Business

3M 2Q profit rises 6 percent

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 Profit Hurt by Cheaper Wireless Plans

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.


GSK Cuts Full-Year Forecast

GlaxoSmithKline, Britain's biggest drug manufacturer, endured a further fall in its value after cutting its earnings outlook for 2014.


PepsiCo Raises Forecast on Cost Cuts

PepsiCo raised its forecast slightly for the year on Wednesday as it continued to slash costs while selling more of its snacks and drinks.


Boeing Profits Skyrocket on Commercial Jets

Increased production of passenger jets helped push up Boeing's profit by 52 percent in the second quarter, topping Wall Street's expectations.


Apple's Earnings Continue to Soar

Apple continues to deliver strong earnings before the upcoming release of the next iPhone later this year.


U.S. Stocks Soar on Earnings Reports

Solid earnings for big companies helped nudge the U.S. stock market higher on Tuesday.


Crocs Shares Rise on Q2 Performance

Shares of Crocs surged Tuesday as the footwear company's second-quarter performance topped analysts' expectations.


Crocs Plans Layoffs, Closures in Major Revamp

Crocs on Monday evening announced "strategic performance improvement initiatives" that are expected to result in the loss of more than 180 jobs, the closure of retail stores and the scrapping of brands.


Chinese Rotten Meat Scandal Spreads to Japan

A suspect meat scandal in China engulfed Starbucks and Burger King on Tuesday and spread to Japan where McDonald's said the Chinese supplier had provided meat for its chicken nuggets.


U.S. Economy Threatened by Downturns Overseas

David Levy, the economist who predicted the Great Recession, says the U.S. is likely to fall into recession again next year because of downturns in other countries.


Saudi Arabia Will Open Stock Market to Foreigners

Saudi Arabia will open up its stock market to foreign investors in the first half of 2015, providing greater access to the Arab world's biggest exchange.


Dupont Posts Profit, Raises Dividend

DuPont reported a 4 percent rise in its second-quarter profit and increased its quarterly dividend by 4 percent.


Comcast Earnings Rise on Internet Hookups

Comcast's second-quarter net income rose 15 percent to nearly $2 billion as it added high-speed Internet customers at a faster pace than a year ago and video subscriber losses moderated.


Coke Profit Drops, Still Beats Estimates

Coca-Cola on Tuesday reported earnings that declined by 3 percent in its second quarter, and beat analysts' expectations.


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