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Archive: (12 Stories)

GE profit slips in 3Q, but tops estimates

10/18/2013 5:49am
General Electric said Friday that net income fell 9 percent in the third quarter as the company struggles to grow revenue and profits after shedding media and banking assets. But improving industrial performance helped the company beat Wall Street expectations.

Morgan Stanley third-quarter profit almost doubles

10/18/2013 5:58am
Investment bank Morgan Stanley says that its third-quarter earnings almost doubled as the firm's equity sales and trading revenue rose.

Euro rally could put brake on recovery

10/18/2013 6:30am
The euro pushed above $1.37 on Friday for the first time since February in a move that analysts say could crimp the single currency zone's recovery from recession.

HSBC unit ordered to pay $2.46B, plans to appeal

10/18/2013 7:53am
A division of Europe's HSBC bank has been ordered to pay about $2.46 billion in a class action lawsuit claiming that it violated federal securities laws.

Swiss private bank Frey closes, blames US

10/18/2013 8:22am
A Swiss private bank says it is closing down because of what it calls costly and burdensome rules it needs to follow in the wake of a tax evasion row between Switzerland and the United States.

J.C. Penney to open on Thanksgiving

10/18/2013 9:09am
J.C. Penney is opening its doors on Thanksgiving evening to kick off the holiday shopping season, as the beleaguered retailer hopes to get back in the game for the crucial selling period.

News Summary: China's economy grows 7.8 percent

10/18/2013 10:33am
GROWTH QUICKENS: China's economy, the world's second largest, grew 7.8 percent in the latest quarter compared with a year ago, government data showed Friday. That was up from 7.5 percent growth in the previous quarter, which was the slowest in two decades.

Boeing reduces 747 production rate as demand lags

10/18/2013 1:19pm
Boeing will slow down production of its double-decker 747 jumbo jet as demand continues to be weak.

NYSE to hold 'dry run' for Twitter IPO

10/18/2013 3:06pm
The New York Stock Exchange isn't taking any chances with Twitter's initial public offering.

US Steel's 3Q results to include $1.8B charge

10/18/2013 3:29pm
U.S. Steel Corp. says its third-quarter financial results will include a non-cash "goodwill" impairment charge of $1.8 billion, reflecting an adjustment in the value of its steel-making operations.

3-D printer Voxeljet's shares soars in debut

10/18/2013 3:35pm
Shares of Voxeljet AG more than doubled Friday after the 3-D printing company raised $84.5 million in its initial public offering.

Column: NASCAR is just one long Ricky Bobby movie

10/18/2013 5:11pm
Kurt Busch is ready to shake `n' bake at Talladega Superspeedway _ proving once again that NASCAR has absolutely no shame in its pursuit of the almighty dollar.

KSL Weather Forecast

Updated: Thursday September 20, 2018 6:55 pm