posted: 04/18/2014 2 a.m.
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.
posted: 04/18/2014 1:56 a.m.
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.
posted: 04/18/2014 1:54 a.m.
NEW YORK — General Electric’s new focus on oil and gas equipment helped the company post strong first-quarter results.
posted: 04/18/2014 1:51 a.m.
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
posted: 04/18/2014 1:49 a.m.
A batch of U.S. company earnings drove stocks mostly higher Thursday.
posted: 04/18/2014 1:48 a.m.
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.
posted: 04/17/2014 3:23 a.m.
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.
posted: 04/17/2014 3:22 a.m.
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.
posted: 04/17/2014 3:16 a.m.
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.
posted: 04/17/2014 3:15 a.m.
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.
posted: 04/17/2014 3:15 a.m.
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.
posted: 04/17/2014 3:14 a.m.
The Mt. Gox bitcoin exchange in Tokyo is headed for liquidation after a court rejected its bankruptcy protection application.
posted: 04/17/2014 3:12 a.m.
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.
posted: 04/17/2014 3:11 a.m.
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
posted: 04/16/2014 11:05 a.m.
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.