BILLION - The Salt Lake Tribune http://www.sltrib.com/feeds/topics/BILLION News from The Salt Lake Tribune en-us webmaster@sltrib.com (Webmaster) Dow Chemical’s quarterly profits top expectations http://www.sltrib.com/sltrib/money/58216770-79/dow-chemical-billion-company.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/money/58216770-79/dow-chemical-billion-company.html.csp">Dow Chemical’s quarterly profits top expectations</a></h4> <span class="author vcard"><span class="fn">By Jack Kaskey</span></span> <span class="source-org vcard"><span class="org fn"> Bloomberg News</span></span> <h5><span class="updated" title="2014-07-23T15:54:01.667-06:00">Updated Jul 23, 2014 03:54PM MDT</span></h5> <div class ="entry-content">Houston • Dow Chemical Co., the largest U.S. chemical maker, posted second-quarter earnings that exceeded analysts’ estimates as the company expanded margins by raising product prices and cutting expenses. Profit excluding some items was 74 cents a share, the Midland, Mich.-based company said Wednesday, exceeding the 71-cent average estimate of 17 analysts compiled by Bloomberg. Second-quarter net income fell to $882 million, or 73 cents a share, compared with $2.34 billion, or $1.87, a year ear...</div> <h5><a rel="item-license" href="http://www.sltrib.com/pages/privacy"> Copyright 2013 The Salt Lake Tribune. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.</a></h5> </div> 58216770@www.sltrib.com Wed, 23 Jul 2014 15:54:01 MDT Facebook’s quarterly earnings and revenue soar http://www.sltrib.com/sltrib/money/58216769-79/facebook-percent-revenue-mobile.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/money/58216769-79/facebook-percent-revenue-mobile.html.csp">Facebook’s quarterly earnings and revenue soar</a></h4> <span class="author source-org vcard"><span class="org fn">By The Associated Press </span></span> <h5><span class="updated" title="2014-07-23T16:28:14.124-06:00">Updated Jul 23, 2014 04:28PM MDT</span></h5> <div class ="entry-content">Menlo Park, Calif. • Facebook is on a roll. The world’s largest online social network posted sharply higher earnings on Wednesday as revenue from mobile advertising continued to grow, and more people used it, more often. The company’s shares climbed nearly 4 percent in extended trading after the results came out, signaling that they could hit a record high when the stock market opens on Thursday. Investors who bought — and held on to — Facebook stock during the company’s initial public offering ...</div> <h5><a rel="item-license" href="#license-582167692014-07-23T16:28:14.124-06:00" id="#license-2014-07-23T16:28:14.124-06:00"> Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.</a></h5> </div> 58216769@www.sltrib.com Wed, 23 Jul 2014 16:28:14 MDT Cheaper wireless plans cut into AT&T’s profits http://www.sltrib.com/sltrib/money/58216570-79/billion-plans-cents-cheaper.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/money/58216570-79/billion-plans-cents-cheaper.html.csp">Cheaper wireless plans cut into AT&T’s profits</a></h4> <span class="author vcard"><span class="fn">By PETER SVENSSON</span></span> <span class="source-org vcard"><span class="org fn"> The Associated Press</span></span> <h5><span class="updated" title="2014-07-23T15:00:03.364-06:00">Updated Jul 23, 2014 03:00PM MDT</span></h5> <div class ="entry-content">NEW YORK • AT&T posted lower net income for the latest quarter due to cheaper cellphone plans it introduced as a response to aggressive pricing from smaller competitor T-Mobile US. The Dallas company says it earned $3.55 billion, or 68 cents per share. That was down from $3.82 billion, or 71 cents per share, in the same quarter last year. Excluding some one-time items, AT&T’s earnings were 62 cents per share in the latest quarter, a penny shy of the average estimate of analyst polled by FactSet....</div> <h5><a rel="item-license" href="#license-582165702014-07-23T15:00:03.364-06:00" id="#license-2014-07-23T15:00:03.364-06:00"> Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.</a></h5> </div> 58216570@www.sltrib.com Wed, 23 Jul 2014 15:00:03 MDT Delta Air Line’s quarterly profit rises 17 percent http://www.sltrib.com/sltrib/money/58215117-79/percent-delta-quarter-per.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/money/58215117-79/percent-delta-quarter-per.html.csp">Delta Air Line’s quarterly profit rises 17 percent</a></h4> <span class="author source-org vcard"><span class="org fn">The Associated Press</span></span> <h5><span class="updated" title="2014-07-23T12:14:03.133-06:00">Updated Jul 23, 2014 12:14PM MDT</span></h5> <div class ="entry-content">Atlanta • Delta Air Lines Inc. said Wednesday that second-quarter earnings rose 17 percent, topping analysts’ expectations, as passengers flew more miles at higher average fares and fuel spending declined. The results from Delta, which has a major hub at Salt Lake City International Airport and is the world’s third-biggest airline, produced a strong opening to the industry’s results for the busy April-to-June quarter. American and United are scheduled to report second-quarter figures on Thursday...</div> <h5><a rel="item-license" href="#license-582151172014-07-23T12:14:03.133-06:00" id="#license-2014-07-23T12:14:03.133-06:00"> Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.</a></h5> </div> 58215117@www.sltrib.com Wed, 23 Jul 2014 12:14:03 MDT Tough test facing Jeopardy! champion Watson http://www.sltrib.com/sltrib/money/58215185-79/watson-ibm-usaa-test.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/money/58215185-79/watson-ibm-usaa-test.html.csp">Tough test facing Jeopardy! champion Watson</a></h4> <span class="author vcard"><span class="fn">By Alex Barinka</span></span> <span class="source-org vcard"><span class="org fn"> Bloomberg News</span></span> <h5><span class="updated" title="2014-07-23T09:38:02.015-06:00">Updated Jul 23, 2014 09:38AM MDT</span></h5> <div class ="entry-content">New York • International Business Machines is putting its Watson natural-language technology to the test with consumers on a wide scale for the first time. On the website of financial-services firm USAA, military customers will be able to use IBM’s tool to ask questions and seek advice on transitioning back to civilian life. Famous for being a “Jeopardy!” game-show champion, Watson analyzes information and can answer questions in conversational English. The USAA deal gives IBM its biggest test y...</div> <h5><a rel="item-license" href="http://www.sltrib.com/pages/privacy"> Copyright 2013 The Salt Lake Tribune. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.</a></h5> </div> 58215185@www.sltrib.com Wed, 23 Jul 2014 09:38:02 MDT Deep cost cutting boosts expectations at PepsiCo http://www.sltrib.com/sltrib/money/58215101-79/percent-pepsico-billion-company.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/money/58215101-79/percent-pepsico-billion-company.html.csp">Deep cost cutting boosts expectations at PepsiCo</a></h4> <span class="author vcard"><span class="fn">The Associated Press</span></span> <h5><span class="updated" title="2014-07-23T09:15:01.88-06:00">Updated Jul 23, 2014 09:15AM MDT</span></h5> <div class ="entry-content">Purchase, N.Y. • PepsiCo Inc. raised its forecast slightly for the year on Wednesday as it continued to slash costs while selling more of its snacks and drinks. The company, which owns Frito-Lay, Gatorade and Quaker, said global volume for its snacks and drinks each rose 1 percent in the second quarter. While the gains were relatively modest, PepsiCo has been boosting its financial results with a cost-cutting plan expected to generate $1 billion in savings this year. In its Frito-Lay North Ameri...</div> <h5><a rel="item-license" href="#license-582151012014-07-23T09:15:01.88-06:00" id="#license-2014-07-23T09:15:01.88-06:00"> Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.</a></h5> </div> 58215101@www.sltrib.com Wed, 23 Jul 2014 09:15:01 MDT British drug maker cuts earnings expectations http://www.sltrib.com/sltrib/money/58215086-79/earnings-billion-pounds-quarter.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/money/58215086-79/earnings-billion-pounds-quarter.html.csp">British drug maker cuts earnings expectations</a></h4> <span class="author source-org vcard"><span class="org fn">The Associated Press</span></span> <h5><span class="updated" title="2014-07-23T09:10:01.939-06:00">Updated Jul 23, 2014 09:10AM MDT</span></h5> <div class ="entry-content">London • Drug maker GlaxoSmithKline has cut its full-year earnings expectations as it says its second-quarter profits were hit by currency moves and a fall in sales of its respiratory drugs. The company said Wednesday it expects 2014 earnings per share to be broadly similar to last year. It had previously forecast growth of between 4 and 8 percent. GSK said second-quarter revenue fell 16 percent to 5.6 billion pounds ($9.5 billion) from 6.6 billion pounds in the same quarter in the previous year...</div> <h5><a rel="item-license" href="#license-582150862014-07-23T09:10:01.939-06:00" id="#license-2014-07-23T09:10:01.939-06:00"> Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.</a></h5> </div> 58215086@www.sltrib.com Wed, 23 Jul 2014 09:10:01 MDT Commercial jets push Boeing profits up 52 percent http://www.sltrib.com/sltrib/money/58214981-79/billion-percent-boeing-jets.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/money/58214981-79/billion-percent-boeing-jets.html.csp">Commercial jets push Boeing profits up 52 percent</a></h4> <span class="author source-org vcard"><span class="org fn">By The Associated Press </span></span> <h5><span class="updated" title="2014-07-23T08:40:01.689-06:00">Updated Jul 23, 2014 08:40AM MDT</span></h5> <div class ="entry-content">Increased production of passenger jets helped push up Boeing’s profit by 52 percent in the second quarter, topping Wall Street’s expectations. The Chicago-based company said net income increased to $1.65 billion, or $2.24 per share, from $1.09 billion, or $1.41 per share, in the same quarter a year ago. Earnings, adjusted for non-recurring costs, came to $2.42 per share. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of $2.02 per share. Boeing Co. (BA) sa...</div> <h5><a rel="item-license" href="#license-582149812014-07-23T08:40:01.689-06:00" id="#license-2014-07-23T08:40:01.689-06:00"> Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.</a></h5> </div> 58214981@www.sltrib.com Wed, 23 Jul 2014 08:40:01 MDT Microsoft CEO sees ‘bold’ plan as vision of future http://www.sltrib.com/sltrib/money/58212413-79/company-billion-microsoft-cents.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/money/58212413-79/company-billion-microsoft-cents.html.csp">Microsoft CEO sees ‘bold’ plan as vision of future</a></h4> <span class="author source-org vcard"><span class="org fn">The Associated Press</span></span> <h5><span class="updated" title="2014-07-22T18:13:01.862-06:00">Updated Jul 22, 2014 06:13PM MDT</span></h5> <div class ="entry-content">Redmond, Wash. • Microsoft Corp. CEO Satya Nadella painted an upbeat vision of the future Tuesday, saying the next version of Windows will be unified across screens of all sizes and that two money-losing units — Nokia phones and Bing search — would become profitable in 2016. The agenda, announced Tuesday as Microsoft reported fourth-quarter earnings that beat Wall Street expectations, helped boost the company’s shares, which added 52 cents, or 1.2 percent, to $45.35 in after-hours trading. Five ...</div> <h5><a rel="item-license" href="#license-582124132014-07-22T18:13:01.862-06:00" id="#license-2014-07-22T18:13:01.862-06:00"> Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.</a></h5> </div> 58212413@www.sltrib.com Tue, 22 Jul 2014 18:13:01 MDT United Technologies boosts profit forecast for 2014 http://www.sltrib.com/sltrib/money/58212359-79/otis-profit-technologies-united.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/money/58212359-79/otis-profit-technologies-united.html.csp">United Technologies boosts profit forecast for 2014</a></h4> <span class="author vcard"><span class="fn">By Richard Clough</span></span> <span class="source-org vcard"><span class="org fn"> Bloomberg News</span></span> <h5><span class="updated" title="2014-07-22T17:56:02.407-06:00">Updated Jul 22, 2014 05:56PM MDT</span></h5> <div class ="entry-content">New York • United Technologies raised the low end of its 2014 forecast as the maker of Pratt & Whitney jet engines and Otis elevators beat analysts’ second-quarter profit estimates. Annual earnings will be in a range of $6.75 to $6.85 a share, compared with a previous projection of $6.65 to $6.85, the Hartford, Conn.-based company said Tuesday. Quarterly profit of $1.84 a share from continuing operations exceeded the $1.70 average of 11 estimates compiled by Bloomberg. Chief Executive Louis Chen...</div> <h5><a rel="item-license" href="http://www.sltrib.com/pages/privacy"> Copyright 2013 The Salt Lake Tribune. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.</a></h5> </div> 58212359@www.sltrib.com Tue, 22 Jul 2014 17:56:02 MDT Judge orders continuous Argentina debt talks http://www.sltrib.com/sltrib/money/58211061-79/argentina-judge-bondholders-debt.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/money/58211061-79/argentina-judge-bondholders-debt.html.csp">Judge orders continuous Argentina debt talks</a></h4> <span class="author source-org vcard"><span class="org fn">The Associated Press</span></span> <h5><span class="updated" title="2014-07-22T11:31:01.959-06:00">Updated Jul 22, 2014 11:31AM MDT</span></h5> <div class ="entry-content">New York • A federal judge in New York has ordered around-the-clock negotiations aimed at averting a second debt default by Argentina in 13 years. Judge Thomas Griesa issued the order Tuesday. The proceeding added to the drama surrounding a July 30 deadline for Argentina to pay some $1.5 billion owed U.S. bondholders. The bondholders are U.S. hedge funds that rejected Argentina’s restructuring offer following its record $100 billion default in 2001. Griesa has blocked U.S. banks from letting Arg...</div> <h5><a rel="item-license" href="#license-582110612014-07-22T11:31:01.959-06:00" id="#license-2014-07-22T11:31:01.959-06:00"> Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.</a></h5> </div> 58211061@www.sltrib.com Tue, 22 Jul 2014 11:31:01 MDT Bloomberg View: World Bank reform proposals worthy but don’t go far enough http://www.sltrib.com/sltrib/opinion/58210794-82/bank-kim-billion-private.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/opinion/58210794-82/bank-kim-billion-private.html.csp">Bloomberg View: World Bank reform proposals worthy but don’t go far enough</a></h4> <span class="author source-org vcard"><span class="org fn">Bloomberg View</span></span> <h5><span class="updated" title="2014-07-22T15:44:38.42-06:00">Updated Jul 22, 2014 03:44PM MDT</span></h5> <div class ="entry-content">There will always be a need for a World Bank, which celebrated a birthday of sorts Tuesday. There is no need for a World Bank with more than 10,000 employees. President Jim Yong Kim is trying to reform the bank, one of the global financial institutions that emerged from the historic Bretton Woods agreement signed on July 22, 1944. He is getting strong resistance from a rank and file protective of its parking subsidies, business-class travel and generous meal allowances. The greater danger for Ki...</div> <h5><a rel="item-license" href="http://www.sltrib.com/pages/privacy"> Copyright 2013 The Salt Lake Tribune. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.</a></h5> </div> 58210794@www.sltrib.com Tue, 22 Jul 2014 15:44:38 MDT CIT Group buying OneWest Bank in $3.4B deal http://www.sltrib.com/sltrib/money/58210679-79/cit-group-million-bank.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/money/58210679-79/cit-group-million-bank.html.csp">CIT Group buying OneWest Bank in $3.4B deal</a></h4> <span class="author source-org vcard"><span class="org fn">The Associated Press</span></span> <h5><span class="updated" title="2014-07-22T09:49:01.586-06:00">Updated Jul 22, 2014 09:49AM MDT</span></h5> <div class ="entry-content">New York • CIT Group will buy privately owned OneWest Bank in a $3.4 billion cash-and-stock deal. OneWest, a regional bank whose parent company is IMB Holdco LLC, runs 73 retail branches in southern California. IMB shareholders will receive $2 billion in cash and 31.3 million CIT Group shares currently valued at $1.4 billion. OneWest will merge with CIT Group’s banking subsidiary CIT Bank, and all locations will operate under the CIT Bank sign. The deal is expected to add 20 percent to CIT Group...</div> <h5><a rel="item-license" href="#license-582106792014-07-22T09:49:01.586-06:00" id="#license-2014-07-22T09:49:01.586-06:00"> Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.</a></h5> </div> 58210679@www.sltrib.com Tue, 22 Jul 2014 09:49:01 MDT Credit Suisse posts steep loss after U.S. tax case http://www.sltrib.com/sltrib/money/58210644-79/bank-billion-tax-credit.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/money/58210644-79/bank-billion-tax-credit.html.csp">Credit Suisse posts steep loss after U.S. tax case</a></h4> <span class="author source-org vcard"><span class="org fn">The Associated Press</span></span> <h5><span class="updated" title="2014-07-22T09:35:01.994-06:00">Updated Jul 22, 2014 09:35AM MDT</span></h5> <div class ="entry-content">Geneva • Credit Suisse, Switzerland’s second-biggest bank, posted a second-quarter net loss of $779 million Tuesday after paying the largest penalty ever imposed in a U.S. criminal tax case. The steep loss contrasted sharply with the profit of $1.16 billion it posted in the April-June period a year ago. It resulted in what the bank called a final settlement of the U.S. government’s case against the bank for helping wealthy Americans avoid paying taxes through secret offshore accounts. The Zurich...</div> <h5><a rel="item-license" href="#license-582106442014-07-22T09:35:01.994-06:00" id="#license-2014-07-22T09:35:01.994-06:00"> Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.</a></h5> </div> 58210644@www.sltrib.com Tue, 22 Jul 2014 09:35:01 MDT DuPont’s second-quarter profit climbs 3.9 percent http://www.sltrib.com/sltrib/money/58210635-79/percent-quarter-billion-dupont.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/money/58210635-79/percent-quarter-billion-dupont.html.csp">DuPont’s second-quarter profit climbs 3.9 percent</a></h4> <span class="author source-org vcard"><span class="org fn">The Associated Press</span></span> <h5><span class="updated" title="2014-07-22T09:30:01.818-06:00">Updated Jul 22, 2014 09:30AM MDT</span></h5> <div class ="entry-content">Wilmington, Del. • DuPont Co. reported net income Tuesday that climbed by 3.9 percent in its second quarter, matching analyst expectations. Shares of the Wilmington, Del. company jumped before markets opened and after it released results. DuPont said profit increased to $1.07 billion, or $1.15 per share, from $1.03 billion, or $1.11 per share, in the same quarter a year earlier. Earnings, adjusted for non-recurring costs, were $1.17 per share. The average per-share estimate of analysts surveyed ...</div> <h5><a rel="item-license" href="#license-582106352014-07-22T09:30:01.818-06:00" id="#license-2014-07-22T09:30:01.818-06:00"> Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.</a></h5> </div> 58210635@www.sltrib.com Tue, 22 Jul 2014 09:30:01 MDT Coke’s sales miss estimates as Diet Coke flags http://www.sltrib.com/sltrib/money/58210624-79/coke-coca-cola-diet.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/money/58210624-79/coke-coca-cola-diet.html.csp">Coke’s sales miss estimates as Diet Coke flags</a></h4> <span class="author source-org vcard"><span class="org fn">The Associated Press</span></span> <h5><span class="updated" title="2014-07-22T12:33:10.127-06:00">Updated Jul 22, 2014 12:33PM MDT</span></h5> <div class ="entry-content">Atlanta • Coca-Cola Co. reported sales that fell short of Wall Street estimates on Tuesday as demand weakened for Diet Coke in North America. Globally, the world’s biggest beverage maker, said sales volume rose 3 percent in the second quarter — including a 2 percent increase in sodas — boosted by gains in places including China, India and the Middle East. In its flagship North American market, however, sales volume was flat despite a significant increase in marketing around the World Cup. Sodas ...</div> <h5><a rel="item-license" href="#license-582106242014-07-22T12:33:10.127-06:00" id="#license-2014-07-22T12:33:10.127-06:00"> Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.</a></h5> </div> 58210624@www.sltrib.com Tue, 22 Jul 2014 12:33:10 MDT McDonald’s profit slips as sales in U.S. decline http://www.sltrib.com/sltrib/money/58210616-79/mcdonald-sales-percent-1.4.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/money/58210616-79/mcdonald-sales-percent-1.4.csp">McDonald’s profit slips as sales in U.S. decline</a></h4> <span class="author source-org vcard"><span class="org fn">The Associated Press</span></span> <h5><span class="updated" title="2014-07-22T09:24:01.906-06:00">Updated Jul 22, 2014 09:24AM MDT</span></h5> <div class ="entry-content">Oak Brook, Ill. • McDonald’s Corp. said its profit slipped in the second quarter as sales in the U.S. continued to flag. The world’s biggest hamburger chain has been struggling to boost sales in its flagship market amid intensifying competition, changing eating habits and the persistent financial struggles of its lower-income customers. In the U.S., sales at established locations fell 1.4 percent for the period fewer customers came into its restaurants. The company, based in Oak Brook, Ill., has...</div> <h5><a rel="item-license" href="#license-582106162014-07-22T09:24:01.906-06:00" id="#license-2014-07-22T09:24:01.906-06:00"> Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.</a></h5> </div> 58210616@www.sltrib.com Tue, 22 Jul 2014 09:24:01 MDT Marlboro maker Altria’s quarterly profit stays flat http://www.sltrib.com/sltrib/money/58210587-79/share-cigarette-per-billion.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/money/58210587-79/share-cigarette-per-billion.html.csp">Marlboro maker Altria’s quarterly profit stays flat</a></h4> <span class="author source-org vcard"><span class="org fn">The Associated Press</span></span> <h5><span class="updated" title="2014-07-22T09:18:01.509-06:00">Updated Jul 22, 2014 09:18AM MDT</span></h5> <div class ="entry-content">Richmond, Va. • Marlboro maker Altria Group posted flat second-quarter earnings Tuesday as higher prices helped to offset decline in the number of cigarettes it sold. The owner of the nation’s biggest cigarette maker, Philip Morris USA, also announced a new $1 billion share buyback program to be completed by the end of 2015 and narrowed its full-year earnings guidance. The Richmond company reported earnings of $1.26 billion, or 64 cents per share, in the quarter ended June 30, compared with $1.2...</div> <h5><a rel="item-license" href="#license-582105872014-07-22T09:18:01.509-06:00" id="#license-2014-07-22T09:18:01.509-06:00"> Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.</a></h5> </div> 58210587@www.sltrib.com Tue, 22 Jul 2014 09:18:01 MDT Comcast’s net income rose 15 percent in quarter http://www.sltrib.com/sltrib/money/58210543-79/percent-billion-comcast-rose.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/money/58210543-79/percent-billion-comcast-rose.html.csp">Comcast’s net income rose 15 percent in quarter</a></h4> <span class="author source-org vcard"><span class="org fn">The Associated Press</span></span> <h5><span class="updated" title="2014-07-22T09:05:01.727-06:00">Updated Jul 22, 2014 09:05AM MDT</span></h5> <div class ="entry-content">Philadelphia • Comcast Corp.’s second-quarter net income rose 15 percent to nearly $2 billion as it added high-speed Internet customers at a faster pace than a year ago and video subscriber losses moderated. Its adjusted earnings topped Wall Street estimates, and Comcast shares edged up in morning trading. The nation’s largest cable provider said Tuesday that net income rose to $1.99 billion, or 76 cents per share. Excluding a gain on its sale of a stake in set-top box maker Arris Group Inc. and...</div> <h5><a rel="item-license" href="#license-582105432014-07-22T09:05:01.727-06:00" id="#license-2014-07-22T09:05:01.727-06:00"> Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.</a></h5> </div> 58210543@www.sltrib.com Tue, 22 Jul 2014 09:05:01 MDT Verizon’s second-quarter profit rises 93 percent http://www.sltrib.com/sltrib/money/58210451-79/verizon-share-billion-per.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/money/58210451-79/verizon-share-billion-per.html.csp">Verizon’s second-quarter profit rises 93 percent</a></h4> <span class="author vcard"><span class="fn">By PETER SVENSSON</span></span> <span class="source-org vcard"><span class="org fn"> The Associated Press</span></span> <h5><span class="updated" title="2014-07-22T08:44:02.09-06:00">Updated Jul 22, 2014 08:44AM MDT</span></h5> <div class ="entry-content">New York • Verizon reported Tuesday that its second-quarter earnings nearly doubled after it secured full ownership of Verizon Wireless. Profit jumped to $4.32 billion from $2.25 billion, or 78 cents per share. Net income per share grew, but at a lower rate, to $1.01 per share from 78 cents per share. That’s because Verizon issued shares in February to pay Vodafone Group PLC shareholders for their share of Verizon Wireless. Adjusted for non-recurring gains, chiefly from the sale of spectrum lice...</div> <h5><a rel="item-license" href="#license-582104512014-07-22T08:44:02.09-06:00" id="#license-2014-07-22T08:44:02.09-06:00"> Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.</a></h5> </div> 58210451@www.sltrib.com Tue, 22 Jul 2014 08:44:02 MDT