Business
-
Barclays reports sevenfold increase in profits
Associated Press | July 29, 2015 2:07 amBarclays, Britain’s second largest bank, said Tuesday that second quarter profit increased sevenfold, boosted by earnings from investment banking and a 496 million pound ($774 million) gain on assets acquired from Lehman Brothers in 2008.
-
Belgium’s Solvay to buy US Cytec for $5.5 billion
Associated Press | July 29, 2015 2:07 amBelgium’s chemical group Solvay has announced it will buy U.S.-based Cytec for $5.5 billion, making it the second biggest company in the aerospace composite materials market.
-
Nintendo reports profit but no word on new president
Associated Press | July 29, 2015 1:07 amNintendo posted an 8.28 billion yen ($67 million) profit for the fiscal first quarter, helped by better sales and a cheap yen, but did not announce a new president to lead the company after the death this month of Satoru Iwata.
-
Survey: German consumers remain optimistic
Associated Press | July 29, 2015 1:07 amA closely-watched survey indicates German consumers remain optimistic but are showing signs of worry about the country’s economic situation amid uncertainty about Greece’s financial future.
-
Energy company Total profit slips in 2nd quarter
Associated Press | July 29, 2015 12:07 amFrench energy giant Total SA says its net profit slid 4 percent in the second quarter as higher production helped offset a steep drop in the price of oil.
-
Yelp’s 2Q results, outlook disappoint as stock plunges
Associated Press | July 28, 2015 4:07 pmYelp is getting skewered by investors after the online business review service sank to a second-quarter loss and dimmed its outlook amid a slowdown in its digital advertising sales.
-
Twitter 2Q revenue grows sharply but user growth stays slow
Associated Press | July 28, 2015 3:07 pmTwitter failed to add users at a quick enough pace for investors in the second quarter even as revenue grew sharply, feeding concerns about whether it can ever become a mass-market service like Facebook or Google.
-
FDA approves stomach-filling balloon for weight loss
Associated Press | July 28, 2015 3:07 pmFederal health regulators on Tuesday approved an inflatable medical balloon that aids weight loss by filling up space in the stomach.
-
Packers president: Naming rights off limits for Lambeau
Associated Press | July 28, 2015 3:07 pmThe tradition-rich Packers are embracing trendy throwback looks for their alternate, third jerseys. They’re nearly finished upgrading the wireless connectivity at Lambeau Field to help fans text and tweet about every touchdown pass from MVP quarterback Aaron Rodgers.
-
US agency denies request for Fiat Chrysler investigation
Associated Press | July 28, 2015 2:07 pmU.S. auto safety regulators have rejected a request from an advocacy group to investigate power system failures in almost 5 million Fiat Chrysler vehicles that potentially could cause stalling and other problems.
