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December 28th, 2014
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Archive: News / Biz / Business & Finance (27 Stories)

Hyundai Motor's 4Q profit up 13 percent

01/23/2014 1:06am
Hyundai Motor Co. said its fourth-quarter profit increased 13 percent over a year earlier thanks to higher overseas sales.

Switzerland doubles mortgage-risk buffer for banks

01/23/2014 1:41am
The Swiss government is doubling the amount of capital banks must hold against residential mortgage risks as it tries to prevent the country's property market from overheating.

Lincoln Navigator gets a fresh face as it turns 17

01/23/2014 2:29am
The Lincoln Navigator, a hulking holdout from the era of bling and cheap gas, is getting a fresh face.

Santander Consumer USA soars in trading debut

01/23/2014 8:26am
Shares of Santander Consumer USA are rising in their New York Stock Exchange trading debut after the auto loan financing company's initial public offering raised $1.8 billion.

M&M's teaser ad part of Super Bowl trend

01/23/2014 9:23am
Is Yellow ready for its close-up?

Flight cancelations spike in January after storms

01/23/2014 10:04am
It's been a rough start of the year for fliers.

US Treasury introduces new debt product

01/23/2014 11:07am
The Treasury Department announced Thursday that it will auction a new Treasury security with variable interest rates next week. It will be the first new Treasury security offered in 17 years.

Union Pacific 4Q profit up 13 pct as volume grows

01/23/2014 11:16am
Union Pacific reported a 13 percent jump in fourth-quarter profit Thursday as strong grain, automotive and industrial shipments offset a 10 percent drop in loads of coal.

Study: Climbing income ladder hasn't grown harder

01/23/2014 11:34am
Young Americans from low-income families are as likely to move into the ranks of the affluent today as those born in the 1970s, according to a report by several top academic experts on inequality.

News Summary: Nokia handset sales slide

01/23/2014 11:58am
ILL TIDINGS: Sales slumped in Nokia's handset business during the quarter as its Lumia smartphones failed to draw business away from larger competitors like Apple and Samsung. Microsoft is buying the unit for $7.2 billion.

News Summary: FDA studies caramel coloring in soda

01/23/2014 12:22pm
ANOTHER LOOK: The Food and Drug Administration is conducting new studies of the safety of caramel coloring in soda and other foods, even though previous research has shown no identifiable health risk.

United Airlines posts 4Q profit of $140 million

01/23/2014 1:16pm
The parent of United Airlines said Thursday that it earned $140 million in the fourth quarter, as more passengers flew and paid more for their tickets. The airline's fuel bill also shrank.

Clearstream Banking paying $152M in US settlement

01/23/2014 1:39pm
Clearstream Banking SA, a division of a German securities exchange, has agreed to pay $152 million to settle U.S. government claims that it allowed Iran to skirt U.S. sanctions by providing the country access to the American banking system.

FDA halts drug imports from Ranbaxy plant in India

01/23/2014 2:13pm
U.S. health regulators said Thursday they are barring imported drugs from an overseas factory operated by Ranbaxy Laboratories, India's largest drugmaker, due to quality control violations.

Southwest's 4Q profit rises on lower fuel spending

01/23/2014 2:41pm
Southwest Airlines Co. made more money in the fourth quarter thanks to a lower fuel bill and higher average fares.

News Summary: Southwest 4Q profit rises sharply

01/23/2014 2:52pm
SOARING PROFIT: Southwest Airlines Co. reported fourth-quarter net income of $212 million, nearly triple from a year earlier. The results beat Wall Street forecasts.

The mutual fund fee that may be good for you

01/23/2014 2:56pm
Not every fee is bad.

News Summary: Iran's president pledges cooperation

01/23/2014 2:58pm
READY TO RECONNECT: Iranian President Hassan Rouhani told world leaders Thursday his country is ready to do business and honor a deal to curb its nuclear program, indicating Tehran's willingness to engage the global community.

McKesson seals deals to rescue Celesio acquisition

01/23/2014 3:17pm
Healthcare services company McKesson said Thursday it has acquired its rival German drug distributor Celesio through acquiring Celesio assets from other investors, rescuing a deal that appeared to have failed.

Barra to stay the course at GM, but accelerate

01/23/2014 3:25pm
General Motors Co.'s new CEO, Mary Barra, says she will largely keep in place the plans of her predecessor, from a restructuring in Europe to a focus on improving profit margins. But she hopes to accelerate that progress.

McDonald's fighting to be 'relevant' to customers

01/23/2014 3:48pm
McDonald's is losing customers, as the world's biggest hamburger chain struggles to attract diners with its higher-priced sandwiches and new offerings like Mighty Wings.

News Summary: Chinese partners of auditors barred

01/23/2014 3:49pm
SUSPENDED: A U.S. judge has ruled the China branches of global accounting firms should be barred from providing audits for U.S.-traded companies in a dispute that might force major corporate names such as oil giant PetroChina and search engine Baidu to withdraw from American stock exchanges.

Parts that can cause toilets to burst are recalled

01/23/2014 4:09pm
Watch out for exploding toilets.

Starbucks' profit jumps but sales growth slows

01/23/2014 4:35pm
Starbucks says its quarterly profit rose by 25 percent as it benefited from lower coffee costs and stronger sales around the world.

Ecuadorean airline halts flights to Venezuela

01/23/2014 4:39pm
The Ecuadorean airline Tame suspended on Thursday its once-daily flights to and from Venezuela until that country's cash-strapped government pays it $43 million owed for ticket sales.

Discover Financial's profit grows 11 percent in 4Q

01/23/2014 5:21pm
Discover Financial Services' net income jumped 11 percent in the last three months of 2013, as users of its namesake credit card and other loan services stepped up borrowing and the company set aside less money to cover potential loan losses.

US sues KBR in connection with Army work in Iraq

01/23/2014 5:57pm
The federal government is suing Kellogg, Brown & Root Services Inc., charging that the defense contractor submitted false claims and took kickbacks in connection to a U.S. Army contract in Iraq.
 
   
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