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It’s not just about China: Company profits to drop again

NEW YORK — Tumult in China triggered the worst opening week for U.S. stocks in history, and this week investors could get plenty more to worry about. Profits are expected to drop at U.S. companies. Again. Earnings for companies in the Standard and Poor’s 500 index are forecast to drop for the second straight quarter, […]
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Congress OKs compromise budget deal to keep government open

Congress on Friday passed wide-ranging legislation to provide $1.14 trillion in government funding through September 2016 and $680 billion in tax breaks over a decade. In the compromise measure, Republicans won the lifting of a 40-year ban on U.S. crude oil exports, although other controversial GOP proposals were not included, including ending federal funding for Planned Parenthood. […]
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MARKETS BACK IN POSITIVE TERRITORY AFTER SUMMER SWOON

NEW YORK  — Maybe you shouldn’t have put your money under a mattress after all. The stock market is back in the black for the year after a bruising late-August tumble that had investors worrying about their money in a way they hadn’t in four years. A three-week surge in stocks has now lifted the […]
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Coca-Cola near deal for organic juice company Suja

Coca-Cola Co (KO.N) is nearing a deal to buy a minority stake in U.S. organic juice company Suja Life LLC, people familiar with the matter said on Friday, as the soft drink giant tries to identify the next big hit with consumers. Carbonated beverages have suffered from slow growth in recent years as consumer sentiment […]
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Japan’s Sumitomo Life in talks to buy U.S. insurer Symetra

Japan’s Sumitomo Life is in talks to buy Symetra Financial Corp (SYA.A), a U.S. life insurance company with a market value of about $3.1 billion, a person familiar with the matter said, the latest deal in the making by acquisitive Japanese insurers looking for growth drivers overseas. Reuters reported earlier Symetra has been exploring the […]
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Buffett’s Berkshire nears deal for Precision Castparts

Warren Buffett’s Berkshire Hathaway Inc (BRKa.N) is nearing an agreement to buy Precision Castparts Corp (PCP.N), in what could be the company’s largest purchase ever, according to a person familiar with the matter. The purchase of Precision Castparts, which makes aircraft components and energy-production equipment, could be announced as soon as next week and cost […]
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HOSPITAL STOCKS LEAP AFTER SUPREME COURT BACKS OVERHAUL

Thursday after the Supreme Court upheld a key portion of President Barack Obama’s health care overhaul and eliminated the prospect of a sudden influx of uninsured patients seeking care. Shares of big hospital operators like HCA Holdings Inc. and Tenet Healthcare Corp. surged after the court announced a decision that maintained in several states tax […]
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Trade dispute exposes House Democrats’ turmoil, challenges

WASHINGTON — Congress’ upheaval over trade has exposed turmoil within a House Democratic caucus that’s grown smaller and more liberal in recent years as moderates have been ousted in successive election bloodlettings. Those who remain must answer to ideologically driven voters and labor unions fighting their own battles for survival, even if it means sidelining […]
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NEARLY HALF OF STATES EXPECT TO CONFRONT BIG BUDGET GAPS

ATLANTA  — With the nation’s economy at its healthiest since the Great Recession, a surprising trend is emerging among the states – large budget gaps. An Associated Press analysis of statehouse finances around the country shows that at least 22 states project shortfalls for the coming fiscal year. The deficits recall recession-era anxiety about plunging […]
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Nasdaq and S&P 500 at new record on strong tech profits

The Nasdaq and S&P 500 closed at new record highs after US tech firms reported strong first quarter profits. The index rose 36.02 points to close at 5,092.08. It ended Thursday at a record high, surpassing a level it last reached in 2000 at the height of the dot-com bubble. The S&P 500 index gained 4.76 points to 2,117.69, a new […]
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