More Business Articles

  • Dr Pepper Snapple Group 2Q profit climbs 35 pct.

    Updated: Thu, Jul 24, 2014

    PLANO, Texas (AP) — Dr Pepper Snapple Group Inc. (DPS) on Thursday reported its earnings rose 35 percent in its second quarter, and topped analysts' expectations. The Plano, Texas-based company said net income increased to $210 million, or $1.06 per share, from $155 million, or 76...

  • US stocks open higher as investors gauge earnings

    Published: Thu, Jul 24, 2014

    NEW YORK (AP) — The U.S. stock market is opening slightly higher as several big companies across industries report second-quarter earnings. The Dow Jones industrial average rose two points, or 0.02 percent, to 17,089 as of 9:35 a.m. Eastern time Thursday. The Standard & Poor's 500...

  • Wal-Mart names new CEO of US discount division

    Published: Thu, Jul 24, 2014

    NEW YORK (AP) — Wal-Mart U.S. chief Bill Simon is stepping down after being in the role since June 2010, the company said Thursday. The world's largest retailer named the head of its Asian business as his replacement. The Bentonville, Arkansas-based retailer said Greg Foran, 53,...

  • US new-home sales plummet in June

    Updated: Thu, Jul 24, 2014

    WASHINGTON (AP) — Sales of new U.S. homes plunged in June, a sign that real estate continues to be a weak spot in the economy. The Commerce Department says new home sales fell 8.1 percent last month to a seasonally adjusted annual rate of 406,000. The report also revised down the...

  • US new-home sales tumble 8.1 percent in June to annual rate of 406,000

    Published: Thu, Jul 24, 2014

    WASHINGTON (AP) — US new-home sales tumble 8.1 percent in June to annual rate of 406,000.

  • Slow North Dakota city fire alert raises concern

    Updated: Thu, Jul 24, 2014

    WILLISTON, N.D. (AP) — A more efficient system must be established to alert residents of danger in North Dakota's booming oil patch, an emergency manager and residents said, after authorities failed to alert the public for more than six hours when a facility storing toxic chemicals...

  • United Airlines posts 2Q profit, reversing 1Q loss

    Updated: Thu, Jul 24, 2014

    CHICAGO (AP) — United Airlines is making money after a slow start to the year. The airline's net income in the second quarter hit $789 million, topping Wall Street expectations and marking a turnaround from the first quarter when United was the only major U.S. carrier to report a...

  • Average US 30-year mortgage rate at 4.13 pct.

    Published: Thu, Jul 24, 2014

    WASHINGTON (AP) — Average U.S. long-term mortgage rates were stable to slightly higher this week, remaining near their lows for the year. Mortgage company Freddie Mac says the nationwide average for a 30-year loan was 4.13 percent, unchanged from last week. The average for the...

  • Fukushima study: Think about unthinkable disasters

    Published: Thu, Jul 24, 2014

    WASHINGTON (AP) — A U.S. science advisory report says a key lesson from Japan's Fukushima nuclear accident is that the nation's nuclear industry needs to focus more on the highly unlikely but super-serious worst case scenarios. A National Academy of Sciences report says that means...

  • American Airlines boosts profit on higher revenue

    Published: Thu, Jul 24, 2014

    FORT WORTH, Texas (AP) — Profit and revenue are up at American Airlines, and the company will share some of the gains with shareholders. American Airlines Group Inc. said Thursday that it earned a record $864 million in the second quarter, up from the $507 million that American and...

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