NEW YORK— The Associated Press' earnings rose 30 percent last year on a large tax gain and cost cutting. The benefit is the main reason the AP earned $183.6 million last year, up from $140.9 million in the previous year. The 2014 profit was boosted by a $128 million gain from the sale of AP's stake in Stats LLC and other investments.
Warren Buffett's Berkshire Hathaway has increased its bet on General Motors, adding 10 million shares in the last three months of last year. The total stake is now worth $694 million.
Warren Buffett's Berkshire Hathaway has eliminated almost all of its stakes in Johnson & Johnson and General Electric.
Oct 10- Lee Enterprises Inc:. *Lee Enterprises is a year ahead of schedule in reducing debt. *Says repaid more than $60 million of debt in its fiscal year ended September.
ESCONDIDO, Calif.-- The North County Times reports that it is laying off one-third of its staff, including 24 in the newsroom. Hotelier Doug Manchester bought the North County Times for $12 million from Lee Enterprises Inc., less than a year after buying U-T San Diego.
SAN DIEGO-- The owner of U-T San Diego says it has completed its purchase of the region's second-largest newspaper, the North County Times. San Diego hotelier Doug Manchester's MLIM Holdings said Monday that there will be an unspecified number of layoffs at the North County Times, which covers northern San Diego County.
Take a look at some of Wednesday’s morning movers:
A newly revealed portfolio stake is tiny by Berkshire standards, but the interesting part is Buffett's company had wanted to keep the holding a secret.
Check out which companies are making headlines after the bell Tuesday:
The pace of corporate layoffs picked up sharply in January 2009, reflecting the worsening US recession.
More companies announced layoffs this week as the employment picture continued to dim. News Corp. became the latest victim of the weakening economy, announcing it is planning on cutting jobs after reporting a quarterly loss on Thursday.
More companies announced layoffs this week as the employment picture continued to dim. GlaxoSmithKline and Tiffany & Co. on Thursday became the latest victims of the weakening economy, each cutting an undisclosed number of jobs.
More companies announced layoffs this week as the employment picture continued to dim. Clorox, Time Warner Cable and Fidelity National Financial were among the latest names on Wednesday to announce job cuts.
Another day, another round of corporate layoffs. Liz Claiborne and PNC Financial Services became the latest companies to announce job cuts on Tuesday
A major US retailer announced job cuts Monday amid worries about the fate of the stimulus plan, while a big Wall Street firm has further job cuts in store, according to reports.
A major US retailer announced job cuts Monday amid worries about the fate of the stimulus plan and the economy.
More companies announced layoffs on Thursday as the employment picture continued to dim.
More companies announced layoffs on Tuesday as the employment picture continued to dim.
Another round of layoffs was announced by big-name companies Monday, adding to the gloom over rising unemployment.
More companies announced layoffs as the employment picture continued to dim.