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Business News
Altria 2Q profit
RICHMOND, Va. (AP) -- Altria's second-quarter profit beat analysts' estimates, helped by lower costs. The company also boosted its full-year adjusted earnings outlook....
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Orders for durable goods plunged in June
WASHINGTON (AP) -- Orders to U.S. factories for long-lasting manufactured goods fell in June by the largest amount in nearly two years, reflecting a big decline in the volatile category of commercial aircraft. The key category that tracks business investment managed a small gain....
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Coke's sales fall short of expectations on flat volume
ATLANTA (AP) -- Coca-Cola Co. reported disappointing sales for the second quarter on Wednesday and cut its outlook as global volume remained flat from a year ago....
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Long-time Lilly CEO Lechleiter to retire in December
Eli Lilly Chairman and CEO John C. Lechleiter will retire in December after leading the drugmaker through a challenging period in which it lost U.S. patent protection for several top-selling products....
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Boeing reports first quarterly loss in nearly 7 years
NEW YORK (AP) -- Boeing, absorbing billions in write-downs related to two of its newest commercial jets and a military fuel tanker, reported its first quarterly loss in nearly seven years....
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