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Business News

  • UnitedHealth's 1Q profit tumbles 8 percent

    Thursday, Apr 17, 8:24 am
    UnitedHealth Group's first-quarter net income slid 8 percent as funding cuts to a key product and costs imposed by the health care overhaul dented the health insurer's performance.The Minnetonka,... Read more...
  • PepsiCo's profit rises on snack sales, price hikes

    Thursday, Apr 17, 8:18 am
    NEW YORK (AP) -- PepsiCo reported a stronger-than-expected quarterly profit as the company sold more snacks around the world and hiked prices, including on its drinks.The company, which also... Read more...
  • Travelocity owner Sabre rises 3 percent in IPO

    Thursday, Apr 17, 8:06 am
    SOUTHLAKE, Texas (AP) -- Shares of Sabre Corp. rose over 3 percent in their stock market debut Thursday after an initial public offering that valued the travel software company at more than $3.9 billion.Sabre... Read more...
  • Chipotle sales surge as it draws more customers

    Thursday, Apr 17, 8:00 am
    NEW YORK (AP) -- Mexican food chain Chipotle reported a higher quarterly profit Thursday as more customers flocked to its restaurants for burritos, bowls and tacos.The Denver-based chain's popularity... Read more...
  • Average US 30-year mortgage rate falls to 4.27 pct

    Thursday, Apr 17, 7:54 am
    WASHINGTON (AP) -- Average U.S. rates on fixed mortgages fell this week for the second straight week as the spring home-buying season begins.Mortgage buyer Freddie Mac said Thursday that the... Read more...
  • Union Pacific railroad's 1Q profit up 14 percent

    Thursday, Apr 17, 7:31 am
    OMAHA, Neb. (AP) -- The harsh winter didn't keep Union Pacific railroad from delivering 14 percent higher quarterly profit as it hauled more agricultural, industrial and coal shipments.The Omaha,... Read more...
  • Morgan Stanley's income rose 18 percent

    Thursday, Apr 17, 7:06 am
    NEW YORK (AP) -- Investment bank Morgan Stanley said Thursday that its first-quarter income rose 18 percent from a year ago, helped by higher earnings in its trading and merger and acquisitions advisory... Read more...
  • Wal-Mart joins Ria for money transfer service

    Thursday, Apr 17, 7:00 am
    NEW YORK (AP) -- Wal-Mart Stores Inc. is introducing a new money transfer service that it says will cut fees for customers by up to 50 percent compared with similar services.The service, which... Read more...
  • Tech stocks slump after Google, IBM disappoint

    Thursday, Apr 17, 7:00 am
    Technology stocks are leading an early decline on Wall Street after Google and IBM reported disappointing earnings.Mattel and UnitedHealth Group also fell in early trading Friday after their... Read more...
  • How states fared on unemployment benefit claims

    Thursday, Apr 17, 6:42 am
    WASHINGTON (AP) -- Applications for U.S. unemployment benefits increased slightly last week to a seasonally adjusted 304,000. The four-week average for claims dipped to its lowest level since October... Read more...
  • Applications for US jobless aid edge up to 304,000

    Thursday, Apr 17, 6:01 am
    WASHINGTON (AP) -- The number of people seeking U.S. unemployment benefits last week rose 2,000 to a seasonally adjusted 304,000. Jobless claims continue to be near pre-recession levels despite the... Read more...
  • GE 1Q earnings fall, outlook strong

    Thursday, Apr 17, 5:42 am
    NEW YORK (AP) -- General Electric posted lower first-quarter net income than a year ago because last year's results included the sale of NBC Universal.But the company said its industrial divisions... Read more...
  • Philip Morris Int'l 1Q profit falls nearly 12 pct

    Thursday, Apr 17, 5:12 am
    RICHMOND, Va. (AP) -- Philip Morris International Inc. said Thursday that its first-quarter profit dropped nearly 12 percent as cigarette sales fell in the overseas markets that it serves and it was... Read more...
  • Weak Barbie sales weigh on Mattel 1Q

    Thursday, Apr 17, 4:54 am
    EL SEGUNDO, Calif. (AP) -- Toy maker Mattel says weak sales of Barbie and markdowns to clear out excess inventory left over from a sluggish holiday season led to an unexpected first-quarter loss.Its... Read more...
  • Heavy winter storms weigh on DuPont during 1Q

    Thursday, Apr 17, 4:42 am
    DOVER, Del. (AP) -- DuPont's agricultural sales suffered and its operating costs rose during extensive winter storms that dragged on first-quarter earnings, although volumes increased in the company's... Read more...
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