Wall Street ends flat; Expedia flies after the bell
(Reuters) – Wall Street ended flat on Thursday as investors digested ho-hum corporate earnings and new data showed that the economy grew more quickly in the second quarter.
GE may ship $10 billion in work overseas as U.S. trade bank languishes
WASHINGTON (Reuters) – General Electric Co is taking steps to shift some U.S. manufacturing work overseas now that the U.S. Export-Import Bank will be shuttered at least until September, the industrial giant’s global operations boss told Reuters on Thu…
Fed’s ‘nearly balanced’ language no bar to Sept rate rise
WASHINGTON (Reuters) – The U.S. Federal Reserve will not need to see balanced risks to the economy to proceed with an interest rate hike in September, according to former Fed officials and a review of central bank statements through recent turns in pol…
Amgen profit tops Street view, boosts full-year forecast
(Reuters) – Amgen Inc on Thursday reported higher-than-expected second-quarter profit and revenue, helped by strong sales of its Enbrel rheumatoid arthritis drug and cost cutting, and the company raised its full-year forecasts.
Mexico says trade talks must take note of very sensitive products
LAHAINA, Hawaii (Reuters) – Pacific Rim trading partners have to make an effort to seal an ambitious free trade deal but must also recognize that very sensitive markets cannot be thrown open to full competition immediately, Mexican Trade Minister Ildef…
Airbus seeks to rebuild trust as A400M systems fall short
PARIS (Reuters) – Airbus Group has told buyer nations of the A400M transporter aircraft that it cannot deliver all of its high-tech defenses according to plan, casting a shadow over some of its military uses as Europe battles growing instability on its…
Facebook shares dip as results fail to impress
(Reuters) – Facebook Inc’s shares fell as much as 5 percent on Thursday, after the company’s weak advertising sales growth outlook dampened investor expectations boosted by Google Inc’s strong report earlier this month.
Venezuela currency blues hit U.S. blue-chip companies
BOSTON (Reuters) – Venezuela’s currency woes cut nearly $3 billion in profit at U.S. blue-chip companies during the second quarter and prompted Procter & Gamble Co to remove its operations in the South American country from its consolidated financial reports.
Google loses bid to overturn low-cost patent licenses to Microsoft
NEW YORK (Reuters) – In a setback for Google Inc , a U.S. appeals court ruled on Thursday that the low licensing rate Microsoft Corp pays to use some of Google’s Motorola Mobility patents had been properly set.
P&G results raise concerns about pace of turnaround
(Reuters) – Procter & Gamble Co reported its sixth straight quarter of falling sales, hurt mainly by the stronger dollar.
