WASHINGTON'S LEADING BUSINESS MAGAZINE

Daily Intel

Bailed-out Cyprus to test bond market in June
NICOSIA, Cyprus (AP) — Bailed-out Cyprus says it will issue six-year government bonds every month starting in June as a first step to returning more permanently to international markets after a three-year absence. Investor interest in European...
Apr 17, 2014 | 1:17 PM
Judge won't order recalled GM cars to be parked
DETROIT (AP) — A federal judge in Texas has denied an emergency motion that would have forced General Motors to tell owners of 2 million recalled cars to stop driving their vehicles until their ignition switches are repaired. The carmaker said...
Apr 17, 2014 | 1:17 PM
PepsiCo's profit rises on snack sales, price hikes
NEW YORK (AP) — PepsiCo reported a stronger-than-expected quarterly profit as the company sold more snacks around the world and hiked prices, including on its drinks. Both companies have been offsetting ongoing declines in their flagship soda...
Apr 17, 2014 | 1:17 PM
GE 1Q earnings fall, outlook strong
NEW YORK (AP) — General Electric's new focus on oil and gas equipment helped the company to post strong first-quarter results. GE posted lower overall first-quarter net income than a year ago, but that's only due to the sale of NBC Universal during...
Apr 17, 2014 | 1:17 PM
UnitedHealth's 1Q profit tumbles 8 percent
UnitedHealth Group's first-quarter net income slid 8 percent as funding cuts to a key product and costs imposed by the health care overhaul dented the health insurer's performance. The federal law aims to provide coverage for millions of uninsured...
Apr 17, 2014 | 1:17 PM
Union Pacific railroad's 1Q profit up 14 percent
(AP) — The harsh winter didn't keep Union Pacific railroad from delivering 14 percent higher quarterly profit as it hauled more agricultural, industrial and coal shipments. "There's still a lot of year ahead of us, but we are seeing signs of...
Apr 17, 2014 | 1:17 PM
Chipotle plans first price hike in 3 years
NEW YORK (AP) — Chipotle is feeling confident that customers are willing to pay more for its burritos, bowls and tacos. The Mexican food chain said Thursday that it would raise prices for the first time in three years as its popularity continues to...
Apr 17, 2014 | 1:17 PM
Target expands subscription service tenfold
Everything from beauty products and pet supplies to home office supplies, are now available for regular delivery. Target, based in Minneapolis, is playing catch up in the subscription business, which has exploded as companies test consumer...
Apr 17, 2014 | 1:17 PM
Cyber cops: Target hackers may take years to find
[...] the agency says it could take years to identify the criminals who stole some 40,000 debit and credit card numbers of Target shoppers and other personal information from as many as 70 million people in the pre-Christmas breach. Target, which...
Apr 17, 2014 | 1:17 PM
Wal-Mart jumps into the money transfer biz, loudly
Western Union on its website puts the price of transferring $900 in New York between $20, if using a bank account, to $85 if using a credit or debit card. Wal-Mart is creating an expanding menu of financial offerings for customers, particularly for...
Apr 17, 2014 | 1:17 PM