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    Expeditors International 2Q profit falls 12 pct

    SEATTLE (AP) — Expeditors International of Washington Inc. said Tuesday that its second-quarter net income fell 12 percent on lower demand for shipping services and higher costs stemming from tough economic conditions.

    The Seattle-based global logistics company earned $84 million, or 39 cents per share, for the three months ended June 30, down from $95 million, or 44 cents per share, a year ago. Revenue fell 4.8 percent to $1.5 billion from $1.58 billion.

    The results fell short of Wall Street predictions. Analysts, on average, expected earnings of 43 cents per share on $1.6 billion in revenue, according to a FactSet poll.

    Airfreight volumes fell 10 percent from year-ago levels, while airfreight revenue decreased 15 percent to $638.5 million. Volumes at the company's ocean freight business rose 1 percent and ocean freight revenue rose 6.6 percent to $519 million, the company said.

    Shares of Expeditors fell 50 cents, or 1.4 percent, to $35.54 in afternoon trading. They are near the lower end of their 52-week range of $34.83 to $47.73.

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      May 23 (Infostrada Sports) - Points Classification Giro d'Italia after Stage 18 on Thursday 1. Mark Cavendish (Britain / Omega Pharma - Quick-Step) 113 2. Cadel Evans (Australia / BMC Racing) 109 3. Vincenzo Nibali (Italy / Astana) 103 4. Carlos Betancur (Colombia / AG2R) 94 5. Mauro Santambrogio (Italy / Vini Fantini) 89 6. Giovanni Visconti (Italy / Movistar) 86 7. Rigoberto Uran (Colombia / Team Sky) 86 8. Elia Viviani (Italy / Cannondale) 72 9. Ramunas Navardauskas (Lithuania / Garmin) 65 10. Giacomo Nizzolo (Italy / RadioShack) 61

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    • Magnitude 5.7 quake strikes Northern California

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    • California reveals prices for health insurance under Obamacare

      By Sharon Bernstein LOS ANGELES (Reuters) - California unveiled prices on Thursday that consumers will pay for a selection of health plans offered through the state under the Affordable Care Act, providing a glimpse into how health care reform may look as it is rolled out across the nation. Under the federal health care reform law, Californians who do not get or cannot afford health insurance through their jobs can buy coverage through an exchange, at a group rate negotiated by state regulators. ...

    • Woman accused of contaminating daughter's IV tubes

      TUCSON, Ariz. (AP) — A prosecutor says a woman on trial in Tucson contaminated her hospitalized infant daughter's intravenous lines in an attempt to get attention from the girl's father.

    • 4 Foods That Aren't as Healthy as You Think

      Yes, even the good stuff can pack on pounds.

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