UPS in talks to buy Coyote Logistics for at least $1.8 billion: source
CHICAGO/NEW YORK (Reuters) – Package delivery United Parcel Service Inc is in talks to buy Chicago-based Coyote Logistics LLC for at least $1.8 billion, a source familiar with negotiations said on Wednesday.
Microsoft’s hardware strategy under scrutiny after record loss
(Reuters) – Sales of Microsoft Corp’s Surface tablets and Xbox gaming consoles are soaring.
U.S. home sales approach eight-and-a-half-year high, prices surge
WASHINGTON (Reuters) – U.S. home resales rose in June to their highest level in nearly 8-1/2 years, a sign of pent-up demand that should buoy the housing market recovery and likely keep the Federal Reserve on track to raise interest rates later this ye…
Deeper back-to-school discounts to hurt teen clothing retailers
(Reuters) – U.S. teenage apparel retailers face another tough back-to-school season as they are forced to discount more to lure customers who are flocking to trendier shops and embracing online shopping.
Coke’s second-quarter profit, sales beat estimates
(Reuters) – Coca-Cola Co on Wednesday reported higher-than-expected quarterly earnings and revenue as it raised prices and boosted sales volumes in North America, where it has struggled to grow as consumers ditch soda for healthier options.
Amazon expands home services marketplace in U.S. cities
SEATTLE (Reuters) – Amazon.com Inc said on Wednesday it would expand a marketplace that offers home services from plumbing to fence repairs in 15 U.S. cities and help customers find contractors for more expensive home projects as it develops its role as a middle man for third-party vendors. The e-commerce company said it now offers more than 15 million unique services through its home services marketplace, up from 2 million when it launched in March.
Betting on blockchain: firms seek fortune in bitcoin’s plumbing
LONDON (Reuters) – A year ago, bitcoin was widely dismissed as little more than a way for drug-dealers and terrorists to move money around anonymously. Now, some of the world’s biggest banks and companies are buying into the technology behind it.
Iran deal offers faint hope for Iranian-American banking woes
NEW YORK (Reuters) – The Iran nuclear pact could eventually help thousands of Iranian-Americans who have struggled with red tape, shuttered accounts, and even criminal prosecution to conduct bank transactions, although relief seems unlikely anytime soo…
On reform, Europe asks Greece to go where many fear to tread
PARIS/BERLIN (Reuters) – Greece’s new bail-out deal imposes a stiff dose of budget rigor and market deregulation which critics say few leaders of Western Europe’s biggest nations have dared serve their own voters.
$5.7 billion wiped off European tech shares after Apple outlook disappoints
LONDON (Reuters) – Top European technology stocks shed nearly $6 billion of market value on Wednesday, with suppliers for Apple the top fallers after the tech giant’s revenue forecasts fell short of expectations.
