AutoNation 1Q net income up on higher car sales
RICHMOND, Va. -- AutoNation posted a 5 percent jump in first-quarter profit Wednesday as the nation's largest dealership chain sold more new and used vehicles.
Business News
Watson buying generic drugmaker Actavis for $5.6B
PARSIPPANY, N.J. -- Watson Pharmaceuticals Inc. is buying another generic drugmaker, Switzerland's Actavis Group, for about $5.6 billion in a move that will make Watson in the world's...
US stock futures buoyed by strong earnings data
NEW YORK -- Solid earnings reports are lifting U.S. stock market futures after boosting stocks around the world.
Fed forecast: More growth, lower unemployment
WASHINGTON -- The Federal Reserve has boosted its outlook for U.S. economic growth this year and is slightly more optimistic about the unemployment rate, reflecting improvements in recent months.
US orders for long-lasting goods plunge in March
WASHINGTON -- Orders for long-lasting factory goods fell by the largest amount in three years last month, mostly because demand for commercial aircraft plummeted. But companies also ordered less machinery and other equipment, a sign manufacturing output may slow.
Delta posts 1Q profit on fuel hedges
MINNEAPOLIS -- Delta Air Lines Inc. is reporting a first-quarter profit because of fuel hedging and other one-time gains.
Coca-Cola recommends 2-for-1 stock split
NEW YORK -- The Coca-Cola Co. is recommending its first stock split in 16 years.
Boeing 1Q earnings, revenue rise on aircraft sales
CHICAGO -- Boeing Co. says its first-quarter earnings and revenue rose sharply on better sales of commercial airplanes, and it's raising its 2012 profit forecast.
Caterpillar 1Q profit jumps 29 pct, boosts outlook
PEORIA, Ill. -- Caterpillar says its first-quarter profit jumped 29 percent and it's boosting its outlook for the year with U.S. construction firms replacing old gear and global demand booming for mining equipment.
US Airways books 1Q profit on gain
UNDATED -- US Airways is reporting a first-quarter profit of $48 million because of one-time items, although it lost money on flying.
Strong earnings from AT&T, 3M lift Dow average
The Dow Jones industrial average is closing higher after several companies in the index reported strong quarterly earnings.
AOL launches online video network, AOL On
NEW YORK -- AOL is launching an online video network that will gather its programming onto one platform, the latest bid by a major Internet destination to be a player in Web television.
Apple trumps expectations, sells 35M iPhones in 2Q
NEW YORK -- Apple Inc., the world's most valuable company, trumped skeptics once again by reporting blowout iPhone sales.
4 auto parts makers downplay resin shortage
DETROIT -- Executives from four auto parts companies say they don't expect a widespread impact from a shortage of a key ingredient in plastic resin following a March factory explosion in Germany.
Ex-BP engineer arrested in Gulf oil spill case
NEW ORLEANS -- Federal prosecutors brought the first criminal charges Tuesday in the Gulf oil spill, accusing a former BP engineer of deleting more than 300 text messages that indicated the blown-out well was spewing far more crude than the company was telling the public at the time.
US futures mixed as companies post strong results
NEW YORK -- U.S. stock market futures wobbled Tuesday as solid corporate earnings results could not completely offset concerns about the U.S. economy and continued worries over Europe.
US new-home sales off 7 percent in March
WASHINGTON -- Sales of new homes fell in March by the largest amount in more than a year, indicating that the U.S. housing market remains under strain despite some modest signs of improvement.
Fitch restores Ford credit to investment grade
DETROIT -- The Fitch Ratings agency lifted Ford's credit rating from junk status to investment grade Tuesday, a sign that the company's recovery from near collapse is almost complete.
US stocks slide on economic tremors from Europe
NEW YORK -- Worrying news out of Europe is sending stocks sharply lower at the close of trading.
Wal-Mart faces big fines amid bribery charges
NEW YORK -- Allegations that Wal-Mart Stores Inc. covered up the findings of an internal probe that proved its Mexican subsidiary bribed officials in that country could have huge implications for the world's biggest retailer and its executives.
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