WASHINGTON'S LEADING BUSINESS MAGAZINE

Daily Intel

American Airlines boosts profit on higher revenue
FORT WORTH, Texas (AP) — Profit and revenue are up at American Airlines, and the company will share some of the gains with shareholders. American said that it will pay a dividend for the first time since 1980, buy back up to $1 billion in shares,...
Jul 24, 2014 | 11:24 AM
IMF cuts US and global growth forecasts for 2014
WASHINGTON (AP) — The International Monetary Fund foresees the global economy expanding less than it had previously forecast, slowed by weaker growth in the United States, Russia and developing economies. The weaker growth estimates underscore the...
Jul 24, 2014 | 11:24 AM
United Airlines posts 2Q profit, reversing 1Q loss
The airline's net income in the second quarter hit $789 million, topping Wall Street expectations and marking a turnaround from the first quarter when United was the only major U.S. carrier to report a loss. Shares of United Continental Holdings...
Jul 24, 2014 | 11:24 AM
Southwest reports record profit of $465M for 2Q
The company said it set records for passenger fares per mile and the percentage of seats sold on its planes during the April-to-June period. Southwest Airlines Co. is in the midst of several big changes, including phasing out the AirTran Airways...
Jul 24, 2014 | 11:24 AM
Average US 30-year mortgage rate at 4.13 pct.
Mortgage rates are below the levels of a year ago, having fallen in recent weeks after climbing last summer when the Federal Reserve began talking about reducing the monthly bond purchases it was making to keep long-term rates low. The government...
Jul 24, 2014 | 11:24 AM
US new-home sales plummet in June
"Today's report underscores" Federal Reserve Chair Janet Yellen's "observation in testimony last week that housing sector data still are 'disappointing,'" said Dana Saporta, director of economic research at the bank Credit Suisse. Home sales had...
Jul 24, 2014 | 11:24 AM
GM profit 2Q falls 85 pct. on recall costs
DETROIT (AP) — Recall expenses chopped $1.5 billion from General Motors' bottom line in the second quarter, as it added up the costs of repairs for nearly 30 million cars and set aside funds to compensate victims of small-car crashes. GM took two...
Jul 24, 2014 | 11:24 AM
American Airlines to pay first dividend since 1980
FORT WORTH, Texas (AP) — American Airlines says it will pay its first dividend since 1980. American will also spend up to $1 billion to buy back shares, which raises the value of remaining shares.
Jul 24, 2014 | 11:24 AM
FX says overnight ratings becoming meaningless
NEW YORK (AP) — It's a rite nearly as old as television: the morning after a new show premieres, network executives wait impatiently for the Nielsen company's estimate of how many people watched, and rush to report the first sign of a hit. Inside...
Jul 24, 2014 | 11:24 AM
Wal-Mart names new CEO of US discount division
U.S. Wal-Mart stores have suffered five straight quarters of sales declines at stores open at least a year, hurting from a tough economy and fierce competition from dollar stores and Amazon.com. The measure is considered a key indicator of a...
Jul 24, 2014 | 11:24 AM