PORTLAND, Maine – State and federal emergency management officials went into the field Thursday to verify damage from a powerful wind storm to give Republican Gov. Paul LePage the data he needs to decide whether to make a formal request for federal aid. Continue Reading Below One of the biggest […]
FOX Business News
Strong earnings from Wal-Mart, Cisco drive US stocks higher
Strong quarterly earnings from Wal-Mart Stores, Cisco Systems and other companies drove U.S. stocks higher in morning trading Thursday as the market bounced back from a modest decline a day earlier. Technology companies, consumer product makers and health care stocks accounted for some of the biggest gains. Energy and utilities […]
Drug firm founder pleads not guilty to opioid conspiracy
BOSTON – A pharmaceutical company founder accused of leading a nationwide conspiracy to bribe doctors to prescribe a powerful opioid pain medication will fight the charges against him and believes he will be vindicated, his attorney said Thursday. Continue Reading Below John Kapoor, of Insys Therapeutics Inc., pleaded not guilty […]
Tribes make renewed push for pipeline protections
BISMARCK, N.D. – Two American Indian tribes in the Dakotas that are fighting the Dakota Access pipeline in court are making a renewed push to bolster protections for their water supply. Continue Reading Below The Standing Rock and Cheyenne River Sioux have filed court documents urging a federal judge to […]
Mortgages rates rise: 30-year hits 4-month high 3.95 percent
WASHINGTON – Long-term mortgage rates rose this week to the highest level in months. Continue Reading Below Mortgage giant Freddie Mac says the rate on benchmark 30-year, fixed-rate mortgages hit 3.95 percent, up from 3.90 percent last week and highest since July. A year ago, it stood at 3.94 percent. […]
Post-nuke debacle, utility wants to cut S. Carolina rates
CAYCE, S.C. – With customers angry that they’re still paying for a defunct multibillion-dollar nuclear reactor project, a co-owner of the South Carolina plant says it now wants to cut power rates and offer other givebacks. Continue Reading Below South Carolina Electric & Gas Co. incoming President Keller Kissam on […]
Walmart sees strong online sales lift third-quarter results
NEW YORK – A surging online business and strong food sales boosted Walmart’s results Thursday ahead of the holiday season, a day after its rival Target offered a cautious forecast that overshadowed progress it has made in bringing more customers to its stores. Continue Reading Below And Best Buy, the […]
Dick’s Sporting Goods Tempers Expectations With Q3 Results
Shares of Dick’s Sporting Goods (NYSE: DKS) initially declined after the company reported its third quarter 2017 earnings. Results actually beat management’s guidance, but the outlook for the business in the year ahead kept a lid on optimism. Continue Reading Below Q3 by the numbers Metric Q3 2017 Increase (Decrease) […]
Divorcees warily eye GOP plan to cut alimony tax deduction
HARTFORD, Conn. – A congressional proposal to eliminate the tax deduction for alimony is generating concerns about higher taxes for men and less spousal support for women. That’s pushing some soon-to-be ex-spouses to try to get their cases resolved before the changes would take effect Jan. 1. Continue Reading Below […]
Genomic Health, Inc. Turns a Profit (With an Asterisk)
Genomic Health (NASDAQ: GHDX) recorded a $1.1 million profit during the third quarter, something it’s been shooting for as it’s improved its bottom line for each of the last nine consecutive quarters. But the profit only came on a non-GAAP basis, in which the company subtracted out the expenses associated […]