More Business Articles

  • MSG profit jumps on Fuse music TV network sale

    Updated: 2 hr ago

    NEW YORK (AP) — The Madison Square Garden Co., which is mulling splitting into two separate companies, said Friday that its fiscal first-quarter net income soared compared with a year ago as it recorded a gain from selling its music television network Fuse. Shares of the New York...

  • Wal-Mart ups ante on holiday shopping

    Updated: 3 hr ago

    NEW YORK (AP) — Wal-Mart is doing whatever it takes to rope in holiday shoppers however they want to buy. For the first time, Wal-Mart Stores Inc. is offering free shipping on what it considers the season's top 100 hottest gifts, from board games to items related to Disney's hit film...

  • Colorado Springs group buys historic building to create 'innovation' campus

    By stephen hobbs stephen.hobbs@gazette.com -
    Updated: 3 hr ago

    The O'Neil Group Company announced Friday that it has purchased the former Homburg buildings at the intersection of Colorado and Pikes Peak Avenues, and plans to convert the site into a home for "technology, engineering and innovation" that will be called Catalyst Campus. The...

  • Nissan recalls Infiniti SUVs to fix air bags

    Updated: 3 hr ago

    DETROIT (AP) — Nissan says it's recalling more than 1,800 Infiniti SUVs in the U.S. for an air bag problem that could send shrapnel into the passenger compartment. The recall covers the QX56 SUVs from 2013 and the QX80s from 2014. The company says inflators made by Takata Corp. were...

  • US stocks open higher, following gains in Asia

    Updated: 3 hr ago

    NEW YORK (AP) — U.S. stocks are opening higher following big gains in Asia after Japan made moves to rev up its economy. The Standard & Poor's 500 index rose 18 points, or 0.9 percent, to 2,012 as of 9:35 a.m. Eastern time Friday. The Dow Jones industrial average rose 148 points, or...

  • AbbVie beats 3Q profit forecasts

    Updated: 3 hr ago

    NORTH CHICAGO, Ill. (AP) — AbbVie Inc. (ABBV) on Friday reported earnings of $506 million in its third quarter. On a per-share basis, the North Chicago, Illinois-based company said it had net income of 31 cents. Earnings, adjusted for non-recurring costs and amortization costs, came...

  • US consumer spending down 0.2 percent in September, first slip in 8 months while income slows

    Updated: 3 hr ago

    WASHINGTON (AP) — US consumer spending down 0.2 percent in September, first slip in 8 months while income slows.

  • Exxon posts surprise profit jump on refining

    Updated: 3 hr ago

    IRVING, Texas (AP) — ExxonMobil Corp. profits rose 3 percent in the third quarter as strong refining performance offset lower revenues from falling oil prices and production. The company said Friday it earned $8.07 billion on revenue of $107.49 billion in the third quarter. Last year...

  • Dominion misses Street 3Q forecasts

    Updated: 3 hr ago

    RICHMOND, Va. (AP) — RICHMOND, Va. (AP) — Dominion Resources Inc. (D) on Friday reported profit of $529 million in its third quarter. On a per-share basis, the Richmond, Virginia-based company said it had profit of 90 cents. Earnings, adjusted for non-recurring costs, came to 93 cents...

  • US consumer spending down 0.2 percent in September

    Updated: 3 hr ago

    WASHINGTON (AP) — U.S. consumer spending fell in September, the first decline since January, as shoppers took a breather after a big spending spree in August. Income growth posted the slowest gain this year. The Commerce Department says consumer spending dropped 0.2 percent in...

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