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 Latest Business and Finance News
As oil falls below $50, analysts eye 'mid-price' era [Reuters]
SINGAPORE (Reuters) - A slump in oil below $50 a barrel - a level it has held above for most of the ...Detail
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Merchants seek to void $6 billion Visa, MasterCard, AmEx settlements  [Reuters] 29 Jul, 2015
NEW YORK (Reuters) - Dozens of retailers are seeking to void nearly $6 billion of U.S. antitrust settlements with Visa Inc , MasterCard Inc and American Express Co after learning that opposing lawyers exchanged confidential inform ...
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Facebook profit falls 9 percent as costs soar  [Reuters] 29 Jul, 2015
(Reuters) - Facebook Inc said quarterly revenue beat forecasts but profit fell 9 percent at the social media company on heavy spending to boost mobile revenue and future growth.
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Wall Street ends higher after Fed leaves investors unruffled  [Reuters] 29 Jul, 2015
(Reuters) - U.S. stocks finished stronger on Wednesday after the U.S. Federal Reserve said the economy and job market continued to strengthen and left its key interest rate unchanged.
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Fed says economy improving; September rate hike in view  [Reuters] 29 Jul, 2015
WASHINGTON (Reuters) - The U.S. economy and job market continue to strengthen, the Federal Reserve said on Wednesday, leaving the door open for a possible interest rate hike when central bank policymakers next meet in September.
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Boeing may move work abroad with Ex-Im future uncertain: chairman  [Reuters] 29 Jul, 2015
WASHINGTON (Reuters) - Boeing Co Chairman Jim McNerney on Wednesday said the aircraft maker was actively considering moving "key pieces" of its operations to other countries given the uncertainty of the future of the Export-Import ...
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Microsoft rolls out Windows 10 bid to revive growth  [Geo TV] 29 Jul, 2015
WASHINGTON: Microsoft began rolling out its Windows 10 operating system Wednesday, aiming to revive the tech giant
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Exclusive: FCA's Chrysler group faces U.S. product drought through 2016  [Reuters] 29 Jul, 2015
DETROIT (Reuters) - Fiat Chrysler Automobiles NV will face a shortage of new products in North America over the next 18 months, especially hot-selling trucks and crossover vehicles, according to three sources familiar with the com ...
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Boeing may move work abroad with Exp-Im future uncertain: chairman  [Reuters] 29 Jul, 2015
WASHINGTON (Reuters) - Boeing Co Chairman Jim McNerney said on Wednesday the aircraft maker was actively considering moving "key pieces" of its operations to other countries given the uncertainty about the future of the Export-Imp ...
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U.S. stocks higher after Fed notes improving economy  [Reuters] 29 Jul, 2015
(Reuters) - U.S. stocks were higher on Wednesday after the U.S. Federal Reserve left its key interest rate unchanged and said the economy and job market continued to strengthen.
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MasterCard's revenue misses estimates on higher incentives  [Reuters] 29 Jul, 2015
(Reuters) - MasterCard Inc , the operator of the world's second largest payment network, reported lower-than-expected quarterly revenue as the company offered more rebates and incentives to win new and renewed deals.
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House leader Boehner supports lifting U.S. oil export ban  [Reuters] 29 Jul, 2015
WASHINGTON (Reuters) - Speaker of the U.S. House of Representatives John Boehner told reporters on Wednesday he supports lifting a 40 year-old ban on crude oil exports, a move that could boost support for legislation in his chambe ...
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Higher incentives, strong dollar weigh on MasterCard's revenue  [Reuters] 29 Jul, 2015
(Reuters) - MasterCard Inc , the operator of the world's second largest payment network, reported lower-than-expected quarterly revenue as it offered more rebates and incentives to win deals.
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House leader Boehner to support axing U.S. oil export ban: sources  [Reuters] 29 Jul, 2015
WASHINGTON (Reuters) - U.S. House of Representatives Speaker John Boehner will for the first time express his support on Wednesday for repealing the 40-year-old ban on domestic crude oil exports, two industry sources said.
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Fed sees improving economy, jobs; September hike in view but not set  [Reuters] 29 Jul, 2015
WASHINGTON (Reuters) - The U.S. economy and job market continue to strengthen, the Federal Reserve said on Wednesday, leaving the door open for a possible interest rate hike when central bank policymakers next meet in September.
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Being frank not enough, Twitter needs to act  [Reuters] 29 Jul, 2015
(Reuters) - Twitter Inc interim CEO Jack Dorsey's harsh criticism of the company's efforts to woo new users may just be the first step to addressing its long-standing problems.
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Anthem profit beats as medical costs stay at low end of estimates  [Reuters] 29 Jul, 2015
(Reuters) - Health insurer Anthem Inc , which plans to buy rival Cigna Corp for $54 billion, on Wednesday said medical costs, particularly in its Medicaid and Medicare businesses, were at the low end of expectations and helped boo ...
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U.S. Fed expected to push ahead with rate hike plan  [Reuters] 29 Jul, 2015
WASHINGTON (Reuters) - The Federal Reserve is expected on Wednesday to point to a growing U.S. economy and stronger job market as it sets the stage for a possible interest rate hike in September.
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Pressed by left, Greece's Tsipras vows 'thus far and no further'  [Reuters] 29 Jul, 2015
ATHENS (Reuters) - Greek Prime Minister Alexis Tsipras, struggling to contain a revolt in his left-wing Syriza party, said on Wednesday that his government would not implement reform measures beyond those agreed with lenders at a ...
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Boeing says considering moving work overseas due to Ex-Im saga  [Reuters] 29 Jul, 2015
WASHINGTON (Reuters) - Boeing Co Chairman Jim McNerney said on Wednesday the company was actively considering moving "key pieces" of the company to other countries given the ongoing debate in the U.S. Congress over the future of t ...
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President approves appointment of Dr. Begum Jan as member NCHR from FATA  [Business Recorder] 29 Jul, 2015
ISLAMABAD: President Mamnoon Hussain on Wednesday approved the Prime Minister's Advice for appointment of Dr. Begum Jan, as Member of the National Commission for Human Rights (NCHR) from the Federally Administered Tribal A ...
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Judge dismisses 'pyramid scheme' lawsuit versus Herbalife, CEO  [Reuters] 29 Jul, 2015
(Reuters) - A federal judge has dismissed a lawsuit accusing Herbalife Ltd and its chief executive officer of misrepresenting the weight-loss and nutritional products maker's sales practices as legitimate when the company was ...
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Wall St higher ahead of Fed meeting  [Reuters] 29 Jul, 2015
(Reuters) - Wall Street was higher on Wednesday as investors assessed earning ahead of a statement from the U.S. Federal Reserve that could give clues regarding the timing of a rate hike.
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Wall St. little changed as investors await Fed statement  [Reuters] 29 Jul, 2015
(Reuters) - The Dow Jones industrial average and the S&P 500 were slightly higher on Wednesday while the Nasdaq composite edged lower, as investors assessed earning ahead of a statement from the U.S. Federal Reserve that could ...
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Free wheat seed to be distributed among 23,838 growers  [Business Recorder] 29 Jul, 2015
FAISALABAD: The government has decided to distribute disease resistant wheat seed free of cost among 23,838 growers in Punjab. A spokesman of Agriculture Department told here on Wednesday that there were 23,838 villages in the Pun ...
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GM to invest $1 billion in India to boost exports  [Reuters] 29 Jul, 2015
NEW DELHI (Reuters) - General Motors Co said on Wednesday it will invest $1 billion over the next few years to turn India into a global export hub, even as it cuts production capacity in the country due to sluggish demand.
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Wall St. opens little changed ahead of Fed statement  [Reuters] 29 Jul, 2015
(Reuters) - U.S. stocks opened little changed on Wednesday ahead of a statement from the U.S. Federal Reserve and hopes that Beijing could stem the rout in its markets.
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Being frank not enough, Twitter needs to broaden portfolio  [Reuters] 29 Jul, 2015
(Reuters) - Twitter Inc interim CEO Jack Dorsey's criticism of the company's efforts to woo new users may just be the first step to address its long-standing problems.
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Thomson Reuters profit beats but currency weighs on revenue  [Reuters] 29 Jul, 2015
(Reuters) - Thomson Reuters Corp on Wednesday reported higher-than-expected quarterly profit as the company's biggest division that serves banks and financial institutions showed underlying growth for the first time since 201 ...
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Carlyle's second-quarter earnings drop as energy funds suffer  [Reuters] 29 Jul, 2015
(Reuters) - Private equity firm Carlyle Group LP said on Wednesday its second-quarter earnings dropped 38 percent year-on-year as the value of its energy and hedge funds decreased, even as it generated more cash by cashing out on ...
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Greece's Tsipras, hounded by left, vows 'thus far and no further'  [Reuters] 29 Jul, 2015
ATHENS (Reuters) - Greek Prime Minister Alexis Tsipras, struggling to contain a revolt in his left-wing Syriza party, said on Wednesday that his government would not implement reform measures beyond those agreed with lenders at a ...
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