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FCC approves KATV sale to Sinclair

posted: 07/25/2014 11:10 a.m. Discuss

The Federal Communications Commission has approved the sale of KATV, Channel 7, in Little Rock as part of a $985 million sale of all stations owned by Allbritton Communications Co. to Sinclair Broadcast Group.

Ford's 2nd-quarter profit up 6%

posted: 07/25/2014 2:08 a.m. Discuss

DEARBORN, Mich. -- Ford Motor Co. on Thursday beat Wall Street's expectations in the second quarter as it chalked up a record profit in North America and made money in Europe for the first time in three years.

Airlines' quarter earnings hit highs

posted: 07/25/2014 2:05 a.m. Discuss

Investing in airlines has long been the butt of jokes, especially when many U.S. carriers went through bankruptcy court in the past decade.

Union Pacific profits surge 17%

posted: 07/25/2014 2:03 a.m. Discuss

OMAHA, Neb. -- Union Pacific Corp. said Thursday that its quarterly profit climbed 17 percent as the railroad hauled 8 percent more freight and raised shipping rates.

Market report: Stocks stay flat despite movement

posted: 07/25/2014 2 a.m. Discuss

NEW YORK -- Major U.S. stock indexes ended roughly where they began Thursday, despite investors having to work through a busy day of corporate earnings and two economic reports.

Business news in brief

posted: 07/25/2014 2 a.m. Discuss

30-year mortgage rate steady at 4.13%

SEC to end $1 a share for some funds

posted: 07/24/2014 2:12 a.m. Discuss

WASHINGTON -- Regulators voted by a narrow margin Wednesday to end a longtime staple of the investment industry -- the fixed $1 share price for money-market mutual funds -- at least for some money funds used by big investors.

U.S. retail forecast for year falls

posted: 07/24/2014 2:11 a.m. Discuss

A sluggish start in U.S. retail sales in the first half of the year has caused the National Retail Federation to turn back its year-over-year growth forecast to 3.6 percent from 4.1 percent for 2014 even though sales are expected to grow significantly faster over the next five months.

Business aid for women found paltry

posted: 07/24/2014 2:05 a.m. Discuss

NEW YORK -- Women who own small businesses are still far behind their male counterparts when it comes to getting loans and government contracts, a congressional report said Wednesday.

Quarterly earnings for Delta soar 17%

posted: 07/24/2014 2:05 a.m. Discuss

ATLANTA -- Delta Air Lines Inc. said Wednesday that second-quarter earnings rose 17 percent, topping analysts' expectations, as passengers flew more miles at higher average fares and fuel spending declined.

China arrests 5 in meat scandal

posted: 07/24/2014 2:04 a.m. Discuss

BEIJING -- Five employees of a company accused of selling expired beef and chicken to McDonald's, KFC and other restaurants in China were detained by police Wednesday after an official said illegal activity was an organized effort by the supplier.

Market Report: S&P; 500 closes at another record

posted: 07/24/2014 2:02 a.m. Discuss

NEW YORK -- The Standard & Poor's 500 index eked out a record high Wednesday, as investors weighed positive earnings from the technology industry against disappointing news from Boeing and other companies.

U.S. Steel CEO aims to modernize ailing behemoth

posted: 07/24/2014 2:01 a.m. Discuss

In March 2013, Mario Longhi lobbed an unexpected question into a roomful of 150 U.S. Steel Corp. managers: Who here would buy the company's stock, tomorrow?

With payment shift, AT&T; misses estimates

posted: 07/24/2014 1:59 a.m. Discuss

AT&T Inc., the second-largest U.S. wireless carrier, missed earnings estimates as more customers chose smartphone installment plans, paying lower charges for wireless service in exchange for buying devices at full price over time.

Easing recession adding to growth of fair trade sales

posted: 07/24/2014 1:59 a.m. Discuss

NEW YORK -- Brooklyn Roasting Co. has a booming business based on helping people thousands of miles away.

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