Oil producer Halcon Resources files for bankruptcy protection
(Reuters) – Halcon Resources Corp , which produces oil in Texas and North Dakota, filed for Chapter 11 bankruptcy protection on Wednesday.
Facebook trounces Wall Street estimates with sharp ad sales growth
(Reuters) – Facebook Inc provided more evidence on Wednesday that it can turn eyeballs into profit as the maker of the world’s most popular app and social website trounced Wall Street’s estimates, sending its shares to an all-time high.
Wall St. ends lower after Fed keeps rates unchanged
(Reuters) – Wall Street ended lower on Wednesday after the Federal Reserve left interest rates unchanged but opened the door to a possible rate increase later this year.
Fed leaves rates unchanged, says risks to outlook reduced
WASHINGTON (Reuters) – The Federal Reserve left interest rates unchanged on Wednesday but said near-term risks to the U.S. economic outlook had diminished, opening the door to a resumption of monetary policy tightening this year.
Teva, Allergan win U.S. antitrust approval for generics deal
WASHINGTON (Reuters) – Teva Pharmaceutical Industries Ltd won U.S. antitrust approval to purchase Allergan Plc’s generics business, after agreeing to divest 79 generic drugs to rival firms, the Federal Trade Commission said on Wednesday.
As iPhone sales stagnate, services promise growth for Apple
(Reuters) – Though Apple Inc is selling enough iPhones to keep investors happy for now, the world’s most valuable publicly traded company is set increasingly to rely on its apps and services to drive growth.
SABMiller pauses AB InBev integration amid new offer
LONDON (Reuters) – SABMiller has told employees to pause the integration of its operations with those of Anheuser-Busch InBev as the brewer’s board weighs its sweetened takeover offer, two sources familiar with the matter said.
Venezuela roils corporate profits around the globe
BOSTON (Reuters) – U.S. companies operating in Venezuela have escalated the use of an accounting maneuver to insulate themselves from a worsening economic crisis in the South American country that has erased more than $10 billion in profits over the pa…
Boeing posts lower-than-expected second-quarter loss, stock gains
NEW YORK (Reuters) – Boeing Co reported a smaller-than-expected second-quarter loss on Wednesday, cushioned by strong performances in its jetliner and defense businesses.
U.S. durable goods orders data points to weak business spending
WASHINGTON (Reuters) – New orders for U.S. manufactured capital goods rose less than expected in June amid weak demand for machinery, suggesting an ongoing downturn in business spending.
