WASHINGTON'S LEADING BUSINESS MAGAZINE

Daily Intel

CVS earnings rise despite no tobacco fix
Pricey specialty drugs helped CVS Health cope with tobacco withdrawal and top analyst expectations in the second quarter. But the nation's second-largest drugstore chain also narrowed its full-year earnings outlook and issued a third-quarter...
Aug 4, 2015 | 5:04 PM
US stocks move lower as earnings disappoint; Allstate slumps
NEW YORK (AP) — U.S. stocks fell for a third straight day Tuesday as investors assessed some disappointing earnings reports. Allstate slumped to its biggest loss in more than five years after reporting a drop in profits that was worse than Wall...
Aug 4, 2015 | 5:04 PM
Apple slump deepens on iPhone, China concerns
SAN FRANCISCO (AP) — Apple is slumping as the usually high-flying tech stock struggles with the burden of raised expectations. The world's most valuable public company saw its stock price drop for a fifth straight day on Tuesday, falling as much as...
Aug 4, 2015 | 5:04 PM
Maker of hacked radio says system is unique to Fiat Chrysler
DETROIT (AP) — The company that makes car radios that friendly hackers exploited to take control of a Jeep Cherokee says its other infotainment systems don't have the same security flaw. Harman International CEO Dinesh Paliwal said Tuesday that the...
Aug 4, 2015 | 5:04 PM
How much more does the CEO make? You may find out
WASHINGTON (AP) — CEOs make a lot more than the average working Joe or Jane. And in the near future, Americans will find out how big the disparity actually is within publicly traded companies. Federal regulators, under mandate from a 2010 law that...
Aug 4, 2015 | 5:04 PM
'Avengers' helps Disney top 3Q earnings expectations
LOS ANGELES (AP) — Disney's movie studio boosted company earnings once again, with the debut of "Avengers: Age of Ultron" proving the continued strength of the Marvel superhero brand. Net income grew 11 percent in the April-June quarter to $2.48...
Aug 4, 2015 | 5:04 PM
How the Dow Jones industrial average fared on Tuesday
U.S. stocks dropped for a third straight day Tuesday as investors assessed some disappointing earnings reports. For the day: The Dow Jones industrial average fell 47.51 points, or 0.3 percent, to 17,550.69. The Standard & Poor's 500 index lost 4...
Aug 4, 2015 | 5:04 PM
Luxury retailer Neiman Marcus files for IPO valued at $100M
NEW YORK (AP) — Luxury retailer Neiman Marcus has filed for an initial public offering for the second time in a little more than two years. For the purpose of calculating a filing fee, Neiman Marcus said it expects to raise $100 million from the...
Aug 4, 2015 | 5:04 PM
Travelers CEO to step down in December, cites health issues
HARTFORD, Conn. (AP) — The Travelers Cos. Inc. says that Chairman and CEO Jay S. Fishman will step down as CEO on Dec. 1 due to health problems. The company said Alan D. Schnitzer, head of the insurance company's business and international insurance...
Aug 4, 2015 | 5:04 PM
IMF signals delay on adding China to currency basket
WASHINGTON (AP) — The staff of the International Monetary Fund is recommending that China wait until at least October 2016 to join an exclusive club of the world's top currencies. China wants its currency, the yuan, included in a basket of...
Aug 4, 2015 | 5:04 PM

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