WASHINGTON'S LEADING BUSINESS MAGAZINE

Daily Intel

Russians deliver space station cargo after US flop
Just hours after an American cargo run to the International Space Station ended in flames, a Russian supply ship has arrived at the station with a load of fresh supplies.
Oct 29, 2014 | 12:29 PM
Statoil profits hit by lower oil, gas prices
Statoil profits hit by lower oil, gas prices HELSINKI (AP) — Norwegian energy company Statoil says impairment charges and lower oil and gas prices pushed it into net loss of 4.8 billion kroner ($727 million) in the third quarter.
Oct 29, 2014 | 12:29 PM
LG Electronics profit surges on smartphone sales
The company said it will continue its "two track" strategy, trying to lure consumers in advanced countries with the high-end G series and expand L series models for consumers in emerging markets. Samsung Electronics, which is scheduled to report...
Oct 29, 2014 | 11:29 AM
Deutsche Bank loses $116M in Q3, replaces CFO
The net loss for the quarter ending Sept. 30 compares to a profit of 51 million euros in the same period a year ago, and to a profit of 238 million in the second quarter. Deutsche Bank has faced costs from investigations into allegations of past...
Oct 29, 2014 | 11:29 AM
FBI says it faked AP story to catch bomb suspect
SEATTLE (AP) — The FBI confirmed Tuesday it faked an Associated Press story to catch a bomb threat suspect in 2007, but now says it did not spoof a Seattle Times Web page as part of the investigation. After police interviews of potential suspects...
Oct 29, 2014 | 10:29 AM
Judge orders mediation in guardrail lawsuit
DALLAS (AP) — A federal judge has ordered mediation between a Texas company and a whistleblower who won a $175 million verdict over a design change in the company's highway guardrails. On Tuesday, U.S. District Court Judge Rodney Gilstrap ordered...
Oct 29, 2014 | 10:29 AM
Wynn reports 3Q drop in Macau, rise in Las Vegas
Wynn reported Tuesday that the company's revenue dropped 1.4 percent to $1.37 billion in the quarter as gains in Vegas were offset by a decline in Macau, its biggest market. The company's net income rose about 5 percent on lower expenses to $191.4...
Oct 29, 2014 | 10:29 AM
Asian stocks rise with Wall Street, eyes on Fed
TOKYO (AP) — Asian stocks swung upward early Wednesday, cheered by a surge in U.S. stocks buoyed by solid earnings, but investors were also waiting for signs from the Federal Reserve on U.S. monetary policy. Japanese telecom Softbank Corp., which...
Oct 29, 2014 | 10:29 AM
Economy 101: 5 things to know about US growth
Thanks to robust job gains, most analysts think the economy is finally emerging from five-plus years of stop-and-start expansion. Economists made similar predictions for 2014, only to see a brutal winter and a plunge in exports cause the economy to...
Oct 29, 2014 | 10:29 AM
Facebook's advertising revenue soars in 3Q
NEW YORK (AP) — Facebook grew its advertising revenue by 64 percent in the third quarter, helped by a boost in mobile ads that are becoming an increasingly large chunk of the social networking giant's overall advertising business. Daniel Morgan, a...
Oct 29, 2014 | 10:29 AM