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 Latest Business and Finance News
McDonald's takes chicken nuggets off menu in Hong Kong amid food scare [Reuters]
HONG KONG (Reuters) - McDonald's Corp has suspended sales of chicken nuggets and other items in ...Detail
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Amazon’s losses widen, shares drop  [ARY News] 25 Jul, 2014
SAN FRANCISCO: Amazon.com Inc posted a much larger-than-expected loss in the second quarter as its rapid pace of investment in businesses such as digital content and consumer electronics offset a 23 percent jump in revenue.
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Nucor confident of favorable rulings vs steel import 'tsunami'  [Reuters] 24 Jul, 2014
(Reuters) - Emboldened by a recent favorable ruling for U.S. steelmakers in a steel pipe trade case, Nucor Corp said on Thursday it was confident the industry was poised for more success in future cases as it works to stem "a tsun ...
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U.S. judge says she is troubled by Apple $450 million e-books deal  [Reuters] 24 Jul, 2014
NEW YORK (Reuters) - A U.S. judge on Thursday expressed concern over a proposed $450 million settlement of claims Apple Inc conspired with five publishers to fix e-book prices, saying its provisions could drastically reduce money ...
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Visa cuts revenue forecast as cross-border transactions slow  [Reuters] 24 Jul, 2014
(Reuters) - Visa Inc, the world's largest credit and debit card company, cut its revenue forecast for the year, as growth in cross-border transactions slowed amid a strengthening of the U.S. dollar.
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Argentina, holdouts meet in debt dispute with court appointee  [Reuters] 24 Jul, 2014
NEW YORK (Reuters) - Representatives for holdout investors and Argentina in the country's ongoing debt default met for about three hours with a court-appointed mediator in New York on Thursday, less than a week before Argenti ...
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Amazon's heavy investing eats into bottom line, shares drop  [Reuters] 24 Jul, 2014
SAN FRANCISCO (Reuters) - Amazon.com Inc posted a much larger-than-expected loss in the second quarter as it continues its rapid pace of investment in new businesses such as digital content and consumer electronics.
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Wall Street ends flat on mixed earnings; S&P 500 at record  [Reuters] 24 Jul, 2014
NEW YORK (Reuters) - U.S. stocks finished a quiet session mostly flat on Thursday as earnings painted a mixed picture of the economy, though the S&P 500 set another record closing high.
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Nucor confident of favorable rulings vs steel import "tsunami"  [Reuters] 24 Jul, 2014
(Reuters) - Emboldened by a recent favorable ruling for U.S. steelmakers in a steel pipe trade case, Nucor Corp said on Thursday it was confident the industry was poised for more success in future cases as it works to stem "a tsun ...
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Starbucks sales in Americas region up slightly more than expected  [Reuters] 24 Jul, 2014
(Reuters) - Starbucks Corp on Thursday said quarterly sales at established stores in its dominant Americas region grew a somewhat stronger-than-expected 6 percent, including a 7 percent rise for the United States.
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GM, Ford hopeful of European rebound despite Ukraine, Russia  [Reuters] 24 Jul, 2014
FRANKFURT/DETROIT (Reuters) - Ford Motor Co and General Motors Co said on Thursday the crisis in Ukraine has exacerbated a sales slowdown in Russia, but the carmakers said they were on track to turn around their European operation ...
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Visa cuts revenue growth target for the year; shares fall  [Reuters] 24 Jul, 2014
(Reuters) - Visa Inc, the world's largest credit and debit card company, cut its revenue growth outlook for the year, citing a strengthening U.S. dollar.
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Amazon's losses widen, shares drop  [Reuters] 24 Jul, 2014
SAN FRANCISCO (Reuters) - Amazon.com Inc posted a much larger-than-expected loss in the second quarter as its rapid pace of investment in businesses such as digital content and consumer electronics offset a 23 percent jump in reve ...
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U.S. judge won't void five ex-Madoff employees' convictions  [Reuters] 24 Jul, 2014
NEW YORK (Reuters) - The federal judge who oversaw the trial of five associates of imprisoned swindler Bernard Madoff on Thursday refused to overturn their convictions for helping their former boss run one of the world's bigg ...
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Lloyds expected to pay up to $509.5 million as LIBOR fine  [Reuters] 24 Jul, 2014
(Reuters) - Lloyds Banking Group is expected to announce early next week that the British bank would pay between 200 million pounds and 300 million pounds ($509.52 million)to settle benchmark interest rate (LIBOR) fixing allegatio ...
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Amazon reports $126m quarterly loss  [BBC News] 24 Jul, 2014
Amazon reports a loss of $126m in the second quarter and warns of slowing sales.
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Wall St. finishes flat on mixed earnings; S&P at record  [Reuters] 24 Jul, 2014
NEW YORK (Reuters) - U.S. stocks ended a quiet session on Thursday as earnings painted a mixed picture of the economy, though the S&P 500 set another record closing high.
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Starbucks Americas sales up slightly more than expected  [Reuters] 24 Jul, 2014
(Reuters) - Starbucks Corp on Thursday said quarterly sales at established stores in its U.S.-dominated Americas region grew 6 percent.
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Amazon posts larger second-quarter loss, but revenue rises  [Reuters] 24 Jul, 2014
SAN FRANCISCO (Reuters) - Amazon.com Inc posted a larger loss in the second quarter as its rapid pace of investment in new businesses such as digital content and same-day delivery offset revenue growth, sending its shares lower in ...
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Visa quarterly profit rises 11 percent on card growth  [Reuters] 24 Jul, 2014
(Reuters) - Visa Inc, the world's largest credit and debit card company, reported an 11 percent rise in quarterly profit as more people around the world used plastic instead of cash to make purchases.
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Wall St. ends mostly flat, S&P at record close  [Reuters] 24 Jul, 2014
NEW YORK (Reuters) - Stocks ended a quiet session with little movement on Thursday as corporate earnings painted a mixed picture of the economy, though the S&P 500 scored another record close.
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U.S. judge won't overturn convictions of five ex-Madoff employees  [Reuters] 24 Jul, 2014
NEW YORK (Reuters) - The federal judge who oversaw the trial of five associates of imprisoned swindler Bernard Madoff refused to overturn their convictions for helping their former boss run one of the world's biggest Ponzi sc ...
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Stagnant wages leaves central banks fretting over fate of workers  [Reuters] 24 Jul, 2014
WASHINGTON/FRANKFURT (Reuters) - After injecting trillions of dollars into the global financial system over the last six years, the world's central bankers now face a vexing question: why is so little of it showing up in work ...
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Facebook goes express to mega-cap status - now valued more than AT&T, Coke  [Reuters] 24 Jul, 2014
NEW YORK (Reuters) - In the days after its infamously mishandled initial public offering in May 2012, it looked as if Facebook would struggle to become a must-own for fund managers.
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U.S. auto sales seen rising 9 percent in July: JD Power-LMC  [Reuters] 24 Jul, 2014
DETROIT (Reuters) - U.S. auto sales in July will be the strongest for the month since 2006, and rise 9 percent from last year, automotive industry consultants J.D. Power and LMC Automotive predicted on Thursday.
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Wall St. flat as Caterpillar offsets Facebook  [Reuters] 24 Jul, 2014
NEW YORK (Reuters) - Stocks barely budged on Thursday as corporate earnings painted a mixed picture of the economy, though the S&P 500 eked out a record intraday high for the third straight session.
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Hershey warns of sticker shock from chocolate price hike  [Reuters] 24 Jul, 2014
NEW YORK (Reuters) - Hershey Co, one of the world's best known names in chocolate, expects its first price hike in three years to crimp short term sales, but over the long haul the popularity of chocolate will prevail, the co ...
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U.S. jobless claims hit more than eight-year low, but home sales tumble  [Reuters] 24 Jul, 2014
WASHINGTON (Reuters) - The number of Americans filing new claims for unemployment benefits fell to the lowest level in nearly 8-1/2 years last week, suggesting the labor market recovery was gaining traction.
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Exclusive: Allegations of GSK corruption spread to Syria  [Reuters] 24 Jul, 2014
LONDON (Reuters) - GlaxoSmithKline faces new allegations of corruption, this time in Syria, where the drugmaker and its distributor have been accused of paying bribes to secure business, according to a whistleblower's email r ...
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Wal-Mart replaces head of struggling U.S. business  [Reuters] 24 Jul, 2014
(Reuters) - Wal-Mart Stores Inc replaced its U.S. head Bill Simon with Asia chief Greg Foran as it seeks to restore the fortunes of its largest business after a year of sluggish sales.
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U.S. airlines focus on investor returns as industry profits  [Reuters] 24 Jul, 2014
(Reuters) - Major U.S. airlines posted earnings gains on Thursday, aided by higher airfares and summer demand, and the two largest carriers announced moves to return more cash to investors.
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