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 Latest Business and Finance News
Twitter assuages growth concerns for now as shares soar 35 percent [Reuters]
SAN FRANCISCO (Reuters) - Twitter Inc halted a slowdown in user-growth in the second quarter with th ...Detail
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Icahn cuts stake in Family Dollar  [Reuters] 29 Jul, 2014
(Reuters) - Activist investor Carl Icahn cut his stake in Family Dollar Stores Inc , a day after the company agreed to be bought by rival discount chain Dollar Tree Inc for $8.5 billion.
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Ex-Im internal watchdog finds no proof of systemic corruption  [Reuters] 29 Jul, 2014
WASHINGTON (Reuters) - There is currently no evidence of widespread fraud within the U.S. Export-Import Bank, its internal watchdog said, as critics of the bank flagged a wider probe of corruption claims.
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Bank of England bonus clawback plan  [BBC News] 29 Jul, 2014
The Bank of England is expected to unveil on Wednesday a plan which may see rule-breaking bankers return bonuses up to seven years after being awarded them.
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U.S. trial over S&P ratings could begin in September 2015, take 4 months  [Reuters] 29 Jul, 2014
SANTA ANA CALIFORNIA (Reuters) - A trial on the U.S. government's $5 billion lawsuit against Standard & Poor's over the company's ratings of mortgage bonds prior to the 2008 financial crisis could begin in Septe ...
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Prosecutors, defense spar over $150 billion forfeiture for Madoff aides  [Reuters] 29 Jul, 2014
NEW YORK (Reuters) - Four months after five former Bernard Madoff aides were convicted of helping conceal his massive Ponzi scheme, their lawyers and U.S. prosecutors are still fighting over the trial's key question: What did ...
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In China food testing, safety inspectors are often one step behind  [Reuters] 29 Jul, 2014
SHANGHAI/HONG KONG (Reuters) - When inspectors visited Shanghai Husi Food Co Ltd earlier this summer, the production line at the plant now at the centre of an international food scandal appeared in good order, with fresh meat bein ...
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VW set to overtake Toyota as global auto leader  [Reuters] 29 Jul, 2014
TOKYO (Reuters) - Volkswagen is poised to overtake Toyota Motor Corp as the global leader in vehicle sales, with a rapid expansion drive in China - the world's biggest auto market - while Toyota curbs growth to focus on shori ...
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Twitter shares surge on user growth  [BBC News] 29 Jul, 2014
Micro-blogging service Twitter reports a second-quarter loss of $145m but better than expected user growth, sending shares surging over 35%.
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Twitter's user growth beats targets, shares skyrocket  [Reuters] 29 Jul, 2014
SAN FRANCISCO (Reuters) - Twitter Inc's monthly active users rose a better-than-expected 24 percent in the second quarter as the online messaging service mostly succeeded in stemming a dwindling pace of growth, sending its sh ...
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Twitter reports widening losses  [BBC News] 29 Jul, 2014
Micro-blogging service Twitter reports a second-quarter loss of $145m - triple the loss it reported from the same period a year ago - but better than expected user growth.
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Wall Street ends down following UPS outlook  [Reuters] 29 Jul, 2014
NEW YORK (Reuters) - Stocks fell on Tuesday, dropping in a shallow but wide selloff as a weak outlook from UPS weighed on sentiment and pressured transportation stocks.
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Argentina holds last-minute debt talks with mediator  [Reuters] 29 Jul, 2014
NEW YORK/BUENOS AIRES (Reuters) - Argentine debt negotiators held talks in New York on Tuesday with the U.S. mediator in the South American country's battle with holdout investors, in a last-ditch attempt to avert a default. ...
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Institutions shift to exchange-traded funds as futures grow costly  [Reuters] 29 Jul, 2014
NEW YORK (Reuters) - Institutional investors, like endowments and sovereign wealth funds, are trading some of their stock futures contracts for exchange-traded funds, an action they say saves them money and effort while providing ...
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Wall Street edges lower on UPS outlook, telecom shares rally  [Reuters] 29 Jul, 2014
NEW YORK (Reuters) - Stocks mostly fell on Tuesday as a weak outlook from UPS weighed on sentiment and pressured transportation stocks, though other corporate results capped losses in equities.
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Pfizer leaves investors guessing on intentions for Astra  [Reuters] 29 Jul, 2014
(Reuters) - Pfizer Inc, which in May abandoned its $118 billion bid to buy AstraZeneca Plc, on Tuesday left investors guessing whether it would renew its pursuit of its British rival, but said it was considering other deals.
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Tyson to sell Mexico, Brazil poultry businesses to JBS  [Reuters] 29 Jul, 2014
(Reuters) - Tyson Foods Inc said on Monday it would sell its Mexican and Brazilian poultry businesses to JBS SA for $575 million and use the proceeds to pay down debt from its pending $7.7 billion purchase of Hillshire Brands Co. ...
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Sprint, T-Mobile merger not expected before September: sources  [Reuters] 29 Jul, 2014
WASHINGTON/NEW YORK (Reuters) - The long-anticipated merger of Sprint Corp and T-Mobile US Inc is not expected to occur before September, with the companies continuing due diligence and preparing a detailed case for a deal before ...
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Wall Street flat as telecom gains offset by earnings  [Reuters] 29 Jul, 2014
NEW YORK (Reuters) - U.S. stocks were little changed on Tuesday after a rally in the telecommunications sector lost steam and a lower earnings forecast from UPS weighed on sentiment.
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IMF warns of potential risks to global growth  [Reuters] 29 Jul, 2014
WASHINGTON (Reuters) - Sharply higher interest rates around the world could combine with weaker growth in emerging markets to slice as much as 2 percentage points off global growth in the next five years, the International Monetar ...
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U.S. home prices down in May, but consumer confidence strong  [Reuters] 29 Jul, 2014
NEW YORK (Reuters) - U.S. single-family home prices fell unexpectedly in May, declining for the first time in more than two years in the latest signal of the wobbly state of the housing market.
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Wall Street gains, telecoms sector lifted by Windstream  [Reuters] 29 Jul, 2014
NEW YORK (Reuters) - U.S. stocks rose Tuesday on news about a spinoff in the telecommunications sphere that sent most stocks in the sector soaring and on better-than-expected results from Pfizer and Merck.
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JPMorgan to cut tech support jobs as revenue dips: Bloomberg  [Reuters] 29 Jul, 2014
(Reuters) - JPMorgan Chase & Co , the biggest U.S. bank by assets, is slashing its technology support workforce in corporate and investment banking division following a revenue dip, Bloomberg News reported, citing people famil ...
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A mixed quarter for bets on U.S. stock volatility  [Reuters] 29 Jul, 2014
NEW YORK (Reuters) - With some of Wall Street's more volatile names set to report in the next couple of days, traders who bet on big swings in shares are hoping to see moves more like Facebook than Netflix.
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Merck quarterly profit beats estimates; shares gain  [Reuters] 29 Jul, 2014
(Reuters) - Merck & Co Inc reported better-than-expected quarterly results on Tuesday, helped by strong sales of consumer products and medicines for arthritis and HIV, sending its shares up more than 1 percent in morning tradi ...
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NY Times forecasts further decline in print ad revenue  [Reuters] 29 Jul, 2014
(Reuters) - The New York Times Co reported a dip in second-quarter revenue as print advertising revenue erased the previous quarter's rise, and the company expects print ad revenue to continue to decline in the future.
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China rally, Russia respite lifts shares as focus turns to U.S  [Reuters] 29 Jul, 2014
LONDON (Reuters) - World shares hovered just below all-time highs on Tuesday as investors drew encouragement from a rally in Chinese markets and beaten-down Russian stocks enjoyed some respite after three days of heavy selling.
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Earnings lift Wall Street slightly at open  [Reuters] 29 Jul, 2014
NEW YORK (Reuters) - U.S. stocks rose slightly at the open on Tuesday following better-than-expected results from companies such as Pfizer and Merck and ahead of data on consumer sentiment.
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Wall Street to rise on earnings, data weighs  [Reuters] 29 Jul, 2014
NEW YORK (Reuters) - U.S. stocks were set to rise slightly at the open on Tuesday following better-than-expected results from companies such as Pfizer and Merck and ahead of data on consumer sentiment.
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U.S. seasonally adjusted home prices fall in May: S&P/Case-Shiller  [Reuters] 29 Jul, 2014
NEW YORK (Reuters) - U.S. single-family home prices fell in May on a seasonally adjusted basis, falling short of expectations calling for a slight gain, a closely watched survey said on Tuesday.
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Apple updates MacBook Pro laptops, cuts price of older model  [Reuters] 29 Jul, 2014
(Reuters) - Apple Inc said it updated its MacBook Pro line of laptops with a high-resolution Retina display, faster processors and higher memory for a starting price of $1,299.
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