Vermont Senator Asks Internet Providers To Not Commit To Fast Lanes

Posted On October 23, 2014

(Washington, DC) -- A U.S. senator from Vermont is asking Internet providers to pledge they won't create "fast lanes" for certain companies. Senate Judiciary Chairman Patrick Leahy Thursday wrote to heads of AT&T, Verizon Communications, Time Warner and Charter Communications pressing them to formally commit to no deals in which content companies would pay Internet…

Mortgage Rates Fall To 16-Month Low

Posted On October 23, 2014

(Washington, DC) -- It's getting cheaper to buy a home. Mortgage rates are running at a 16-month low according to Freddie Mac's latest survey. The standard 30-year fixed rate mortgage fell to three-point-nine-two percent for the week ending October 23rd. Shorter term mortgage rates also fell slightly. Meanwhile, government figures show sales of existing homes…

Under Armour Beats Third Quarter Estimates

Posted On October 23, 2014

(Baltimore, MD) -- Under Armour continues to defy financial analysts' expectations, easily eclipsing third-quarter estimates for sales and profits. The Baltimore-based athletic wear maker posted 938-million-dollars in sales, a 30-percent increase year-over-year. Net income figures hit 89-million for the quarter, a 16-million-dollar increase over the same period in 2013.

Stocks Higher In Morning Trade

Posted On October 23, 2014

(Undated) -- Stocks are higher in late morning trade today. The Dow was up 270 points, the S&P 500 rose 30 points, and the Nasdaq climbed 77 points. Oil is bouncing back from a weak close yesterday and precious metals such as gold and platinum were falling. The markets are climbing despite the Labor Department's…

American Airlines 3Q Profit Jumps 87%

Posted On October 23, 2014

(Forth Worth, TX) -- American Airlines is reporting an 87 percent jump in third quarter income. The world's largest airline posted profits today totaling 942-million dollars for the third quarter. Analysts say falling fuel costs helped to boost American's better-than-expected results. Shares in the Texas-based carrier rose more than one percent today in early trading.