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Economy

Starwood rides economic recover to strong 1Q

STAMFORD, Conn. (AP) — Starwood's first-quarter net income declined 36 percent compared with last year when it booked some big asset sales, but it easily beat Wall Street expectations for profit and revenue. (...)

Correction: Earns-Discover Financial story

LOS ANGELES (AP) — In a story April 22 about Discover Financial earnings, The Associated Press reported erroneously that the company plans to launch a direct checking service next year. The service is planned for this year. The error was left in the story due to a technical glitch. (...)

China, US data keep a lid on global stocks

LONDON (AP) — Lackluster economic data out of China and the U.S. offset a string of positive developments in Europe to keep a lid on global stock markets on Wednesday following a strong run, particularly on Wall Street. (...)

Reynolds American 1Q profit falls more than 28 pct

RICHMOND, Va. (AP) — Reynolds American Inc.'s first-quarter profit fell more than 28 percent as the company sold fewer cigarettes and spent more on expanding its electronic cigarette brand and legal costs. (...)

Discover Financial's profit declines 6 pct. in 1Q

LOS ANGELES (AP) — Discover Financial Services' net income fell 6 percent in the first three months of the year as the company set aside more money to cover potential loan losses, offsetting loan growth. (...)

Skechers and KB Home are big market movers

NEW YORK (AP) — Stocks that moved substantially or traded heavily Wednesday on the New York Stock Exchange and the Nasdaq Stock Market: (...)

Business Markets

US stocks fluctuate on mixed earnings reports

NEW YORK (AP) — Mixed earnings from a large number of U.S. companies had stocks moving between modest gains and losses Thursday, despite strong results from a handful of names including Apple and Caterpillar. 3M was among those whose results disappointed investors. (...)

Skechers and KB Home are big market movers

NEW YORK (AP) — Stocks that moved substantially or traded heavily Wednesday on the New York Stock Exchange and the Nasdaq Stock Market: (...)

A stock rally falters as US earnings disappoint

NEW YORK (AP) — The stock market is slightly lower after a six-day advance as several U.S. companies report disappointing earnings. (...)

How the Dow Jones industrial average fared Tuesday

The stock market logged its sixth straight day of gains on Tuesday. Corporate deals and some respectable earnings reports gave stocks a lift. Netflix and Harley-Davidson both jumped after reporting earnings that beat analysts' expectations. Allergan, which makes Botox, jumped after Valeant Pharmaceuticals and activist investor Bill Ackman disclosed that they are trying to buy the company. (...)

Mixed earnings news leaves stocks little changed

NEW YORK (AP) — Mixed earnings news from big U.S. companies left investors searching for direction in early trading, leaving major indexes little changed. (...)

US stocks edge lower after a six-day rise

NEW YORK (AP) — The stock market slipped Wednesday, after rising for six straight days, as investors worked through another round of quarterly earnings reports from U.S. companies. Intuitive Surgical was among those announcing disappointed results. A worse-than-expected report on the housing market also weighed on the broader market. (...)

Business News

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Sports Headlines

Heat go up 2-0, hold off Bobcats 101-97

MIAMI (AP) — LeBron James drove to the rim as time was winding down, got clobbered by Josh McRoberts and sat on the hardwood gathering himself for a few seconds afterward. (...)

A's reject 10-year Coliseum lease offer

OAKLAND, Calif. (AP) — The Oakland Athletics say they are stopping negotiations to extend their lease at the Coliseum. (...)

Sharks beat Kings 4-3 in OT, take 3-0 series lead

LOS ANGELES (AP) — Patrick Marleau scored on a backhand 6:20 into overtime, and the San Jose Sharks moved to the brink of the second round with a 4-3 victory over the Los Angeles Kings on Tuesday night to take a 3-0 first-round series lead. (...)

Kvitova beaten in 1st major upset at Stuttgart

STUTTGART, Germany (AP) — Alisa Kleybanova defeated third-seeded Petra Kvitova 6-2, 7-6 (3) to provide the first major upset at the Porsche Grand Prix on Wednesday. (...)

NHL Calendar

May 25-31 — NHL combine, Toronto. (...)

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