QUARTER - The Salt Lake Tribune http://www.sltrib.com/feeds/topics/QUARTER News from The Salt Lake Tribune en-us webmaster@sltrib.com (Webmaster) 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 This material may not be published, broadcast, rewritten or redistributed.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 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 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 U.S. companies report rising sales, employment http://www.sltrib.com/sltrib/money/58206343-79/percent-quarter-companies-respondents.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/money/58206343-79/percent-quarter-companies-respondents.html.csp">U.S. companies report rising sales, employment</a></h4> <span class="author source-org vcard"><span class="org fn">The Associated Press</span></span> <h5><span class="updated" title="2014-07-21T09:44:01.218-06:00">Updated Jul 21, 2014 09:44AM MDT</span></h5> <div class ="entry-content">Detroit • Rising sales helped boost hiring and wages at U.S. businesses in the second quarter, and companies are optimistic that the trends will continue this fall, according to a new survey by the National Association for Business Economics. Fifty-seven percent of the 85 respondents to the quarterly survey said sales at their companies rose in the April-June period. That was up from 53 percent in the first quarter and 35 percent in the same period a year ago. Just 5 percent of firms said sales ...</div> <h5><a rel="item-license" href="#license-582063432014-07-21T09:44:01.218-06:00" id="#license-2014-07-21T09:44:01.218-06:00"> Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.</a></h5> </div> 58206343@www.sltrib.com Mon, 21 Jul 2014 09:44:01 MDT U.S. stocks mount rebound on company earnings http://www.sltrib.com/sltrib/money/58197872-79/percent-earnings-investors-market.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/money/58197872-79/percent-earnings-investors-market.html.csp">U.S. stocks mount rebound on company earnings</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="2014-07-18T17:07:25.3-06:00">Updated Jul 18, 2014 05:07PM MDT</span></h5> <div class ="entry-content">Investors jumped on a wave of strong corporate financial results Friday, propelling stocks higher for the third time in five days. The gains wiped out much of the market’s losses from the day before, when the downing of a Malaysian Airlines passenger jet in eastern Ukraine stirred concerns that tensions between Russia and the West could escalate. Israel’s launch of a ground offensive into Gaza also stoked geopolitical uncertainty. Those worries appeared to ease Friday, as world leaders called fo...</div> <h5><a rel="item-license" href="#license-581978722014-07-18T17:07:25.3-06:00" id="#license-2014-07-18T17:07:25.3-06:00"> Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.</a></h5> </div> 58197872@www.sltrib.com Fri, 18 Jul 2014 17:07:25 MDT Ericsson sees $394 million second-quarter profit http://www.sltrib.com/sltrib/money/58197848-79/profit-quarter-394-billion.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/money/58197848-79/profit-quarter-394-billion.html.csp">Ericsson sees $394 million second-quarter profit</a></h4> <span class="author source-org vcard"><span class="org fn">The Associated Press</span></span> <h5><span class="updated" title="2014-07-18T09:46:01.452-06:00">Updated Jul 18, 2014 09:46AM MDT</span></h5> <div class ="entry-content">Stockholm • Wireless equipment maker Ericsson says second-quarter profit rose 76 percent to $394 million mainly due to higher margins on its premium products, lower restructuring charges and improved overall efficiency. Net sales in the April to June period fell slightly to $8 billion from $8.1 billion in the same period last year. Net profit was $1.3 billion a year earlier. The world’s largest supplier of mobile phone infrastructure said Friday that political unrest prevailing in parts of the M...</div> <h5><a rel="item-license" href="#license-581978482014-07-18T09:46:01.452-06:00" id="#license-2014-07-18T09:46:01.452-06:00"> Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.</a></h5> </div> 58197848@www.sltrib.com Fri, 18 Jul 2014 09:46:01 MDT GE quarterly profit jumps 13% on aviation, oil, gas http://www.sltrib.com/sltrib/money/58197760-79/percent-billion-gas-profit.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/money/58197760-79/percent-billion-gas-profit.html.csp">GE quarterly profit jumps 13% on aviation, oil, gas</a></h4> <span class="author vcard"><span class="fn">By JONATHAN FAHEY</span></span> <span class="source-org vcard"><span class="org fn"> The Associated Press</span></span> <h5><span class="updated" title="2014-07-18T09:31:01.319-06:00">Updated Jul 18, 2014 09:31AM MDT</span></h5> <div class ="entry-content">New York • General Electric’s net income rose 13 percent in the second quarter on strong performance from its aviation and oil and gas divisions. The company said orders, especially those in developing countries, were strong and that the global economic environment continues to be positive. GE also said that its previously announced plan to spin off its credit card business with an initial public offering is targeted for late July. GE said it plans to sell 15 percent of the company, to be called...</div> <h5><a rel="item-license" href="#license-581977602014-07-18T09:31:01.319-06:00" id="#license-2014-07-18T09:31:01.319-06:00"> Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.</a></h5> </div> 58197760@www.sltrib.com Fri, 18 Jul 2014 09:31:01 MDT Revenue down 2% but IBM sales top estimates http://www.sltrib.com/sltrib/money/58196062-79/ibm-billion-cloud-company.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/money/58196062-79/ibm-billion-cloud-company.html.csp">Revenue down 2% but IBM sales top estimates</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="2014-07-17T18:06:01.697-06:00">Updated Jul 17, 2014 06:06PM MDT</span></h5> <div class ="entry-content">New York —IBM Corp.’s sales topped analysts’ estimates, getting Chief Executive Ginni Rometty closer to her profit goals. While revenue fell 2 percent from a year earlier to $24.4 billion in the second quarter, the declines were smaller than in the prior three-month period for mainframe servers and sales in developing countries, IBM said Thursday. The result surpassed the $24.1 billion that analysts projected on average, according to data compiled by Bloomberg. Adjusted earnings rose to $4.32 a ...</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> 58196062@www.sltrib.com Thu, 17 Jul 2014 18:06:01 MDT Capital One posts higher second quarter profit http://www.sltrib.com/sltrib/money/58196010-79/percent-billion-capital-quarter.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/money/58196010-79/percent-billion-capital-quarter.html.csp">Capital One posts higher second quarter profit</a></h4> <span class="author vcard"><span class="fn">By STEVE ROTHWELL</span></span> <span class="source-org vcard"><span class="org fn"> The Associated Press</span></span> <h5><span class="updated" title="2014-07-17T17:39:01.944-06:00">Updated Jul 17, 2014 05:39PM MDT</span></h5> <div class ="entry-content">New York • Capital One Financial Corp. said Thursday that second-quarter profit rose 8 percent as it set aside less money for bad loans and its domestic card business returned to growth. McLean, Va.-based Capital One said net income after paying preferred dividends rose to $1.18 billion, or $2.04 per share, in the three months ended June 30. That compares with net income of $1.09 billion, or $1.85 per share, in the same period a year earlier. The results exceeded the average forecast of analysts...</div> <h5><a rel="item-license" href="#license-581960102014-07-17T17:39:01.944-06:00" id="#license-2014-07-17T17:39:01.944-06:00"> Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.</a></h5> </div> 58196010@www.sltrib.com Thu, 17 Jul 2014 17:39:01 MDT Morgan Stanley quarterly profit more than doubles http://www.sltrib.com/sltrib/money/58194741-79/percent-morgan-stanley-money.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/money/58194741-79/percent-morgan-stanley-money.html.csp">Morgan Stanley quarterly profit more than doubles</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="2014-07-17T11:45:02.029-06:00">Updated Jul 17, 2014 11:45AM MDT</span></h5> <div class ="entry-content">New York • Morgan Stanley said Thursday its quarterly profit more than doubled, thanks to strong performances from its investment banking and money-management units. Second-quarter net income jumped to $1.88 billion from $900 million a year earlier, after excluding an accounting gain. Adjusted for that gain and a big tax benefit, Morgan Stanley’s quarterly earnings worked out to 60 cents per share, beating the average prediction of 55 cents from analysts polled by FactSet. Wall Street’s banks we...</div> <h5><a rel="item-license" href="#license-581947412014-07-17T11:45:02.029-06:00" id="#license-2014-07-17T11:45:02.029-06:00"> Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.</a></h5> </div> 58194741@www.sltrib.com Thu, 17 Jul 2014 11:45:02 MDT Novartis cites momentum in 3 percent profit rise http://www.sltrib.com/sltrib/money/58194141-79/billion-company-novartis-business.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/money/58194141-79/billion-company-novartis-business.html.csp">Novartis cites momentum in 3 percent profit rise</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="2014-07-17T09:07:01.729-06:00">Updated Jul 17, 2014 09:07AM MDT</span></h5> <div class ="entry-content">Geneva • Swiss pharmaceutical company Novartis AG posted a 3 percent rise in second-quarter profits Thursday, reflecting what it described as solid growth and an increased focus on core products. Profits during the April-June quarter rose to $3.28 billion, up from $3.18 billion in the same quarter of 2013, helped by “strong innovation momentum” and rising sales in some of its household brands, the Basel-based company reported. Earlier this year, the company launched a major overhaul of its busin...</div> <h5><a rel="item-license" href="#license-581941412014-07-17T09:07:01.729-06:00" id="#license-2014-07-17T09:07:01.729-06:00"> Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.</a></h5> </div> 58194141@www.sltrib.com Thu, 17 Jul 2014 09:07:01 MDT UnitedHealth’s quarterly profit declines 2 percent http://www.sltrib.com/sltrib/money/58194036-79/percent-billion-earnings-unitedhealth.html.csp <div class="hnews hentry item"> <h4><a class="url entry-title" href="http://www.sltrib.com/sltrib/money/58194036-79/percent-billion-earnings-unitedhealth.html.csp">UnitedHealth’s quarterly profit declines 2 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="2014-07-17T08:46:01.698-06:00">Updated Jul 17, 2014 08:46AM MDT</span></h5> <div class ="entry-content">UnitedHealth Group’s second-quarter earnings slipped 2 percent on a rise in taxes and other expenses, but the nation’s largest health insurer still trumped analyst expectations. The Minnetonka, Minn. company also raised the low end of the earnings range it forecasts for this year. Its shares rose more than 2 percent in morning trading Thursday. UnitedHealth said revenue gains, particularly in its Medicaid business and through its Optum segment, helped counter the expenses during the quarter that...</div> <h5><a rel="item-license" href="#license-581940362014-07-17T08:46:01.698-06:00" id="#license-2014-07-17T08:46:01.698-06:00"> Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.</a></h5> </div> 58194036@www.sltrib.com Thu, 17 Jul 2014 08:46:01 MDT