QUARTER - The Salt Lake Tribune http://www.sltrib.com/feeds/topics/QUARTER News from The Salt Lake Tribune en-us webmaster@sltrib.com (Webmaster) New York Times misses profit estimates http://www.sltrib.com/sltrib/money/58238145-79/million-sales-abramson-digital.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/money/58238145-79/million-sales-abramson-digital.html.csp">New York Times misses profit estimates</a></h4> <span class="author vcard"><span class="fn">By Edmund Lee</span></span> <span class="source-org vcard"><span class="org fn"> Bloomberg News</span></span> <h5><span class="updated" title="2014-07-29T17:34:02.179-06:00">Updated Jul 29, 2014 05:34PM MDT</span></h5> <div class ="entry-content">New York • New York Times Co. missed second-quarter profit estimates as advertising sales declined for the 14th time in 15 quarters. Ad revenue dropped 4.1 percent to $156.3 million, the New York-based company said Tuesday in a statement. Earnings, excluding some items, were 7 cents a share, compared with the 8 cents projected by analysts, according to the average of estimates compiled by Bloomberg. The shares fell the most in 21 months. Jill Abramson, the first female executive editor of the Ti...</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 This material may not be published, broadcast, rewritten or redistributed.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> 58238145@www.sltrib.com Tue, 29 Jul 2014 17:34:02 MDT Twitter’s quarterly results soar, stock flies high http://www.sltrib.com/sltrib/money/58238548-79/million-revenue-stock-twitter.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/money/58238548-79/million-revenue-stock-twitter.html.csp">Twitter’s quarterly results soar, stock flies high</a></h4> <span class="author source-org vcard"><span class="org fn">The Associated Press</span></span> <h5><span class="updated" title="2014-07-29T17:30:01.718-06:00">Updated Jul 29, 2014 05:30PM MDT</span></h5> <div class ="entry-content">San Francisco • Stronger-than-expected results pushed Twitter’s stock sharply higher on Tuesday after the short messaging service said its revenue more than doubled in the second quarter. The San Francisco-based company’s stock jumped 29.6 percent to $50.01 in extended trading after the results came out. Twitter posted a net loss of $144.6 million, or 24 cents per share, in the April-June period. That compares with a loss of $42.2 million, or 32 cents per share, a year earlier when Twitter was s...</div> <h5><a rel="item-license" href="#license-582385482014-07-29T17:30:01.718-06:00" id="#license-2014-07-29T17:30:01.718-06:00"> Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.</a></h5> </div> 58238548@www.sltrib.com Tue, 29 Jul 2014 17:30:01 MDT American Express quarterly profit rises 9 percent http://www.sltrib.com/sltrib/money/58238524-79/percent-american-express-card.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/money/58238524-79/percent-american-express-card.html.csp">American Express quarterly profit rises 9 percent</a></h4> <span class="author vcard"><span class="fn">By ALEX VEIGA</span></span> <span class="source-org vcard"><span class="org fn"> The Associated Press</span></span> <h5><span class="updated" title="2014-07-29T17:12:01.779-06:00">Updated Jul 29, 2014 05:12PM MDT</span></h5> <div class ="entry-content">American Express Co.’s net income grew 9 percent in the second quarter, as spending by cardholders increased and the credit card issuer set aside less money to cover potential credit losses. A one-time gain related to the company’s business travel division also helped boost results. The New York company’s latest earnings beat Wall Street’s expectations, but its 5 percent increase in revenue fell short. Spending by holders of American Express cards grew 9 percent during the April-June period, ref...</div> <h5><a rel="item-license" href="#license-582385242014-07-29T17:12:01.779-06:00" id="#license-2014-07-29T17:12:01.779-06:00"> Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.</a></h5> </div> 58238524@www.sltrib.com Tue, 29 Jul 2014 17:12:01 MDT Biotech drugmaker Amgen laying off at least 2,400 http://www.sltrib.com/sltrib/money/58237895-79/billion-amgen-percent-per.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/money/58237895-79/billion-amgen-percent-per.html.csp">Biotech drugmaker Amgen laying off at least 2,400</a></h4> <span class="author vcard"><span class="fn">By linda a. johnson </span></span> <span class="source-org vcard"><span class="org fn"> The Associated Press </span></span> <h5><span class="updated" title="2014-07-29T17:46:20.407-06:00">Updated Jul 29, 2014 05:46PM MDT</span></h5> <div class ="entry-content">Biologic drugmaker Amgen said Tuesday that it will lay off 12 to 15 percent of its worldwide workforce and close four sites, even as it reported stellar second-quarter results that trounced Wall Street expectations. Amgen also raised its forecasts for its 2014 profit and revenue, driving up its shares. The maker of Prolia for osteoporosis and anemia treatment Aranesp said it’s restructuring to free up money needed for investments in the business, particularly marketing and other costs for launch...</div> <h5><a rel="item-license" href="#license-582378952014-07-29T17:46:20.407-06:00" id="#license-2014-07-29T17:46:20.407-06:00"> Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.</a></h5> </div> 58237895@www.sltrib.com Tue, 29 Jul 2014 17:46:20 MDT Aetna’s second quarter profit rises 2.4 percent http://www.sltrib.com/sltrib/money/58236839-79/aetna-percent-earnings-health.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/money/58236839-79/aetna-percent-earnings-health.html.csp">Aetna’s second quarter profit rises 2.4 percent</a></h4> <span class="author vcard"><span class="fn">By TOM MURPHY</span></span> <span class="source-org vcard"><span class="org fn"> The Associated Press</span></span> <h5><span class="updated" title="2014-07-29T09:35:02.168-06:00">Updated Jul 29, 2014 09:35AM MDT</span></h5> <div class ="entry-content">Aetna’s second-quarter profit climbed more than 2 percent, as gains from an acquisition helped the health insurer beat analyst expectations and raise its 2014 earnings forecast again. The Hartford, Conn. company said Tuesday it now expects full-year adjusted earnings to range between $6.45 and $6.60 per share, up from its April forecast for earnings of $6.35 to $6.55 per share. Analysts expect, on average, earnings of $6.50 per share, according to FactSet. Aetna Inc. is the nation’s third-larges...</div> <h5><a rel="item-license" href="#license-582368392014-07-29T09:35:02.168-06:00" id="#license-2014-07-29T09:35:02.168-06:00"> Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.</a></h5> </div> 58236839@www.sltrib.com Tue, 29 Jul 2014 09:35:02 MDT UBS sees profits rise, probed over trading system http://www.sltrib.com/sltrib/money/58236821-79/ubs-bank-trading-million.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/money/58236821-79/ubs-bank-trading-million.html.csp">UBS sees profits rise, probed over trading system</a></h4> <span class="author vcard"><span class="fn">By JOHN HEILPRIN</span></span> <span class="source-org vcard"><span class="org fn"> The Associated Press</span></span> <h5><span class="updated" title="2014-07-29T09:23:02.07-06:00">Updated Jul 29, 2014 09:23AM MDT</span></h5> <div class ="entry-content">Geneva • Switzerland’s biggest bank, UBS, reported Tuesday a 15 percent rise in second-quarter profit, driven by its core wealth management business, and disclosed it was part of a group of financial companies being investigated over alternative trading systems called “dark pools.” UBS AG said its net profit for the April-June period rose to 792 million Swiss francs ($876 million) from 690 million francs in the comparable period in 2013. The Zurich-based bank also said it had settled an investig...</div> <h5><a rel="item-license" href="#license-582368212014-07-29T09:23:02.07-06:00" id="#license-2014-07-29T09:23:02.07-06:00"> Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.</a></h5> </div> 58236821@www.sltrib.com Tue, 29 Jul 2014 09:23:02 MDT Stocks end lower ahead of economic reports http://www.sltrib.com/sltrib/money/58236740-79/percent-earnings-ahead-economic.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/money/58236740-79/percent-earnings-ahead-economic.html.csp">Stocks end lower ahead of economic reports</a></h4> <span class="author vcard"><span class="fn">By MATTHEW CRAFT</span></span> <span class="source-org vcard"><span class="org fn"> The Associated Press</span></span> <h5><span class="updated" title="2014-07-29T17:08:41.503-06:00">Updated Jul 29, 2014 05:08PM MDT</span></h5> <div class ="entry-content">New York • The stock market fell modestly on Tuesday as investors focused on a batch of big economic reports ahead. On Wednesday, the government releases its look at economic growth in the spring quarter and the Federal Reserve finishes a two-day meeting. The next day, a report on China’s manufacturing industry will give investors an update on the health of the world’s factory floor. For U.S. investors, the key news comes Friday, when the Labor Department releases its monthly report on the jobs ...</div> <h5><a rel="item-license" href="#license-582367402014-07-29T17:08:41.503-06:00" id="#license-2014-07-29T17:08:41.503-06:00"> Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.</a></h5> </div> 58236740@www.sltrib.com Tue, 29 Jul 2014 17:08:41 MDT U.S. companies fishing for growth overseas http://www.sltrib.com/sltrib/money/58232692-79/companies-growth-company-percent.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/money/58232692-79/companies-growth-company-percent.html.csp">U.S. companies fishing for growth overseas</a></h4> <span class="author vcard"><span class="fn">By MICHAEL LIEDTKE</span></span> <span class="source-org vcard"><span class="org fn"> The Associated Press</span></span> <h5><span class="updated" title="2014-07-28T12:28:01.983-06:00">Updated Jul 28, 2014 12:28PM MDT</span></h5> <div class ="entry-content">San Francisco • Major U.S. companies are starting to reap their most rapid growth in fertile lands of opportunity far from home. Technology trendsetters Apple Inc., Google Inc., Facebook Inc. and Netflix Inc. all mined foreign countries to produce earnings or revenue that exceeded analysts’ projections in their latest quarters. Prodded by the steadily rising demand for Internet access and online services in developing countries, these technology companies will likely be wading even deeper into o...</div> <h5><a rel="item-license" href="#license-582326922014-07-28T12:28:01.983-06:00" id="#license-2014-07-28T12:28:01.983-06:00"> Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.</a></h5> </div> 58232692@www.sltrib.com Mon, 28 Jul 2014 12:28:01 MDT Visa posts higher quarterly profits, revenues http://www.sltrib.com/sltrib/money/58224812-79/percent-visa-billion-growth.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/money/58224812-79/percent-visa-billion-growth.html.csp">Visa posts higher quarterly profits, revenues</a></h4> <span class="author vcard"><span class="fn">The Associated Press</span></span> <h5><span class="updated" title="2014-07-25T15:09:02.019-06:00">Updated Jul 25, 2014 03:09PM MDT</span></h5> <div class ="entry-content">Foster City, Calif. • Visa Inc. said Thursday its profit climbed 11 percent in its fiscal third quarter versus a year earlier, aided by solid growth in payments volume, service revenue and transactions. The payments processor’s latest financial results beat or matched Wall Street expectations. But its stock slid 3 percent in extended trading after the company tempered its earnings outlook for the year, citing issues including a stronger U.S. dollar and slow growth in cross-border transactions, o...</div> <h5><a rel="item-license" href="#license-582248122014-07-25T15:09:02.019-06:00" id="#license-2014-07-25T15:09:02.019-06:00"> Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.</a></h5> </div> 58224812@www.sltrib.com Fri, 25 Jul 2014 15:09:02 MDT German business confidence drops as risks mount http://www.sltrib.com/sltrib/money/58224757-79/percent-business-german-quarter.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/money/58224757-79/percent-business-german-quarter.html.csp">German business confidence drops as risks mount</a></h4> <span class="author vcard"><span class="fn">By Stefan Riecher</span></span> <span class="source-org vcard"><span class="org fn"> Bloomberg News</span></span> <h5><span class="updated" title="2014-07-25T15:02:18.074-06:00">Updated Jul 25, 2014 03:02PM MDT</span></h5> <div class ="entry-content">Frankfurt, Germany • German business confidence dropped more than economists predicted to the lowest level since October as weaker growth and escalating tensions in Ukraine weigh on the outlook for Europe’s largest economy. The Ifo institute’s business climate index, based on a survey of 7,000 executives, fell to 108 from 109.7 in June, marking the third straight monthly decline. Economists predicted a reading of 109.4, according to the median of 35 estimates in a Bloomberg News survey. Today’s ...</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> 58224757@www.sltrib.com Fri, 25 Jul 2014 15:02:18 MDT Overstock.com’s income falls, revenues higher http://www.sltrib.com/sltrib/money/58224090-79/com-income-overstock-company.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/money/58224090-79/com-income-overstock-company.html.csp">Overstock.com’s income falls, revenues higher</a></h4> <span class="author source-org vcard"><span class="org fn">The Salt Lake Tribune</span></span> <h5><span class="updated" title="2014-07-25T13:01:01.584-06:00">Updated Jul 25, 2014 01:01PM MDT</span></h5> <div class ="entry-content">Overstock.com’s net income fell by almost 50 percent in the quarter ending June 30, but the Salt Lake City-based company still posted a profit for the 10th straight quarter. Company CEO Patrick Byrne said Thursday that net quarterly income was $1.9 million, or 8 cents per share, down from $3.7 million, or 15 cents a share, in the same quarter in 2013. Revenues were a bright spot for the online sales company, jumping 13 percent year-over-year to $332.5 million. “Our increases in technology spendi...</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> 58224090@www.sltrib.com Fri, 25 Jul 2014 13:01:01 MDT Airlines report big 2Q profits on strong demand http://www.sltrib.com/sltrib/money/58220757-79/airlines-american-percent-million.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/money/58220757-79/airlines-american-percent-million.html.csp">Airlines report big 2Q profits on strong demand</a></h4> <span class="author source-org vcard"><span class="org fn">The Associated Press </span></span> <h5><span class="updated" title="2014-07-24T13:40:02.442-06:00">Updated Jul 24, 2014 01:40PM MDT</span></h5> <div class ="entry-content">Investing in airlines has long been the butt of jokes, especially when many U.S. carriers traipsed through bankruptcy court in the past decade. Now riding a post-merger tide of higher fares and stable fuel costs, those same airlines are piling up profits — and sharing the newfound riches with investors. American Airlines announced Thursday that it would pay its first dividend in 34 years, and both American and United Airlines announced big plans to buy back their own stock, a strategy designed t...</div> <h5><a rel="item-license" href="#license-582207572014-07-24T13:40:02.442-06:00" id="#license-2014-07-24T13:40:02.442-06:00"> Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.</a></h5> </div> 58220757@www.sltrib.com Thu, 24 Jul 2014 13:40:02 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 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 Apple posts biggest profit gain in nearly two years http://www.sltrib.com/sltrib/money/58212471-79/apple-iphone-percent-screen.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/money/58212471-79/apple-iphone-percent-screen.html.csp">Apple posts biggest profit gain in nearly two years</a></h4> <span class="author source-org vcard"><span class="org fn">The Associated Press</span></span> <h5><span class="updated" title="2014-07-22T18:45:02.014-06:00">Updated Jul 22, 2014 06:45PM MDT</span></h5> <div class ="entry-content">San Francisco • Apple’s growth prospects are looking brighter as anticipation builds for the upcoming release of the next iPhone, a model expected to cater to consumers yearning for a bigger screen. The latest evidence of Apple’s mounting momentum emerged Tuesday with the release of the company’s fiscal third-quarter report. Earnings rose at the highest rate in nearly two years as Apple Inc. sold 35.2 million iPhones during the period. The iPhone shipments climbed 13 percent increase from the sa...</div> <h5><a rel="item-license" href="#license-582124712014-07-22T18:45:02.014-06:00" id="#license-2014-07-22T18:45:02.014-06:00"> Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.</a></h5> </div> 58212471@www.sltrib.com Tue, 22 Jul 2014 18:45:02 MDT Discover Financial’s quarterly profit jumps 7 percent http://www.sltrib.com/sltrib/money/58212493-79/percent-discover-card-loans.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/money/58212493-79/percent-discover-card-loans.html.csp">Discover Financial’s quarterly profit jumps 7 percent</a></h4> <span class="author source-org vcard"><span class="org fn">The Associated Press</span></span> <h5><span class="updated" title="2014-07-22T18:44:02.565-06:00">Updated Jul 22, 2014 06:44PM MDT</span></h5> <div class ="entry-content">Los Angles • Discover Financial Services’ net income grew 7 percent in the second quarter as credit card spending and overall loans increased from a year ago. The results beat Wall Street’s expectations. The credit card issuer and lender said Tuesday that card loans and sales volume for the company’s namesake card both climbed 6 percent, reflecting increased spending by its cardholders. More of those cardholders also elected to carry balances rather than pay them off, helping drive interest reve...</div> <h5><a rel="item-license" href="#license-582124932014-07-22T18:44:02.565-06:00" id="#license-2014-07-22T18:44:02.565-06:00"> Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.</a></h5> </div> 58212493@www.sltrib.com Tue, 22 Jul 2014 18:44:02 MDT Peabody posts surprise gain, coal shipments up http://www.sltrib.com/sltrib/money/58211093-79/coal-peabody-quarter-cents.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/money/58211093-79/coal-peabody-quarter-cents.html.csp">Peabody posts surprise gain, coal shipments up</a></h4> <span class="author vcard"><span class="fn">By Tim Loh</span></span> <span class="source-org vcard"><span class="org fn"> Bloomberg News</span></span> <h5><span class="updated" title="2014-07-22T11:40:01.855-06:00">Updated Jul 22, 2014 11:40AM MDT</span></h5> <div class ="entry-content">New York • Peabody Energy Corp. reported a surprise increase Tuesday in revenue for the second quarter on higher sales volumes from mines in Australia and the western United States. Sales rose 1.9 percent to $1.76 billion, the St. Louis-based company said in a statement, exceeding the $1.63 billion average of 12 analysts’ estimates compiled by Bloomberg. The country’s largest coal-mining company, Peabody’s loss excluding one-time items was 28 cents a share, compared with the 29-cent average esti...</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> 58211093@www.sltrib.com Tue, 22 Jul 2014 11:40:01 MDT