More Business Articles

  • Genuine Parts Co. 2Q profit drops 8.6 percent

    Updated: 16 hr ago

    ATLANTA (AP) — Genuine Parts Co. on Monday reported profit that declined by 8.6 percent in its second quarter, and beat analysts' expectations. The Atlanta-based company said earnings dropped to $197.7 million, or $1.28 per share, from $216.4 million, or $1.39 per share, in the same...

  • US stock slip to start the week; Six Flags sinks

    Updated: 16 hr ago

    NEW YORK (AP) — The stock market started the week with a slight loss on Monday as investors weighed a mixed batch of corporate earnings against mounting political turmoil. European leaders are considering tougher sanctions on Russia for its backing of separatists accused of shooting...

  • Stocks slip to start the week

    By MATTHEW CRAFT AP Business Writer
    Published: Mon, Jul 21, 2014

    NEW YORK • The stock market started the week with a slight loss on Monday as investors weighed a mixed batch of corporate earnings against mounting political turmoil. European leaders are considering tougher sanctions on Russia for its backing of separatists accused of shooting down...

  • Ackman says he can prove Herbalife is a 'fraud'

    Updated: 16 hr ago

    NEW YORK (AP) — Hedge fund manager Bill Ackman said he will hold a presentation Tuesday that will prove nutrition company Herbalife is a "fraud." The announcement sent shares of Herbalife down more than 11 percent in trading Monday. Ackman, the head of Pershing Square Capital...

  • Natural gas falls to an 8-month low

    Updated: 16 hr ago

    Natural gas fell to its lowest level in eight months Monday following forecasts that nationwide summer temperatures are expected to be milder than normal. The price of natural gas fell 10 cents, or 2.6 percent, to $3.85 per 1,000 cubic feet. That's the lowest since mid-November....

  • How the Dow Jones industrial average fared Monday

    Updated: 16 hr ago

    Stocks closed with slight losses on Monday as U.S. companies turned in mixed quarterly results and as tension mounts between Russia and the West over the downed passenger jet in Ukraine. The Dow Jones industrial average fell 48.45 points, or 0.3 percent, to close at 17,051.73. The...

  • US companies report rising sales, employment in 2Q

    Associated Press
    Updated: 16 hr ago

    DETROIT — Rising sales helped boost hiring and wages at U.S. businesses in the second quarter, and companies are optimistic that the trends will continue this fall, according to a new survey by the National Association for Business Economics. Fifty-seven percent of the 85...

  • Six Flags and Hasbro are big market movers

    Updated: 17 hr ago

    NEW YORK (AP) — Stocks that moved substantially or traded heavily Monday on the New York Stock Exchange and the Nasdaq Stock Market: NYSE Six Flags Entertainment Corp., down $1.69 to $39.31 The amusement park operator reported a jump in second-quarter profit, but its revenue fell...

  • Pain of Atlantic City casino closings far-reaching

    Updated: 17 hr ago

    ATLANTIC CITY, N.J. (AP) — With three more of Atlantic City's 11 casinos threatening to close by September, nearly 8,000 workers and their families will be affected. But the impact of the closings will be felt far beyond their kitchens. Small businesses that sell to the casinos will...

  • Shark sightings off Cape Cod a boon for tourism

    Updated: 17 hr ago

    CHATHAM, Mass. (AP) — Great white sharks are having an unusual effect on Cape Cod this summer, and many a merchant is going to need a bigger wallet. The sharks being spotted in growing numbers are stirring curiosity and a buying frenzy for shark-related merchandise. Shark T-shirts...

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