Business News

AP News - 34 minutes ago

NEW YORK (AP) — Verizon reported Tuesday that its second-quarter earnings nearly doubled after it secured full ownership of Verizon Wireless.Profit jumped to $4.32 billion from $2.25 billion, or 78 cents per share. Net income per share grew, but ...more

AP News - 43 minutes ago

RICHMOND, Va. (AP) — Marlboro maker Altria Group posted flat second-quarter earnings Tuesday as higher prices helped to offset decline in the number of cigarettes it sold.The owner of the nation's biggest cigarette maker, Philip Morris USA, also ...more

AP News - 44 minutes ago

ATLANTA (AP) — Coca-Cola Co. reported quarterly sales that fell short of Wall Street estimates on Tuesday as demand remained weak for Diet Coke in North America.Globally, the world's biggest beverage maker said sales volume rose 3 percent, boost ...more

AP News - 54 minutes ago

WILMINGTON, Del. (AP) — DuPont Co. (DD) on Tuesday reported net income that climbed by 3.9 percent in its second quarter, matching analyst expectations.Shares of the Wilmington, Delaware, company jumped before markets opened and after it release ...more

AP News - 1 hour ago

OAK BROOK, Ill. (AP) — McDonald's Corp. (MCD) on Tuesday reported earnings that declined by 0.7 percent in its second quarter, and missed analysts' expectations.The Oak Brook, Illinois-based company reported profit of $1.39 billion, or $1.40 per ...more

AP News - 1 hour ago

GENEVA (AP) — Credit Suisse, Switzerland's second-biggest bank, posted a second-quarter net loss of 700 million Swiss francs ($779 million) Tuesday after paying the largest penalty ever imposed in a U.S. criminal tax case.The steep loss contrast ...more

AP News - 2 hour ago

PHILADELPHIA (AP) — Comcast Corp.'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.Its adjusted earnings topped Wall ...more

AP News - 2 hours ago

NEW YORK (AP) — CIT Group will buy privately owned OneWest Bank in a $3.4 billion cash-and-stock deal.OneWest, a regional bank whose parent company is IMB Holdco LLC, runs 73 retail branches in southern California.IMB shareholders will re ...more

AP News - 2 hours ago

SEOUL, South Korea (AP) — Two passenger trains collided head-on in eastern South Korea on Tuesday, killing one passenger and injuring dozens, officials said.Authorities are investigating what caused the crash, which occurred at about 6 p.m. in e ...more

AP News - 4 hours ago

BEIJING (AP) — A suspect meat scandal in China engulfed Starbucks and Burger King on Tuesday and spread to Japan where McDonald's said the Chinese supplier accused of selling expired beef and chicken had provided 20 percent of the meat for its chicken ...more