Business News

AP News - Jan 22, 2015 12:07 PM

RICHMOND, Va. (AP) — Packaging company MeadWestvaco Corp. is selling its European-based tobacco folding carton business.The Richmond, Virginia-based company said Thursday it has signed a definitive agreement with Swedish company AR Packaging Gro ...more

AP News - Jan 22, 2015 12:01 PM

WASHINGTON (AP) — Average long-term U.S. mortgage rates fell for the fourth straight week, with the benchmark 30-year rate again marking its lowest level since May 2013. The average for a 15-year mortgage, a popular choice for people who are refinancin ...more

AP News - Jan 22, 2015 11:50 AM

A guideline for buying and maintaining antique and fine furniture.What to look for when buying period furniture:1. Once you've found a piece of furniture you'd like to purchase, research as much as possible about the piece: the manufactur ...more

AP News - Jan 22, 2015 11:42 AM

NEW YORK (AP) — Antique and fine furniture is Miguel Saco's specialty.The master restorer and conservator is known for enhancing the natural beauty of furniture from the last four centuries, including pieces found at the White House, the Metropo ...more

AP News - Jan 22, 2015 11:24 AM

CHICAGO (AP) — United Airlines' fourth-quarter profit fell 80 percent due to severance costs and contracts that lost value as oil prices tumbled.Without those one-time setbacks, however, the airline's adjusted profit soared.The split resu ...more

AP News - Jan 22, 2015 11:20 AM

OMAHA, Neb. (AP) — Union Pacific's fourth-quarter profit surged 22 percent as the railroad hauled more freight, raised rates and paid less for fuel.The Omaha, Nebraska, company beat Wall Street expectations on both net income and revenue, sendin ...more

AP News - Jan 22, 2015 11:17 AM

DALLAS (AP) — Southwest Airlines Co.'s fourth-quarter net income slipped 10 percent due to the effect of fuel-hedging contracts that lost value as oil prices tumbled, but the company's results beat Wall Street expectations.Southwest said Thursda ...more

AP News - Jan 22, 2015 11:14 AM

WASHINGTON (AP) — Because of deferred money, pitcher Max Scherzer's $210 million, seven-year contract with the Washington Nationals has a present-day value of $191.4 million by the calculations of both Major League Baseball and the Major League Basebal ...more

AP News - Jan 22, 2015 11:05 AM

NEW YORK (AP) — Verizon Communications Inc. on Thursday reported a fourth-quarter loss of $2.23 billion, hurt by pension and severance costs.Revenue rose 7 percent, beating expectations, helped by strong wireless subscriber growth and demand for ...more

AP News - Jan 22, 2015 11:01 AM

DAVOS, Switzerland (AP) — The 10-country Association of Southeast Asian Nations, or ASEAN, will be able to declare itself an economic community by the end of the year even though some thorny issues mostly about services are unlikely to be resolved, a t ...more