PITTSBURGH (AP) - The PNC Financial Services Group Inc.'s net income rose solidly in the third quarter, boosted by a one-time gain from a sale of Visa shares and higher fees from corporate clients.
The bank's income from interest on loans increased, bucking an industry-wide trend, because
WALTHAM, Mass. (AP) - A123 Systems says a default on some of its debt is likely and it may be heading for bankruptcy protection.
Just two months ago, the electric vehicle battery maker announced a $450 million lifeline from a Chinese company to stay afloat. It is getting a waiver on that debt for
By DANIEL WAGNERAP Business Writer
Vikram Pandit, who steered Citigroup through the 2008 financial crisis and the choppy years that followed, abruptly left the bank on Tuesday, stepping down as CEO and as a director.
The move shocked Wall Street, and Citigroup offered no explanation. There had
By The Associated Press
In a story Oct. 16 on Johnson & Johnson's third-quarter results, The Associated Press reported that J&J would take a $340 million charge for ending testing of the intravenous form of Alzheimer's disease drug bapineuzumab and said that J&J's
By CANDICE CHOIAP Food Industry Writer
NEW YORK (AP) - 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.
The world's biggest
By CHRISTINA REXRODEAP Business Writer
NEW YORK (AP) - Goldman Sachs turned in third-quarter earnings Tuesday that easily beat analysts' estimates, but the bank's mood seemed more cautious than celebratory.
Revenue jumped as the company underwrote more stock and bond offerings, a
By ADAM SCHRECKAssociated Press
BAGHDAD (AP) - Iraq abruptly removed the longtime governor of the country's central bank Tuesday after he and other bank officials were targeted in an investigation into alleged financial wrongdoing.
The governor, Sinan al-Shabibi, is seen as a politically
NEW YORK (AP) - U.S. stock futures rose Tuesday for a second day as the earnings season kicked into high gear, with major players in the health care, banking and consumer industries reporting quarterly results.
Dow Jones industrial futures rose 63 points to 13,422. The broader S&P futures
By SCOTT MAYEROWITZAP Airlines Writer
ABU DHABI, United Arab Emirates (AP) - Airport security needs to undergo a radical overhaul or else passengers will become further disgruntled, lines will grow and terminals will be overwhelmed, airline executives said Tuesday at a global aviation
By TOM MURPHYAP Business Writer
UnitedHealth Group's third-quarter net income jumped 23 percent, and the nation's largest health insurer raised its 2012 earnings forecast for the third time this year.
But company leaders also cautioned against thinking too positively about 2013. They