More Business Articles

  • Hershey's profit rises but sales fall short

    Updated: 9 hr ago

    NEW YORK (AP) — Hershey said its profit rose 4.4 percent in the first quarter but noted that sales growth was weaker than expected. The Hershey Co., which makes Kit Kat, Reese's and Ice Breakers, noted that there were "irregular purchasing patterns" at major retailers during the...

  • 3M 1Q results improve, but miss Street's view

    Updated: 9 hr ago

    ST. PAUL, Minn. (AP) — 3M's first-quarter net income rose 7 percent, led by sales growth in its health care business. The maker of products from Post-it notes to industrial coatings and ceramics said Thursday that it earned $1.21 billion, or $1.79 per share, for the three months...

  • United loses $609M in 1Q; fares don't cover costs

    Updated: 9 hr ago

    United Airlines is the one U.S. carrier that can't seem to get its act together. While all the other major airlines made money in the first quarter, United lost $609 million during the first three months of this year. United attributed $200 million of its loss to the "historic...

  • Orders for US durable goods up solid 2.6 percent in March with strength in business investment

    Updated: 9 hr ago

    WASHINGTON (AP) — Orders for US durable goods up solid 2.6 percent in March with strength in business investment.

  • Applications for US unemployment aid jumped last week to 329K, likely due to Easter layoffs

    Updated: 9 hr ago

    WASHINGTON (AP) — Applications for US unemployment aid jumped last week to 329K, likely due to Easter layoffs.

  • Dunkin' says bad weather hurt profit

    Updated: 10 hr ago

    NEW YORK (AP) — Dunkin' Brands on Thursday reported a lower profit for its first quarter, citing severe weather for dampening its U.S. sales. Its net income and sales missed Wall Street expectations and shares fell 3 percent to $47.59 in premarket trading. The company, which also...

  • US-Japan trade talks suspended without agreement

    Updated: 10 hr ago

    TOKYO (AP) — Talks between the United States and Japan on a Pacific Rim trade pact have halted for now without any resolution in sight, spoiling plans for a showcase deal during President Barack Obama's visit to Tokyo. Economy minister Akira Amari, Japan's top negotiator, said too...

  • FCC to propose pay-for-priority Internet standards

    Updated: 11 hr ago

    LOS ANGELES (AP) — The Federal Communications Commission is set to propose new open Internet rules that would allow content companies to pay for faster delivery over the so-called "last mile" connection to people's homes, but enhance scrutiny of such deals so they don't harm...

  • Starwood rides economic recovery to strong 1Q

    Updated: 11 hr ago

    STAMFORD, Conn. (AP) — Starwood's first-quarter net income declined 36 percent compared with last year when it booked some big asset sales, but it easily beat Wall Street expectations for profit and revenue. The owner of Sheraton and St. Regis hotels earned $137 million, or 72 cents...

  • Last year's deadbeats do best as stocks stall

    Updated: 14 hr ago

    NEW YORK (AP) — Financial markets rarely stick to the script, and this year is no different. Investments traditionally considered safe bets such as utilities, gold and government bonds were supposed to flop in 2014 as investors started to pour money into higher-risk, higher-growth...

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