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US Jobless Aid Applications Stay Low, a Sign of Few Layoffs

Thursday, 23 April 2015 07:38 Written by
The number of Americans seeking unemployment benefits was little changed last week, evidence that employers are cutting few jobs. The Labor Department says weekly applications for jobless aid ticked up 1,000 to a seasonally adjusted 295,000. The four-week average, a less volatile measure, increased to 284,500. Still, that is just 2,000 higher than three weeks ago when the average was at a nearly 15-year low. Applications are a proxy for layoffs. The very low
Truck, SUV Profits Push GM 1Q Profit 8 Times Above Year Ago
Thursday, 23 April 2015 07:23 Written by
First-quarter profits at General Motors rose nearly eight times above a year ago as U.S. consumers spent big on pickups and SUVs and the company didn't have to set aside a huge stack of money to pay for recalls. The Detroit automaker said it made $945 million, as people got used to lower gasoline prices and decided to buy bigger vehicles. That's right in GM's sweet spot for trucks like the Chevrolet Silverado pickup
Union Pacific Misses Street 1Q Forecasts
Thursday, 23 April 2015 07:20 Written by
Union Pacific Corp. (UNP) on Thursday reported first-quarter profit of $1.15 billion. On a per-share basis, the Omaha, Nebraska-based company said it had profit of $1.30. The results fell short of Wall Street expectations. 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 billion in the period, which also did not meet Street forecasts. Six analysts surveyed by Zacks
United Airlines Posts Record Profit of $508 Million for 1Q
Thursday, 23 April 2015 07:20 Written by
Lower fuel prices are helping United Airlines earn record profits despite a dip in revenue. But the airline is predicting a key revenue figure will fall in the second quarter. And it's speeding up changes to its fleet, including retiring more small planes. United Continental Holdings Inc. said Thursday that first-quarter net income was a record $508 million, compared with a year-ago loss of $609 million. Excluding items, United says it earned $1.52 per
Frito-Lay Helps PepsiCo Crunch Wall St. Expectations
Thursday, 23 April 2015 07:05 Written by
PepsiCo's profit in the first quarter topped Wall Street expectations, boosted by the popularity of its Frito-Lay snacks and lower costs. The global food-and-beverage maker said its snacks unit saw volume climb 3 percent in North America. Its beverage unit for the Americas, which includes Mountain Dew and Gatorade, saw volume decline 1 percent. Snack and beverage volumes fell in Europe, and the company's overall revenue was dragged down by unfavorable currency exchange rates.
Stocks Turn Lower After Weak Global Economic Surveys
Thursday, 23 April 2015 06:56 Written by
Asian shares rose Thursday despite fresh data showing economic weakness in China and Japan, as investors pinned their hopes on further stimulus measures. Monetary easing and ample liquidity are drawing foreign investors, boosting markets across the region. KEEPING SCORE: Japan's Nikkei 225 remained above the 20,000 mark it broached for the first time in 15 years the day before, gaining 0.2 percent to 20,180.74. Hong Kong's Hang Seng index added 0.5 percent to 28,073.26
Altria Beats 1Q Profit Expectations
Thursday, 23 April 2015 06:56 Written by
Marlboro maker Altria Group Inc. reported lower first-quarter profit because of debt costs, but the adjusted results still topped Wall street expectations, partly on rising cigarette prices. The company's profit fell 13.4 percent to just under $1.02 billion, or 52 cents per share, while revenue rose 5.2 percent to $5.8 billion. Adjusted for special items, the company said it earned 63 cents per share. Analysts polled by FactSet expected profit of 62 cents per
Authentic Brands Adds Jones New York to Portfolio
Thursday, 23 April 2015 06:53 Written by
Authentic Brands Group says it will add Jones New York to its portfolio of women's fashion brands. Jones New York has been closing stores and shrinking its business. Deal terms were not disclosed Thursday. Authentic Brands Group LLC also says it named Mark Weber a strategic advisor who will focus initially on the Jones New York Brand. Weber previously served as CEO of Louis Vuitton parent company LVMH Inc. Jones New Nork is owned
Frito-Lay Helps PepsiCo Top Wall Street Expectations
Thursday, 23 April 2015 06:46 Written by
PepsiCo's profit in the first quarter topped Wall Street expectations, boosted by the popularity of its Frito-Lay snacks and lower costs. The global food-and-beverage maker said its snacks unit saw volume climb 3 percent in North America. Its beverage unit for the Americas, which includes Mountain Dew and Gatorade, saw volume decline 1 percent. Snack and beverage volumes fell in Europe, and the company's overall revenue was dragged down by unfavorable currency exchange rates.
Procter & Gamble Hit by Strong Dollar in Third Quarter
Thursday, 23 April 2015 06:41 Written by
Procter & Gamble took a hit from the strong dollar, like almost all U.S. companies with business overseas, pushing revenue below expectations. Because of the unfavorable currency environment, the company believes revenue for the year will slide 5 percent to 6 percent. It still expects adjusted earnings to be in line to down low single digits compared with last year. Procter & Gamble Co., which makes everything from Tide detergent to Crest toothpaste, earned

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