AOL shares tumble on weak 1Q results

NEW YORK — AOL Inc. said Wednesday that its first-quarter net income jumped 23 percent, helped by an increase in global advertising revenue. But its adjusted earnings fell short of Wall Street predictions and AOL shares slumped more than 9 percent in...

00.32 | 0 komentar | Read More

Freddie Mac posts $4.6B net income for Q1

WASHINGTON — Mortgage giant Freddie Mac earned $4.6 billion from January through March, helped by a stronger housing market. The government-controlled company has turned a profit in the past six quarters. Freddie said Wednesday that it will pay a dividend...

00.32 | 0 komentar | Read More

Ferrari to limit sales to boost brand exclusivity

MARANELLO, Italy — Ferrari will limit sales of its high-performance street cars this year to protect the brand's aura of exclusivity, Chairman Luca Montezemolo said Wednesday. Wealthy people around the world are snapping up Ferrari's and the company...

00.32 | 0 komentar | Read More

Some hospitals charge vastly more for same care

WASHINGTON — Hospitals within the same city sometimes charge tens of thousands of dollars more for the same procedures, according to figures the government released for the first time Wednesday. The federal list sheds new light on the mystery of just...

00.32 | 0 komentar | Read More

Coke takes anti-obesity campaign global

NEW YORK — Coca-Cola says it will make lower-calorie options and clear calorie labeling more widely available around the world, intensifying a push against critics who say its drinks pack on the pounds. The Atlanta-based company, which makes Sprite,...

00.32 | 0 komentar | Read More

McDonald's sales hit by weakness in Asia, Europe

NEW YORK — McDonald's says a key sales figure slipped again in April, with the world's biggest hamburger chain citing fears over a new strain of avian flu for weakness in China. The Oak Brook, Ill.-based chain, which had warned of a decline last month,...

00.32 | 0 komentar | Read More

Late-payment rate on mortgages tumbled in 1Q

LOS ANGELES — A resurgent housing market, rising home values and steady job gains are helping more U.S. homeowners stay on top of their mortgage payments. The percentage of mortgage holders at least two months behind on their payments fell by 21 percent...

00.32 | 0 komentar | Read More

UK gov't agenda focuses on immigration, economy

LONDON — The message was one of thrift and austerity, but the messenger was opulence incarnate. Britain's Conservative-led government on Wednesday announced a modest program of legislation to tighten immigration rules, curb welfare expenses, encourage...

00.32 | 0 komentar | Read More

Incoming WTO director seeks 'negotiating pillar'

GENEVA — The incoming head of the World Trade Organization says his first priority will be to try to rescue its credibility as a forum for trade negotiations. Brazilian Ambassador Roberto Azevedo told a packed room of reporters at Brazil's WTO mission...

00.32 | 0 komentar | Read More

Warren bill would ease student loan interest rates

BOSTON — U.S. Sen. Elizabeth Warren is calling on Congress to stop student loan interest rates from doubling this summer. The Massachusetts Democrat introduced a bill Tuesday which would let students pay the same interest rate on their government loans...

00.32 | 0 komentar | Read More