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By The Associated Press | October 30, 2014 8:24 am
Average US 30-year loan rate up to 3.98 pct.

Business News

  • Marlboro maker Altria's 3Q profit up slightly
    Associated Press | October 30, 2014 6:48 am
    Marlboro maker Altria Group Inc.'s profit rose slightly the third quarter as higher prices helped to offset decline in the number of cigarettes it sold.
  • MasterCard thrives in 3Q as Americans spend again
    Associated Press | October 30, 2014 5:54 am
    MasterCard's third-quarter net income rose thanks to continued volume growth as Americans grow more confident about the economy and appear less hesitant to use credit cards.
  • Volkswagen Q3 profits jump 56 percent
    Associated Press | October 30, 2014 5:36 am
    Automaker Volkswagen AG says that net profit jumped 56 percent in the third quarter as the company sees continuing sales growth in China and Europe.
  • Lenovo wraps up purchase of Motorola phone unit
    Associated Press | October 30, 2014 4:24 am
    Lenovo Group announced the completion of its acquisition of Motorola Mobility from Google Inc. on Thursday in a move aimed at making the Chinese computer maker a global smartphone brand.
  • Lufthansa lowers profit forecast for 2015
    Associated Press | October 30, 2014 4:06 am
    German airline Deutsche Lufthansa AG has lowered its profit forecast for 2015 over concerns that the global economy may experience a downturn next year.
  • Barclays sets aside $805 million in rigging probe
    Associated Press | October 30, 2014 4:06 am
    Barclays, Britain's second biggest bank by assets, set aside 500 million pounds ($805 million) on Thursday to cover possible penalties amid international probes into the alleged manipulation of foreign exchange markets.
  • German unemployment dips again in October
    Associated Press | October 30, 2014 3:36 am
    Germany's unemployment rate fell to 6.3 percent in October as the labor market in Europe's biggest economy continued to gain steam.
  • Spanish economy grows for 5th quarter in a row
    Associated Press | October 30, 2014 1:54 am
    Spain's economy grew by 0.5 percent in the third quarter compared with the previous three months, its fifth consecutive quarterly growth.
  • Samsung vows changes after mobile profit plunges
    Associated Press | October 29, 2014 10:48 pm
    Samsung Electronics Co. admitted erring in its smartphone strategy and vowed Thursday to overhaul its handset lineup after profit from those devices tumbled last quarter to the lowest in more than three years.
  • Baidu profit up 27 percent as mobile grows
    Associated Press | October 29, 2014 10:00 pm
    Chinese search engine Baidu Inc. said Thursday its quarterly profit rose 27 percent as user traffic for its mobile operation surpassed passed its desktop computer-based search business.
  • WhatsApp founders own nearly $9B in Facebook stock
    Associated Press | October 29, 2014 7:54 pm
    WhatsApp founders Jan Koum and Brian Acton received 116 million shares of Facebook stock currently worth nearly $9 billion when they sold their unprofitable messaging service to the social networking leader earlier this month.
  • Apple Pay rival defends service, exclusivity
    Associated Press | October 29, 2014 4:24 pm
    A mobile payment service backed by Wal-Mart, Best Buy and other leading retailers is defending its practice of prohibiting its members from accepting alternatives such as Apple Pay.
  • Visa posts lower 4Q profit; beats Street views
    Associated Press | October 29, 2014 4:18 pm
    Visa Inc.'s profit fell about 10 percent in its fiscal fourth quarter, weighed down by one-time litigation expenses.
  • Chrysler recalls over 566,000 trucks, SUVs
    Associated Press | October 29, 2014 3:01 pm
    Fiat Chrysler is recalling more than 566,000 trucks and SUVs in two recalls to fix malfunctioning fuel heaters that can cause fires and a software glitch that can disable the electronic stability control.

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