More Business Articles

  • Merck 2Q profit more than doubles

    A big one-time gain and a tax benefit helped drugmaker Merck & Co. more than double its second-quarter profit, raise the lower end of its profit forecast and easily top analysts' expectations. The maker of popular Type 2 diabetes pill Januvia and cholesterol medicines Vytorin and Zetia said...

  • Despite good news, benefit programs face problems

    WASHINGTON (AP) — Despite some good news, Medicare and Social Security still face long-term financial problems as millions of baby boomers reach retirement. Social Security's disability program is already in crisis as it edges toward the brink of insolvency. Getting relief from a slowdown in...

  • Waste Management selling subsidiary for $1.94B

    HOUSTON (AP) — Waste Management is selling a subsidiary to Energy Capital Partners for $1.94 billion as part of its effort to focus on its core business. It is selling Wheelabrator Technologies Inc., which owns or runs 17 waste-to-energy facilities and four independent power-producing plants...

  • Pfizer's 2Q profit sinks 79 pct but tops forecasts

    NEW YORK (AP) — Pfizer's second-quarter earnings plunged 79 percent from last year, when the world's second-largest drugmaker booked a business spinoff gain of more than $10 billion. The latest results still edged analyst expectations. The New York company said Tuesday it earned $2.91...

  • Reynolds American 2Q profit climbs 6.7 percent

    WINSTON SALEM, N.C. (AP) — Reynolds American Inc. says that its profit rose by 6.7 percent in its second quarter, topping analysts' expectations. The Winston Salem, North Carolina-based company said earnings increased to $492 million, or 92 cents per share, from $461 million, or 84 cents per...

  • 'Pawn Stars' TV star plans stores near famous shop

    LAS VEGAS (AP) — The long parade of tourists who regularly stop by the downtown Las Vegas shop featured on the History Channel reality show "Pawn Stars" could soon have something better to do while waiting in line. Gold & Silver Pawn Shop co-owner Rick Harrison has drawn up plans for a Pawn...

  • Europe, Asia stocks up ahead of US data

    SEOUL, South Korea (AP) — European and Asian stocks rose Tuesday ahead of a string of U.S. and Chinese economic reports later this week and despite the possibility of more sanctions on Russia. Wall Street was expected to rise on the open. KEEPING SCORE: By early afternoon in Europe, Germany's...

  • Storms prompt concern about some Michigan crops

    BEAVER TOWNSHIP, Mich. (AP) — There's concern among some Michigan farmers that severe thunderstorms that dropped hail on parts of the state will hurt their harvests. Bay County farmer Lee Koch tells The Bay City Times (http://bit.ly/1tW3YYc ) that he won't know the effects of damage on his...

  • UPS 2Q profit drops 58 percent

    ATLANTA (AP) — United Parcel Service Inc. (UPS) on Tuesday reported net income that declined by 58 percent in its second quarter, and missed analysts' expectations. The Atlanta-based company said profit declined to $454 million, or 49 cents per share, from $1.07 billion, or $1.13 per share,...

  • China investigating Microsoft in monopoly case

    BEIJING (AP) — China's anti-monopoly agency has announced an investigation of Microsoft Corp., stepping up pressure on foreign technology companies. The agency said Tuesday it opened a case in June after complaints that Microsoft violated an anti-monopoly law by failing to publish all...

  • Renault profits rise thanks to cost cuts

    PARIS (AP) — French carmaker Renault says its profits in the first half of the year rose, partly thanks to lower costs as its revenue dropped. The maker of the Twingo and Clio hatchbacks said Tuesday its net income rose to 749 million euros ($1 billion) from 39 million euros a year earlier....

  • Aetna 2Q profit rises 2.4 percent

    Aetna's second-quarter profit climbed more than 2 percent, as gains from an acquisition helped the health insurer beat analyst expectations and raise its 2014 earnings forecast again. The Hartford, Connecticut, company said Tuesday it now expects full-year adjusted earnings to range between...

  • Tangipahoa council supports proposed clinic

    AMITE, La. (AP) — The Tangipahoa Parish Council has unanimously agreed to a proposed Access Health Louisiana clinic designed for those without health insurance or in a low-income bracket. Mark F. Keiser, executive director of the company, says establishing and staffing a health clinic in the...

  • Study: 35 percent in US facing debt collectors

    WASHINGTON (AP) — More than 35 percent of Americans have debts and unpaid bills that have been reported to collection agencies, according to a study released Tuesday by the Urban Institute. These consumers fall behind on credit cards or hospital bills. Their mortgages, auto loans or student...

  • EU clears state aid for ailing Polish carrier LOT

    BRUSSELS (AP) — The European Union's antitrust authority on Tuesday approved the Polish government's 200 million-euro ($270 million) bailout for its ailing national carrier, LOT airlines. The 28-nation bloc's executive Commission said the assistance does not violate EU rules limiting state...



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