More Business - !movers And Shakers Articles

  • Hyundai recalls 883K Sonatas to fix gear shifters

    Updated: Wed, Jul 30, 2014

    DETROIT (AP) — Hyundai is recalling its popular Sonata midsize sedan to fix problems with the gear shift levers. The recall covers 883,000 cars from the 2011 through 2014 model years. The Korean automaker says the automatic transmission shift cable can separate from the shift...

  • As Fed meets, key issues likely to stay unanswered

    Updated: Wed, Jul 30, 2014

    WASHINGTON (AP) — The Federal Reserve will likely end a policy meeting Wednesday with a lot of questions unanswered: When will it start tightening its benchmark short-term interest rate to make sure future inflation remains under control? How will it do so? And when will the Fed...

  • Hess 2Q adjusted profit, revenue top Street's view

    Updated: Wed, Jul 30, 2014

    NEW YORK (AP) — Hess' second-quarter net income dropped 35 percent in its second quarter as oil and gas production declined. Its adjusted profit and revenue topped analysts' estimates, and the energy company boosted its stock buyback program to $6.5 billion from $4 billion. Shares...

  • Microsoft spreads Cortana abroad in Windows Phone

    Updated: Wed, Jul 30, 2014

    LOS ANGELES (AP) — Microsoft is spreading its Cortana digital assistant abroad, starting with China and the U.K. The company's corporate vice president of operating systems, Joe Belfiore, said Wednesday in Beijing that Chinese and British users of Windows Phones will get the...

  • Survey: US companies add 218,000 jobs in July

    Updated: Wed, Jul 30, 2014

    WASHINGTON (AP) — A private survey shows that businesses hired at a healthy pace in July, though the job gains slowed from the previous month. Payroll processer ADP says private employers added 218,000 jobs last month, down from 281,000 in June. It was the fourth straight month of...

  • US economy grew at strong 4 percent rate in second quarter after sharp contraction in winter

    Updated: Wed, Jul 30, 2014

    WASHINGTON (AP) — US economy grew at strong 4 percent rate in second quarter after sharp contraction in winter.

  • Revised data: US grew faster in 2nd half of 2013

    Updated: Wed, Jul 30, 2014

    WASHINGTON (AP) — Fueled by healthier consumer spending, the U.S. economy grew in the second half of last year at the strongest pace in a decade and more than previously estimated, new government data show. The revised data also suggest a possible factor behind the pickup: Americans...

  • US economy grew at strong 4 percent rate in spring

    Updated: Wed, Jul 30, 2014

    WASHINGTON (AP) — After a dismal winter, the U.S. economy sprang back to life in the April-June quarter, growing at a fast 4 percent annual rate on the strength of higher consumer and business spending. The Commerce Department says the second-quarter rebound followed a sharp 2.1...

  • Drop in e-cigarette sales hurts Lorillard profit

    Updated: Wed, Jul 30, 2014

    GREENSBORO, N.C. (AP) — Lorillard Inc.'s profit fell 4.2 percent in the second quarter from a year ago as sales of its electronic cigarettes dropped. The tobacco company, which is being acquired by competitor Reynolds American Inc., said Wednesday that increased competition and...

  • Dominion 2Q profit falls 21 percent

    Published: Wed, Jul 30, 2014

    RICHMOND, Va. (AP) — Dominion Resources Inc. (D) on Wednesday reported profit that declined by 21 percent in its second quarter, and beat analysts' expectations. The Richmond, Virginia-based company said earnings fell to $159 million, or 27 cents per share, from $202 million, or 35...

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