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  • Matson is also agreeing to cease its molasses operation in Hawaii and pay for removal of its molasses tanks and any remaining molasses, Chin said. The company will pay $5.9 million to the state, and the costs related to ending the molasses operation are estimated between $5.5 million and $9.5 million, which would put the total settlement amount between $11.4...

  • SEOUL, South Korea— Samsung Electronics suffered a fifth straight drop in quarterly earnings as the Galaxy S6 failed to reverse its declining fortunes in global smartphone sales. Samsung's April-June net income was 5.8 trillion won, down 8 percent from 6.3 trillion won a year earlier. Sales fell 7 percent over a year earlier to 48.5 trillion won while operating...

  • LAHAINA, Hawaii, July 29- Pacific trading partners are deadlocked over intellectual property protections, including monopoly periods for next-generation drugs, Japanese Economy Minister Akira Amari said on Wednesday. People briefed on the TPP talks saw signs of progress on other sticky issues, such as Canada's dairy market, as farmers kept up pressure for...

  • BEIJING, July 30- Baidu Inc, China's biggest internet search engine company, said on Thursday it will buy back shares worth $1 billion after the company's stock price slid following a weak earnings report earlier this week. The repurchases will take place over the next 12 months and be funded from the company's existing cash balance, New York- listed Baidu said in a...

  • *Second-quarter GDP forecast to rise at 2.6 percent rate. WASHINGTON, July 30- U.S. economic growth likely accelerated in the second quarter as a pick-up in consumer spending and housing offset the drag from trade and the energy sector, suggesting a steady momentum that could bring the Federal Reserve closer to hiking interest rates this year.

  • WASHINGTON— Air safety investigators have a "high degree of confidence" that aircraft debris found in the Indian Ocean is of a wing component unique to the Boeing 777, the same model as the Malaysia Airlines plane that disappeared last year, a U.S. official said Wednesday. Air safety investigators— one of them a Boeing investigator— have identified the component...

  • But there are signs of slowing momentum around New York, Los Angeles and Washington. Rents continue to jump at double-digit rates in Denver, San Francisco and San Jose, California. Median prices slipped month over month in the New York metro area by $15 to $2,340, while also dropping slightly in Washington and flat-lining in Los Angeles.

  • WASHINGTON— Expectations have grown that sometime this year, the Federal Reserve will raise interest rates from record lows. The only question seems to be when. Many analysts foresee the first hike in September, though Fed Chair Janet Yellen has stressed that any increase will be driven by the latest economic data.

  • MANILA, July 30- Gold dipped towards its weakest level since early 2010 on Thursday after the Federal Reserve said the U.S. economy continues to strengthen, supporting a potential interest rate rise when the Fed meets again in September. It sank to as low as $1,077 last week, its weakest since February 2010, after a selloff in New York and Shanghai and has since...

  • Countries involved in the Trans-Pacific Partnership free trade talks are considering a U.S. proposal for finance ministers to discuss currency questions, Australian Trade Minister Andrew Robb said on Tuesday. The move falls short of demands from U.S. lawmakers for tough rules against currency cheating, including from Levin, whose state of Michigan is home...

  • CHICAGO, July 29- Chicago Mayor Rahm Emanuel on Wednesday proposed more than $2.5 billion of bond sales even as the city faces big budget deficits and the possibility that its already-low credit ratings could fall further. Under ordinances proposed to the city council, Chicago would sell up to $2 billion of senior lien general airport revenue bonds with $1.7...

  • SINGAPORE, July 30- Chicago soybeans gained more ground on Thursday, rising 2.4 percent in three consecutive sessions on concerns over a smaller planted area and ahead of the crop's key phase of development. Corn edged higher after dropping 1.9 percent on Wednesday as forecasts of favorable weather boosted hopes of near record yields, while wheat rose,...

  • MANILA, July 30- Gold hovered not far from a 5-1/ 2- year low early on Thursday after the Federal Reserve said the U.S. economy and job market continue to strengthen, supporting a possibile interest rate rise when the Fed meets again in September. *Spot gold was flat at $1,096.75 an ounce by 0036 GMT. It sank to as low as $1,077 last week, its weakest since February 2010,...

  • SEOUL, South Korea— Samsung Electronics suffered a fifth straight drop in quarterly earnings as the Galaxy S6 failed to reverse its declining fortunes in global smartphone sales. Samsung's April-June net income was 5.8 trillion won, down 8 percent from 6.3 trillion won a year earlier. Sales fell 7 percent over a year earlier to 48.5 trillion won while operating...

  • CARMEL, Ind. _ CNO Financial Group Inc. on Wednesday reported second-quarter net income of $46.8 million. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 34 cents per share. This story was generated by Automated Insights using data from Zacks Investment Research.

  • ANN ARBOR, Mich. _ Con-way Inc. on Wednesday reported second-quarter profit of $44 million. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of 80 cents per share. Con-way shares have decreased 21 percent since the beginning of the year.

  • SUNNYVALE, Calif. _ Ruckus Wireless Inc. on Wednesday reported second-quarter net income of $759,000. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of 8 cents per share. Ruckus Wireless shares have dropped 14 percent since the beginning of the year.

  • Matson is also agreeing to cease its molasses operation in Hawaii and pay for removal of its molasses tanks and any remaining molasses, Chin said. The company will pay $5.9 million to the state, and the costs related to ending the molasses operation are estimated between $5.5 million and $9.5 million, which would put the total settlement amount between $11.4...

  • DENVER _ Antero Midstream Partners LP on Wednesday reported second-quarter profit of $19.5 million. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 11 cents per share. Antero Midstream Partners shares have risen almost 3 percent since the beginning of the year.

  • WINDSOR, Conn. _ SS&C Technologies Holdings Inc. on Wednesday reported second-quarter net income of $39.1 million. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 64 cents per share. SS&C Technologies shares have risen 13 percent since the beginning of the year.