More Business Articles

  • 4 more workers allege racial bias at Daimler plant

    Yesterday

    PORTLAND, Ore. (AP) — Oregon expanded its investigation into discrimination at the Portland truck-making plant of German automotive giant Daimler AG after four more employees came forward with allegations of racial harassment. The four new civil rights complaints against...

  • Optimize your game plan for holiday toy shopping

    Yesterday

    NEW YORK (AP) — Looking for the holiday season's hot toys, like anything related to Disney's "Frozen"? Or maybe you're not picky and just looking for deals? Toy sellers are increasingly catering to time-starved, budget-conscious shoppers with new features on websites or improved...

  • Pfizer approves $11B stock repurchase plan

    Yesterday

    NEW YORK (AP) — Drugmaker Pfizer says it approved the repurchase of $11 billion in company stock. The New York company did not say when it would buy back the shares. Pfizer has $1.3 billion remaining from its latest stock repurchase program. Repurchasing shares can help support a...

  • US tech firm fined for underpaying Indian workers

    Yesterday

    SAN FRANCISCO (AP) — A Silicon Valley company is paying more than $43,000 in back wages and penalties after labor regulators found eight employees brought from India were grossly underpaid and overworked while assigned to a special project in the U.S. The probe announced this week by...

  • Stocks surge as US companies report higher profits

    Yesterday

    NEW YORK (AP) — Stocks are closing with big gains after several major U.S. companies reported higher profits. Caterpillar and 3M led the gains among industrial stocks, which rose significantly more than the rest of the market. Caterpillar rose 5 percent and 3M rose 4 percent after...

  • Fuel costs ease, US airline profits soar

    Yesterday

    DALLAS (AP) — Profits are soaring at the biggest U.S. airlines as fuel prices drop — but don't expect fares to fall too. Heading into the busy holiday-travel period, the airlines expect even cheaper fuel, thanks to the nosedive in crude oil prices. The price of jet fuel, an airline's...

  • Comcast wins more Internet customers, ad sales up

    Yesterday

    NEW YORK (AP) — Comcast Corp.'s third-quarter net income jumped 50 percent in the third quarter, helped by a one-time tax settlement, growth in Internet subscribers and fewer defectors from its cable service. Its shares rose more than 3 percent in afternoon trading. Comcast is in the...

  • Raytheon tops Street 3Q forecasts

    Yesterday

    WALTHAM, Mass. (AP) — Raytheon Co. (RTN) on Thursday reported third-quarter net income of $515 million. On a per-share basis, the Waltham, Massachusetts-based company said it had profit of $1.65, beating Wall Street expectations. The average estimate of analysts surveyed by Zacks...

  • Stocks surge as US companies report higher profits

    Yesterday

    NEW YORK (AP) — Stocks are closing with big gains after several major U.S. companies reported higher profits. Caterpillar and 3M led the gains among industrial stocks, which rose significantly more than the rest of the market. Caterpillar rose 5 percent and 3M rose 4 percent after...

  • Celgene 3Q profit climbs; company lifts outlook

    Yesterday

    NEW YORK (AP) — Celgene Corp. said Thursday that its net income climbed 37 percent in the third quarter, and the biotechnology company raised its forecast for the full year. Celgene also announced a new cancer drug development partnership with a price tag that could top $1 billion....

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