WASHINGTON'S LEADING BUSINESS MAGAZINE

Daily Intel

US new-home sales slump 11.4 percent in March as sales tumble in Northeast and South
WASHINGTON (AP) — US new-home sales slump 11.4 percent in March as sales tumble in Northeast and South.
Apr 23, 2015 | 2:23 PM
Procter & Gamble hit by strong dollar in third quarter
NEW YORK (AP) — Procter & Gamble took a hit from the strong dollar, like almost all U.S. companies with business overseas, pushing third-quarter revenue below expectations. Because of the unfavorable currency environment, the company believes...
Apr 23, 2015 | 2:23 PM
US stocks open slightly lower on disappointing earnings
NEW YORK (AP) — U.S. stocks are opening slightly lower following disappointing earnings news from a major homebuilder and other companies. PulteGroup sank 9 percent in early trading Thursday, the most in the Standard & Poor's 500 index, after...
Apr 23, 2015 | 1:23 PM
Spain: Court rejects extradition to US of ex-JPMorgan trader
MADRID (AP) — Spain's National Court has rejected the extradition to the United States of a former JPMorgan Chase & Co. trader wanted for allegedly falsifying bank records, but said the U.S. can take legal action against him in Spain. The court...
Apr 23, 2015 | 1:23 PM
Caterpillar trumps Street 1Q expectations, raises forecast
Caterpillar's earnings soared more than 20 percent in the first quarter, even though revenue slipped, and the construction and mining equipment maker hiked its 2015 earnings forecast well above most expectations. The company's profit for the...
Apr 23, 2015 | 1:23 PM
Frito-Lay helps PepsiCo crunch Wall St. expectations
NEW YORK (AP) — PepsiCo's profit in the first quarter topped Wall Street expectations, boosted by the popularity of its Frito-Lay snacks and lower costs. In a conference call, CEO Indra Nooyi cited examples of new products recently churned out by...
Apr 23, 2015 | 12:23 PM
US jobless aid applications stay low, a sign of few layoffs
WASHINGTON (AP) — The number of Americans seeking unemployment benefits was little changed last week, evidence that employers are cutting few jobs. "Seven straight sub-300K reading signals strong payrolls," Ian Shepherdson, chief economist at...
Apr 23, 2015 | 12:23 PM
Stronger US dollar hurts 3M's earnings and outlook
(AP) — 3M reported disappointing financial results for its first quarter due to the stronger U.S. dollar. The maker of Post-it notes, industrial coatings and ceramics also lowered its outlook for the year and its shares fell before the stock market...
Apr 23, 2015 | 11:23 AM
Union Pacific misses Street 1Q forecasts
(AP) — Union Pacific Corp. (UNP) on Thursday reported first-quarter profit of $1.15 billion. The average estimate of 13 analysts surveyed by Zacks Investment Research was for earnings of $1.37 per share. The railroad posted revenue of $5.61...
Apr 23, 2015 | 10:23 AM
Applications for US unemployment benefits stayed low last week at 295K, signaling few layoffs
WASHINGTON (AP) — Applications for US unemployment benefits stayed low last week at 295K, signaling few layoffs.
Apr 23, 2015 | 10:23 AM