Business News

Milwaukee Journal Sentinel (Wisconsin) (July 23, 2014)
A.O. Smith Corp. saw its stock rally over 7% Tuesday after the water technology company reported record sales for any quarter in its 140-year history as well as a 36% jump in earnings and an increase in its outlook for the full year.
Fort Worth Star-Telegram (Texas) (July 24, 2014)
Despite a rise in revenue and sales orders, Fort Worth-based homebuilder D.R. Horton saw a decline in profits in the third quarter tied to $54.7 million in pre-tax charges because of a weak housing market in the Chicago area , the company said.
Charlotte Observer (North Carolina) (July 24, 2014)
American Airlines said Thursday that its second-quarter profit jumped 70 percent from a year ago, as executives at the company declared its recent merger with US Airways on track to be a success. Revenue rose 10.2 percent from a year ago to $11.4 billion, driven by strong demand and rising prices. American flew 51 million passengers during the quarter, up 3 percent. Profits totaled $864 million. The Fort Worth-based company also reinstated a quarterly dividend for the first time in more than...
The Courier-Journal (Louisville, Kentucky) (July 23, 2014)
Judging from Apple's third- quarter financial results, the product barrage can't come soon enough. san francisco - Brace yourselves for the fall of Apple. Not the decline of the empire that Steve Jobs & Co. built, but the resurgence of Apple during the fall season - starting with the expected news of iPhone 6 in early September, followed by a new iPad and the long-rumored watch.
The Courier-Journal (Louisville, Kentucky) (July 23, 2014)
Gannett, the parent of USA TODAY, said second-quarter earnings rose 84%, boosted by strong revenue growth in its broadcasting division following the company's acquisition of Belo's television stations late last year. Net income was $226 million, up from $126.7 million a year earlier. Adjusted earnings per share were 67 cents, beating analysts' estimates by 3 cents. Revenue was $1.46 billion, up 12% from a year earlier.
The Courier-Journal (Louisville, Kentucky) (July 23, 2014)
"We're beginning to see a reduction in order accuracy complaints." McDonald's CEO Don Thompson Even as the meat scandal in China continued to spread to other fast-food companies on Tuesday, McDonald's reported disappointing second-quarter results that sent its stock lower.
USA TODAY (July 24, 2014)
With growth in commercial plane deliveries, Boeing reported Wednesday a 1% rise in revenue during the second quarter and a 52% rise in net earnings compared with the same period a year earlier.
USA TODAY (July 24, 2014)
AT&T said Wednesday that its net income fell 7.2% in the second quarter to $3.5 billion despite its highest wireless subscriber growth in five years.
USA TODAY (July 24, 2014)
Fueled by strong demand for mobile advertising, Facebook extended its hot streak in the second quarter, gaining on its chief competitor, Google, and positioning itself as a top player in digital advertising.
The New York Times (July 24, 2014)
McGraw Hill Financial, the parent company of the Standard & Poor's Ratings Services, could face an enforcement action related to six commercial mortgage-backed securities issued in 2011.
The New York Times (July 24, 2014)
SAN FRANCISCO -- AT&T has made major changes to its phone plans in the past year, and those moves are paying off. In reporting its earnings for the second quarter, which ended in June, the company said its newer phone plans -- including its contract-free plan, Next, along with those that allow a single pool of Internet data to be shared across multiple devices -- had helped retain and attract many subscribers.
The New York Times (July 24, 2014)
General Motors announced six recalls on Wednesday, expanding beyond the ignition switch defects that have plagued the company, and bringing its total for the year to 60 recalls involving about 29 million vehicles worldwide.
The New York Times (July 24, 2014)
Stocks ended mostly higher on Wednesday, with the Standard & Poor's 500-stock index closing at a record on Apple's bullish results. But Boeing weighed on the Dow Jones industrials, and conflicts in Ukraine and the Gaza Strip kept the broader market's gains in check.
The New York Times (July 24, 2014)
American Apparel announced four new members of the company's reconstituted board on Wednesday, the most recent step in a riveting corporate shake-up that began with last month's firing of the company's controversial founder and chief executive, Dov Charney.
Hartford Courant (Connecticut) (July 23, 2014)
Net profits for United Technologies Corp. rose 8 percent in the second quarter, to $1.7 billion, the company reported Tuesday. Sales increased 7 percent, to $17.2 billion, with less than half of the gain from organic growth. The bulk of the increase was a major helicopter sales deal with the Canadian government, a long-delayed program that also accounted for $438 million in losses during the quarter.
The Detroit News (Michigan) (July 23, 2014)
The Detroit News Kumar Galhotra, Ford Motor Co.'s former vice president of engineering, has been named president of Lincoln in a move that underscores the automaker's commitment to overhauling its troubled luxury brand.
Sun-Sentinel (Fort Lauderdale, Florida) (July 22, 2014)
Office Depot has appointed a former CVS Caremark pharmacy president as president for North America. Mark Cosby, who increased retail profits at CVS, fills a top position in the leadership team of Roland Smith, chairman and chief executive of Boca-Raton-based Office Depot.
The Boston Globe (July 23, 2014)
SAN FRANCISCO — Apple's growth prospects are brightening as anticipation builds for the upcoming release of the next iPhone, a model that is expected to cater to consumers yearning for a bigger screen. The latest evidence of Apple's mounting momentum emerged Tuesday with the release of the company's fiscal third-quarter report. Earnings rose at the highest rate in nearly two years as Apple Inc. sold 35.2 million ­iPhones during the period. The iPhone shipments climbed 13 percent from the same...
The Boston Globe (July 23, 2014)
Microsoft's Nokia unit has struggled to gain traction in the mobile market. SEATTLE — Microsoft's sales got a big boost from its acquisition of Nokia's mobile phone business. Its profits were less fortunate.
The New York Times (July 23, 2014)
Chrysler said on Tuesday that it was recalling an undisclosed number of older Jeep S.U.V.s to correct an ignition-related stalling problem similar to the deadly flaw that has consumed General Motors this year.
The New York Times (July 23, 2014)
SEATTLE -- Microsoft's new chief executive has said the two most important trends for the company's future are mobile and cloud computing. But it is doing much better in cloud computing than in mobile. In what amounted to its first financial report card since acquiring the mobile business of Nokia, the Finnish handset maker, Microsoft said its overall profits slid because the Nokia business continued to lose money. At the same time, though, Microsoft's revenues got a big boost from the sales of...
The New York Times (July 23, 2014)
LONDON -- With tensions escalating between Russia and the West, and Moscow facing the possibility of tougher economic sanctions, few European executives may feel caught in the middle more than Gerhard Roiss. Mr. Roiss is chief executive of the energy company OMV, Austria's largest industrial corporation, which has a long, tangled history with Gazprom, the Russian state-controlled gas giant. And just last month, he appeared at a Vienna news conference with Gazprom's chief to sign a deal -- over...
The Philadelphia Inquirer (July 23, 2014)
Comcast Corp. reported solid second-quarter earnings, with revenue climbing modestly at 3.5 percent to $16.8 billion and profit shooting ahead 14.8 percent to $2 billion. The company lost 144,000 TV subscribers - an improvement over the 162,000 lost a year ago - and added 203,000 high-speed Internet customers.  Brian L. Roberts, the company's chief executive officer and chairman, said that it was the cable division's best second-quarter performance in six years.
The Atlanta Journal-Constitution (July 23, 2014)
Americans are starting to reach for Coca-Cola again, but they're doing so, in part, with mini-cans and smaller bottles rather than larger quantities. After months of sales struggles in its biggest market, the Atlanta-based beverage giant on Tuesday reported case volume for regular Coke, the world's No. 1 soft drink, climbed 1 percent in the second quarter in North America. About 60 percent of that volume came from smaller packages, such as Coke's 8-ounce mini-can, Coke's Chief Executive Officer...
USA TODAY (July 23, 2014)
Brace yourselves for the fall of Apple. Not the decline of the empire that Steve Jobs & Co. built, but the resurgence of Apple during the fall season -- starting with the expected news of iPhone 6 in early September, followed by a new iPad and the long-rumored watch.
Last Updated: 2014-07-25 @18:36
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