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Friday, April 18, 2014, 6:20 p.m.
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Union Pacific’s profit jumps 14%

posted: 04/18/2014 2 a.m. Discuss

OMAHA, Neb. — Union Pacific Corp. railroad delivered a 14 percent higher quarterly profit as it hauled more agricultural, industrial and coal shipments despite the harsh winter.

Cherokees to start on casino hotel

posted: 04/18/2014 1:56 a.m. Discuss

Later this month, the Cherokee Nation will break ground in Roland, Okla., on a new casino hotel a short distance west from Fort Smith on Interstate 40.

GE optimistic about outlook despite earnings drop

posted: 04/18/2014 1:54 a.m. Discuss

NEW YORK — General Electric’s new focus on oil and gas equipment helped the company post strong first-quarter results.

Business news in brief

posted: 04/18/2014 1:51 a.m. Discuss

QUOTE OF THE DAY “I think the investment in our infrastructure and the condition of our infrastructure paid huge dividends for us, and maybe we had a little luck as well.” Jack Koraleski, Union Pacific chief executive officer

MARKET REPORT: Stocks seesaw on quarterly profit reports

posted: 04/18/2014 1:49 a.m. Discuss

A batch of U.S. company earnings drove stocks mostly higher Thursday.

Earnings report

posted: 04/18/2014 1:48 a.m. Discuss

Companies reporting quarterly earnings Thursday included : Chipotle Mexican Grill Inc., the Mexican food chain, a profit of $83.1 million, or $2.64 a share, up from $76.6 million, or $2.45 a share, a year ago. Revenue climbed 24 percent to $904.2 million. Shares fell $32.79 to close at $519.61.

Costs of $6 billion hit bank’s profits

posted: 04/17/2014 3:23 a.m. Discuss

Bank of America, the second-biggest U.S. lender, swung to a first-quarter loss as the company booked $6 billion of costs tied to mortgage disputes.

March construction data mixed

posted: 04/17/2014 3:22 a.m. Discuss

U.S. home construction rose moderately in March as builders resumed work at the end of a frigid winter. But applications for building permits slid, clouding the outlook for future construction.

2 in note: GM part chosen as cost saver

posted: 04/17/2014 3:16 a.m. Discuss

General Motors Co. engineers in 2001 designed an alternative to the spring used in an ignition switch for the 2003 Saturn Ion before it was rejected, according to a letter sent Wednesday to Chief Executive Officer Mary Barra from Joan Claybrook, a former head of the National Highway Traffic Safety Administration, and Clarence Ditlow, executive director of the Center for Auto Safety.

Fed’s survey sees rebound from winter

posted: 04/17/2014 3:15 a.m. Discuss

The Federal Reserve said Wednesday that the U.S. economy continued to expand in most regions as businesses benefited from a bounce-back from harsh winter weather earlier in the year.

IBM revenue shrinks 8th-straight quarter

posted: 04/17/2014 3:15 a.m. Discuss

IBM’s first-quarter earnings fell and revenue came in below Wall Street’s expectations as amid ongoing decline in its hardware business, one that was exasperated by weaker demand in China and emerging markets.

Bitcoin trader denied bankruptcy shield

posted: 04/17/2014 3:14 a.m. Discuss

The Mt. Gox bitcoin exchange in Tokyo is headed for liquidation after a court rejected its bankruptcy protection application.

MARKET REPORT: Investor cheer buoys stocks again

posted: 04/17/2014 3:12 a.m. Discuss

Investors drove stock prices to their highest level in a week Wednesday, encouraged by a crop of corporate earnings and reassuring U.S. and Chinese economic data.

Business news in brief

posted: 04/17/2014 3:11 a.m. Discuss

QUOTE OF THE DAY “We know GM designed two different plungers and springs. They made an affirmative decision to use the cheaper one.” Joan Claybrook, former head of the National Highway Traffic Safety Administration

U.S. homebuilding up in March after frigid winter

posted: 04/16/2014 11:05 a.m. Discuss

WASHINGTON — U.S home construction rose moderately in March as builders resumed work at the end of a frigid winter. But applications for building permits slid, clouding the outlook for future construction.


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