ON AIR NOW

Coast to Coast

9:00pm - 12:00am

Contact
Business News


Inflation at the consumer level rose 0.2% in March, lower than expected.  For the last 12 months we have deflation of 0.1%. (Bloomberg)

General Electric posted an enormous overall loss resulting from its recently-announced sale of its finance subsidiary. Costs associated with the sale pushed the company to an overall loss of $13.57 billion in the quarter, down from a profit of $3 billion during last year's first quarter. (Associated Press)

American Express, the world's largest credit card issuer, reported a 6.3% rise in quarterly profit, helped by higher spending by card holders and an increase in net interest income. Profits rose to $1.51 billion for the first quarter. (Reuters)

Oil technology and equipment provider Schlumberger cut an additional 11,000 jobs, which brings the total number of cuts to 20,000. The company reported first-quarter revenue of $10.25 billion, down 9% percent year-over-year. (CNBC)

Mattel reported its sixth straight fall in quarterly worldwide sales as it focuses on turning around its business and launching toys to make up for plunging demand for its Barbie dolls. The toymaker's net sales fell about 2.5% to $922.7 million. Their net loss widened to $58.2 million (Reuters)
 

Hide Comments

News
Traffic

 

 

  • Purcell Bridge traffic with lane closures, complete closures at times (10/18-5/1)

 

KBND ON FACEBOOK
 
FOLLOW US ON TWITTER