Business

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.


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.


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