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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Jan 24, 2015
Page
15
Rockwell Collins reports net income of 167 million dollars or 1.26 per share for the quarter ended December 31, up 29 percent from the prior year. Sales rose 16 percent to 1.23 billion as commercial systems and information management gained while government systems declined.
The Pittsburgh Post Gazette notes 18.7 percent of Americans over 65 were employed or seeking work in 2013, the highest since 1962, as retirement benefits fade and lifespans lengthen. It highlights veteran attorneys like Paul Singer and Fred Colen adapting to computers, and recalls Elizabeth Behrend a 90 year old chemist who after a serious accident returns to her law firm two days a week with friends in a nursing home for company.
UPS says fourth quarter earnings miss expectations due to weak holiday demand and higher costs. CEO David Abney pledges cost cuts and new pricing for peak season while 2015 EPS growth may trail its 9 to 13 percent target. rival FedEx unchanged.
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