SEOUL, South Korea— Samsung Electronics Co. says its third-quarter operating profit surged by 80 percent over a year earlier. In an announcement that beat analysts' expectations, the South Korean smartphone maker said Wednesday that its operating profit for the July-September quarter was 7.3 trillion won. Its operating profit has gained from quarter to...» Read More
SANTA FE, N.M.-- New Mexico's Court of Appeals has ruled against a group of current and former Hobbs residents who sued an oil company because of illnesses and other damages. The court on Tuesday upheld a Lea County District Court decision not to grant a new trial in the case against Shell Oil Co. and Shell Western Exploration and Production Inc..
BERLIN-- Sportswear maker Adidas AG says it's looking into the possibility of setting up an industry fund to help workers in poor countries who are left with no income when suppliers' factories close. Clothing and sportswear companies have faced criticism from labor union groups and others over conditions at suppliers in developing countries.
LONDON-- Financial markets remained subdued Thursday as investors were reluctant to stake out positions ahead of key U.S. jobs data. The monthly U.S. nonfarm payrolls report, due Friday, is the week's main event in the markets following Thursday's monthly policy meeting of the European Central Bank.
PLEASONTON, Calif.-- Ross Stores Inc. on Thursday reported a sales figure that topped Wall Street expectations, and the discount store operator raised its outlook for third-quarter earnings. Earnings per share for the current quarter are now expected to be in the range of 70 cents to 71 cents, up from the previous guidance of 63 cents to 66 cents.
Peter Shumlin has set up an independent commission to review the siting of electric power generating projects including wind farms in Vermont.
SAN MATEO, Calif.-- WageWorks Inc. said Thursday that it will sell an additional 1 million shares of its stock, and company shareholders will sell 5 million shares. WageWorks provides employee spending account benefits programs which went public in May.
WASHINGTON-- Orders to U.S. factories fell in August, mostly because of a sharp drop in volatile aircraft orders. The decline offset an increase in orders that reflect corporate investment plans. The Commerce Department said Thursday that factory orders fell 5.2 percent in August, the biggest drop in more than three years.
NEW YORK-- An encouraging report on the labor market and better sales from Costco and other retail stores helped push the stock market higher Thursday. The Dow Jones industrial average gained 65 points to 13,559 shortly after 11:30 a.m. Bank of America led the 30 stocks in the Dow with a 3 surge, rising 26 cents to $9.37.
DETROIT-- The union for striking Detroit Water and Sewerage Department workers says it will continue the walkout until the city gives amnesty to 34 workers threatened with firing. The union struck Sunday to protest Detroit's plan to downsize the department and eliminate most of the jobs in the department over several years.
The boozy reality TV series about a group of self-proclaimed "guidos" and "guidettes" cohabiting in a run-down Seaside Heights, N.J., party house is winding down as its sixth _ and MTV promises final _ season gets under way almost three years after it debuted and became a pop-cultural situation spawning catchphrases, punch lines, hairdos and tabloid fodder.
BOSTON-- Tax collections in Massachusetts fell short of benchmarks for a third straight month, the state revenue department reported Wednesday, prompting officials to examine whether revenue projections for the current fiscal year should be thrown out.
ATLANTA-- Southern small burger chain Krystal will relocate its headquarters to Atlanta from Chattanooga, Tenn.. The majority of the employees have the option to apply for new positions in the Atlanta office. Atlanta- based Argonne owns a portfolio of restaurants.
HARRISBURG, Pa.-- Certain employers that hire new workers in Pennsylvania would get to keep 95 percent of the state income tax withheld from the workers' paychecks under a bill moving quickly through the state House of Representatives. The bill sponsored by Republican Rep. Kerry Benninghoff was awaiting final action in the chamber Wednesday.
NEW YORK-- "There is an inherent evil to the wondrous technology that we embrace blindly," says J.J. Abrams. It's a loaded observation that seems simultaneously quizzical, thrilled and circumspect. And it hints at the world view of Abrams, the alliteratively initialed writer-director-producer whose latest series, "Revolution," airs Mondays at 10 p.m. EDT on NBC.
PORTLAND, Maine-- Maine State Housing Authority board members said Wednesday that a federal audit that found the agency failed to provide adequate oversight of its low-income housing program is further confirmation for them that the agency was mismanaged and is falling short of its mission.
LOUISVILLE, Ky.-- A federal judge has stopped enforcement of a ruling that would allow Kentucky grocery stores and other outlets to sell booze. District Judge John G. Heyburn II on Wednesday ruled that an appeal by state officials and package liquor stores is unlikely to succeed.
WASHINGTON-- Average U.S. rates on fixed mortgages fell to fresh record lows for the second straight week. The declines have led more homeowners to refinance, a trend that could help jumpstart the economy. Mortgage buyer Freddie Mac said Thursday that the rate on the 30- year loan dropped to 3.36 percent.
ARLINGTON, Ala.-- A small company won a $10 million federal grant to expand wireless service in one of Alabama's most isolated regions, a five-county area west of Montgomery where it's sometimes impossible to make a cellphone call.
SARAJEVO, Bosnia-Herzegovina-- It survived the breakup of the Austrian empire, two world wars, the longest city siege in modern history and a bloody war in the 1990 s that killed 100,000 people. Yet after 124 years, Bosnia's National Museum closed its doors Thursday due to dwindling state funding and disputes among rival ethnic groups.