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Ford 1st-quarter sales peel rubber

Net income revs to $2.5B

Subscriber onlyDEARBORN, Mich. -- Ford Motor Co.'s net income more than doubled to $2.5 billion in the first quarter on strong sales of trucks and SUVs worldwide. Continue reading...

Comcast unit buys DreamWorks

$3.8B purchase to add dimension at NBCUniversal

Subscriber onlyLOS ANGELES -- Hollywood's smallest publicly traded entertainment company, DreamWorks Animation, threw in the towel Thursday after a turbulent 12 years, agreeing to sell itself to Comcast's sprawling NBCUniversal in a deal valued at $3.8 billion. Continue reading...

UPS profit tops forecast, rises 10% to $1.13B in 1Q

Subscriber onlyDALLAS -- United Parcel Service Inc. said Thursday that first-quarter profit rose 10 percent to $1.13 billion, helped by an increase in both ground shipments and next-day air deliveries in the United States. Continue reading...

Valeant execs get earful in Senate

Hedge fund investor admits some Rx increases ‘mistakes’

Subscriber onlyLawmakers accused drugmaker Valeant Pharmaceuticals of gouging patients to reward Wall Street investors at a hearing Wednesday focused on the drugmaker's pricing tactics. Continue reading...

Fed opts to leave key rate the same

No signal given on next increase

Subscriber onlyThe Federal Reserve left its benchmark interest rate unchanged Wednesday, even as it said that labor market conditions were improving and inflation had picked up while domestic economic growth had slowed. Continue reading...

Comcast's 1Q beats estimates as 53,000 more take cable TV

Subscriber onlyComcast Corp., the largest U.S. cable provider, said Wednesday that it had its biggest first-quarter increase in video subscribers in nine years, continuing to defy the trend of cord-cutting by drawing users from rivals such as AT&T. Continue reading...

Two oil firms' profits a surprise

BP, Statoil top forecasts, pique interest in Exxon, others

Subscriber onlyOil company earnings season started with such a surprise that some analysts already say their estimates for the other companies may be too low. Continue reading...

DreamWorks shares climb on news it's hunting buyer

Subscriber onlyShares of DreamWorks Animation SKG Inc. jumped Wednesday on reports that the maker of the Shrek and Kung Fu Panda movies is seeking a buyer. Continue reading...

Facebook 1Q earnings beat forecasts

Subscriber only Facebook Inc. on Wednesday reported first-quarter earnings and sales that beat Wall Street's expectations. Continue reading...

As Fed holds, stocks sag, then rise

Subscriber onlyU.S. stocks rose Wednesday after the Federal Reserve left its key interest rate unchanged, as investors expected. Energy companies climbed again as the price of oil neared a six-month high. Technology stocks were battered by weak results from Apple and Twitter. Continue reading...

Earnings report

Subscriber onlyCompanies reporting quarterly earnings Wednesday included: Boeing Co., the aircraft manufacturer, a profit of $1.2 billion, or $1.83 a share, down from $1.34 billion, or $1.87 a share a year ago. Revenue rose 2 percent to $22.6 billion. Shares rose $3.84 to close Wednesday at $137.08. Continue reading...

Business news in brief

Subscriber onlyMexico's jobless rate hits 8-year low Mexico's unemployment rate fell in March to the lowest in almost eight years, the latest sign of stronger growth in Latin America's second-largest economy. Continue reading...

Insurer upbeat on exchange growth

Subscriber onlyHealth insurer Anthem aims to pull a small profit this year from the Affordable Care Act's public insurance exchanges, and its CEO said Wednesday that he's "really glad" to be serving nearly 1 million people in this still-developing market. Continue reading...

No Fed rate hike expected Wednesday

WASHINGTON — On this, pretty much every economist agrees: The Federal Reserve will keep interest rates unchanged when it ends its latest policy meeting Wednesday. What's unclear is whether it will hint about the likelihood of a rate hike at its next meeting in June. Continue reading...

Military lifts durable-goods orders

Investment-plan gauge flat; home-price gains under forecast

Subscriber onlyOrders to U.S. factories for long-lasting manufactured goods rose in March, but a key category that tracks business investment plans was weak for a second month. Continue reading...

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