April 19, 2018 - 1:12 pm
NEW YORK (AP) — For what is believed to be the first time, the number of journalists working in local television newsrooms exceeds that of people in newspaper offices. The Radio Television Digital News Association estimates the local TV news employment at 27,100 journalists this year, down 500 from...
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FILE - This July 9, 2015, file photo, shows signage outside Procter & Gamble corporate headquarters in downtown Cincinnati. Procter & Gamble reports earnings Thursday, April 19, 2018. (AP Photo/John Minchillo, File)
April 19, 2018 - 9:34 am
NEW YORK (AP) — Procter & Gamble Co. reported flat fiscal third-quarter profit as it faces increased competition for consumer products such as shaving cream and household goods. The Cincinnati company also said it is paying $4.2 billion for Merck KGaA's consumer health unit, adding products and...
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April 19, 2018 - 3:56 am
THE HAGUE, Netherlands (AP) — Unilever, the consumer goods multinational whose brands include Dove, Knorr and Ben & Jerry's, says it is planning a share buyback worth up to 6 billion euros ($7.4 billion) later this year. Unilever said Thursday that sales in the first quarter were hit by...
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April 19, 2018 - 3:31 am
GENEVA (AP) — Swiss pharmaceuticals company Novartis says net income jumped 12 percent in the first quarter, pointing to explosive growth in its heart-failure drug Entresto as its rollout continues, and powerful double-digit percentage growth for psoriasis drug Cosentyx. The Basel-based powerhouse...
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FILE- This Jan. 31, 2018, file photo shows The Bon-Ton Store at the Millcreek Mall, near Erie, Pa. Two liquidation firms are the victors of an auction for The Bon-Ton Stores company's assets, after the retailer failed to find a bidder willing to continue operating the business. A bankruptcy court hearing is scheduled for Wednesday, April 18, to approve the sale and liquidation details. (Jack Hanrahan/Erie Times-News via AP, File)
April 18, 2018 - 5:38 pm
MILWAUKEE (AP) — The Bon-Ton Stores, which operates 260 department stores in the U.S., is expected to go out of business after two liquidation firms became the highest bidders at an auction for the bankrupt company's assets Tuesday. A bankruptcy court hearing was scheduled Wednesday to approve the...
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FILE - This Oct. 4, 2016, file photo shows a mockup of an American Express Platinum Card provided by the company in New York. American Express reports earnings Wednesday, April 18, 2018. (AP Photo/Patrick Sison, File)
April 18, 2018 - 4:40 pm
NEW YORK (AP) — Credit card giant American Express is reporting the second-highest quarterly profit in its history, driven by strong customer spending on its namesake credit cards and a much lower tax bill. New York-based American Express earned a profit of $1.63 billion, or $1.86 a share, compared...
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April 18, 2018 - 9:16 am
MILAN (AP) — Eni CEO Claudio Descalzi says that the oil giant will invest 7 billion euros ($8.6 billion) in activities in its home country of Italy over the next four years. Descalzi told investors Wednesday that the investments will include 1 billion euros into efforts to reduce its carbon...
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FILE - In this Tuesday, Oct. 18, 2011, file photo, the Morgan Stanley logo is displayed on its Times Square building, in New York. Morgan Stanley reports earnings Wednesday, April 18, 2018. (AP Photo/Mark Lennihan, File)
April 18, 2018 - 8:38 am
NEW YORK (AP) — Morgan Stanley's first-quarter profits hit a record high, helped by a lower tax bill and a boost in revenue from last quarter's volatile markets. The New York investment bank reported a profit Wednesday of $2.67 billion, or $1.45 per share, compared with a profit of $1.93 billion,...
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FILE- In this Feb. 12, 2018, file photo a CSX freight train passes through Homestead, Pa. CSX Corp. reports earnings Tuesday, April 17, 2018. (AP Photo/Gene J. Puskar, File)
April 17, 2018 - 6:34 pm
OMAHA, Neb. (AP) — CSX's first-quarter profit nearly doubled thanks to further cost cuts at the railroad and a restructuring that weighed on its earnings a year ago. The Jacksonville, Florida-based company on Tuesday posted net income of $695 million, or 78 cents per share. That's up from last year...
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FILE - This Sept. 13, 2016, file photo, shows a selection of Johnson & Johnson brand first aid products arranged for a photo, in Surfside, Fla. Johnson & Johnson reports earnings Tuesday, April 17, 2018. (AP Photo/Wilfredo Lee, File)
April 17, 2018 - 11:01 am
Much-higher spending and one-time charges offset a12.6 percent jump in health care giant Johnson & Johnson's first-quarter revenue, trimming its profit by 1.2 percent, but the results still beat Wall Street expectations. The maker of baby products, medical devices and blockbuster immune...
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