More Business Articles

  • Avis Budget buying licensee for $210M

    Updated: 13 hr ago

    PASIPPANY, N.J. (AP) — The Avis Budget Group is acquiring a Budget Car Rental licensee for southern California and Las Vegas for approximately $210 million, plus the cost of its vehicle fleet. The acquisition of the licensee, which Avis Budget said Friday is Budget Car Rental's...

  • AT&T closes $2 billion sale of Conn. operations

    Updated: 13 hr ago

    NEW YORK (AP) — AT&T Inc. said Friday that it has completed its $2 billion sale of its Connecticut wireline business, fiber network, video and satellite business to Frontier Communications Corp. The deal was first announced in December. AT&T customers in Connecticut will now become...

  • Con-way freight business will raise rates Monday

    Updated: 14 hr ago

    NEW YORK (AP) — Trucking company Con-way said Friday its freight business will raise its rates on Monday. The company said general rates for Con-way Freight will go up an average of 4.7 percent. Con-way said the increase will offset higher costs, including greater compensation...

  • More earnings gains send US stocks higher

    Updated: 14 hr ago

    NEW YORK (AP) — Stocks are rising in midday trading as U.S. companies report more earnings gains. UPS and Microsoft rose after reporting earnings that were higher than analysts were expecting. Procter & Gamble rose after saying it would make its Duracell battery business a stand-alone...

  • P&G misses Street 1Q forecasts

    Updated: 15 hr ago

    CINCINNATI (AP) — Procter & Gamble Co. (PG) on Friday reported net income of $1.99 billion in its fiscal first quarter. On a per-share basis, the Cincinnati-based company said it had profit of 69 cents. Earnings, adjusted for one-time gains and costs, were $1.07 per share. The...

  • Procter & Gamble removes the batteries

    Updated: 15 hr ago

    CINCINNATI (AP) — Procter & Gamble is removing the batteries and making Duracell a stand-alone company. P&G, which acquired Duracell in 2005, announced earlier this year that it would shed more than half its brands around the globe over the next year or two. If a split off occurs,...

  • Bristol-Myers tops Street 3Q forecasts

    Published: Fri, Oct 24, 2014

    NEW YORK (AP) — Bristol-Myers Squibb Co. (BMY) on Friday reported third-quarter profit of $721 million. The New York-based company said it had profit of 43 cents per share. Earnings, adjusted for non-recurring costs, came to 45 cents per share. The results beat Wall Street...

  • Nasdaq OMX beats 3Q profit forecasts

    Published: Fri, Oct 24, 2014

    NEW YORK (AP) — The Nasdaq OMX Group Inc. (NDAQ) on Friday reported third-quarter net income of $123 million. The New York-based company said it had profit of 71 cents per share. Earnings, adjusted for one-time gains and costs, came to 72 cents per share. The results surpassed Wall...

  • UPS: Dec. shipments to be up 11 pct. from year ago

    Updated: 15 hr ago

    ATLANTA (AP) — UPS is expecting an 11 percent jump in December shipments as the holiday shopping season heats up. UPS recently announced that it would hire up to 95,000 people to handle the tremendous volume. That's up from last year when the Atlanta company initially planned to hire...

  • Evenflo recalls infant seats to fix sticky buckles

    Updated: 15 hr ago

    DETROIT (AP) — Evenflo is recalling more than 202,000 rear-facing infant seats because the buckles can become difficult to unlatch. The recall affects Embrace 35/9999 models with an AmSafe QT1 buckle. Documents posted by U.S. safety regulators say that if the buckles don't release...

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