WellPoint 2nd-quarter profit falls on higher expenses, but still tops Wall Street projections
WellPoint's second-quarter profit fell 8.6 percent as expenses climbed.
Asian stock markets boosted by growth in Chinese corporate profits
Asian stock markets were mostly higher Monday, shrugging off jitters about stiffer Western sanctions against Russia, after China reported strong corporate profits.
Business events and economic reports scheduled for the coming month
FRIDAY, Aug. 1 WASHINGTON — Labor Department releases employment data for July, 8:30 a.m.; Commerce Department releases personal income and spending for June, 8:30 a.m.; Institute for Supply Management releases its manufacturing index for July, 10 a.m.; Commerce Department releases construction spending for June, 10 a.m.
Hyundai Motor's 2Q profit dips due to strong South Korean won
Hyundai Motor Co. says its second-quarter profit fell 7 percent as the appreciation of South Korean diluted its overseas earnings.
Health insurer UnitedHealth's 2nd-quarter profit slips 2 percent as taxes, other expenses rise
UnitedHealth Group says its second-quarter earnings slipped 2 percent on a rise in taxes and other expenses, but the nation's largest health insurer still trumped analyst expectations.
Strong demand helped CSX in 2Q but railroad had to scramble to keep up with volume
CSX Corp. officials are optimistic about the railroad's long-term results, but its third-quarter profit will likely be relatively flat.
Idaho ends 2014 budget year with $7.2M more than expected
State officials say Idaho closed the 2014 fiscal year with $7.2 million more than anticipated.
Ohio casino tax revenue for past year falls short of predictions; racino competition blamed
Ohio's casino tax revenue over the past year fell short of what state officials had predicted.
Fannie, Freddie Rake in $39.2B of Profits; Plan Hefty Refunds to U.S.
Boosted by rising home prices, government-run Fannie Mae and Freddie Mac posted combined third-quarter profits of nearly $40 billion.
Citigroup 2Q Results Beat the Street
The bank reported a 96% drop in quarterly earnings after taking a $3.8 billion charge related to a settlement with the DoJ. Citigroup will Pay $7 Billion to Resolve Mortgage Probe
Avon Reaches Preliminary Bribery Probe Deal; Revenue Falls
Avon Products will pay the U.S. government $135 million to settle a multiyear probe into its efforts to develop new markets overseas, according to a preliminary understanding the beauty products company disclosed on Thursday.
Eli Lilly Projects In-Line '14 Profit Slump
Eli Lilly forecast a decline in earnings, in line with views, hurt by cheaper generic forms of its Zyprexa and Cymbalta drugs.
Avon Dives 20% on Bribery Settlement Warning, 3Q Earnings Miss
Avon warned that negotiations with the government over a bribery probe could lead to a massive settlement that would materially impact the business.
AstraZeneca Appoints New CFO as Profit Falls
AstraZeneca appointed former GlaxoSmithKline executive Marc Dunoyer as chief financial officer on Thursday and revealed an 18% decline in third-quarter profit.
Smith & Wesson Reveals Surging 4Q Profits Amid 'Robust Consumer Demand'
The gun manufacturer more than doubled its quarterly profits amid robust consumer demand.
Sports Authority Sends Ripple Effect Through Industry
Sporting-goods retailers and equipment makers are feeling a ripple effect from Sports Authority’s bankruptcy.
Dick's Considers Buying Sports Authority Stores
Dick’s Sporting Goods has interest in acquiring Sports Authority stores after the competing retailer went bankrupt.
Shake Shack Shares Drop on Missed Guidance
Shake Shack's shares fell as much as 11 percent in early trading on Tuesday, a day after the hamburger chain reported the slowest sales growth at established restaurants in a year.
Election Year Fuels High-Flying Gun Stocks
Gun stocks are soaring once again, and the fight for the White House is expected to help fuel sales in 2016.