Business

Profit down at EQT on low gas prices

Even as low natural gas prices continue to eat away at profits and companies idle drilling rigs, EQT Corp. is thinking about how to ramp ...
GNC reports 'unacceptable' drop in profit on slump in vitamin sales
GNC Holdings Inc.'s strategy to boost profits by converting more corporate-owned stores to franchises stumbled in the first quarter as the company reported a big ...
Range Resources swings to loss on low gas prices
Range Resources Corp. swung to a loss during the first quarter as revenue tumbled on persistent low natural gas prices. The Fort Wort-based company that does ...
Abbott to spend $19.3B to buy St. Jude Medical
Abbott Laboratories will spend $19.3 billion to buy St. Jude Medical Inc. in a cash-stock deal that aims to strengthen the medical device maker's stake ...
Comcast buying DreamWorks in $3.55 billion deal
NEW YORK — Comcast is buying DreamWorks Animation, the film company behind the Shrek, Madagascar and Kung Fu Panda franchises, for approximately $3.55 billion, strengthening ...
Buybacks to cost VW $8.8B
FRANKFURT, Germany — Volkswagen said Thursday that it had set aside $8.8 billion to buy back or fix diesel-powered cars that had been rigged to ...
Sell-off dings stock market
NEW YORK — Stocks took their biggest loss in three weeks Thursday during a late sell-off. Apple, which is mired in a slump, fell to ...
House OKs bill blocking broker rules
Republican lawmakers aren't giving up yet in their fight to kill stricter rules for brokers that have been championed by President Obama. In what might prove ...
U.S. GDP growth slowed to 0.5 percent rate in first quarter
WASHINGTON — It was not a great start to the year for the economy. With consumers and businesses turning cautious, the United States struggled to ...
FirstEnergy seeks rate increases for Pa. electric customers
Customers of FirstEnergy Corp.'s Pennsylvania electric utilities can expect to see higher monthly bills next year and more rate requests. The Akron, Ohio-based company said ...
U.S. Steel filing against China shows frustration with oversupply
U.S. Steel Corp.'s move to ask the government to block imported steel highlights the company's growing frustration with global oversupply of the metal and China's ...
Alcoa deal shows 3-D printing coming of age
It took a decade before Alcoa Inc. was ready to take three-dimensional printing technology from the lab to the manufacturing floor. The aluminum maker this month ...
Hilcorp halts fracking at Lawrence County shale site near earthquake
A natural gas company voluntarily halted fracking activity on a Marcellus shale well in Lawrence County this week while state officials investigate a minor, nearby ...
Anthem voices optimism on ACA exchange growth prospects
Health insurer Anthem aims to pull a small profit this year from the Affordable Care Act's public insurance exchanges, and its CEO said Wednesday he's ...
US stocks rise, shaking off tech slump, after Fed stands pat
NEW YORK — Stocks rose Wednesday after the Federal Reserve left its key interest rate unchanged, as investors expected. Energy companies climbed again as the ...
Fed keeps key rate unchanged and provides no timing hints
WASHINGTON — The Federal Reserve kept a key interest rate unchanged Wednesday against the backdrop of a slowdown in U.S. and global growth. The central bank ...
Yahoo reshuffles board in truce with rebellious shareholder
SAN FRANCISCO — Yahoo has reached a truce with an activist investor threatening to oust CEO Marissa Mayer and the rest of its board, removing ...
PPG Corning emerges from bankruptcy after 16 years
Pittsburgh Corning Corp. will move forward from hundreds of thousands of asbestos-related personal injury claims after it emerged from bankruptcy protection Wednesday after 16 years. The ...
U.S. Steel seeks block on Chinese imports
U.S. Steel Corp. is pushing the government to block steel imports from China, alleging producers in that country have engaged in an illegal conspiracy to ...
Toshiba writing down $2.3 billion of the value of Westinghouse
Toshiba Corp. is writing down $2.3 billion of the value of its Cranberry-based nuclear unit Westinghouse Electric Co. — a move analysts anticipated as the ...

A blog by David Conti