Airlines are piling up profits and sharing the riches with investors as they ride a post-merger tide of higher fares and stable fuel costs.
Morgan Stanley has agreed to pay $275 million to settle U.S. civil charges that it misled investors about risky mortgage bonds it sold ahead of the 2008 financial crisis.
Visa Inc. said Thursday its profit climbed 11 percent in its fiscal third quarter versus a year earlier, aided by growth in payments volume, service revenue and transactions.
Shares of Amazon.com fell Thursday after the e-commerce retailer reported a larger than expected second-quarter loss as expenses piled up faster than revenue.
Dunkin' Brands CEO Nigel Travis says the company is pushing to get its cashiers to "upsell" to afternoon customers as part of an effort to increase sales after the morning rush.
Union Pacific Corp. says its profit climbed 17 percent in the second quarter as the railroad hauled 8 percent more freight and raised shipping rates.
FORT WORTH, Texas (AP) — Profit and revenue are up at American Airlines, and the company will share some of the gains with shareholders. American Airlines Group Inc. said Thursday that it earned $864 million in the second quarter, up from the $507 million that American and US Airways earned separately a year ago, before their merger. Excluding specials charges, the company said it earned a ...
DALLAS (AP) — Southwest Airlines is reporting a record profit for the second quarter, more than doubling what it earned a year ago. Southwest said Thursday that net income rose to $465 million. Excluding special items, the airline earned 70 cents per share. That beats Wall Street's forecast of 61 cents per share, according to FactSet. The company says it also set records for passenger fares ...
CANTON, Mass. (AP) — Dunkin' Brands Group Inc. (DNKN) on Thursday reported net income that rose by 13 percent in its second quarter. The results matched analysts' expectations. The Canton, Massachusetts-based company said earnings increased to $46.2 million, or 43 cents per share, from $40.8 million, or 38 cents per share, in the same quarter a year ago. Earnings, adjusted for one-time gains ...
PEORIA, Ill. (AP) — Caterpillar's second-quarter net income rose 4.1 percent even as revenue slipped. The construction equipment company's adjusted profit topped Wall Street's view, but revenue fell short. It also boosted its full-year earnings forecast. Caterpillar — which also makes power systems that include large electrical generators and locomotive engines — earned $999 million, or $1.57 ...
ST. PAUL, Minn. (AP) — 3M's second-quarter profit jumped 6 percent as sales surged across all its businesses. The maker of Post-it notes, industrial coatings and ceramics posted net income of $1.27 billion, or $1.91 per share, in the quarter ending June 30, compared with $1.2 billion, or $1.71 per share, in the same quarter a year ago. The profit matched Wall Street expectations and the ...
AT&T on Wednesday posted lower net income for the latest quarter due to cheaper cellphone plans it introduced as a response to aggressive pricing from smaller competitor T-Mobile US.
GlaxoSmithKline, Britain's biggest drug manufacturer, endured a further fall in its value after cutting its earnings outlook for 2014.
PepsiCo raised its forecast slightly for the year on Wednesday as it continued to slash costs while selling more of its snacks and drinks.
Increased production of passenger jets helped push up Boeing's profit by 52 percent in the second quarter, topping Wall Street's expectations.