Home » Posts Tagged "News"

News Stories

Apple revenue lags Street’s view despite strong China growth

SAN FRANCISCO (Reuters) – Apple Inc posted a smaller-than-expected 6 percent rise in quarterly revenue on Tuesday, but revenue surged 28 percent in greater China despite stiff competition in its third-largest market. It sold 35.2 million iPhones in the June … Continue reading

Filed under Business | Tagged , , , |

With sales sputtering, Apple’s iPad looks to IBM alliance

SAN FRANCISCO (Reuters) – Apple Inc’s iPad is losing steam just four years after its release, but an alliance with International Business Machines Corp could rejuvenate a flagging product by entering into a largely untapped corporate market. Apple shipped 13.2 … Continue reading

Filed under Business | Tagged , , , |

U.S. judge orders Argentina, creditors to meet until deal reached

NEW YORK (Reuters) – A U.S. judge ordered Argentina and investors who did not participate in the country’s past debt restructurings to meet “continuously” with a court-appointed mediator until a settlement is reached, warning of the threat of a new … Continue reading

Filed under Business | Tagged , , , |

Asia stocks rise as risk aversion wanes, Aussie spikes

TOKYO (Reuters) – Asian stocks edged up on Wednesday as risk aversion triggered by recent geopolitical tensions continued to ebb, while the Australian dollar spiked on stronger-than-expected inflation data. Violence continued in Gaza, but hopes rose for an easing of … Continue reading

Filed under Business | Tagged , , , |

Indonesian president-elect Jokowi calls for unity after bitter election

JAKARTA (Reuters) – Joko “Jokowi” Widodo was declared the winner of Indonesia’s presidential election on Tuesday, bringing the promise of major reforms to the world’s third largest democracy. The Elections Commission, known as KPU, said the Jakarta governor had won … Continue reading

Filed under Top Stories | Tagged , , , , , |

Train carrying MH17 bodies on final journey reaches Ukraine city

DONETSK Ukraine (Reuters) – A train carrying the remains of many of the 298 victims of Malaysia Airlines flight MH17 arrived in a Ukrainian government-held city on Tuesday on the first leg of their final journey home to be reclaimed … Continue reading

Filed under Top Stories | Tagged , , , , , |

Violations at McDonald’s, Yum China supplier company-led: regulator

SHANGHAI (Reuters) – Food safety violations at Shanghai Husi Food Co Ltd, a supplier to global brands including McDonald’s Corp and Yum Brands Inc, were company-led and not the acts of individuals, the official Xinhua news agency said, citing the … Continue reading

Filed under Top Stories | Tagged , , , , , |

Abbas-led Palestinian body backs Hamas truce demands in Gaza

GAZA/JERUSALEM (Reuters) – The Palestinian decision-making body led by U.S.-backed President Mahmoud Abbas on Wednesday endorsed demands by Hamas for halting Gaza hostilities with Israel, a closing of ranks that may help Egyptian-mediated truce efforts. With Israeli and U.S. encouragement, … Continue reading

Filed under Top Stories | Tagged , , , , , |

McDonald’s profit falls on weak U.S. sales

(Reuters) – McDonald’s Corp’s quarterly profit slipped about 1 percent as comparable sales in its struggling U.S. business fell, hurt by lower consumer traffic. The company’s net income fell to $1.39 billion, or $1.40 per share, in the second quarter … Continue reading

Filed under Business | Tagged , , , |

JPMorgan begins to provide consumer help under $13 billion settlement

WASHINGTON (Reuters) – JPMorgan Chase Co has begun to provide the debt forgiveness and other help to struggling homeowners under last year’s $13 billion accord with federal and state authorities, though it has only turned over a handful of details, … Continue reading

Filed under Business | Tagged , , , |