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Jump in housing starts, earnings send stocks up

  The latest signs of a rebound in the housing market and a handful of better earnings reports were enough to bring buyers back to the stock market Wednesday.   The Dow Jones industrial average rose 69 points to 12,874 in the first 1 ½ hours of trading, overcoming an early deficit of 50 points.… Continue Reading Jump in housing starts, earnings send stocks up

Bumpy earnings season ahead for banks

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You can usually tell a lot about the health of the U.S. economy by looking at the financial results of banks. They’re the people who finance new factories, plant expansions and fatter payrolls. But don’t count on that over the next two weeks, when banks report their results from the last three months of the… Continue Reading Bumpy earnings season ahead for banks

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UnitedHealth Group Inc., the largest insurer in the state of Colorado, said Tuesday its second-quarter earnings rose 13 percent, as enrollment gains helped fuel revenue growth and consumers continued to moderate their health care system use. The Minnetonka, Minn., insurer also hiked its 2011 profit forecast by 20 cents per share after raising it in… Continue Reading UnitedHealth’s 2Q profit climbs 13 percent

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After a couple of years of revenue losses and trouble with the federal government, Colorado Springs-based Spectranetics says it’s on its way to returning to profits and growth. The medical laser manufacturer lost $154,000 in the first quarter of the year, that’s more than 80 percent less than the $958,000 lost just a year earlier.… Continue Reading Spectranetics: First quarter loss 80 percent lower than 2010

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UnitedHealth beats expectations

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UnitedHealth Group, the largest insurer in Colorado, beat analyst expectations in its first-quarter earnings. Its net profit rose $1.19 billion or $1.03 a share, up from $984 million or 81 cents a share, at the same point a year ago. Total revenue rose to $23.2 billion, from $22 billion last year. The company attributed its growth… Continue Reading UnitedHealth beats expectations

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More people living paycheck to paycheck

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Living paycheck to paycheck is apparently becoming more common in the United States.

A CareerBuilder survey reported 61 percent of respondents saying they are “just getting by.”
Continue Reading More people living paycheck to paycheck

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