WASHINGTON'S LEADING BUSINESS MAGAZINE

Daily Intel

Car buyers think big in 1Q, boosting profit at GM
DETROIT (AP) — Encouraged by lower gas prices, consumers in the U.S. spent big in the first quarter on vehicles that carry lots of passengers and cargo — and deliver hefty profit margins for General Motors. The shift to pickups and SUVs helped GM...
Apr 23, 2015 | 4:23 PM
Altria beats 1Q profit expectations
NEW YORK (AP) — Marlboro maker Altria Group Inc. reported a lower first-quarter profit because of debt costs, but the adjusted results still topped Wall street expectations on a mix of rising cigarette prices and shipments. Shipments of smokeless...
Apr 23, 2015 | 4:23 PM
House passes 2nd bill to help companies fight cyberattacks
WASHINGTON (AP) — The House passed a bill Thursday encouraging private companies to share information about cyberattacks with federal authorities in an attempt to combat the growing problem. Companies have been reluctant to share internal data...
Apr 23, 2015 | 4:23 PM
Study: Self-driving 'taxibots' could replace 9 in 10 cars
BERLIN (AP) — Transportation experts say car-congested cities could become a thing of the past, provided people are prepared to ride-share with a robot driver. The authors said replacing personal cars with self-driving cabs would also free valuable...
Apr 23, 2015 | 4:23 PM
GM CEO dismisses talk of merger with Fiat Chrysler
Barra tells analysts on a conference call that the company is focused on making its business more efficient and taking full advantage of its global size. Fiat Chrysler CEO Sergio Marchionne recently floated the idea of merging with GM or another...
Apr 23, 2015 | 4:23 PM
US stocks are little changed following mixed earnings news
NEW YORK (AP) — U.S. stocks are little changed in midday trading as companies report mixed earnings. AT&T gained 3 percent Thursday after the company said it expects bigger savings from its proposed purchase of satellite TV company DirecTV.
Apr 23, 2015 | 4:23 PM
AbbVie raises outlook as Humira again delivers earnings beat
WASHINGTON (AP) — Drugmaker AbbVie is raising its full-year earnings guidance after reporting better-than-expected first quarter adjusted results on continued growth of its blockbuster anti-inflammatory drug Humira. [...] U.S. sales of the company'...
Apr 23, 2015 | 3:23 PM
Average US rate on 30-year mortgage slips to 3.65 percent
WASHINGTON (AP) — Average long-term U.S. mortgage rates are down slightly this week and remain near historic lows. Mortgage giant Freddie Mac says the national average for a 30-year fixed -rate mortgage slipped to 3.65 percent from 3.67 percent...
Apr 23, 2015 | 3:23 PM
Nightclub lets San Francisco symphony tune in to young fans
SAN FRANCISCO (AP) — A Vegas-style nightclub with high-tech light and sound, video screens and several stages has become San Francisco's hottest venue for classical music. On a recent evening, the nightclub, with high ceilings, bare walls and worn...
Apr 23, 2015 | 3:23 PM
Hershey says growth in China weaker than expected
The maker of Reese's peanut butter cups, Twizzlers licorice and other candies and chocolates said sales in China during the country's New Year holiday were weaker than it expected. The Hershey, Pennsylvania-based company also posted disappointing...
Apr 23, 2015 | 3:23 PM