INDIANA, Pa. _ First Commonwealth Financial Corp. on Wednesday reported second-quarter net income of $13.4 million. The average estimate of four analysts surveyed by Zacks Investment Research was also for earnings of 15 cents per share. First Commonwealth Financial shares have dropped almost 1 percent since the beginning of the year.» Read More
Inflation is low, earnings are high, investors are happy. Results at Mattel, Goldman Sachs, and Johnson& Johnson were all above expectations. Also Tuesday, the Labor Department said consumer prices rose just 0.1 percent last month, not counting food and energy costs.
THE NEWS: Toy maker Mattel said Tuesday that cost cuts and higher revenue from toys including Monster High dolls and Fisher-Price helped send net income up 22 percent in the third quarter. But results indicate that Mattel is outperforming its rivals so far as it heads into the crucial holiday season, when toy makers can earn up to 40 percent of annual revenue.
A source familiar with Super Bowl XLVII told The Associated Press the Grammy-winning diva will take the stage at the halftime show on Feb. 3, 2013, at the Mercedes-Benz Superdome in New Orleans. The 31- year-old sang the national anthem at Super Bowl XXXVIII in 2004 in her hometown of Houston when the New England Patriots defeated the Carolina Panthers.
NEW YORK-- Television ratings for baseball's division series are down from last year. Its two division series broadcasts _ Game 2 of Detroit- Oakland and Game 3 of St. Louis- Washington _ averaged a network-record 1.2 million viewers, whereas two afternoon games on TBS last season averaged nearly twice that. TBS is a unit of Time Warner Inc..
MINNEAPOLIS-- Minnesota Vikings fans expressed strong opinions late Monday about features they want in the team's new stadium, from a retractable roof and more leg room _ to it being shaped like a giant castle.
BOSTON-- The Boston Red Sox are keeping ticket prices unchanged for 2013 after their worst season in nearly 50 years. Individual prices range from $12 for the upper bleachers to $165 for a seat above the Green Monster in left field. The Red Sox went 69-93, missing the playoffs for the third straight year.
SACRAMENTO, Calif.-- The Sacramento Kings will have a new name for their arena. The arena in Sacramento was called Power Balance Pavilion last season but the Kings were looking for a new partner after Power Balance filed for bankruptcy. The Kings' home opener this season is Nov. 5 against the Golden State Warriors.
NEW YORK-- Hall of Famer Bob Knight is selling his championship basketball rings and Olympic gold medal for what he considers a very good reason: the education of his grandchildren.
CHARLESTON, W.Va.-- West Virginia Gov. In September, FEMA approved individual assistance for residents in Fayette, Kanawha, Nicholas and Raleigh counties after Tomblin appealed the agency's initial denial of aid.
FORT WORTH, Texas-- Basic Energy Services, which provides services for oil and gas wells, lowered its third-quarter revenue forecast Tuesday, as some of its September results came in weaker than expected.
The Treasury Department says total foreign holdings rose to a record $5.43 trillion in August. And Japan increased its holdings 0.5 percent to $1.12 billion. Japan now trails China's holdings by just $32.1 billion.
NEW YORK-- The Coca-Cola Co. has a formula for growth in the volatile economic climate: sell more of its drinks in emerging markets and evolve its stable of products at home, where concerns over sugary drinks are intensifying.
RICHMOND, Va.-- Cigarette maker Philip Morris International Inc., which sells Marlboro and other brands abroad, expects a slowdown in the third quarter as it laps large cigarette volume gains last year. Philip Morris International has compensated for consumers buying fewer, or cheaper, cigarettes _ and for the weak economy _ by cutting costs and raising prices.
The Arizona Commerce Authority board's agenda for a closed execution session during its meeting Tuesday includes an update on the search for a new CEO. The quasi-private authority gets $35 million of state funding annually, including $25 million for grants to help attract, expand or retain businesses.
AUGUSTA, Maine-- Maine energy officials say the current statewide average cash price for home heating oil has risen by 5 cents per gallon in the past week. The Governor's Energy Office says this week's average price is $3.75 per gallon, 25 cents higher than it was at the same time last year.
Assemblyman Richard Pan, D- Sacramento, said he is concerned about the number of doctors willing to accept more Medi-Cal clients. State officials estimate that health providers will receive about 15 percent less under Medi-Cal, which is California's version of the federal Medicaid program for the poor.
BEIJING-- People in China are increasingly worried about corruption, inequality and food safety, according to a survey released Tuesday that also found that about half of Chinese like American ideas about democracy.