents per share. Earnings, adjusted for non-recurring costs, came to 45 cents per share. The results beat Wall Street expectations. The average estimate of analysts surveyed by Zacks...

  • Nasdaq OMX beats 3Q profit forecasts

    NEW YORK (AP) — The Nasdaq OMX Group Inc. (NDAQ) on Friday reported third-quarter net income of $123 million. The New York-based company said it had profit of 71 cents per share. Earnings, adjusted for one-time gains and costs, came to 72 cents per share. The results surpassed Wall Street expectations. The average estimate of analysts...

  • UPS: Dec. shipments to be up 11 pct. from year ago

    ATLANTA (AP) — UPS is expecting an 11 percent jump in December shipments as the holiday shopping season heats up. UPS recently announced that it would hire up to 95,000 people to handle the tremendous volume. That's up from last year when the Atlanta company initially planned to hire 55,000 seasonal workers. Major U.S. shipping companies were...

  • Evenflo recalls infant seats to fix sticky buckles

    DETROIT (AP) — Evenflo is recalling more than 202,000 rear-facing infant seats because the buckles can become difficult to unlatch. The recall affects Embrace 35/9999 models with an AmSafe QT1 buckle. Documents posted by U.S. safety regulators say that if the buckles don't release easily, it may be difficult to get a child out of the seat in...

  • Apollo Global to buy Express Energy Services

    NEW YORK (AP) — Private equity firm Apollo Global Management LLC said Friday that it plans to buy the oilfield services company Express Energy Services. Terms of the deal were not disclosed. Express, which is privately held, has about 1,700 employees and will remain headquartered in Houston. It provides services, such as casing and drilling...

  • Chiquita holders reject plans to merge with Fyffes

    CHARLOTTE, N.C. (AP) — Chiquita shareholders have rejected plans to merge with Irish fruit importer Fyffes that would have made the world's largest banana supplier. Chiquita Brands International Inc. said Friday that the shareholders didn't approve a revised transaction agreement between the two companies during a special shareholders meeting....

  • California startup unveils gun technology for cops

    WATSONVILLE, Calif. (AP) — A Silicon Valley startup has developed technology to let dispatchers know when a police officer's weapon has been fired. The new product by Yardarm Technologies would also track where the gun is located and in what direction it was fired. The system will not include the controversial remote disabling mechanism,...

  • APNewsBreak: Icahn says Taj casino likely to close

    ATLANTIC CITY, N.J. (AP) — Billionaire investor Carl Icahn says the struggling Trump Taj Mahal casino "will almost certainly close." The would-be purchaser of the casino told The Associated Press on Thursday night that the casino's finances are dire. Four of Atlantic City's 12 casinos have closed this year, and the Taj Mahal would be the...

  • Senators ask gov't for nationwide air bag recall

    DETROIT (AP) — Two U.S. senators are calling on regulators to issue a nationwide recall of cars with faulty air bags made by Takata Corp., questioning why automakers have been allowed to limit recalls to only certain locations with high humidity. Democratic Sens. Richard Blumenthal of Connecticut and Edward Markey of Massachusetts made the...

  • Alcoa sells stake in South Carolina smelter

    Alcoa is selling its stake in a South Carolina aluminum smelter to Century Aluminum Co. for $67.5 million. New York-based Alcoa said in a statement that while Mt. Holly is a strong facility, it doesn't match its portfolio goals. Chicago-based Century Aluminum said Thursday that buying Alcoa's 50.3 percent stake makes it the full owner of the...

  • Rajaratnam brother barred for 5 years in SEC deal

    WASHINGTON (AP) — The brother of a jailed former hedge fund boss will be barred for at least five years from the securities industry and pay about $841,000 to settle a civil insider trading case against him. The Securities and Exchange Commission announced the settlement Thursday with Rengan Rajaratnam. He was acquitted in July in a federal...

  • Burrito chain urged to drop 'illegal' from name

    FORT COLLINS — Some people are urging the Colorado burrito chain Illegal Pete's to change its name because of the way the word "illegal" has been used to describe immigrants. The Coloradan (http://noconow.co/1wpoTne ) reports that about 30 people gathered in Fort Collins Wednesday to ask owner Pete Turner to change the name of the chain,...

  • US average rate on 30-year home loan 3.92 percent

    Average U.S. mortgage rates fell this week, with the 30-year loan at its lowest level since June 2013.

  • A blue Christmas for Amazon?

    NEW YORK (AP) — It might be a blue Christmas for Amazon. The world's largest online retailer gave a disappointing forecast for the crucial holiday season. The company also reported a wider loss than analysts expected for the third quarter. Amazon has been investing heavily in an array of new products as it works on trying to grow its Amazon...

  • Cloud business lifts Microsoft's quarterly results

    SAN FRANCISCO (AP) — Microsoft's quarterly profit and revenue sailed past expectations Thursday, as CEO Satya Nadella's push to embrace cloud computing and diversify into mobile devices helped lift sales by 25 percent. Revenue from cloud services, including software delivered over the Internet, more than doubled last quarter at a time when...

  • Sears refutes store-closing report

    NEW YORK (AP) — Sears Holdings Corp. discredited a report Thursday that says it will be shuttering 116 Sears and Kmart stores, resulting in the layoffs of more than 6,000 workers. Seeking Alpha, a crowd-sourced financial news and market tracker, reported that Pennsylvania, Michigan and Indiana will see the most closings. Broken down, closures...

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