More Business - !movers And Shakers Articles

  • Obama expected to announce US sanctions on Russia

    Updated: 21 hr ago

    WASHINGTON (AP) — President Barack Obama is expected to announce a new round of U.S. sanctions against Russia Tuesday. The U.S. penalties follow tougher sanctions agreed to by European Union leaders earlier in the day. White House spokesman Josh Earnest says the EU sanctions are...

  • Pfizer's 2Q profit sinks 79 pct but tops forecasts

    Updated: 21 hr ago

    Pfizer's second-quarter earnings plunged 79 percent from last year, when the world's second-largest drugmaker booked a $10 billion-plus gain from a business spinoff. The New York company said Tuesday it earned $2.91 billion, or 45 cents per share, down from $14.1 billion, or $1.98 per...

  • Detroit water department placed in mayor's hands

    Updated: 22 hr ago

    DETROIT (AP) — State-appointed emergency manager Kevyn Orr issued an order Tuesday that gives Mayor Mike Duggan control over Detroit's water department. The move comes as the bankrupt city's massive water system was widely criticized for shutting off service to thousands of customers...

  • Escaping email: Inspired vision or hallucination?

    Updated: 22 hr ago

    SAN FRANCISCO (AP) — Dustin Moskovitz is plotting an escape from email. The 30-year-old entrepreneur has learned a lot about communication since he teamed up with his college roommate Mark Zuckerberg to create Facebook a decade ago, and that knowledge is fueling an audacious attempt...

  • Corning donates $1.8M in parts for space telescope

    Updated: 22 hr ago

    ALBANY, N.Y. (AP) — Corning Inc. has donated $1.8 million in high-tech components for a telescope a private group wants to launch into space. The not-for-profit BoldlyGo Institute wants to put its ASTRO-1 telescope in orbit by the mid-2020s. Obtaining the components for a roughly...

  • Stocks turn mixed at midday ahead of economic data

    Updated: 22 hr ago

    NEW YORK (AP) — Major stock indexes turned mixed in midday trading as investors waited for a series of key economic reports from the U.S. and China later in the week. The Dow Jones industrial average eased less than one point to 16,983 as of 12:12 p.m. Eastern time Tuesday. The...

  • AK Steel posts smaller 2Q loss

    Updated: 22 hr ago

    WEST CHESTER, Ohio (AP) — AK Steel Holding Corp. (AKS) on Tuesday reported a smaller loss in its second quarter, and topped analysts' expectations. The West Chester, Ohio-based company posted a loss of $17.1 million, or 13 cents per share, compared with a loss of $40.4 million, or 30...

  • Aetna 2Q profit rises 2.4 percent

    Updated: 23 hr ago

    Aetna's second-quarter profit climbed more than 2 percent, as gains from an acquisition helped the health insurer top expectations and raise its 2014 earnings forecast again. But the Hartford, Connecticut, company's shares slipped Tuesday after it also reported a higher medical cost...

  • Fed is weighing key issues but may reveal little

    Updated: 23 hr ago

    WASHINGTON (AP) — This much is clear: The Federal Reserve will make another cut this week in its monthly bond purchases, which have been aimed at keeping long-term loan rates low. This much is not: When will the Fed start tightening its interest-rate policy to thwart any runaway...

  • Merck 2Q profit more than doubles

    Updated: 23 hr ago

    A big one-time gain and a tax benefit helped drugmaker Merck & Co. more than double second-quarter profit, improve its profit forecast and top analysts' expectations. The maker of popular Type 2 diabetes pill Januvia said Tuesday that net income increased to $2 billion, or 68 cents...

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