Business News
-
Vodafone Q3 revenue down 7.7 percent
Tweet Share on Facebook 5:07AM July 20, 2012 CommentLONDON (AP) — Vodafone Group PLC, Europe's largest mobile phone company, said Friday that revenue fell by 7.7 percent in the three months ending June 30 compared with a year earlier as gains in emerging markets were offset by a patchy performance in Europe.
-
Heineken makes $4.1B bid to raise Tiger beer stake
Tweet Share on Facebook 4:20AM July 20, 2012 CommentSINGAPORE (AP) — Heineken said Friday it is offering $4.1 billion to buy out its partner in the Singapore-based maker of Tiger beer, attempting to neutralize a Thai tycoon's competing bid for influence over the brand as the Dutch brewer expands in emerging markets.
-
Venture funding falls 12 percent in 2Q to $7B
Tweet Share on Facebook 3:15AM July 20, 2012 CommentNEW YORK (AP) — Funding for startups fell 12 percent in the April-June period as venture capitalists poured less money into fewer deals than a year earlier. But the number of companies getting funded in the earliest stages of development reached the highest level in more than a decade — a hopeful sign for the broader economy and an indication that investors are willing to wait for returns.
-
New iPad Goes On Sale in China After Suit Settled
Tweet Share on Facebook 12:19AM July 20, 2012 Comment
iPad and iPhone
BEIJING (AP) — Apple released its newest iPad in China on Friday after settling a lawsuit over ownership of its name and requiring buyers to place orders in advance to control crowds.
-
Heineken makes $4.1B bid for Tiger beer brewer
Tweet Share on Facebook 11:37PM July 19, 2012 CommentSINGAPORE (AP) — Heineken has made a $4.1 billion offer to take full control of the Singapore-based maker of Tiger beer, attempting to see off a competing bid from Thailand's biggest beverage maker.
-
Yahoo CEO Mayer's pay package worth more than $59M
Tweet Share on Facebook 10:19PM July 19, 2012 CommentNEW YORK (AP) — Yahoo is giving its new chief executive Marissa Mayer a compensation package worth more than $59 million over the next several years.
-
Military spending fight hits foreign oil, biofuel
Tweet Share on Facebook 7:56PM July 19, 2012 CommentABOARD THE USS NIMITZ (AP) — Some 100 nautical miles northeast of Oahu in the Pacific Ocean, a fleet of U.S. Navy fighter jets slings from the deck of the U.S.S. Nimitz aircraft carrier, leaving thin trails of smoke on the tight runway.
-
NY insider trading witness gets 2 years' probation
Tweet Share on Facebook 7:48PM July 19, 2012 CommentNEW YORK (AP) — A former financial consultant-turned-government witness was spared prison time Thursday and given only two years of probation after prosecutors credited him with helping convict a pair of Wall Street titans on insider trading charges.
-
Brazil says Chevron oil leak larger than estimated
Tweet Share on Facebook 6:46PM July 19, 2012 CommentRIO DE JANEIRO (AP) — An investigation by regulators found that Chevron Corp. could have prevented an offshore oil leak last year and that the spill was larger than previously estimated, the head of Brazil's National Petroleum Agency said Thursday.
-
CEOs of AMR, US Airways discuss merger options
Tweet Share on Facebook 6:18PM July 19, 2012 CommentDALLAS (AP) — The CEOs of American Airlines parent AMR Corp. and US Airways met over breakfast Thursday to talk about potential merger scenarios.
-
Verizon's wireless glows, broadband hits wall
Tweet Share on Facebook 5:28PM July 19, 2012 CommentNEW YORK (AP) — Verizon Communications Inc., parent of the country's largest cellphone carrier, on Thursday said its net income rose 13 percent in the second quarter as its wireless arm pulled in record profits.
-
Sexual harassment lawsuit roils Silicon Valley
Tweet Share on Facebook 5:27PM July 19, 2012 CommentSAN FRANCISCO (AP) — The Silicon Valley venture capital firm of Kleiner, Perkins, Caulfied & Byers has been generating buzz for decades, spotting early investment opportunities and making billions with companies like Google and Amazon. This summer, the attention is no different, but the reason for it is.
-
Walgreen, Express Scripts sign new agreement
Tweet Share on Facebook 5:14PM July 19, 2012 CommentThe Walgreen pharmacy chain will begin filling prescriptions from customers in the Express Scripts network again starting in September under a new multiyear contract that ends a costly impasse between the companies.
-
AutoNation net up 9.3 pct on increased car sales
Tweet Share on Facebook 5:12PM July 19, 2012 CommentRICHMOND, Va. (AP) — AutoNation Inc. said Thursday that its second-quarter net income rose 9.3 percent as the nation's largest dealership chain sold more new and used vehicles.
-
Higher prices lift Union Pacific 2Q profit 28 pct
Tweet Share on Facebook 5:10PM July 19, 2012 CommentOMAHA, Neb. (AP) — Union Pacific said Thursday that its second-quarter net income surged 28 percent, as the nation's largest railroad collected higher prices and fuel surcharges and handled slightly more cargo. Its shares rose 3.5 percent after hitting an all-time high earlier.
-
Southwest's 2Q profit rises on revenue increase
Tweet Share on Facebook 5:00PM July 19, 2012 CommentDALLAS (AP) — Rising fares are helping Southwest Airlines Co. more than offset the high cost of jet fuel.
-
Philip Morris Int'l 2Q profit falls 4 percent
Tweet Share on Facebook 4:58PM July 19, 2012 CommentRICHMOND, Va. (AP) — Cigarette maker Philip Morris International Inc. said Thursday its second-quarter net income fell 4 percent, despite higher prices, as the company sold fewer cigarettes.
-
UnitedHealth's 2nd-qtr profit rises 5.5 percent
Tweet Share on Facebook 4:53PM July 19, 2012 CommentWASHINGTON (AP) — UnitedHealth Group said Thursday that its second-quarter net income rose 5.5 percent, trumping Wall Street expectations, as enrollment gains helped fuel revenue growth and consumers continued to moderate their use of health care services.
-
Safeway Profit Drops Amid Growing Competition
Tweet Share on Facebook 4:45PM July 19, 2012 Comment
O Organics brand salsa from Safeway.
NEW YORK (AP) — Safeway Inc. said Thursday that its net income fell 16 percent in the second quarter, as the grocery store operator spent more on advertising and rolled out a new loyalty program to stave off growing competition.
-
Microsoft Reports First Loss As Public Company
Tweet Share on Facebook 4:38PM July 19, 2012 Comment
Microsoft CEO Steve Ballmer speaks after the new tablet called Surface was unveiled during a news conference at Milk Studios in Los Angeles, Calif.
LOS ANGELES (AP) — Microsoft said Thursday that an accounting adjustment to reflect a weak online ad business led to its first quarterly loss in its 26 years as a public company.
