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Archive: News / Biz / Business & Finance (21 Stories)

Sony swings back to quarterly profit on cheap yen

08/01/2013 12:39am
Sony says it has swung back to profitability in the latest quarter, mainly because of a weak yen.

Weak demand weighs on ArcelorMittal's Q2

08/01/2013 1:41am
ArcelorMittal SA, the world's largest steelmaker, has cut its forecasts for the full-year as it reported a fall in production, shipments and earnings during the second-quarter due to continued weak demand and low raw material prices.

Societe Generale sees jump in Q2 earns

08/01/2013 4:35am
Societe Generale saw its net profit more than double in the second quarter thanks to lower writedowns on past acquisitions.

Exxon 2Q profit is lowest since early 2010

08/01/2013 7:46am
Exxon Mobil reported its lowest quarterly profit in more than three years, as the oil and gas giant again struggled to boost production and results from its refining operations weakened.

Outdoor Retailer show boosts business for locals

08/01/2013 8:02am
Three years ago, Bluffdale-based Goal Zero brought its ideas for portable power to the Outdoor Retailer show. Now, the company is an official sponsor for the semiannual event that brings thousands of visitors and a vital influx of cash to the state.

US natural gas supplies grew last week

08/01/2013 8:33am
The nation's natural gas supplies rose last week, the government said Thursday.

Milestones for the Standard & Poor's 500 index

08/01/2013 8:42am
The Standard & Poor's 500 index broke through 1,700 points Thursday for the first time.

Ford pays top fine to settle gov't recall spat

08/01/2013 1:11pm
Ford has paid the top penalty of $17.35 million to settle government allegations that the company was slow to recall nearly a half-million SUVs last year.

A case for the value menu: it's not as fattening

08/01/2013 1:36pm
If you're trying to watch calories while keeping your meal under $5 at a fast-food restaurant, sticking to the value menu might not be a bad idea.

Exxon 2Q profit is lowest since early 2010

08/01/2013 2:10pm
Exxon Mobil reported its lowest quarterly profit in more than three years, as the oil and gas giant again struggled to boost production and results from its refining operations weakened.

Winn-Dixie, Bi-Lo recall ground beef: E. coli risk

08/01/2013 2:49pm
Supermarket chains Winn-Dixie and Bi-Lo are recalling some ground beef because of the risk that the meat has been contaminated with E. coli.

Ardmore Shipping shares close lower in IPO debut

08/01/2013 2:57pm
Ardmore Shipping Corp.'s shares slipped Thursday in their first day of trading as a public company.

American Homes 4 Rent shares drop after IPO

08/01/2013 3:12pm
Shares of American Homes 4 Rent dropped Thursday after the real estate company's IPO raised $705.9 million.

Sprouts more than doubles in debut on Nasdaq

08/01/2013 3:21pm
Shares of Sprouts Farmers Market Inc. more than doubled Thursday in their debut on the Nasdaq, the biggest first-day gain for an IPO in two years.

JC Penney: CIT supporting supplier deliveries

08/01/2013 3:24pm
J.C. Penney said Thursday that CIT, the largest lender in the clothing industry, is still supporting deliveries from its suppliers. The department store operator also says it has ample liquidity to run its business.

AIG posts higher 2Q profit; declares dividend

08/01/2013 4:09pm
American International Group Inc. said Thursday that its profit grew 17 percent in the second quarter as the insurer benefited from higher net premiums, prices and income from investments.

Judge hear final arguments on Martha Stewart

08/01/2013 4:28pm
After a three-month break, attorneys for J.C. Penney Co. and Macy's Inc. squared off in a New York court Thursday as they presented closing arguments in a contract dispute case centered on their partnership with home maven Martha Stewart.

Bank of America may face civil charges from DOJ

08/01/2013 4:43pm
Bank of America may be facing civil charges over mortgage backed securities and other mortgage-related matters.

Employers aren't cutting, or adding, many staffers

08/01/2013 4:46pm
Companies have all but stopped laying off workers. They just aren't hiring many.

Pew study: More millenials are living with parents

08/01/2013 4:48pm
Nearly four of every 10 members of the millennial generation are living with their parents, according to a study of U.S. census data by the Pew Research Center.