WASHINGTON'S LEADING BUSINESS MAGAZINE

Daily Intel

AstraZeneca profit falls as patent expires on heartburn drug
LONDON (AP) — Anglo-Swedish drug-maker AstraZeneca PLC reported a 7 percent fall in net profit for the first quarter of 2015, as cheaper copies of one of its best-sellers ate into sales. [...] AstraZeneca reported 45 percent growth in sales of...
Apr 24, 2015 | 1:24 PM
US durable goods orders in March posted biggest gain in 8 months, but investment down
WASHINGTON (AP) — US durable goods orders in March posted biggest gain in 8 months, but investment down.
Apr 24, 2015 | 1:24 PM
China, Japan stocks fall on data, Nasdaq boosts some markets
BEIJING (AP) — Chinese and Japanese stocks fell Friday on weaker global manufacturing data while other Asian benchmarks rose after the U.S. Nasdaq index hit a new high. A survey by HSBC Corp. found China's manufacturing activity weakened this month...
Apr 24, 2015 | 12:24 PM
Starbucks extracts more money with pricier drinks, food
New drinks like the "Flat White" espresso drink and Teavana "Shaken" iced teas help drive up sales because they're a little pricier than other drinks, Starbucks Chief Financial Officer Scott Maw said. Dunkin' Donuts, which has been trying to appeal...
Apr 24, 2015 | 11:24 AM
Cablevision cuts lowest Internet-only price, adds antenna
NEW YORK (AP) — New York-area cable company Cablevision is offering an Internet package that bundles in a digital antenna for TV service and is aimed at so-called "cord-cutters" who detest pricey channel packages. The cheapest offering, for about $...
Apr 24, 2015 | 11:24 AM
Google lavishes chairman with $109 million pay package
The hefty raise came in a year that saw Google's stock drop by 5 percent amid investor concerns about the company's big spending on far-flung projects. Analysts have also questioned whether Google will be able to maintain its dominance in Internet...
Apr 24, 2015 | 11:24 AM
Microsoft results show company's shift, but is it enough?
[...] a continuing slump in the PC industry has caused Microsoft's stock to flounder in recent months, marking the end of a honeymoon year in which shares rose steadily after Nadella took the reins in February 2014. Microsoft's latest report shows...
Apr 24, 2015 | 10:24 AM
Ford to lay off 700 workers due to slow car sales
DETROIT (AP) — Ford Motor Co. said Thursday it's laying off 700 workers at a Michigan assembly plant because of slow sales of the small cars and hybrids it makes. Ford says 675 assembly line workers and 25 salaried workers are affected. Jimmy...
Apr 24, 2015 | 10:24 AM
Google's 1Q reassures investors despite earnings miss
Investors, though, were encouraged by a healthy gain in the number of people looking at Google's ads, even as the average prices for those marketing messages extended a three-and-half year slump. Gillis said that gain also probably reflected...
Apr 24, 2015 | 9:24 AM
Justice Department sues Quicken over mortgage underwriting
NEW YORK (AP) — The Justice Department is suing Quicken Loans, saying the lender approved hundreds of mortgage loans that didn't meet federal standards, leaving the government stuck with the bill when borrowers defaulted. According to the Justice...
Apr 24, 2015 | 9:24 AM