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Facebook Answers Critics With Mobile-Ad Surge

1 hour ago (Thu, 24 Jul 2014 05:35:43 EDT)

Facebook reported that profit more than doubled and revenue topped estimates for the ninth straight quarter. About 62% of Facebook's ad revenue now comes from advertising on mobile devices.

U.S. Seeks New Rules for Rail-Shipped Fuel

9 hours ago (Wed, 23 Jul 2014 20:39:47 EDT)

The U.S. government wants to phase out thousands of railroad tank cars that carry crude oil and ethanol within two years, as part of proposed rules to upgrade safety for trains carrying flammable fuels.

New Startup Airlines Crowd the Skies

10 hours ago (Wed, 23 Jul 2014 20:13:27 EDT)

The U.S. airline industry's newfound health is breeding something not seen in years: a flock of startups. All share an optimism that they can defy the odds in an industry that has seen 77 bankruptcies in the 20 years.

Volatile Mix: Social Media and Coupons

10 hours ago (Wed, 23 Jul 2014 20:38:18 EDT)

Retailers including Wal-Mart, Target and others are taking steps to limit price-matching as social-media websites turn discounting into a viral frenzy.

Hepatitis C Pill Rockets Gilead Into Big Leagues

10 hours ago (Wed, 23 Jul 2014 20:00:05 EDT)

Gilead Sciences's new hepatitis C treatment, Sovaldi, had $3.48 billion in second-quarter sales, more than expected, continuing its historic drug launch.

Malone: Fox Unlikely to Face Competition in Time Warner Bid

9 hours ago (Wed, 23 Jul 2014 21:19:10 EDT)

Cable magnate John Malone says 21st Century Fox has long been eyeing a takeover bid for Time Warner and isn't likely to face competing bidders.

Is It Over for Tablet Computers?

6 hours ago (Thu, 24 Jul 2014 00:17:21 EDT)

As smartphone screens grow larger and laptop computers grow thinner and lighter, sales of the iPad are declining and growth slowing for rival Android tablets.

EasyJet Profit Forecast Disappoints

1 hour ago (Thu, 24 Jul 2014 05:10:12 EDT)

EasyJet said it expects pretax profit to rise as much as 19% this year despite the impact on travel from turmoil in Israel, Egypt and Moscow, but the airline's shares dropped as the forecast fell short of analysts' hopes.

Canon Reports Solid Profit Jump

1 hour ago (Thu, 24 Jul 2014 05:38:43 EDT)

Canon said its net profit jumped 22% in the April to June period thanks to surging sales of multifunction office devices and industrial equipment.

Nokia Lifted by Handset-Unit Sale

57 minutes ago (Thu, 24 Jul 2014 05:41:10 EDT)

Finland's mobile-network maker Nokia said its expectations for 2014 have improved, as its financial performance in the latest quarter was helped by the sale of its handset business to Microsoft.

Roche Hurt by Currencies

2 hours ago (Thu, 24 Jul 2014 03:45:18 EDT)

Roche Holding's first-half net profit slid 7% under pressure from exchange rates but strong sales of its cancer therapies prompted the Swiss drug giant to confirm its outlook for the full year.

Kingfisher Shares Fall on Weak Trading in France, Poland

1 hour ago (Thu, 24 Jul 2014 04:49:37 EDT)

Shares in Kingfisher dropped more than 7% after the European home improvement retailer said trading had been slower than anticipated, particularly in France and Poland

SABMiller Beer Volumes Rise

2 hours ago (Thu, 24 Jul 2014 03:56:16 EDT)

The world's No. 2 brewer SABMiller said sales and beer volumes rose steadily in the first three months of its financial year, buoyed by strong growth in Africa and Europe.

Hyundai Motor Profit Skids

3 hours ago (Thu, 24 Jul 2014 02:46:53 EDT)

Hyundai Motor second-quarter net profit fell 6.9%, hurt by a stronger local currency and higher costs incurred for improving its U.S. market share.

Meal-Delivery Startups Look for Winning Recipe

8 hours ago (Wed, 23 Jul 2014 22:22:50 EDT)

Meal-delivery startups such as Plated and Blue Apron, along with their investors are hoping to avoid the fate of dot.com era food industry failures.

EBay to Raise $3.5 Billion in Debt Offering

6 hours ago (Wed, 23 Jul 2014 23:51:09 EDT)

EBay is offering $3.5 billion in debt to help fund general operating activities as well as pay down outstanding short-term loans.

Thailand's CP Group to Buy Stake in Japanese Trader Itochu

2 hours ago (Thu, 24 Jul 2014 04:24:20 EDT)

Japan's third largest trading company said Thursday that the Charoen Pokphand Group would take a 4.9% stake, injecting up to $1 billion into the firm.

BASF Lifted by Specialty Chemicals

3 hours ago (Thu, 24 Jul 2014 02:47:11 EDT)

German chemicals giant BASF said second-quarter net profit jumped 12%, boosted by its industrial and specialty chemicals division, despite a deteriorating global economic outlook and heightened geopolitical risks.

Unilever's Emerging-Market Growth Slows

1 hour ago (Thu, 24 Jul 2014 05:25:18 EDT)

Unilever flagged a further slowdown in emerging markets, even as first-half profit grew on the back of a number of disposals.

LG Dials Up a Turnaround

1 hour ago (Thu, 24 Jul 2014 05:35:50 EDT)

LG Electronics said its net profit rose sharply in the second quarter as its mobile business staged a turnaround on higher smartphone sales.

Repsol Posts Rise in Second-Quarter Profit

2 hours ago (Thu, 24 Jul 2014 03:42:11 EDT)

Spanish oil major Repsol reported a 95% rise in second-quarter profit, boosted by the sale of stock in its former Argentine unit and bonds the company received in compensation for its nationalization.

Bombardier to Cut 1,800 Jobs

3 hours ago (Thu, 24 Jul 2014 02:40:37 EDT)

Canadian transportation-equipment giant Bombardier Inc. said the head of its aerospace unit is retiring as part of a corporate shake-up that will see the company shed 1,800 jobs.

Daimler Profit Boosted by Mercedes

8 hours ago (Wed, 23 Jul 2014 21:45:06 EDT)

Daimler reported a sharp rise in second-quarter operating earnings, driven by record sales in its Mercedes-Benz luxury car division, as the German auto maker races to catch up with rivals BMW and Audi.

AT&T Reports Profit Decline

9 hours ago (Wed, 23 Jul 2014 21:20:42 EDT)

AT&T said its second-quarter profit fell 7.2% as wireless service revenue took a hit from a drop in prices tied to a shift in strategy.

Meat Supplier's CEO Apologizes

5 hours ago (Thu, 24 Jul 2014 01:30:20 EDT)

The CEO of a U.S. meat supplier apologized Wednesday after the Chinese unit's management was accused of intentionally selling expired meat to restaurants. Five people were detained.

Boeing's Profits, Concerns Rise

9 hours ago (Wed, 23 Jul 2014 20:56:47 EDT)

Boeing reported a 52% rise in profits and raised its earnings guidance, but the company's stock fell on costs for a new Air Force tanker plane.

Newcrest Warns on Write-Downs

2 hours ago (Thu, 24 Jul 2014 04:03:58 EDT)

Newcrest Mining's new chief executive warned of another possible multibillion-dollar write-down of assets, testing the patience of investors already unnerved by weakening metal prices and a recent penalty for disclosure breaches.

Qualcomm Profit Rises; Company Notes 'Challenges' in China

1 hour ago (Thu, 24 Jul 2014 04:57:59 EDT)

Qualcomm's third-quarter profit rose 42% and the San Diego-based company on Wednesday also increased its full-year earnings outlook.

Otter Media in Talks to Buy Fullscreen

7 hours ago (Wed, 23 Jul 2014 22:48:51 EDT)

Otter Media, a joint venture between AT&T Inc. and media company Chernin Group, is in advanced talks to take a controlling stake in YouTube video producer Fullscreen Inc.

Delta, American Still Not Flying to Israel

18 hours ago (Wed, 23 Jul 2014 12:02:38 EDT)

Delta Air Lines and the US Airways unit of American Airlines Group said Wednesday that they will extend their suspension of flights to Tel Aviv through Wednesday.