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US Business
Updated: 6 min 35 sec ago

Sprint Swings to Profit

36 min 41 sec ago
Sprint said it swung to a profit in its fiscal first quarter, as its operating expenses declined and it narrowed its loss of the most lucrative contract customers.
Categories: Business

Peugeot Car Unit Returns to Profit

41 min 1 sec ago
Stiff cost cuts helped French car maker Peugeot Citroën's automobile unit to nose back into the black in the first half for the first time in three years, paring the overall company's losses amid rising sales in Europe and China.
Categories: Business

Twitter Silences Naysayers as Users, Revenue Surge

52 min 2 sec ago
Twitter quieted its doubters, at least for now, over its ability to jump-start shrinking user growth in the shadow of larger rival Facebook. The social-media company posted strong results across the board.
Categories: Business

IRS Blesses Telecom's REIT Turn

57 min 15 sec ago
Windstream's plan to spin off some of its telecommunications assets into a real estate investment trust comes as more U.S. companies seek to lower their taxes.
Categories: Business

Total, Europe Inc. Weigh New Sanctions

57 min 47 sec ago
Total has stopped buying shares in Russian gas-producer Novatek while other European companies have expressed concern at the possible effects of the new sanctions on Russia.
Categories: Business

FTD To Buy Provide Commerce for $430 Million

1 hour 2 min ago
FTD Cos. agrees to buy the Provide Commerce flower and gifting businesses from Liberty Interactive for $430 million in cash and stock.
Categories: Business

IAC/InterActive Swings to Loss as Revenue Falls

1 hour 4 min ago
IAC/InterActive swung to a second-quarter loss as the company's segments focusing on media, search and applications posted declines in revenue
Categories: Business

Eni Hit by Nigeria Pipeline Sabotage

1 hour 7 min ago
Eni said it had shut off some crude production following sabotage on a Nigerian pipeline.
Categories: Business

Benefit Costs Pare Humana's Profit

1 hour 11 min ago
Humana's second-quarter profit falls 18%, as expected, as increased benefit costs help to offset a jump in revenue.
Categories: Business

PSEG Profit Declines 36%

1 hour 12 min ago
Public Service Enterprise Group Inc. said Wednesday its second-quarter earnings fell 36% as the power company's operating revenue declined.
Categories: Business

Singapore Airlines Net Profit Falls 71%

1 hour 14 min ago
Singapore Airlines said its first-quarter net profit fell 71%, as revenue weakened and it remains under pressure to sell seats at a discount due to stiff competition.
Categories: Business

Amazon to Invest $2 Billion in India Expansion

1 hour 16 min ago
Amazon.com said that it will invest $2 billion to expand in India as competition for customers heats up in the fast-growing, South Asian e-commerce market.
Categories: Business

Cenovus Profit Jumps

1 hour 18 min ago
Canadian oil-sands producer Cenovus Energy posted a better-than-expected second-quarter profit and record cash flow, driven by a 33% jump in oil-sands output and higher crude and natural-gas prices.
Categories: Business

Garmin Profit Rises 5.5%, Beats Expectations

1 hour 25 min ago
Garmin said its second-quarter earnings rose 5.5% as sales in the fitness and aviation segments jumped.
Categories: Business

Lorillard's E-Cigarette Sales Drop

1 hour 25 min ago
Lorillard Inc. said its second-quarter profit declined slightly as a drop in sales for the company's e-cigarettes offset a slight increase in sales for traditional cigarettes.
Categories: Business

Huntsman Profit Soars

1 hour 28 min ago
Huntsman Corp. said its second-quarter earnings more than doubled on broad sales growth and stronger margins as the chemical maker also benefited from lower restructuring-related charges and one-time items.
Categories: Business

Booz Allen Profit Ticks Up, Despite Revenue Decline

1 hour 32 min ago
Booz Allen Hamilton Holding Corp. said its fiscal first-quarter profit edged up 1.1%, even as the consulting company's revenue fell amid tepid spending from federal government clients.
Categories: Business

Thomson Reuters Results Flat, but Beat Expectations

1 hour 37 min ago
Thomson Reuters said its second-quarter profit and revenue were essentially flat, although the results topped analysts' expectations.
Categories: Business

Hess Plans Spinoff of Assets

1 hour 43 min ago
Hess aid it plans to pursue a spinoff of some midstream assets, mostly in North Dakota, to create a separately traded company to support growth of its production in the Bakken oil shale play.
Categories: Business

Lynas Scrambles to Cut Losses

1 hour 51 min ago
Lynas has spent a decade and hundreds of millions of dollars trying to break China's stranglehold on rare-earths supply, but now the Australian miner's shareholders worry that its big bet may have gone sour.
Categories: Business