More Business Articles

  • Verizon 1Q profit surges on Vodafone-related gains

    Updated: 10 hr ago

    NEW YORK (AP) — Verizon's $130 billion deal to take over of all of Verizon Wireless is helping lift its profit. The largest U.S. cellphone carrier on Thursday posted a 23 percent profit increase in its first quarter, during which it completed the acquisition of the 45 percent stake...

  • Zimmer buying Biomet in deal valued at $13.35B

    Updated: 10 hr ago

    WARSAW, Ind. (AP) — Orthopedic device maker Zimmer is buying privately-held Biomet for about $13.35 billion in a move aimed at helping expand its product offerings and services. Even though it is the buyer, Zimmer shares rose more than 17 percent in morning trading Thursday. Shares...

  • Cult brands showing proof of bourbon renaissance

    Updated: 10 hr ago

    Hoping to get your hands on a bottle of Pappy Van Winkle 23-year-old bourbon? Hope on. The wildly popular ultra-premium bourbon is legendarily difficult to find and when it is spotted — there's even a Pappy Tracker app for that — it's quickly sold out. And Pappy isn't the only...

  • Mixed earnings news leaves stocks little changed

    Updated: 10 hr ago

    NEW YORK (AP) — Mixed earnings news from big U.S. companies left investors searching for direction in early trading, leaving major indexes little changed. Raytheon fell 5 percent after its results for the first quarter came up short of what investors were expecting. 3M fell 2...

  • Applications for US unemployment aid jump to 329K

    Updated: 10 hr ago

    WASHINGTON (AP) — The number of people seeking U.S. unemployment benefits surged 24,000 to a seasonally adjusted 329,000 last week, though the gain likely reflected temporary layoffs in the week before Easter. The Labor Department said Thursday that the four-week average of...

  • Southwest Airlines posts a record 1Q profit

    Updated: 11 hr ago

    DALLAS (AP) — Southwest Airlines Co. said Thursday that it made a record $152 million in the first quarter, more than doubling the $59 million it earned during the same time last year. The strong profit during a time of year that is traditionally the slowest for airlines is good...

  • Colorado vacation rentals allowing marijuana

    Associated Press
    Updated: 11 hr ago

    DENVER — A company looking to cash in on all the marijuana-smoking visitors that come to tour Colorado is offering visitors a chance to rent a home where they can smoke pot. AirTHC is spinoff of AirBNB, which provides vacationers with bed-and-breakfast rentals. According to...

  • How states fared on unemployment benefit claims

    Updated: 11 hr ago

    The number of people seeking U.S. unemployment benefits surged 24,000 to a seasonally adjusted 329,000 last week, though the gain likely reflected temporary layoffs in the week before Easter. Despite the volatility, applications have been declining in recent months. Here are the...

  • American Airlines swings to $480M 1Q profit

    Updated: 11 hr ago

    DALLAS (AP) — American Airlines is making money again and beating expectations after its merger with US Airways. The company posted earnings of $480 million Thursday, a record for the first quarter, which is usually the weakest three-month period for airlines during the year. As...

  • US durable goods orders up 2.6 percent in March

    Updated: 11 hr ago

    WASHINGTON (AP) — Orders to U.S. factories for long-lasting manufactured goods posted a solid gain for the second straight month in March. A key category that signals business investment plans increased at the fastest pace in four months. Orders for durable goods increased 2.6...

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