More Business Articles

  • Morgan Stanley paying $275M to settle SEC charges

    Published: Thu, Jul 24, 2014

    WASHINGTON (AP) — Morgan Stanley has agreed to pay $275 million to settle U.S. civil charges that it misled investors about risky mortgage bonds it sold ahead of the 2008 financial crisis. The Securities and Exchange Commission announced the settlement Thursday with the Wall Street...

  • Bombardier restructuring cuts 1,800 jobs globally

    Published: Thu, Jul 24, 2014

    WICHITA, Kan. (AP) — Airplane maker Bombardier Inc. is cutting 1,800 jobs across facilities worldwide as it restructures operations. Spokeswoman Isabelle Rondeau with the Montreal-based company said Thursday that Bombardier plans to reorganize the company into four business segments...

  • Fukushima study: Think about unthinkable disasters

    Yesterday

    WASHINGTON (AP) — A U.S. science advisory report says Japan's Fukushima nuclear accident offers a key lesson to the nation's nuclear industry: Focus more on the highly unlikely but worst case scenarios. That means thinking about earthquakes, floods, tsunamis, solar storms, multiple...

  • Dick's Sporting Goods lays off 478 PGA golf pros

    Published: Thu, Jul 24, 2014

    IMPERIAL, Pa. (AP) — The Dick's Sporting Goods chain has laid off 478 Professional Golfers' Association teaching pros months after the company reported that sales of golf gear are dwindling. Dick's didn't immediately respond Thursday to the layoffs, which were announced by the PGA...

  • Court throws out Chiquita terror payment claims involving thousands of Colombian deaths

    Published: Thu, Jul 24, 2014

    MIAMI (AP) — Court throws out Chiquita terror payment claims involving thousands of Colombian deaths.

  • Numbers on GM recall for faulty ignition switches

    Yesterday

    Ignition switches have presented General Motors with significant safety issues this year. Here are details of the switch problems by the numbers, including new information filed Thursday in GM's second-quarter report to securities regulators: — 60: Number of recalls issued by GM...

  • IMF cuts US and global growth forecasts for 2014

    Yesterday

    WASHINGTON (AP) — The International Monetary Fund foresees the global economy expanding less than it had previously forecast, slowed by weaker growth in the United States, Russia and developing economies. The lending organization predicted Thursday that global growth will be 3.4...

  • US new-home sales plummet in June

    Yesterday

    WASHINGTON (AP) — Sales of new U.S. homes plunged in June, a sign that real estate continues to be a weak spot in the economy. New home sales fell 8.1 percent last month to a seasonally adjusted annual rate of 406,000, the Commerce Department said Thursday. The report also revised...

  • Southwest reports record profit of $465M for 2Q

    Yesterday

    DALLAS (AP) — Southwest Airlines is reporting a record profit for the second quarter, more than doubling its earnings from a year ago. The company said it set records for passenger fares per mile and the percentage of seats sold on its planes during the April-to-June period. It said...

  • PulteGroup 2Q profit climbs 15 percent

    Yesterday

    BLOOMFIELD HILLS, Mich. (AP) — PulteGroup Inc. (PHM) on Thursday reported profit that rose by 15 percent in its second quarter, and fell short of analysts' expectations. The Bloomfield Hills, Michigan-based company said net income increased to $41.9 million, or 11 cents per share,...

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