| Jul 17, 2014
| 2:14 PM
The Waterbury-based parent of Webster Bank posted higher second-quarter profits Thursday, with strong loan growth, especially among business borrowers.
Webster Financial Corp. said net income for the quarter ended June 30 was $45.2 million, or 50 cents a...
| Jul 1, 2014
| 5:00 AM
It was a slow grind, but U.S. stocks posted gains in the second quarter and first half, extending the bull run into a sixth year.
In a surprise, investors also were rewarded for sticking with bonds, as interest rates resumed their decline after...
| Jul 10, 2014
| 8:09 AM
Shares of Chicago-based Potbelly Corp. lost roughly one-fourth of their value in Thursday morning trading, the day after the sandwich chain gave a bleak report on its latest quarter and slashed its expectations for the year.
Some Wall Street analysts...
| Jul 11, 2014
Shares of Potbelly Corp. lost one-fourth of their value Thursday, after the Chicago-based sandwich chain gave a bleak report on its latest quarter and slashed expectations for the year.
Even as Wall Street analysts cut their forecasts, some said they...
| Jul 10, 2014
| 4:40 PM
No. 1 mortgage lender Wells Fargo & Co. kicked off the bank earnings season with a 3.8% increase in profit in a report that sent modestly positive signals about Main Street lending and the housing market.
Wells Fargo had second-quarter net income of $5....
| Jul 18, 2014
While its peers in the northern suburbs and around the pharmaceutical industry have been lining up foreign mergers to help sidestep U.S. taxes, Baxter International said Thursday it has no plans to jump on the bandwagon.
The Deerfield-based health...
| Jul 18, 2014
| 3:13 PM
General Electric Co. reported a 13 percent jump in quarterly net income Friday on improved sales of its jet engines and oil and gas equipment, and said it was targeting the initial public offering of its private-label credit-card business for the end of...
| Jul 22, 2014
| 2:47 AM
NEW YORK/SAN FRANCISCO (Reuters) - Apple, once a can't-miss stock, is finding it tough to persuade portfolio managers to come back into the fold.
The company's shares are up 17 percent for the year, nearly three times the performance of the benchmark...
| May 26, 2014
| 1:57 PM
Memorial Day is in the rear-view mirror, but here's one more thing to remember:
American chief executives make too darn much money.
I'm not saying that you shouldn't reward a person for a job well done. But many CEOs now pull down so much more than...
| May 30, 2014
| 10:30 AM
Sounding bullish on the outlook for the "Divergent" franchise, Lionsgate CEO Jon Feltheimer has forecasted that the second film, "Insurgent," should gross between $350 million to $400 million worldwide.
That would represent an increase of $27% to 40%...
| May 9, 2014
| 8:43 AM
NEW YORK — It might be the hottest question in higher education today: Is a college degree still worth its cost? Despite soaring tuitions, a new study from the Federal Reserve Bank of San Francisco finds, the general answer is yes: The average U.S....
| May 12, 2014
| 2:30 AM
Kiplinger's Personal Finance
Knowing when to cut ties to a stock can be tough, especially in a bull market. One common piece of advice is to sell when the reason you invested in a company is no longer valid. Beyond that, the sell decision depends, in...