WTVY  | Dothan, AL  | News, Weather, Sports

Business Headlines

More Business Headlines

Business News

  • Futures flat after six straight days of gains

    Traders work on the floor of the New York Stock ExchangeBy Ryan Vlastelica NEW YORK (Reuters) - U.S. stock index futures were flat on Wednesday as investors found few reasons to keep buying following six straight days of gains on both the S&P 500 and Nasdaq. According to Thomson Reuters data, profits are seen rising 1.1 percent this quarter, down from the 6.5 percent growth rate estimated at the start of the year. * Gilead Sciences Inc rose 3.8 percent to $75.60 in heavy premarket trading a day after the drugmaker reported a sharp increase in its quarterly profit, helped by sales of its hepatitis C drug. Gilead's results, like those of Netflix Inc , showed there was still room to grow in high-flying names that recently plunged on signs of excessive valuation.


  • Boeing posts higher adjusted profit, lifts 2014 forecast

    A 787 Dreamliner being built for India Air is pictured at South Carolina Boeing final assembly building in North Charleston(Reuters) - Rising jet production helped Boeing Co post a 14 percent rise in adjusted net profit in the first quarter, beating estimates, and the company notched up its full-year forecast. On a non-adjusted basis, however, Boeing's profit slid 13 percent to $965 million, or $1.28 per share, down from $1.11 billion, or $1.44 per share, a year earlier, the company reported on Wednesday. Core earnings, which exclude some pension and other costs, rose to $1.76 per share from $1.73 a year ago. The increase reflects a tax settlement gain to be taken in the second quarter, and Boeing left 2014 forecasts for revenue, operating cash flow and deliveries unchanged.


  • Chinese factories stalling as euro zone business picks up

    Employees work on the production line of a wine bottle cap factory in Ganyu countyBy Jonathan Cable and Kevin Yao LONDON/BEIJING (Reuters) - Chinese factory activity shrank for the fourth straight month in April but private businesses across the euro zone enjoyed their best month in nearly three years, surveys showed on Wednesday. Within the euro zone, Germany - Europe's largest economy - saw activity accelerate whereas in France, the bloc's second biggest, momentum waned. "Given the problems the euro zone faces, to get even a modest rate of positive growth this year is a good sign. But there is an increasing concern that two of the larger economies - Italy and France - are struggling to gain any traction," said Peter Dixon at Commerzbank.


  • U.S. mortgage applications fell last week: MBA

    Homes are seen for sale in the northwest area of Portland, Oregon March 20, 2014. REUTERS/Steve DipaolaNEW YORK (Reuters) - Applications for U.S. home mortgages fell last week as both purchase and refinancing applications slipped, an industry group said on Wednesday. The Mortgage Bankers Association said its seasonally adjusted index of mortgage application activity, which includes both refinancing and home purchase demand, declined 3.3 percent in the week ended April 18. The MBA's seasonally adjusted index of refinancing applications fell 3.7 percent, while the gauge of loan requests for home purchases, a leading indicator of home sales, fell 2.6 percent. ...


  • Valeant CEO 'disappointed' in Allergan poison pill: CNBC

    A sample of Botox is seen at the Long Island Plastic Surgical Group at the Americana Manhasset luxury shopping destination in Manhasset(Reuters) - The chief executive officer of Valeant Pharmaceuticals, which made a $47 billion unsolicited offer for competitor Allergan Inc. on Tuesday, said during an interview on CNBC that he was "disappointed" with Allergan's so-called poison pill. Allergan on Tuesday night said that its board of directors had adopted a one-year stockholder rights plan to give it more time to consider takeover proposals. The Valeant offer was made with Pershing Square Capital Management hedge fund, which built up a stake in the company. ...


WTVY-TV 285 N Foster Street Dothan, AL 36303 334-792-3195
Gray Television, Inc. - Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability