VW’s Audi posts 2.3 percent rise in July sales
BERLIN (Reuters) – Audi sold 2.3 percent more cars in July on growing demand for the redesigned top-selling A4 saloon, though kept trailing behind German luxury rivals BMW and Mercedes-Benz .
IBM’s Watson won Jeopardy, but can it win business from banks?
NEW YORK (Reuters) – International Business Machines Corp is in an unusual fix in telling big U.S. banks they can use its Watson software of Jeopardy-winning fame as a cost-saving solution: bankers say they like it, but cannot afford it.
Google Ventures CEO Bill Maris quits: Recode
(Reuters) – Bill Maris, the chief executive and founder of Alphabet Inc’s venture capital arm GV, is leaving the company, Recode reported, citing sources.
Valeant under criminal investigation over Philidor ties: WSJ
NEW YORK/SAN FRANCISCO (Reuters) – U.S. prosecutors have opened a criminal investigation into Valeant Pharmaceuticals International Inc over whether it hid from insurers its relationship with a specialty pharmacy that helped boost its drug sales, the …
Lynn Tilton defends against allegation of loan fund ‘shell game’
DOVER, Del. (Reuters) – Embattled investor Lynn Tilton defended herself in a Delaware court on Wednesday against allegations that she had not disclosed the complex holdings of $2.5 billion distressed debt funds that she lost control of this year.
Oil slide pulls Wall Street back from record levels
(Reuters) – Wall Street retreated from record levels on Wednesday after a drop in oil prices pressured energy stocks, while shares of Walt Disney surged on its results and an acquisition.
Shake Shack restaurant sales disappoint, stock drops
(Reuters) – Shake Shack Inc , known for indulgent antibiotic-free hamburgers, crinkle-cut fries and frozen custard shakes, on Wednesday said quarterly sales growth at established restaurants had slowed more than analysts expected, news that sent shares…
Boeing will not raise 787 production unless market demands it
NEW YORK (Reuters) – Boeing Co said on Wednesday it will not increase 787 output and could further cut 777 output unless sales of both jets improve, its clearest indication yet that its production of large jetliners may have peaked for now.
New York City’s economy slowed in second quarter: Comptroller
NEW YORK (Reuters) – New York City’s economy slowed in the second quarter with drops in job creation and personal income tax revenues contributing to the slowest pace of activity since the fourth quarter of 2013, the city’s comptroller said on Wednesda…
Wall Street bonuses expected to decline for bankers, traders: report
(Reuters) – Wall Street bonuses are expected to decline this year for both bankers and traders, compensation consulting firm Johnson Associates Inc. said on Wednesday.
