India's Jet Airways posts record quarterly net profit NEW DELHI, Feb 6- India's Jet Airways Ltd said on Saturday its December quarter net profit rose more than seven times, with sharply lower fuel costs helping the carrier post a third consecutive quarterly gain following a series of losses. Jet, India's second largest carrier by market share, said net profit in the October-December period rose to 4.67 billion...
Pennsylvania lawyer convicted in U.S. of insider trading Herbert Sudfeld, 64, was convicted on charges of securities fraud and making a false statement by a federal jury in Philadelphia following a four-day trial, prosecutors said. The Doylestown, Pennsylvania- resident faces a maximum sentence of 25 years in prison, according to the U.S. Attorney's Office in Philadelphia. Sudfeld was indicted in July on charges that...
| By: Nate Raymond
UPDATE 1-Canadian uranium producer Cameco reports quarterly loss The company reported a net loss of C $10 million, or 3 Canadian cents per share, attributable to shareholders for the fourth quarter ended Dec. 31. Cameco had a profit of C $73 million, or 18 Canadian cents per share, in the year-earlier quarter. The company took an impairment charge of $210 million related to the Rabbit Lake operation in the fourth quarter compared...
Canadian uranium producer Cameco reports quarterly loss The company reported a net loss of C $10 million, or 3 Canadian cents per share, attributable to shareholders for the fourth quarter ended Dec. 31. Cameco had a profit of C $73 million, or 18 Canadian cents per share, in the year-earlier quarter. Excluding items, the company earned 38 Canadian cents per share.
US STOCKS-Technology rout pushes Nasdaq to lowest close since 2014 Feb 5- The Nasdaq Composite that includes large-cap technology names like Alphabet, Microsoft and Facebook led another broad rout on Wall Street Friday, closing at its lowest level since October 2014. LinkedIn Corp dropped 43.6 percent to $108.38 after a weak forecast, and business analytics company Tableau Software lost almost half its value.
| By: Caroline Valetkevitch
UPDATE 2-CFM jet engine backlog hits $180 billion as sales rise Feb 5- Aircraft engine maker CFM International said its backlog hit a record $180 billion last year as sales of fuel-efficient jetliners rose despite low oil prices and weakening economies that have raised concern about an aviation slowdown. CFM, a joint venture of General Electric Co and Safran SA of France, said its backlog rose to 13,400 engines, including...
| By: Alwyn Scott
Tyson Foods, LinkedIn are big market movers NEW YORK- Stocks that moved substantially Friday on the New York Stock Exchange and the Nasdaq stock market:. USG Corp., up $1.93 to $21.04. Tyson Foods Inc., up $5.15 to $57.10.
Source: The Associated Press
Hopeful sign for US economy: Job hunting ticks up WASHINGTON— For most of an agonizingly slow recovery from the Great Recession, millions of out-of-work Americans huddled on the sidelines of the job market. Yet Friday's jobs report added to evidence of a long-awaited shift:. This has created a "tug of war," says Joshua Shapiro, chief U.S. economist at forecasting firm MFR, Inc., between rising retirements and the...
Source: The Associated Press
| By: By CHRISTOPHER S. RUGABER, AP Economics Writer