AKRON, Ohio The Goodyear Tire & Rubber Co. on Friday reported a first quarter loss of $61 million, after reporting a profit in the same period a year earlier. On a per-share basis, the Akron, Ohio-based company said it had a loss of 26 cents. Earnings, adjusted for non-recurring costs,[…]Read more! Click here!
SOMERSET, Mass. Two 500-foot cooling towers at a closed Massachusetts power plant that was long considered one of the dirtiest in the region are being demolished this weekend. The towers at Brayton Point Power Station in Somerset along Mount Hope Bay are scheduled to come down at 8 a.m. Saturday.[…]Read more! Click here!
LONDON For two friends with checkered pasts it was the luck of a lifetime: a 4 million-pound ($5.2 million) lottery win. But Mark Goodram and Jon-Ross Watson may see their celebrations cut short. The Sun newspaper reports that Britain’s National Lottery is withholding the payout as it investigates whether the[…]Read more! Click here!
BRUSSELS Thousands of trade union members are protesting outside European Union headquarters to demand better working conditions and protections for employees after next month’s EU-wide elections. Union delegates from across many of the bloc’s 28 nation gathered Friday in the peaceful march in Brussels. They say current EU rules favor[…]Read more! Click here!
FORT LAUDERDALE, Fla. AutoNation Inc. on Friday reported first quarter earnings of $92 million. On a per-share basis, the Fort Lauderdale, Florida-based company said it had net income of $1.01. Earnings, adjusted for restructuring costs and to account for discontinued operations, came to $1.05 per share. The results exceeded Wall[…]Read more! Click here!
MOSCOW Separatist officials in rebel-held eastern Ukraine say a methane blast at a coal mine has killed at least four people and 13 others are believed to be missing. The Luhansk Information Center on Friday quoted emergency responders as saying that four bodies have been recovered from the mine in[…]Read more! Click here!
LONDON Anglo-Swedish drugmaker AstraZeneca says first quarter earnings jumped 74%, buoyed by emerging markets and the success of new cancer treatments. AstraZeneca said Friday that net income rose to $593 million from $340 million in the same period last year. Product sales increased 5.5% to $16.39 billion, driven by new[…]Read more! Click here!
LONDON German carmaker Daimler endured a weak start to the year, echoing trouble at other major manufacturers, as a global economic slowdown weighed on sales, particularly in the big Chinese market. The company said Friday that vehicle sales fell 4% to 773,800 units, with demand for its signature Mercedes-Benz luxury[…]Read more! Click here!
WASHINGTON U.S. Sen. Joe Manchin says more than $4 million is coming to a West Virginia county to improve its aging water treatment infrastructure. The West Virginia Democrat on Thursday announced the funding for Grantsville, which has the majority of residents in Calhoun County. He says a $1 million grant[…]Read more! Click here!
LONDON Royal Bank of Scotland says first-quarter earnings fell 12.5% as economic uncertainty linked to Brexit curtailed lending. Net income dropped to 707 million pounds ($912 million) from 808 million pounds in the same period last year as businesses delayed borrowing decisions. Britain’s government owns 62.4% of RBS following a[…]Read more! Click here!