More Business - !movers And Shakers Articles

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

    Updated: 3 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: 3 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: 3 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: 4 hr ago

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

  • Fakahany, Mancini picked for AP Nerve Center posts

    Updated: 4 hr ago

    NEW YORK (AP) — Tamer Fakahany and John Mancini, veteran news executives for The Associated Press, have been appointed global news managers for the cooperative, Senior Managing Editor Michael Oreskes announced Thursday. "The job of these 'flag officers' will be to make sure we are...

  • Cigarette maker Lorillard 1Q profit falls 17 pct

    Updated: 4 hr ago

    RICHMOND, Va. (AP) — Tobacco company Lorillard Inc.'s first-quarter profit fell more than 17 percent as its costs rose, it sold fewer cigarettes and its year-ago results benefited lower expenses from a longstanding legal settlement. Most tobacco companies have been raising prices...

  • Ride-sharing app Lyft expands to new markets

    Updated: 5 hr ago

    NEW YORK (AP) — Lyft, the on-demand ride-sharing app best known by the fuzzy pink moustaches on its cars, is launching its service in 24 new U.S. markets. The expansion nearly doubles the startup's U.S. markets and includes smaller cities such as Fresno, Calif.; Lincoln, Neb.; and...

  • Cold winter weather gives boost to Entergy in 1Q

    Updated: 5 hr ago

    NEW ORLEANS (AP) — Entergy's first-quarter net income more than doubled, with the power company benefiting from a cold winter. For the three months ended March 31, Entergy Corp. earned $401.2 million, or $2.24 per share. That's up sharply from $161.4 million, or 90 cents per share,...

  • Minding the tax bite in fund investing

    Updated: 5 hr ago

    NEW YORK (AP) — How painful was tax season for you? For many investors with mutual funds in a taxable account, it was tougher this year than last. That's because the best year for stocks since 1997 pushed many funds to make capital gains distributions to their shareholders, and...

  • Dunkin' wants to spread iced coffee habit

    Updated: 5 hr ago

    NEW YORK (AP) — Dunkin' Donuts is on a quest to get more people in the habit of drinking iced coffee regardless of how warm it is outside, as many do in its hometown in the Northeast. As anyone who regularly visits a coffee shop knows, iced coffee usually costs a dollar or two more...

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