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Airline reports 2Q profit of $950M

posted: 07/23/2016 2:39 a.m. Discuss

FORT WORTH -- American Airlines Group Inc. reported a second-quarter profit Friday that topped analyst estimates as lower fuel prices helped offset the effects of a lackluster global economy.

GM profit a post-bankruptcy high

posted: 07/22/2016 2:06 a.m. Discuss

DETROIT -- General Motors' second-quarter profit more than doubled to a post-bankruptcy record $2.87 billion on a strong performance in the United States, where the company saw sales fall after it cut low-profit sales to rental-car companies.

Jobless aid claims dip 1,000

posted: 07/22/2016 2:04 a.m. Discuss

WASHINGTON -- The number of Americans seeking unemployment benefits dropped slightly last week, falling to the lowest point in 13 weeks.

June home sales up 1.1% for 4th straight gain

posted: 07/22/2016 2:03 a.m. Discuss

WASHINGTON -- Americans bought more houses in June, the fourth straight monthly gain as the sales rate reached its highest level in more than nine years.

Market report: Stocks slip after highflying streak

posted: 07/22/2016 2:03 a.m. Discuss

NEW YORK -- Stocks fell Thursday after a mixed set of earnings reports put at least a temporary halt to the market's record-setting run. Airlines had some of the sharpest drops on worries that falling fares will hurt their profits.

Visa's profit surpasses 3Q expectations

posted: 07/22/2016 2:02 a.m. Discuss

Visa Inc., the world's largest payments network, posted fiscal third-quarter profit that beat analysts' estimates as customer card spending accelerated. The company said it will buy back as much as $5 billion of its shares.

Union Pacific's quarterly profit down 19%

posted: 07/22/2016 2:02 a.m. Discuss

OMAHA, Neb. -- Union Pacific's second-quarter profit fell 19 percent as the railroad hauled 11 percent less freight.

Starbucks cuts sales forecast

posted: 07/22/2016 2 a.m. Discuss

NEW YORK -- Starbucks trimmed its sales forecast Thursday after revenue came in lighter than expected in the most recent quarter.

General Motors 2Q profit more than doubles on U.S. earnings

posted: 07/21/2016 11:09 a.m. Comment 1

DETROIT — General Motors' second-quarter profit more than doubled to a post-bankruptcy record $2.87 billion on a strong performance in the U.S., where the company saw sales fall after it cut low-profit sales to rental car companies. It raised its earnings guidance for the year.

U.S. unemployment applications dip to 253,000 last week

posted: 07/21/2016 10:58 a.m. Discuss

WASHINGTON — The number of Americans seeking unemployment benefits declined slightly last week, falling to the lowest point in 13 weeks.

Retailer looks to reduce chemical use

posted: 07/21/2016 2:36 a.m. Discuss

Wal-Mart Stores Inc. is asking suppliers to remove formaldehyde, triclosan and six other substances from their products, part of an effort to eliminate some chemicals from household goods.

$176M to settle oil spill in river

posted: 07/21/2016 2:34 a.m. Discuss

Enbridge Energy Partners has reached a $176 million settlement for the costliest inland oil spill in U.S. history -- a pipeline rupture in southwestern Michigan that polluted a nearly 40-mile stretch of the Kalamazoo River, federal officials said Wednesday.

DuPont investors OK Dow union

posted: 07/21/2016 2:33 a.m. Discuss

PHILADELPHIA -- Shareholders of the DuPont Co., the multinational industrial giant that traces its roots to a Delaware gunpowder mill founded by French immigrants in 1802, voted Wednesday to combine with Michigan-based Dow Chemical Co., a larger company whose shareholders also approved the deal.

Miller is buyable, U.S. tells Anheuser

posted: 07/21/2016 2:32 a.m. Discuss

Anheuser-Busch InBev NV won U.S. antitrust approval for its takeover of SABMiller PLC, after the maker of Budweiser agreed to give up ownership of the Miller brand and open the door to greater competition from craft beers.

Macy's chat tool offers in-store aid

posted: 07/21/2016 2:31 a.m. Discuss

NEW YORK -- Macy's is testing a mobile tool using artificial intelligence that lets shoppers get answers customized to the store they're in -- like where a particular brand is or what's in stock -- that they would normally ask a salesclerk face to face.

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