More Business - !movers And Shakers Articles

  • New York Times 1Q profit falls 51 pct

    Updated: 1 hr ago

    NEW YORK (AP) — The New York Times Co. said Thursday that its first-quarter net profit dropped 51 percent, as higher costs outpaced small increases in circulation and advertising revenue. Times Co. earned $1.7 million, or 1 cent per share, down from $3.6 million, or 2 cents per...

  • Coal miner Peabody's 1Q loss more than doubles

    Updated: 1 hr ago

    ST. LOUIS (AP) — Coal miner Peabody Energy Corp. said Thursday its first-quarter loss more than doubled on weak prices, falling short of Wall Street expectations. The world's biggest private-sector coal company also predicted another loss for the current quarter. The coal industry...

  • Money market fund assets rose by $7.32 billion

    Updated: 1 hr ago

    Total U.S. money market mutual fund assets rose by $7.32 billion to $2.58 trillion for the week that ended Wednesday, according to the Investment Company Institute. Assets in the nation's retail money market mutual funds fell by $5.60 billion to $907.28 billion, the Washington-based...

  • Facebook buys fitness tracker startup behind Moves

    Updated: 1 hr ago

    NEW YORK (AP) — Facebook acquired the startup behind the popular fitness tracking app Moves as it expands beyond its namesake service into a company with multiple, differentiated mobile apps. The world's largest online social network will keep running the service separately. Menlo...

  • Comcast owned Fandango to buy Movieclips

    Updated: 1 hr ago

    LOS ANGELES (AP) — Fandango, a movie ticket service owned by cable company Comcast Corp., said Thursday that it is has agreed to buy film-related video site Movieclips.com. Terms of the deal were not disclosed. Movieclips works with movie studios to obtain clips of films to publish...

  • At a Glance: Electronic cigarettes

    Updated: 2 hr ago

    ELECTRONIC CIGARETTES: The battery-powered devices made of plastic or metal heat a liquid nicotine solution, creating vapor that users inhale. Some models are disposable, and some are designed to be refilled with cartridges or tanks containing what enthusiasts call "e-juice." Some...

  • GM profit sinks; CEO sees no recall hit to sales

    Updated: 2 hr ago

    DETROIT (AP) — The cost of recalling nearly 7 million cars and trucks sank General Motors' first-quarter profit, but the company's CEO said the much-publicized recalls have yet to cut into sales. GM on Thursday reported its worst financial results in more than four years, with...

  • For airlines not named United, it was a great 1Q

    Updated: 2 hr ago

    DALLAS (AP) — Even with the turbulence of severe winter storms and stubbornly high fuel prices, many of the major airlines are cruising and their stock prices are soaring. Mergers have reduced competition and made it easier for the airlines to limit the supply of seats and raise...

  • Philadelphia newspaper guild won't bid for company

    Updated: 2 hr ago

    WILMINGTON, Del. (AP) — Workers at Philadelphia's two largest newspapers won't be able to mount a bid for their troubled company, after a wealthy potential backer balked at the projected $77 million opening price. About 500 unionized employees of The Philadelphia Inquirer and the...

  • Oregon panel recommends dropping troubled exchange for private policies, using federal system

    Updated: 2 hr ago

    PORTLAND, Ore. (AP) — Oregon panel recommends dropping troubled exchange for private policies, using federal system.

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