Business

Amazon Shares Drop on Q2 Loss

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.


Airlines Pick Up Big Profits in 2nd Quarter

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.


Dunkin' Donuts Pushes Afternoon Upsells

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.


Morgan Stanley Ponies Up $275 Million to Settle SEC Charges

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.


Union Pacific Profit Makes the Grade at 17 Percent

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.


American Airlines boosts profit on higher revenue

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 ...


Southwest reports record profit of $465M for 2Q

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 ...


Dunkin' 2Q profit rises 13 percent

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 ...


Caterpillar 2Q profit rises, revenue declines

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 ...


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.


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