WASHINGTON'S LEADING BUSINESS MAGAZINE

Daily Intel

P&G matches Street 1Q forecasts
CINCINNATI (AP) — Procter & Gamble Co. (PG) on Friday reported net income of $1.99 billion in its fiscal first quarter. On a per-share basis, the Cincinnati-based company said it had profit of 69 cents.
Oct 24, 2014 | 3:24 PM
Ericsson profit down 10 pct despite higher sales
STOCKHOLM (AP) — Wireless equipment maker Ericsson says its third-quarter earnings slumped 10 percent despite higher sales due to increased operating costs and negative effects from currency hedging. Ericsson said costs rose due to higher research...
Oct 24, 2014 | 3:24 PM
UPS expects double-digit surge in Dec shipments
The company recently is hiring up to 95,000 people to handle the tremendous volume this year, way up from the 55,000 seasonal workers it hired in 2013. Major U.S. shipping companies were caught off guard last year after an increasing number of...
Oct 24, 2014 | 2:24 PM
Paintings in national parks spark probe, furor
SALT LAKE CITY (AP) — A series of colorful, eerie faces painted on rocks in some of the West's most famously picturesque landscapes has sparked an investigation by the National Park Service and a furor online. Park Service spokesman Jeffrey Olson...
Oct 24, 2014 | 2:24 PM
Germany's BASF warns on profits and shares drop
BASF upheld its target of a slight increase in pretax earnings this year but said that "from today's point of view" it no longer expects to reach its previous 2015 forecast of 80 billion euros in revenue and 14 billion euros in pretax profit.
Oct 24, 2014 | 2:24 PM
Survey: German consumer confidence stabilizes
BERLIN (AP) — A survey finds that a downward trend in German consumer confidence has come to an end, despite cooler growth prospects for Europe's biggest economy. The government and economists have cut their growth forecasts for Germany after a...
Oct 24, 2014 | 2:24 PM
EU reaches deal to cut greenhouse gas emissions
EU reaches deal to cut greenhouse gas emissions BRUSSELS (AP) — European Union leaders agreed early Friday to cut greenhouse gas emissions in the 28-nation bloc to at least 40 percent below 1990 levels by 2030. The bloc says it is responsible for...
Oct 24, 2014 | 1:24 PM
Evenflo recalls infant seats to fix sticky buckles
Evenflo is recalling more than 202,000 rear-facing infant seats because the buckles can become difficult to unlatch.
Oct 24, 2014 | 12:24 PM
Rajaratnam brother barred for 5 years in SEC deal
WASHINGTON (AP) — The brother of a jailed former hedge fund boss will be barred for at least five years from the securities industry and pay about $841,000 to settle a civil insider trading case against him. The government said he earned up to $75...
Oct 24, 2014 | 11:24 AM
More earnings gains send US stocks higher
NEW YORK (AP) — Stocks are opening slightly higher as U.S. companies report more earnings gains. Procter & Gamble also rose after saying it would make its Duracell battery business a stand-alone company.
Oct 24, 2014 | 11:24 AM