More Business Articles

  • Yum's profit rises as KFC sales in China rebound

    Updated: 11 hr ago

    NEW YORK (AP) — Yum Brands reported a higher-than-expected profit for its first quarter highlighted by a rebound in KFC sales in China, where concerns about the safety of the chain's chicken supply eased. The company, which also owns Taco Bell and Pizza Hut, said Tuesday that sales...

  • Investor pressure pushing drugmaker M&A deals

    Updated: 11 hr ago

    Drugmakers eager to satisfy shareholders by boosting profits and share prices are wheeling, dealing and in one case even making trades like a pro sports team looking to shake up its roster. The moves could spur more mergers and acquisitions in the industry. Swiss drugmaker Novartis AG...

  • Feds investigating brakes on Chevrolet Impala

    Updated: 11 hr ago

    DETROIT (AP) — Federal regulators are investigating the 2014 Chevrolet Impala after a driver reported that the emergency braking system activated multiple times without warning. The driver says that in one instance, the Impala was traveling at 40 miles per hour with no one in front...

  • Amgen misses 1Q views as higher costs cut profit

    Updated: 11 hr ago

    Despite higher sales, biotech drugmaker Amgen's first-quarter profit fell 25 percent as production and research costs rose sharply. Last year's quarter also gained from a tax benefit. The company missed Wall Street's expectations for both earnings per share and revenue, sending down...

  • Comcast 1Q earns surge on upbeat NBC results

    Updated: 11 hr ago

    PHILADELPHIA (AP) — Comcast Corp. said Tuesday that its first-quarter net income rose by 30 percent as ad revenue surged at broadcast network NBC, helped by the Winter Olympics in Sochi and Jimmy Fallon's elevation as host of "The Tonight Show." The results beat Wall Street...

  • Discover Financial's profit declines 6 pct. in 1Q

    Updated: 11 hr ago

    LOS ANGELES (AP) — Discover Financial Services' net income fell 6 percent in the first three months of the year as the company set aside more money to cover potential loan losses, offsetting loan growth. The credit card issuer and lender said Tuesday that total loans grew 6 percent...

  • Business Highlights

    Updated: 12 hr ago

    ___ Job market for college grads better but still weak WASHINGTON (AP) — The job market for college graduates is brightening a bit. The Labor Department said Tuesday that the unemployment rate for 2013 college graduates was 10.9 percent. That's down from 13.3 percent in 2012. But...

  • New York AG seeks Airbnb's NYC sublet information

    Updated: 12 hr ago

    ALBANY, N.Y. (AP) — Airbnb urged a New York judge Tuesday to reject a subpoena for information about those using the global website to offer apartment rentals in New York City, its attorney calling that "a fishing expedition." The subpoena filed last year by New York Attorney...

  • AT&T had strong 1Q on wireless installment plans

    Updated: 12 hr ago

    NEW YORK (AP) — AT&T's wireless business had a strong first quarter as the company added more than 1 million subscribers and benefited from an installment plan that permits frequent phone upgrades. Although customers in the installment plan, called Next, aren't locked into...

  • Colorado Springs cookware wholesaler expanding its operations and workforce

    by Rich laden rich.laden@gazette.com -
    Published: Tue, Apr 22, 2014

    Camerons Products, a Colorado Springs designer and wholesaler of cookware, grills, smokers and other speciality kitchen and barbecue items for nearly 30 years, is moving to a larger location and roughly tripling the size of its operation and workforce. The company has leased the...

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