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Strong earnings, job news give stocks a lift
After a shaky start, U.S. stocks rebounded Thursday, snapping a two-day losing streak. Investors welcomed better-than-expected quarterly results from several companies, including Ford, Coach and Harley-Davidson. Homebuilder stocks surged. Even energy stocks, which were down most of the day, recove...
By Alex Veiga The Associated Press FULL STORY
 
Even with low prices, U.S. oil industry pushing for exports
WASHINGTON — Never mind dropping oil prices. U.S. producers are pushing harder than ever for the right to sell U.S. crude oil overseas. It might seem counterintuitive: Oil prices are as low as they have been at any point since 2009 and the height of the Great Recession, and some say they could dr...
By Henry C. Jackson The Associated Press FULL STORY
Google’s 4Q earnings disappoint, but CFO eases the letdown
SAN FRANCISCO — Google has gotten into the habit of missing analysts’ earnings targets, frustrating investors who believe the online search leader would be more profitable it wasn’t pouring so much money into far-flung projects such as Internet-connected eyewear and driverless cars. The lates...
By Michael Liedtke The Associated Press FULL STORY
 
Visa 1Q profit rises 11 percent, sets 4-for-1 stock split
NEW YORK — Visa’s quarterly profit rose 11 percent as consumer spending grew on the credit and debit card processor’s massive payment network. Visa said Thursday it earned $1.57 billion, or $2.53 per share, in the October-December quarter. That compares with a profit of $1.41 billion, or $2.2...
By Ken Sweet The Associated Press FULL STORY
Samsung getting squeezed
SAN FRANCISCO — The runaway success of Apple’s newest iPhone has fueled a dramatic shift in the global market: the California tech giant is now neck-and-neck with South Korea’s Samsung for the title of world’s leading seller of smartphones. Apple set the standard for modern smartphones when...
The Associated Press FULL STORY
 
Broadcom tops Street 4Q forecasts
IRVINE — Broadcom Corp. on Thursday reported fourth-quarter results that topped Wall Street’s expectations. The communications chipmaker cited strong sales to the high-end smartphone and broadband access markets. The Irvine-based company posted net income of $390 million, or 64 cents per share...
The Associated Press FULL STORY
Decoding the jargon of mutual funds: A look from A to E
NEW YORK — Few industries slip into jargon as much as the investing world. As quickly as you can give your shoe size, mutual fund managers can rattle off their “active share” or “duration.” Such terms have all the grace of a clog, but they can also give valuable information investors shou...
The Associated Press FULL STORY
 
Tech advances lower chance that driver will die in car crash
WASHINGTON — The chances of a driver dying in a crash in a late-model car or light truck fell by more than a third over three years, and nine car models had zero deaths per million registered vehicles, according to a study by the Insurance Institute for Highway Safety. Improved vehicle designs an...
The Associated Press FULL STORY
 
  


 
 
 
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US economy slowed last quarter, but signs are pointing up
WASHINGTON — The U.S. economy slowed in the final three months of 2014, but a burst in consumer sp..
Ex-rap mogul 'Suge' Knight arrested in deadly hit-and-run
WEST HOLLYWOOD — Marion "Suge" Knight, the former music mogul who created one of hip-hop's leading..
Balloon crew nearing North America surpasses duration record
ALBUQUERQUE, N.M. — The pilots of a helium-filled balloon flying across the Pacific Ocean surpasse..
Former GOP nominee Romney will not run for president in '16
WASHINGTON — After a three-week flirtation with another run for president, Mitt Romney said defini..
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