Feed aggregator

Apple revenue lags Street's view despite strong China growth

Breaking Business News - 1 hour 11 min ago
SAN FRANCISCO (Reuters) - Apple Inc posted a smaller-than-expected 6 percent rise in quarterly revenue on Tuesday, but revenue surged 28 percent in greater China despite stiff competition in its third-largest market.






Shanghai Husi Food's food safety violations company-led: regulator

Breaking Business News - 1 hour 18 min ago
SHANGHAI (Reuters) - A Chinese food watchdog said food safety violations at Shanghai Husi Food Co Ltd, a supplier to global brands including McDonald's Corp and Yum Brands Inc, were company-led and not the acts of individuals, the official Xinhua news agency reported late on Tuesday.

Wall St. gains on earnings, data; conflicts still eyed

Breaking Business News - 1 hour 30 min ago
NEW YORK (Reuters) - U.S. stocks rose on Tuesday as some positive earnings and economic data pointed to a market that still had room to rise despite the S&P 500 hitting an intraday record.






MLive hires new business reporter

Talking Biz News - 1 hour 43 min ago
MLive Media Group announced Tuesday that Emily Lawler has joined the MLive Lansing team as the Capital business reporter. A story on its website states, “Lawler comes to MLive from MIRS News, a subscription-based...

Microsoft sees end to Nokia losses, shares rise after hours

Breaking Business News - 1 hour 48 min ago
SEATTLE (Reuters) - Microsoft Corp said it aims to get its loss-making Nokia phone unit to break even within two years, helping its stock rise in after-hours trade.






Explaining Storyline vs. the Washington Post biz section

Talking Biz News - 1 hour 48 min ago
Ryan McCarthy, the assistant business editor of the Washington Post, writes about how the paper’s Storyline website will be different than the paper. McCarthy writes, “So rather than covering, say, health care — a topic...

Hawaiian Airlines to add revamped Airbus A330 jet to fleet

Breaking Business News - 1 hour 56 min ago
(Reuters) - Hawaiian Airlines said on Tuesday it plans to add a revamped version of the Airbus A330 jetliner to its fleet beginning in 2019 as it looks to expand to longer-haul destinations.

U.S., European airlines halt flights to Israel due to instability

Breaking Business News - 2 hours 4 min ago
(Reuters) - Air carriers in the United States and Europe on Tuesday halted flights to Tel Aviv after warnings from governmental agencies in an effort to ensure passenger safety as turmoil in Israel and the region intensified.






U.S. judge orders Argentina, creditors to meet until deal reached

Breaking Business News - 2 hours 30 min ago
NEW YORK (Reuters) - A U.S. judge ordered Argentina and investors who did not participate in the country's past debt restructurings to meet "continuously" with a court-appointed mediator until a settlement is reached, warning of the threat of a new default.






Wall Street rejects Ackman's Herbalife 'death blow'

Breaking Business News - 2 hours 39 min ago
NEW YORK (Reuters) - Billionaire investor William Ackman's latest volley of accusations against Herbalife Ltd on Tuesday missed its mark on Wall Street, with investors sending the stock price soaring 25 percent.

Apple revenue lags Street's view despite strong China growth

Breaking Business News - 2 hours 51 min ago
SAN FRANCISCO (Reuters) - Apple Inc posted a smaller-than-expected 6 percent rise in quarterly revenue on Tuesday, but revenue surged 28 percent in greater China despite stiff competition in its third-largest market.






Chrysler recalls older Jeep SUVs for ignition switch issues

Breaking Business News - 3 hours 21 min ago
DETROIT (Reuters) - Chrysler Group LLC said on Tuesday it is recalling 792,300 older-model Jeep SUVs for ignition switch problems, the second recall of its kind for the No. 3 U.S. automaker this year.

Banks trade barbs with U.S. Senate panel in tax avoidance probe

Breaking Business News - 3 hours 24 min ago
WASHINGTON (Reuters) - Deutsche Bank and Barclays on Tuesday locked horns with a U.S. Senate committee that has accused them of selling option products to hedge funds to help them avoid taxes.






American Apparel hopes to decide Charney's fate by mid-August

Breaking Business News - 3 hours 26 min ago
(Reuters) - American Apparel Inc's founder should know in the next few weeks whether he may return as an employee of the company, according to a source familiar with the situation.

Facebook's Zuckerberg to testify at N.Y. forgery trial: prosecutors

Breaking Business News - 3 hours 56 min ago
NEW YORK (Reuters) - The government will call Mark Zuckerberg to testify against an upstate New York man accused of trying to cheat the billionaire founder of Facebook Inc out of half his stake in the social media company, a federal prosecutor said on Tuesday.






NY Fed found serious problems at Deutsche Bank's U.S. arms: WSJ

Breaking Business News - 4 hours 2 min ago
(Reuters) - The Federal Reserve Bank of New York has found serious problems in Deutsche Bank AG's U.S. operations, including shoddy financial reporting, inadequate auditing and oversight and weak technology, the Wall Street Journal reported.






McDonald's profit falls on weak U.S., European sales

Breaking Business News - 4 hours 31 min ago
(Reuters) - Quarterly profit at McDonald's Corp fell more than expected after established restaurants in its struggling U.S. division turned in a third straight quarterly sales decline and results from Europe also logged a surprise drop.






Coca-Cola sales miss estimates on flat North America growth

Breaking Business News - 5 hours 38 min ago
(Reuters) - Coca-Cola Co is still grappling with a problem even as sales of traditional Coke rise in North America: U.S. consumers are drinking less diet soda.






Galhotra succeeds Farley at Ford as head of Lincoln brand

Breaking Business News - 8 hours 12 min ago
DETROIT (Reuters) - Ford Motor Co has named engineer Kumar Galhotra to succeed Jim Farley as head of the company's Lincoln brand, the automaker said Tuesday.

U.S. housing turning the corner, inflation creeping up

Breaking Business News - 8 hours 33 min ago
WASHINGTON (Reuters) - U.S. home resales hit an eight month-high in June, suggesting the housing market was gradually regaining momentum and would help the economy to stay on a higher growth path this year.