Analysts as upbeat as ever on Apple; Investors not so much
(Reuters) – Forget that iPhone unit sales were not as strong as many had expected; that the revenue forecast fell short of the average estimate, and that there was no clarity on Apple Watch sales.
NRF cuts 2015 U.S. retail sales forecast after weak first half
(Reuters) – The National Retail Federation, the biggest U.S. retail association, cut its forecast for retail sales growth in the country this year, citing an unexpected slowdown in growth in the first half of the year.
Boeing profit beats estimates as plane deliveries surge
NEW YORK/BANGALORE (Reuters) – Boeing Co topped earnings estimates and doubled its closely watched quarterly cash flow, partly offsetting a big charge for its aerial tanker program, sending its shares higher.
Fannie Mae sells $500 million bills at higher rates
July 22 (Reuters) – Fannie Mae , the largest U.S. home funding source, said on Wednesday it sold $500 million of benchmark bills at higher interest rates compared with last week’s sale of similar maturities.
BlackBerry to buy messaging alerts firm AtHoc to expand software base
TORONTO (Reuters) – BlackBerry Ltd said on Wednesday it is buying privately-held AtHoc, a provider of secure, networked crisis communications, as it moves to broaden its software offering and generate revenue from its BBM messaging service.
Special Report: Blackstone champions hedge funds for the little guy
NEW YORK (Reuters) – John McCormick has been on a mission for the past five years: to bring hedge funds to the masses.
Home Depot to buy Interline Brands for $1.63 billion
(Reuters) – Home Depot Inc said it agreed to buy home repair and maintenance products seller Interline Brands Inc [ISHLDI.UL] for about $1.63 billion in cash to expand its Pro division, which caters to professional contractors and builders.
‘Brexit’ fears haunt London’s roaring trade in euros
LONDON (Reuters) – If there is a symbol of British ambivalence to Europe then it may be the euro itself.
OPEC sees oil drop as short-term, expects stronger demand: delegates
LONDON/DUBAI (Reuters) – A drop in oil prices this month is likely to be short-term and will not deflect OPEC from its policy of keeping output high to defend market share, delegates from Gulf OPEC members and other nations said.
Stocks sour as Apple results leave bitter aftertaste
LONDON (Reuters) – Shares fell on Wednesday, dragged down by disappointment over U.S. and European corporate earnings, most notably at Apple Inc , the world’s largest company.
