Fox projects growth as it invests in new channels
LOS ANGELES (Reuters) – Rupert Murdoch’s Twenty-First Century Fox Inc, the film and TV company recently separated from News Corp, expects to increase profit over the next few years as it invests in new sports and entertainment networks, Chief Operating…
Hillshire gives cautious outlook on higher costs
(Reuters) – Hillshire Brands Co forecast earnings for its new fiscal year below Wall Street estimates as the newly independent meat company faces higher commodity costs and intense competition.
GM’s CFO says not just yet on hoped-for dividend
TRAVERSE CITY, Michigan (Reuters) – General Motors Co’s financial chief said on Thursday that the U.S. automaker has no current plans to pay a dividend on its common shares, a move that many investors have longed for.
Goldman to sell majority of European insurer: filing
NEW YORK (Reuters) – Goldman Sachs Group Inc plans to sell a majority stake in its European insurance business over the next year, according to a regulatory filing on Thursday.
T-Mobile US customer growth beats Street, shares rise
NEW YORK (Reuters) – T-Mobile US reported subscriber growth that blew past analysts’ expectations as it ended four years of customer losses with a big marketing push and its launch of the Apple Inc iPhone, sending its shares up almost 5 percent.
SEC must cut fine against British fund over abusive trades: U.S. court
(Reuters) – A British hedge fund firm and its chief executive must give up $38.4 million of profit tied to abusive mutual fund trading, but a civil fine in that amount must be reduced, in a case brought by the U.S. Securities and Exchange Commission, a…
Groupon shares leap 28 percent as comeback effort accelerates
SAN FRANCISCO (Reuters) – Shares in Groupon Inc soared as much as 28 percent on Thursday, chalking up their biggest one-day gain after the once-struggling Internet discounts website showed signs its turnaround effort was gaining momentum.
Dean Foods to close milk factories as earnings sour
(Reuters) – Top U.S. dairy company Dean Foods Co said it would close up to 15 percent of its factories in the face of increasing competition and falling volumes, as it reported a quarterly loss and warned of more tough times ahead.
July sales push Audi past BMW for third time in seven months
BERLIN (Reuters) – Volkswagen’s key profit driver Audi outsold BMW for the third time in seven months, but continues to trail the luxury-car champion on the annual scorecard.
McDonald’s July sales just beat, helped by Monopoly, McWraps
(Reuters) – McDonald’s Corp on Thursday reported slightly higher-than-expected July sales at established restaurants after the early return of its popular Monopoly promotion and new premium wrap sandwiches helped bring U.S. gains that offset weakness i…
