More Business Articles

  • Target names Pepsi's Cornell as chairman, CEO

    Updated: Thu, Jul 31, 2014

    MINNEAPOLIS (AP) — Target is bringing in an outsider as its CEO for the first time as the retailer fights to redefine itself to American shoppers. The Minneapolis-based company said Thursday that it named PepsiCo executive Brian Cornell to the top spot, replacing John Mulligan, who...

  • DirecTV 2Q profit climbs 22 percent

    Published: Thu, Jul 31, 2014

    EL SEGUNDO, Calif. (AP) — DirecTV on Thursday reported profit that rose by 22 percent in its second quarter, helped by demand for World Cup soccer game coverage, and topped analysts' expectations. The El Segundo, California-based company said earnings increased to $806 million, or...

  • As US job market strengthens, many don't feel it

    Updated: Thu, Jul 31, 2014

    WASHINGTON (AP) — The U.S. unemployment rate has plunged since the start of last year to a five-year low of 6.1 percent. And the July jobs report being released Friday will likely show a sixth straight month of healthy 200,000-plus gains. Yet for Douglas Hunter and millions like him,...

  • Obama cracks down on labor breaches by contractors

    Updated: Thu, Jul 31, 2014

    WASHINGTON (AP) — Some companies that earn billions of dollars as government contractors are among the worst violators of U.S. labor laws, yet year after year they keep winning new contracts. So President Barack Obama is aiming to end impunity for labor violators by pushing companies...

  • Applications for US unemployment benefits increase to 302k; still at pre-recession levels

    Updated: Thu, Jul 31, 2014

    WASHINGTON (AP) — Applications for US unemployment benefits increase to 302k; still at pre-recession levels.

  • Beazer Homes USA 3rd-quarter loss widens

    Updated: Thu, Jul 31, 2014

    ATLANTA (AP) — Beazer Homes USA Inc.'s fiscal third quarter loss widened, stung by a loss on debt extinguishment. The Atlanta homebuilder reported a loss of $12.4 million, or 47 cents per share, for the period ended June 30. That compares with a loss of $5.8 million, or 23 cents per...

  • US jobless aid applications rise to 302,000

    Updated: Thu, Jul 31, 2014

    WASHINGTON (AP) — More people sought U.S. unemployment benefits last week, but jobless claims remain at pre-recession levels. The Labor Department says weekly applications for unemployment aid rose 23,000 to a seasonally adjusted 302,000. The prior week's was revised down to 279,000...

  • MasterCard 2Q profit rises 9.8 percent

    Updated: Thu, Jul 31, 2014

    PURCHASE, N.Y. (AP) — MasterCard Inc.'s second-quarter net income climbed 9.8 percent, topping analysts' expectations. The Purchase, New York-based company said profit increased to $931 million, or 80 cents per share, from $848 million, or 70 cents per share, in the same quarter a...

  • Exxon 2Q profit climbs 28 percent

    Updated: Thu, Jul 31, 2014

    IRVING, Texas (AP) — Exxon Mobil Corp. (XOM) on Thursday reported net income that climbed by 28 percent in its second quarter, and topped analysts' expectations. The Irving, Texas-based company said net income increased to $8.78 billion, or $2.05 per share, from $6.86 billion, or...

  • Kellogg 2Q profit drops 16 percent

    Updated: Thu, Jul 31, 2014

    BATTLE CREEK, Mich. (AP) — Kellogg Co. (K) on Thursday reported net income that declined by 16 percent in its second quarter. The results matched analysts' expectations. The Battle Creek, Michigan-based company said earnings dropped to $295 million, or 82 cents per share, from $352...

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