Financial
United Airlines posts 4Q profit of $140 million PDF  | Print |  E-mail
Written by JOSHUA FREED, AP Airlines Writer   
Thursday, 23 January 2014 10:35

The parent of United Airlines said Thursday that it earned $140 million in the fourth quarter, as more passengers flew and paid more for their tickets. The airline's fuel bill also shrank.

Net income at United Continental Holdings Inc. was $140 million, or 37 cents per share. A year earlier it lost $620 million, or $1.87 per share.

Not counting special charges, United would have earned 78 cents per share — well above the 66 cents expected by analysts surveyed by FactSet.

Revenue rose more than 7 percent to $9.33 billion, also higher than analysts had expected.

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M&M's teaser ad part of Super Bowl trend PDF  | Print |  E-mail
Written by MAE ANDERSON, AP Business Writer   
Thursday, 23 January 2014 07:39

NEW YORK (AP) — Is Yellow ready for its close-up?

M&M's will feature its yellow peanut M&M "spokescandy" in its Super Bowl ad this year. The Mars Inc. brand has released a pre-Super Bowl teaser ad online that shows the character dancing in a headband before being shot by a tranquilizer dart and dragged off camera.

"Find out what happens to Yellow," a hand-written card reads.

The teaser is part of a Super Bowl ad trend: More content is being released ahead of time online in the hope that it goes viral. Advertisers are seeking to drum up excitement for their spots running during the big game, when more than 108 million people are expected to watching Feb. 2.

They're also hoping to get more bang for their buck: A 30-second Super Bowl ad costs about $4 million.

M&M's says the online teaser ad is a first for the company.

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Fifth Third 4Q earnings edge lower PDF  | Print |  E-mail
Written by Associated Press   
Thursday, 23 January 2014 08:47

CINCINNATI (AP) — Fifth Third Bancorp says its fourth-quarter net income fell 2 percent on lower income from fees and investments and expenses to set aside money for a litigation reserve.

The Cincinnati-based company says net income fell to $383 million, or 43 cents per share, for the three months ended Dec. 31. That is down slightly from earnings of $390 million, or 43 cents per share, a year ago.

The results edged out analysts' average forecast for 42 cents per share, according to data provider FactSet.

Earnings from deposits and loans, or net interest income, rose slightly to $905 million. Earnings from fees and other charges, or noninterest income, fell 20 percent to $703 million.

Fifth Third operates more than 1,300 banking centers in 12 states.


Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

 
Toyota world's top selling car maker for second year PDF  | Print |  E-mail
Written by YURI KAGEYAMA, AP Business Writer   
Thursday, 23 January 2014 07:37

TOKYO (AP) — Toyota remained the top-selling automaker for a second year in a row, beating U.S. rival General Motors by some 270,000 vehicles in 2013, and set an ambitious target to sell more than 10 million vehicles this year.

That would mark a milestone as no automaker has ever topped annual worldwide sales of 10 million.

Toyota Motor Corp. said Thursday it sold a record 9.98 million vehicles worldwide last year, up 2 percent from the previous year.

The Japanese automaker has made an impressive comeback from an earthquake and tsunami that devastated northeastern Japan in 2011, damaging auto suppliers and hobbling production.

Toyota also outlined plans to sell 10.32 million vehicles and produce 10.43 million vehicles in 2014.

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