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Business

Fed likely to upgrade outlook, stay mum on rates

USA TODAY - ‎1 hour ago‎
Despite encouraging rebounds in both job growth and markets in recent weeks, the Federal Reserve is expected to maintain its poker face this week, offering few, if any, clues as to whether it will raise interest rates in September, economists say.

AB InBev Raises Offer for SABMiller

Wall Street Journal - ‎1 hour ago‎
LONDON— Anheuser-Busch InBev BUD -0.13 % NV and SABMiller SBMRY -0.65 % PLC are back at the negotiating table. AB InBev on Tuesday raised its offer for London-based SABMiller in their proposed $100 billion-plus beer megamerger, seeking to ...

Where next for solar-powered flight?

BBC News - ‎21 minutes ago‎
There was something mesmerising about watching Solar Impulse come in to land, particularly at night. Moving slowly but deliberately, its LEDs lighting the way - the plane did look very different to anything we would recognise at an airport.

CMO Today: Key Questions Hang Over Verizon-Yahoo Deal

Wall Street Journal - ‎11 minutes ago‎
YAHOO YHOO -2.69 % QUESTIONS: Now that everyone has had a moment to digest that one-time digital media titan Yahoo is about to join AOL as a part of Verizon Communications, VZ -0.41 % folks in the advertising industry have some tough questions, ...

Starbucks allows pink hair, fedoras under new dress code

USA TODAY - ‎15 hours ago‎
NEW YORK -- Pink hair? It's fine under Starbucks' new dress code. Or purple or green. “If hair color is your style, it's welcome,” says Starbucks look book, as long as the coloring is “permanent or semi-permanent, in keeping with food-safety standards.

Eli Lilly Revenue Helped by Sales of New Drugs

Wall Street Journal - ‎36 minutes ago‎
Eli Lilly & Co. reported Tuesday that revenue rose more than expected in the most recent quarter, as sales of new drugs padded increases in established products.

Refiner Valero's profit beats as crude costs stay low

Reuters - ‎23 minutes ago‎
Valero Energy Corp (VLO.N) reported a bigger-than-expected quarterly profit as the U.S. refiner continued to benefit from low crude costs.

BOJ leaning toward standing pat on policy, yen moves may complicate call

Reuters - ‎1 hour ago‎
TOKYO The Bank of Japan is leaning toward holding off on monetary easing on Friday, as an expected government spending package takes some pressure off policymakers to expand an already massive and increasingly controversial stimulus programme.

Report: FCA internal report finds inflated sales

Detroit Free Press - ‎15 hours ago‎
Fiat Chrysler Automobiles discovered its sales were overstated by several thousand vehicles when it conducted an internal review last year, trade publication Automotive News reported on Monday, citing two unnamed sources at the automaker.

Verizon posts earnings of 94 cents a share vs. 92 cents expected

CNBC - ‎45 minutes ago‎
Verizon Communications reported quarterly earnings Tuesday that beat analysts' expectations, but narrowly missed on revenue. The company posted second-quarter earnings per share of 94 cents, beating analysts' expectations.

Starwood Hotels reports 2Q loss

The Republic - ‎54 minutes ago‎
STAMFORD, Conn. - Starwood Hotels & Resorts Worldwide Inc. (HOT) on Tuesday reported a second-quarter loss of $263 million, after reporting a profit in the same period a year earlier.

UPDATE 2-DuPont profit beats as lower costs boost margins

Reuters - ‎58 minutes ago‎
... * Raises lower end of FY oper. earnings forecast by 10 cents. * Lowers dollar impact on FY profit to 15 cents from 20 cents. * Continues to expect to close Dow merger later this year - CEO.

Reynolds American Sales Climb, Helped by Lorillard

Wall Street Journal - ‎21 minutes ago‎
Reynolds American Inc. said sales climbed 33% in its latest quarter as the tobacco company continues to benefit from last year's acquisition of rival Lorillard Inc., though results fell short of expectations.

EU Accepts Paramount Concessions in Antitrust Probe of Studios' European Pay TV Deals

Hollywood Reporter - ‎1 hour ago‎
The studio had offered concessions in the high-profile probe of geographical restrictions in film licensing deals between Sky and the six Hollywood majors.

Retail sales forecast looking brighter

CNBC - ‎1 hour ago‎
In the face of sluggish global growth and uncertainty over the presidential election, the retail industry's trade organization sees signs that the positive trends influencing consumer spending are outmuscling the negative.

Vivendi Backs Out of Deal to Buy Berlusconi's Pay-TV Unit

Bloomberg - ‎3 hours ago‎
Vivendi SA pulled out of a deal to buy all of Mediaset SpA's pay-TV unit after, setting up a dispute with the company founded by former Italian premier Silvio Berlusconi and triggering a sell-off in its shares.

Is General Electric Company Stock An Attractive Buy Post Q2 Earnings?

Amigobulls - ‎1 hour ago‎
General Electric Company Stock Sold Off After Announcing A Q2 Beat. Oil & Gas and Transportation were the main culprits. However, bullish crude oil fundamentals and ongoing cost cutting measures will ensure the stock will remain elevated.

British oil major BP pursues new projects despite profit miss

Reuters - ‎25 minutes ago‎
LONDON BP will forge ahead with at least three more new projects this year, its CEO said, despite the British oil major reporting a 45 percent drop in second-quarter earnings that prompted a cut in its 2016 investment budget to below $17 billion ...

Smart Beta ETFs Enjoy Surge of Popularity in Europe

Institutional Investor - ‎6 hours ago‎
Growth rate of these factor-based products takes off, with low-volatility funds leading the pack. By Gerrard Cowan. Photo credit: Justin Chin/Bloomberg.

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