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 Latest Business and Finance News
Action camera maker GoPro reports bigger loss as costs double [Reuters]
(Reuters) - GoPro Inc , which makes wearable cameras used by surfers, skydivers and other action jun ...Detail
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Ackman takes blame after hyped Herbalife talk flopped  [Reuters] 31 Jul, 2014
BOSTON (Reuters) - Billionaire investor William Ackman called himself his "own worst enemy" in reviewing why last week's much hyped presentation on Herbalife Ltd.'s nutrition clubs failed to deliver the "death blow" he h ...
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France's Iliad makes $15 billion bid to take control of T-Mobile U.S.  [Reuters] 31 Jul, 2014
NEW YORK (Reuters) - French telecoms company Iliad has made a surprise offer for T-Mobile US Inc , setting up a potential bidding war with rival suitor Sprint Corp , the U.S. mobile firm now controlled by Japan's Softbank .
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Target names outsider as CEO after data breach  [Reuters] 31 Jul, 2014
(Reuters) - Beleaguered retailer Target Corp named former PepsiCo and Wal-Mart executive Brian Cornell as CEO and chairman as it tries to regain customer confidence following a devastating data breach last year that hit earnings. ...
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France's Iliad makes buyout approach for T-Mobile U.S.: source  [Reuters] 31 Jul, 2014
NEW YORK (Reuters) - French telecoms operator Iliad SA has recently made a buyout approach for T-Mobile US Inc , according to a person familiar with the matter, a surprise bid that counters an existing takeover bid by Sprint Corp ...
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Gatwick staff to help with baggage  [BBC News] 31 Jul, 2014
Gatwick Airport will bring in up to 45 of its own staff to help with luggage handling to ensure there is no repeat of last weekend's delays.
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Wall St. tumbles; S&P below 50-day moving average  [Reuters] 31 Jul, 2014
NEW YORK (Reuters) - U.S. stocks slumped in a broad decline on Thursday, with the S&P 500 falling below a key technical level and erasing its gains for the month as concerns mounted over the strength of overseas economies and ...
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France's Iliad makes buyout offer for T-Mobile USA: source  [Reuters] 31 Jul, 2014
(Reuters) - French telecoms operator Iliad SA has made a buyout offer for T-Mobile USA Inc , a person familiar with the matter said, countering an offer by Sprint Corp .
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Brazil's Embraer sees more U.S. orders next year: CEO  [Reuters] 31 Jul, 2014
SAO PAULO (Reuters) - Brazil's Embraer SA , the world's third largest commercial planemaker, expects more new regional jet orders from the United States next year, given strong acceptance of E-175 aircraft delivered ther ...
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Brazil's Embraer sees more U.S. orders next year: CEO  [Reuters] 31 Jul, 2014
SAO PAULO (Reuters) - Brazil's Embraer SA , the world's third largest commercial planemaker, expects more new regional jet orders from the United States next year, given strong acceptance of E-175 aircraft delivered ther ...
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Gatwick bag handling firm dropped  [BBC News] 31 Jul, 2014
Leisure airline Monarch terminates its contract with Swissport, one of the baggage-handling companies at Gatwick airport, after weekend chaos.
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Gatwick bag handling firm dropped  [BBC News] 31 Jul, 2014
Leisure airline Monarch terminates its contract with Swissport, one of the baggage-handling companies at Gatwick airport, after weekend chaos.
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Wall St tumbles; Dow, S&P turn negative for July  [Reuters] 31 Jul, 2014
NEW YORK (Reuters) - U.S. stocks slumped in a broad decline on Thursday, with the Dow and S&P 500 turning negative for July on concerns over the strength of overseas economies and ongoing tensions with Russia.
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Argentina defaults but investors see eventual deal possible  [Reuters] 31 Jul, 2014
BUENOS AIRES (Reuters) - Argentina defaulted for the second time in 12 years after last-ditch talks with what it called "vulture" creditors failed, though debt insurance prices on Thursday suggested investors believed a deal could ...
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Higher oil prices lift Exxon's profit as production sags  [Reuters] 31 Jul, 2014
(Reuters) - Exxon Mobil Corp, the world's largest publicly traded oil company, reported a stronger-than-expected quarterly profit on Thursday as higher prices for its crude and natural gas offset a 6 percent drop in productio ...
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Argentina blames US for debt default  [BBC News] 31 Jul, 2014
New York financial trial lawyer Daniel Pollack exits the US District Court for the Southern District of New York in Lower Manhattan on 27 June, 2014. Argentina blames the US for its default, calling the mediator in debt negotiations which ended in failure "incompetent".
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Argentina blames US for debt default  [BBC News] 31 Jul, 2014
New York financial trial lawyer Daniel Pollack exits the US District Court for the Southern District of New York in Lower Manhattan on 27 June, 2014. Argentina blames the US for its default, calling the mediator in debt negotiations which ended in failure "incompetent".
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Wall Street falls at open; Dow, S&P negative for July  [Reuters] 31 Jul, 2014
NEW YORK (Reuters) - U.S. stocks opened lower on Thursday, with the Dow and S&P 500 turning negative for the month on concerns over the strength of overseas economies and ongoing tensions with Russia.
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Soccer World Cup helps DirecTV net more subscribers  [Reuters] 31 Jul, 2014
(Reuters) - DirecTV , the No.1 U.S. satellite TV provider, reported quarterly revenue above analysts' estimates as the soccer World Cup helped it add subscribers in Latin America and prices increased in the United States.
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Stock futures slump; Dow, S&P may turn negative for July  [Reuters] 31 Jul, 2014
NEW YORK (Reuters) - U.S. stock index futures pointed to a sharply lower Wall Street open Thursday, with the Dow and S&P 500 likely to turn negative for the month on concerns over the strength of overseas economies and ongoing ...
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U.S. jobless claims up, wage growth starting to push higher  [Reuters] 31 Jul, 2014
WASHINGTON (Reuters) - The number of Americans filing new claims for unemployment benefits rose last week, but the underlying trend pointed to a continuing strengthening of labor market conditions.
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DirecTV quarterly revenue rises 5 percent  [Reuters] 31 Jul, 2014
(Reuters) - DirecTV, the No.1 U.S. satellite TV provider, reported a 5.3 percent rise in second-quarter revenue, helped by price increases and fewer subscriber disconnections.
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MasterCard profit rises 10 percent as card usage grows  [Reuters] 31 Jul, 2014
(Reuters) - MasterCard Inc, the world's second-largest debit and credit card company, posted a better-than-expected 10 percent rise in quarterly profit, as more customers used its cards to make purchases.
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Exxon Mobil quarterly profit jumps 28 percent  [Reuters] 31 Jul, 2014
(Reuters) - Exxon Mobil Corp, the world's largest publicly traded oil company, said on Thursday its quarterly profit jumped 28 percent on higher prices for crude and natural gas.
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Weak demand for video services weighs on Time Warner Cable  [Reuters] 31 Jul, 2014
(Reuters) - Time Warner Cable Inc, the second-largest U.S. cable operator, lost more video subscribers in the second quarter compared with the previous quarter.
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MasterCard quarterly profit rises 10 percent  [Reuters] 31 Jul, 2014
(Reuters) - MasterCard Inc, the world's second-largest debit and credit card company, posted a 10 percent rise in quarterly profit, as more customers used cards to make purchases.
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ConocoPhillips second-quarter profit slightly higher; output rises  [Reuters] 31 Jul, 2014
(Reuters) - ConocoPhillips, the largest U.S. independent oil and gas company, on Thursday reported a quarterly profit that just beat Wall Street expectations, helped by an increase in oil and gas production.
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Time Warner Cable profit up on residential data services growth  [Reuters] 31 Jul, 2014
(Reuters) - Time Warner Cable Inc , the second-largest U.S. cable TV operator, reported a 3.7 percent rise in quarterly profit as it signed up more residential subscribers to its high-speed data services.
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Argentina defaults but investor see eventual deal possible  [Reuters] 31 Jul, 2014
BUENOS AIRES (Reuters) - Argentina defaulted for the second time in 12 years after last-ditch talks with what it called "vulture" creditors failed, though debt insurance prices on Thursday suggested investors believed a deal could ...
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Stock futures fall after Argentina default, data awaited  [Reuters] 31 Jul, 2014
NEW YORK (Reuters) - U.S. stock index futures were sharply lower on Thursday, after Argentina defaulted for the second time in 12 years, raising concerns the country's weakness could spread to the region.
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ConocoPhillips quarterly profit flat, output up  [Reuters] 31 Jul, 2014
(Reuters) - ConocoPhillips, the largest U.S. independent oil and gas company, on Thursday reported a flat quarterly profit as higher costs offset an increase in oil and gas production.
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