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Archive: (9 Stories)

Allegiant Air targets East Coast with new routes

08/20/2013 2:01am
Tiny Allegiant Air is expanding its service again, this time with a focus on the East Coast.

BHP annual profit down 30 percent to $10.9 billion

08/20/2013 6:24am
BHP Billiton said its annual profit dived nearly 30 percent as slower growth in China and other emerging economies resulted in lower prices for copper, coal and iron ore.

German finance minister: Greece will need more aid

08/20/2013 9:53am
Germany's finance minister says Greece will need another aid program, but it won't be granted a second debt writedown.

News Summary: Charge hits Glencore Xstrata profit

08/20/2013 10:26am
MINING LOSS: Newly merged commodities and mining group Glencore Xstrata Plc reported a near $9 billion first-half loss as it wrote down the value of its mining assets by $7.66 billion.

Ally to pay gov't $5.2B for preferred stock

08/20/2013 10:55am
Auto financing and banking company Ally Financial took a big step toward exiting U.S. government ownership Tuesday, announcing a deal to pay taxpayers $5.2 billion for preferred stock granted in a 2009 bailout during the financial crisis.

Glencore Xstrata $7.66 billion charge hits profit

08/20/2013 10:58am
Newly merged commodities and mining group Glencore Xstrata Plc reported a sharp drop in profit Tuesday, while taking a first-half loss of almost $8.5 billion, mainly from the value of the mining assets it acquired.

Acting head named to Small Business Administration

08/20/2013 1:00pm
An official in the Small Business Administration has been named acting head of the agency.

News Summary: J.C. Penney's 2Q shows signs of life

08/20/2013 2:35pm
THE NEWS: J.C. Penney's second-quarter loss widened from a year ago on a revenue drop of nearly 12 percent.

Best Buy tops expectations on cost cuts, web sales

08/20/2013 4:44pm
Best Buy's net income rose sharply in the second quarter, as the struggling electronics retailer slashed costs and worked to make its website more competitive.