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Business News continually updated from thousands of sources around the net.

1 hr ago | The Modesto Bee

Pfizer's 2Q profit sinks 79 pct but tops forecasts

The latest results still edged analyst expectations. The New York company said Tuesday it earned $2.91 billion, or 45 cents per share, in the quarter.

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Related Topix: Pfizer, Biotech, Healthcare Industry, Erectile Dysfunction, Lipitor, Atorvastatin (generic)

1 hr ago | The Modesto Bee

Reynolds American 2Q profit climbs 6.7 percent

The Winston Salem, North Carolina-based company said earnings increased to $492 million, or 92 cents per share, from $461 million, or 84 cents per share, in the same quarter a year earlier.

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Related Topix: Winston-Salem, NC, Salem, NC

1 hr ago | The Modesto Bee

UPS 2Q profit drops 58 percent

The Atlanta-based company said profit declined to $454 million, or 49 cents per share, from $1.07 billion, or $1.13 per share, in the same quarter a year earlier.

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Related Topix: Transportation, Trucking, United Parcel Service, Air Courier

4 hrs ago | The Washington Post

Mom - Trusting God' to Save Ebola-Infected U.S. Doctor's Life

Kent Brantly, a 33-year-old doctor who volunteered to fight deadly Ebola in Africa soon after finishing his hospital residency in Texas, is one of two U.S. citizens being treated for the disease.

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Related Topix: World News, Africa, Liberia, Nigeria, Epidemic, Natural Disasters

Mon Jul 28, 2014

The Modesto Bee

Key dates in fight over Los Angeles Clippers sale

Here is a timeline of developments in the move to sell the Los Angeles Clippers to former Microsoft CEO Steve Ballmer.

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Related Topix: Sports, Los Angeles Clippers, NBA Basketball

The Washington Post

Buying on Dips Pays Most in 5 Years as S&P 500 Batters Bears

Not since the bull market began has buying dips in the Standard & Poor's 500 Index been a surer way of making money.

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Related Topix: Financial Markets

The Washington Post

Bulls Fleeing Natural Gas as Goldman Sees Further Drop: Energy

Speculators are fleeing natural gas after prices dropped below $4 for the first time since December and power plant production fell to a 13-year seasonal low.

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Related Topix: Goldman Sachs, Financial Services, Investment Services, US Energy Systems, Energy, Bethesda, MD

The Washington Post

4The airlines are making millions, but there's no relief in sight for consumers

The top American airlines are making more money than ever - but don't expect it to mean lower prices for passengers.

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Related Topix: Airlines, Virgin America

Myrtle Beach Online

Medicare hospital fund to last 4 years longer

The program's giant hospital trust fund won't be exhausted until 2030 - four years later than last year's estimate.

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Related Topix: Healthcare Law, Law, Medicare, Health, Social Security, Personal Finance, Retirement

Fox News

Smith & Wesson Fined $2M Over Foreign Bribery Charges

Smith & Wesson on Monday agreed to pay a $2 million fine to settle charges that employees and company representatives paid foreign officials to win supplier contracts, according to the Securities and Exchange Commission.

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Related Topix: Securities and Exchange Commission, Corporate / Securities Law, Law

Myrtle Beach Online

Virgin America files for IPO

Virgin America Inc., which operates out of Los Angeles and San Francisco, flies to 22 airports in the United States and Mexico and has a fleet of 53 planes.

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Related Topix: Virgin America, Richard Branson

Myrtle Beach Online

Zillow buying Trulia in $3.5 billion stock deal

Trulia's stock rose more than 14 percent in Monday premarket trading, while Zillow's stock fell more than 3 percent.

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Related Topix: Trulia, Startups, Zillow

The Washington Post

2Samsung postpones launch of Tizen smartphone

Samsung Electronics Co. said Monday it is delaying sales of its first Tizen-powered smartphone in the latest setback to the company's ambition to create a mobile platform to rival Google's Android or Apple's iOS.

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Related Topix: Electronics, Semiconductors, Samsung Electronics Co

The Modesto Bee

Britain reopens way for fracking

Business and Energy Minister Matthew Hancock said shale gas has the potential to increase the country's energy supply but stressed national parks will be protected.

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Myrtle Beach Online

Dollar Tree buying Family Dollar for $8.5 billion

Stockholders of Family Dollar Stores will receive $59.60 in cash and the equivalent of $14.90 in shares of Dollar Tree for each share they own.

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Related Topix: Retail, Family Dollars Stores, Chesapeake, VA

Myrtle Beach Online

Russia ordered to pay $50B over Yukos

One of the largest arbitration cases ever, the claim was filed by a subsidiary for GML Ltd., formerly Group Menetap Ltd., a financial holding company that was once the biggest shareholder in Yukos Oil Co.

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Related Topix: World News, Russia, Asia

The Modesto Bee

China profits boost Asian stock markets

KEEPING SCORE: China's benchmark Shanghai Composite Index surged 1.7 percent to 2,161.20.

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Related Topix: Financial Markets

Sun Jul 27, 2014

Myrtle Beach Online

Zack Sucher won the Midwest Classic

Sucher, the 27-year-old former Alabama-Birmingham player, finished at 19-under 265 at the Nicklaus Golf Club at LionsGate and earned $108,000 to jump from 20th to fourth on the money list with $247,318.

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Related Topix: Golf, Zack Sucher, Golfers, Jarrod Lyle

The Modesto Bee

US meat supplier in China withdraws products

The company was thrust into the spotlight last week when a Chinese TV station reported that the Shanghai plant had repackaged old beef and chicken and slapped new expiration dates on them.

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Related Topix: Aurora, IL

Myrtle Beach Online

Cable on Ohio amusement park ride snaps, hurting 2

Cedar Point spokesman Bryan Edwards says a cable on one of the Skyhawk ride's carriages disconnected late Saturday.

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Related Topix: Recreation, Cedar Fair LP, Myrtle Beach, SC

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