Airbnb hires Blackstone CFO Tosi
(Reuters) – Blackstone Group LP said Chief Financial Officer Laurence Tosi had resigned to become the CFO of online home rental website Airbnb Inc.
Nikkei’s ‘pink ‘un’ buy highlights need to escape greying Japan
HONG KONG (Reuters) – In splashing $1.3 billion for Britain’s Financial Times, media group Nikkei is just the latest in a string of Japanese companies driven to look overseas to escape poor growth prospects from a rapidly aging domestic population.
SUV sales to help push U.S. July auto sales up 3.2 percent: JD Power
DETROIT (Reuters) – Strong sales of small SUVs will help push U.S. July auto sales to a 3.2 percent gain as full-year sales are headed to 17.1 million vehicles, J.D. Power and LMC Automotive forecast on Friday.
Energy Future favors Hunt debt repayment plan to exit bankruptcy
(Reuters) – As Energy Future Holdings Corp nears a deadline for ending its bankruptcy, Texas’s largest power company has crowned a group supported by Hunt Consolidated Inc as the new leader in the effort to craft the best plan.
Boeing looks at pricey titanium in bid to stem 787 losses
SEATTLE (Reuters) – Boeing Co , which loses about $23 million on every 787 Dreamliner passenger jet that leaves the factory, is trying to stem the losses by cutting the use of one of its signature ingredients: titanium.
U.S. factory activity inches up in July: Markit
NEW YORK, (Reuters) – Growth in the U.S. manufacturing sector edged up in July after slowing for three months in a row, according to an industry report released on Friday.
U.S. stocks open lower after mixed bag of earnings
(Reuters) – Wall Street opened slightly lower on Friday amid a mixed bag of earnings from big companies and lower commodity prices.
American Airlines beats second-quarter estimate, declares buyback, dividend
(Reuters) – American Airlines Group Inc on Friday reported second-quarter profit that topped analysts’ expectations and declared a stock buyback and dividend as cheap fuel continued to benefit its bottom line.
AbbVie reports first revenue miss in six quarters
(Reuters) – AbbVie Inc on Friday reported quarterly revenue that missed analysts’ estimates for the first time in six quarters, sending its shares down 3 percent in premarket trading.
Greece loosens capital restrictions on businesses
ATHENS (Reuters) – Greece started loosening restrictions on foreign transfers by businesses on Friday, unblocking imports held up after the country introduced capital controls last month.
