More Business Articles

  • Molson Coors Brewing CEO to retire at year's end

    DENVER (AP) — Molson Coors Brewing President and CEO Peter S. Swinburn will retire at the end of the year. The brewing company said Friday that Swinburn will be succeeded in the posts by Mark R. Hunter, who currently serves as CEO and president of Molson Coors Europe. The 61-year-old...

  • US stocks ease on earnings results

    NEW YORK (AP) — The stock market is lower in early trading after online retail giant Amazon posted a quarterly loss. The Dow Jones industrial average lost 102 points, or 0.6 percent, to 16,981 shortly after the market opened Friday The Standard & Poor's 500 index slipped six points, or 0.3...

  • Green River Steel property sold for $2.6 million

    OWENSBORO, Ky. (AP) — A 92-acre site at the Owensboro Riverport has been sold for $2.6 million after seven years on the market. Castlen Welding and Manufacturing purchased the one-time site of Green River Steel and the sale is expected to be finalized in 60 days. Riverport Authority Chairman...

  • AbbVie 2Q profit climbs 2.8 percent

    NORTH CHICAGO, Ill. (AP) — Drugmaker AbbVie Inc.'s (ABBV) second-quarter profit increased nearly 3 percent and beat analysts' expectations, as sales soared for the world's top-selling drug, Humira. The North Chicago, Illinois company said Friday that earnings increased to $1.1 billion, or 68...

  • Orders for US durable goods up 0.7 percent in June

    WASHINGTON (AP) — Orders for long-lasting manufactured goods rebounded in June after a May decline, helped by a recovery in demand in a key category that signals business investment plans. Orders for durable goods increased 0.7 percent in June on a seasonally adjusted basis following a 1...

  • Xerox 2Q profit drops 1.8 percent

    NORWALK, Conn. (AP) — Document management company Xerox Corp. (XRX) on Friday reported profit that declined by 1.8 percent in its second quarter, and beat analysts' expectations. The Norwalk, Connecticut-based company said net income dropped to $266 million, or 22 cents per share, from $271...

  • CU forecasts moderate job growth for rest of '14

    BOULDER, Colo. (AP) — The University of Colorado business school is predicting moderate job growth in the state for the rest of the year. The Leeds School of Business forecast released Friday was based on business registration data from the Secretary of State's Office. Nearly 25,000 new...

  • Pot may be legal, but homeowner agreements can ban

    DENVER (AP) — Pot may be legal in some states — but the neighbors don't have to like it. Marijuana and hemp have joined wacky paint colors and unsightly fences as common neighborhood disputes facing homeowners' associations. Though a few HOAs have willingly changed their rules to...

  • Cleveland Speedway sells at auction for $800,000

    CLEVELAND, Tenn. (AP) — After multiple years on the market, the Cleveland Speedway has been sold at auction for $800,000. Retired investor Al Chapman of Chickamauga, Georgia, told WRCB-TV Chattanooga (http://bit.ly/1t3z6Hz) he's not sure what the future holds for the track, but keeping it...

  • Orders for US durable goods up 0.7 percent in June led by solid gain in business investment

    WASHINGTON (AP) — Orders for US durable goods up 0.7 percent in June led by solid gain in business investment.

  • Greenfield plant plans $5M upgrade

    GREENFIELD, Mass. (AP) — A high-tech metalworking tool manufacturer in Greenfield has announced a nearly $5 million upgrade that is expected to bring 70 new jobs to the region. Kennametal Inc. plans to invest $3.4 million immediately on upgrades to the plant, equipment and machinery, as well...

  • Moody's 2Q profit up, lifts 2014 revenue outlook

    NEW YORK (AP) — Moody's second-quarter net income increased by 42 percent as revenue improved at both of its divisions. The credit ratings agency's performance beat Wall Street's expectations, and the company raised its full-year revenue forecast. It stock rose in premarket trading on Friday....

  • Russia bans dairy imports from Ukraine

    MOSCOW (AP) — Russia has announced a ban on all dairy imports from Ukraine starting next week, a move Kiev has dismissed as politically motivated. The Russian agency in charge of agricultural products said Friday it is banning imports of Ukrainian dairy starting Monday because of numerous...

  • Food trucks unlikely in Bowling Green

    BOWLING GREEN, Ky. (AP) — People hoping for a regular food truck presence in Bowling Green could be left wanting. The southern Kentucky city of about 60,000 people doesn't have any regular food trucks patrolling the town. Western Kentucky University professor of hotel, restaurant and tourism...

  • Kroger closing US Highway 82 grocery

    GREENVILLE, Miss. (AP) — Supermarket chain Kroger is shutting down its store on U.S. Highway 82 in Greenville, idling 70 workers. Kroger announced this week the store will close Aug. 23. Kroger spokesman Joe Bell tells the Delta Democrat-Times (http://bit.ly/1l0Bjvw ) the U.S. 82 location's...



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