More Business Articles

  • Comcast wins more Internet customers, ad sales up

    Updated: Thu, Oct 23, 2014

    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

    Updated: Thu, Oct 23, 2014

    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

    Updated: Thu, Oct 23, 2014

    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

    Updated: Thu, Oct 23, 2014

    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....

  • Dow average surges 300 points, driven by stronger corporate earnings; 3M, Caterpillar jump

    Updated: Thu, Oct 23, 2014

    NEW YORK (AP) — Dow average surges 300 points, driven by stronger corporate earnings; 3M, Caterpillar jump.

  • Report: Better shields needed for private tax data

    Updated: Thu, Oct 23, 2014

    WASHINGTON (AP) — The federal government and the states should improve how they protect the security of confidential tax information of people getting benefits under the 2010 health care law, federal investigators said Thursday. Federal and state agencies operating health insurance...

  • Union Pacific 3Q profit chugs ahead 19 percent

    Updated: Thu, Oct 23, 2014

    OMAHA, Neb. (AP) — Union Pacific Corp. delivered a 19 percent increase in its third-quarter profit as the railroad hauled 7 percent more freight and increased rates. "We are optimistic about the remainder of the year," CEO Jack Koraleski said. "Assuming the economy and weather...

  • Patent expirations hit Eli Lilly 3Q profit

    Updated: Thu, Oct 23, 2014

    NEW YORK (AP) — Eli Lilly and Co. said Thursday that its net income and sales sank in the third quarter after its antidepressant Cymbalta lost patent protection and faced competition from less-expensive generics. Lilly said its revenue from Cymbalta plunged 73 percent and revenue from...

  • Alaska Air beats 3Q earnings expectations

    Updated: Thu, Oct 23, 2014

    SEATTLE (AP) — Alaska Air Group Inc. (ALK) on Thursday reported third-quarter net income of $198 million. On a per-share basis, the Seattle-based company said it had profit of $1.45. Earnings, adjusted for non-recurring costs, came to $1.47 per share. The results surpassed Wall...

  • HealthCare.gov's EZ form not for legal immigrants

    Updated: Thu, Oct 23, 2014

    WASHINGTON (AP) — HealthCare.gov's simpler online application is being touted as a big win for consumers. But it can't be used by legal immigrants and naturalized U.S. citizens, who represent millions of potential new health insurance customers. That's prompting worries that many...

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