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October 21st, 2014
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Archive: News / Biz / Business & Finance (24 Stories)

ING profit dented by loss on sale of Korean arm

11/06/2013 2:06am
ING Groep NV saw its third-quarter profit fall sharply after it booked a loss on the sale of operations in South Korea.

Toyota profit jumps 70 percent despite sales slip

11/06/2013 2:46am
Toyota's quarterly profit soared 70 percent, and the world's top-selling automaker raised its earnings forecast, as cost cuts and the weaker Japanese yen compensated for slightly weaker vehicle sales.

EU investigates Polish state aid for LOT airline

11/06/2013 4:13am
European Commission regulators say they have opened an investigation into whether support Poland has given to its flag carrier LOT Polish Airline is permissible under European competition rules.

Duke Energy earnings 3Q rise on lower merger costs

11/06/2013 6:58am
Duke Energy's net income rose 69 percent on lower merger costs, but the company's results were still weaker than investors had hoped as milder summer weather reduced electricity demand.

BAE announces hundreds of shipyard cuts

11/06/2013 7:11am
British defense contractor BAE Systems announced plans to cut some 1,775 jobs at three shipyards Wednesday, ending the building of warships in England for the first time in hundreds of years.

Gov't to sell Treasury security with variable rate

11/06/2013 7:21am
The government says that it will begin selling Treasury securities next year that have variable interest rates. It's the first new Treasury security in 17 years.

Barracuda Networks jumps in debut on NYSE

11/06/2013 8:35am
Shares of Barracuda Networks Inc. jumped in their debut on the New York Stock Exchange on Wednesday.

Starbucks to hire 10k vets, military spouses

11/06/2013 9:23am
Starbucks says it plans to hire at least 10,000 veterans and military spouses over the next five years.

News Summary: Strike shuts services across Greece

11/06/2013 9:45am
NATIONWIDE HALT: Services across Greece shut down Wednesday as unions staged a 24-hour general strike and held peaceful demonstrations to protest further austerity cuts in the cash-strapped country.

News Summary: Sale of Korean unit hurts ING profit

11/06/2013 9:49am
SALE HURTS RESULTS: ING Groep NV saw its third-quarter profit fall sharply after it booked a 950 million euro loss on the sale of insurance operations in South Korea. Net profit fell to 101 million euros ($136 million) from 659 million euros. Underlying profit rose 5.6 percent.

Blue Capital Reinsurance falls in market debut

11/06/2013 10:35am
Shares of Blue Capital Reinsurance declined in its market debut on Wednesday.

Time Warner 3Q net income up 44 pct

11/06/2013 10:40am
Time Warner on Wednesday posted a big jump in third-quarter net income, helped by continued popularity of its cable network shows.

Why a spike in Oct. unemployment may not be so bad

11/06/2013 11:12am
The jobs report for October due out Friday may be bleak. It might even be scary. The unemployment rate could jump by the most in three years. Hiring may slow from an already weak pace.

Karyopharm rises after IPO prices at $108.8M

11/06/2013 11:38am
Shares of Karyopharm Therapeutics rose Wednesday after the biotechnology company's initial public offering raised $108.8 million.

Wells Fargo to pay $335M to settle FHFA dispute

11/06/2013 12:34pm
Wells Fargo & Co. will pay $335 million to resolve claims that it allegedly misled Fannie Mae and Freddie Mac about risky mortgage securities that it sold them prior to the housing collapse.

Post Office expects increase in package deliveries

11/06/2013 1:31pm
The post office expects to deliver nearly 15 billion pieces of mail and 420 million packages during the holiday season.

Dow Jones average is back at a record high

11/06/2013 2:13pm
The Dow Jones industrial average is closing at another record high.

Sales reps plead guilty in imported drugs case

11/06/2013 3:00pm
Two sales representatives from a now-defunct pharmaceutical company have pleaded guilty to their roles in a scheme to illegally import millions of dollars' worth in prescription drugs into the U.S.

Mexican Coke in US will still use cane sugar

11/06/2013 3:34pm
Fans of "Mexican Coke" in the U.S. need not worry about losing the cane sugar that sweetens their favorite drink.

Volvo plots return to the US market next year

11/06/2013 3:53pm
Volvo has realized that safe is better than sexy.

Tesla falls most in 2 years on battery shortage

11/06/2013 4:06pm
Electric car maker Tesla Motors has a battery problem. It doesn't have enough of them.

Arc Logistics shares unchanged in debut

11/06/2013 4:55pm
Shares of Arc Logistics Partners LP ended their stock market debut Wednesday unchanged after the company raised $114 million in its initial public offering.

United allowing wider use of electronic devices

11/06/2013 5:21pm
United Airlines is allowing passengers to use portable electronic devices throughout domestic flights.

Wal-Mart blames price errors on technical glitch

11/06/2013 5:22pm
Treadmills for $33? Computer monitors for $9? The deals are too good to be true _ even at Wal-Mart.
 
   
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