SEATTLE -- Microsoft reported a jump in quarterly earnings on Thursday, reflecting continued progress in the company's shift toward web-based business software.
Revenue during the three months that ended March 31 was up 8 percent from a year earlier, and net income surged 28 percent, as the company boosted sales of its profitable package of on-...Read more
FORT WORTH, Texas -- Southwest Airlines said it will stop overbooking flights sometime in the next quarter, partly in response to the United Airlines dragging incident two weeks ago.
Chief Executive Officer Gary Kelly said the Dallas-based airline hasn't been overbooking much recently because more customers have been showing up for their ...Read more
SEATTLE -- Starbucks shares were down 3 percent in after-hours trading Thursday following second-quarter earnings that showed flat same-store sales growth in the U.S. and revenue that didn't meet Wall Street expectations.
For the quarter that ended April 2, sales growth at stores open at least a year was 3 percent both globally and in the U.S. ...Read more
BALTIMORE -- After years of rapid growth, Under Armour has no plans this year to jump into new businesses or look for new U.S. retail partners to sell its products. Instead, this is a year to step back and reset.
That message, delivered Thursday by Under Armour CEO Kevin Plank, came as the Baltimore-based brand announced its first quarterly ...Read more
CHICAGO -- United Airlines has reached a settlement agreement with the passenger who was bloodied and dragged down the aisle of a plane after refusing to give up his seat, attorneys for the passenger said Thursday.
Dr. David Dao, 69, of Elizabethtown, Ky., suffered a concussion, broken nose and sinus injury during the April 9 incident on a ...Read more
NBCUniversal Chief Executive Steve Burke waded into the delicate topic of a looming writers' strike Thursday.
The Writers Guild of America has received a strike authorization vote from members who are just days from a possible walkout that would disrupt TV and film productions nationwide. That prospect has raised concern on Wall Street about ...Read more
FORT WORTH, Texas -- American Airlines said Thursday its first quarter profits dropped 66 percent as the carrier paid significantly more for jet fuel.
The Fort Worth-based carrier said net income declined to $234 million as revenues grew 2 percent to $9.6 billion. The company paid $1.70 per gallon of jet fuel, up 40 percent from the first ...Read more
DETROIT -- Ford's first-quarter profits sank to $1.6 billion, a 35 percent drop compared to the same period a year ago, as higher costs for warranties, recalls and materials -- not to mention falling industry sales in the U.S. -- eroded profits.
During the first quarter last year, the Dearborn, Mich., automaker earned a profit of $2.4 billion, ...Read more
WASHINGTON -- What President Donald Trump giveth to the economy with massive tax cuts, Federal Reserve Chair Janet Yellen may be tempted to taketh away with higher interest rates.
With the economy already near maximum employment, the central bank is inclined to use tighter credit to keep the economy from overheating as taxes are reduced and ...Read more
WASHINGTON -- Hours after his White House sounded a diplomatic tone about the United States' future in a North American free trade pact, President Donald Trump issued a threat to Canada and Mexico.
While Trump thinks a new deal on the North American Free Trade Agreement is "very possible," he tweeted Thursday that if a fair deal cannot be ...Read more
One of the biggest upsides to purchasing a house with a home equity conversion mortgage is that doing so does not impose a monthly payment burden on the borrower. The disadvantage is that this type of reverse mortgage, offered through the Federal Housing Administration, will cover only about 50-60 percent of the house price, depending on the ...Read more
Renters, what's keeping you from making the leap to buying a house?
Would that reason be the same if you lived in the New York area? How about a place as expensive as San Francisco, or more affordable like Detroit?
According to a first-ever study sponsored by Zillow and conducted by market researcher Ipsos, no matter where renters live across ...Read more
Q: What do we need to consider if we sell our home to a close relative? Specifically, are there any tax ramifications or other potential issues if we want to help our family member by selling for significantly below market value?
A: You can sell your property at a discount and offer favorable terms, but get all that in a written ...Read more
WASHINGTON -- The White House announced a broad tax overhaul plan on Wednesday that would dramatically cut taxes for corporations, but it did not explain how the government would pay for the massive tax reductions.
Treasury Secretary Steven Mnuchin and chief economic adviser Gary Cohn billed Wednesday's announcement as a starting point for ...Read more
WASHINGTON -- The nation's top telecommunications regulator on Wednesday unveiled a plan to dismantle the tough net neutrality rules for online traffic that Democrats pushed through in 2015 over the objections of major internet service providers.
Net neutrality regulations are designed to ensure the unfettered flow of online content. They ...Read more
WASHINGTON -- President Donald Trump wants to sharply reduce the tax rate for all businesses -- from multinational corporations to mom-and-pop shops -- to 15 percent in the "biggest tax cut" in U.S. history, Treasury Secretary Steven T. Mnuchin said Wednesday.
But the Trump administration has not embraced a House Republican proposal to include ...Read more
SAN FRANCISCO -- Twitter on Wednesday reported its first revenue decline since going public in 2013, a sign the tech firm still faces an uphill battle to attract advertisers even as it lures in more users.
Twitter executives, pointing to the company's bump in users, said it's making progress.
"This past quarter is giving us a lot of confidence...Read more
DETROIT -- Fiat Chrysler Automobiles said Wednesday it earned a profit of $698.2 million (641 million euro) during the first quarter, a 34 percent gain compared with the same period a year ago, driven primarily by profits in Europe and gains by its Maserati brand.
The earnings are a record best for the company, which was formed from the merger ...Read more
LOS ANGELES -- Ready or not, Hollywood may be thrust into another writers' strike in less than a week.
A decade after the previous walkout that lasted 100 days, film and TV executives are once again bracing for a strike that could roil the business and Los Angeles' bedrock entertainment industry. The ripple effect of a walkout is expected to ...Read more
CHICAGO -- Starbucks plans to open a four-level Roastery flagship on Chicago's Michigan Avenue, its largest space yet for the high-end concept that the coffee giant is rolling out around the world.
Executive Chairman Howard Schultz said the company plans to bring its Starbucks Reserve Roastery showplace to the current Crate & Barrel building at...Read more
- The Mortgage Professor: Purchasing a house with a home equity conversion mortgage: How to do it right
- Dragged passenger reaches settlement with United Airlines
- On the House: Down payment is renters' biggest hurdle, study finds
- Yellen may see inflation risk in deficit-busting Trump tax cuts
- Real estate Q&A: Sell your home to a relative on favorable terms, but put it in writing