WASHINGTON'S LEADING BUSINESS MAGAZINE

Daily Intel

US stock market opens lower after disappointing earnings
NEW YORK (AP) — The U.S. stock market is opening sharply lower following disappointing corporate earnings and weak economic news. Orders for long-lasting manufactured goods dropped sharply in December, the government reported early Tuesday.
Jan 27, 2015 | 2:27 PM
3M tops net income rises 7 percent as sales jump broadly
(AP) — 3M's profit rose 7 percent in the fourth quarter and sales increased at all its business units, though revenue fell short of Wall Street expectations. The company also reaffirmed its earnings outlook for the year, but shares edged lower in...
Jan 27, 2015 | 2:27 PM
What the credit downgrade to 'junk' means for Russia
Russia has seen its credit grade cut to "junk" status for the first time in over a decade, a big blow for a country that wants to be a world economic power.
Jan 27, 2015 | 1:27 PM
Kent casino to close, lay off 93 employees
Great American Casino in Kent will cease operations March 14, though the company’s three other local casinos will remain open.
Jan 27, 2015 | 1:27 PM
P&G fiscal 2Q earnings drop 31 pct, hurt by exchange rates
Procter & Gamble's second-quarter earnings sank 31 percent as the strong U.S. dollar cut into the performance of the world's largest consumer products maker. Overall, it expects foreign exchange to chop its core, fiscal 2015 earnings by 12...
Jan 27, 2015 | 1:27 PM
Dutch judge approves hacking suspect's extradition to US
Heartland Payment Systems Inc., which processes credit and debit cards for small to mid-sized businesses, was identified as taking the biggest hit in a scheme starting in 2007 — the theft of more than 130 million card numbers at a loss of about $200...
Jan 27, 2015 | 1:27 PM
Dubai now world's busiest international airport
The city with the world's tallest building can now boast that it's home to the world's busiest airport for international passengers too.
Jan 27, 2015 | 12:27 PM
Caterpillar 4Q results mixed, 2015 outlook disappoints
(AP) — Caterpillar took a hit in the fourth quarter from restructuring costs and the heavy machinery maker issued a weak outlook for 2015, citing the tumbling price of commodities. The company is cutting costs as it tries to offset problems that...
Jan 27, 2015 | 12:27 PM
Orders for US durable goods fall 3.4 percent in December with big drop in airlines
WASHINGTON (AP) — Orders for US durable goods fall 3.4 percent in December with big drop in airlines.
Jan 27, 2015 | 12:27 PM
Chinese door opens wide to U.S. apples
A deal was reached last week between officials for the United States and Chinese governments to grant access to all U.S. apple varieties, instead of just Red Delicious and Golden Delicious.
Jan 27, 2015 | 11:27 AM