Kraft Foods quarterly profit falls 16 percent, but tops expectations
(Reuters) – Kraft Foods Group Inc , which is merging with ketchup maker H.J. Heinz Co [HJHC.UL], on Tuesday reported profit that topped analyst estimates, driven by reduced advertising spending and overhead.
Detroit automakers rely on U.S. truck sales for global profits
DETROIT (Reuters) – Detroit automakers have come full circle, relying as they did before the financial crisis on profits from selling trucks and sport utility vehicles in the United States to cover losses overseas.
Dow, S&P 500 end up with Merck, IBM; Nasdaq slips with Apple
(Reuters) – The Dow and S&P 500 ended a volatile session higher on Tuesday, helped by strong earnings from Merck and gains in IBM after it boosted its dividend, while the Nasdaq fell with Apple.
Selerity reveals Twitter results ahead of schedule
(Reuters) – Micro-blogging website Twitter Inc had lower-than-expected quarterly revenue, according to market data firm Selerity, which revealed the earnings numbers before the company’s scheduled announcement.
Selerity reveals Twitter results ahead of schedule
(Reuters) – Micro-blogging website Twitter Inc had lower-than-expected quarterly revenue, according to market data firm Selerity, which revealed the earnings numbers before the company’s scheduled announcement.
U.S. auto safety regulator poised for action on Takata, Jeep recalls
WASHINGTON (Reuters) – The National Highway Traffic Safety Administration expects to be ready to take action within two weeks to accelerate product recalls to reduce the safety risks associated with gas tank fires in older Jeep sport utility vehicles a…
Citigroup leaders win shareholder support as stock lags
NEW YORK (Reuters) – Citigroup Inc shareholders re-elected directors and overwhelmingly sided with the board on proposals at their annual meeting on Tuesday even as their stock traded for less than the company thinks it is worth.
MasterCard seen stealing a march on Visa as China opens doors
(Reuters) – MasterCard Inc’s strong association with Chinese bank card behemoth UnionPay is expected to help it reap more benefits than larger rival Visa Inc as the country opens up its $7 trillion bank card payments market to foreign players.
Goldman sees $1 trillion lift in 2015 via U.S. stock buybacks, dividends
NEW YORK (Reuters) – Investors will rake in more than $1 trillion in 2015 as U.S. companies increase stock buybacks and boost dividends, Goldman Sachs Group Inc said, with benefits coming soon as many S&P 500 companies exit a blackout period for repurchases next week.
Ford first-quarter profit misses expectations, 2015 profit outlook affirmed
DEARBORN, Mich. (Reuters) – Ford Motor Co reported a first-quarter profit that was less than analysts expected, selling fewer vehicles in North America as it worked to increase production of the redesigned F-150 pickup truck, and losing money in South …
