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Harvard University Endowment Head Resigns - Wall Street Journal

Wed, 07/27/2016 - 12:41pm

Wall Street Journal

Harvard University Endowment Head Resigns
Wall Street Journal
The head of Harvard University's $37.6 billion endowment has resigned two months after taking a temporary medical leave of absence, according to a school announcement. Stephen Blyth, a 48-year-old native of England who earned a Ph.D. in statistics at ...
Harvard endowment chief resigns for personal reasonsThe Boston Globe
Harvard Endowment Chief Blyth Resigns Following Medical LeaveBloomberg
Harvard University endowment chief Stephen Blyth resignsReuters
Chief Investment Officer -Sovereign Wealth Fund Institute
all 6 news articles »Google News

US stock indexes slip; Apple jumps on strong earnings - Atlanta Journal Constitution

Wed, 07/27/2016 - 11:36am

Atlanta Journal Constitution

US stock indexes slip; Apple jumps on strong earnings
Atlanta Journal Constitution
Want more news? Sign up for free newsletters to get more of the AJC delivered to your inbox. NEW YORK — Stocks were moving mostly lower in late morning trading Wednesday as gains in technology stocks like Apple were offset by declines in consumer ...
Markets Right Now: US stocks mostly lower at middayWashington Post
US stocks rise, helped by jump in Apple sharesChicago Tribune

all 13 news articles »

Tech Shares Climb as Apple Surges - Wall Street Journal

Wed, 07/27/2016 - 11:05am

Wall Street Journal

Tech Shares Climb as Apple Surges
Wall Street Journal
Tech shares rose Wednesday, boosted by gains in Apple. The tech giant, which was up 6.6% in recent trading, gave expectations for the current quarter that exceeded analyst expectations late Tuesday. Apple added about 43 points to the Dow Jones ...
US stocks open higher boosted by Apple as Fed loomsMarketWatch
Wall Street gives up gains as Coke, weak oil dragReuters
Wall Street seen higher ahead of Fed announcementCNBC
TheStreet.com -USA TODAY -StreetInsider.com -The Australian
all 154 news articles »

U.S. Stocks Fluctuate as Apple Rally Overshadowed by Earnings - Bloomberg

Wed, 07/27/2016 - 10:37am

Atlanta Journal Constitution

U.S. Stocks Fluctuate as Apple Rally Overshadowed by Earnings
Bloomberg
U.S. stocks fluctuated before the Federal Reserve's latest policy decision, as a rally in Apple Inc. was offset by earnings-sparked declines in companies from Coca-Cola Co. to Twitter Inc. Apple jumped the most in a year after posting a smaller-than ...
Stocks Rise At Open As Apple Hauls Techs HigherInvestor's Business Daily
US stocks climb as Apple shares soarMarketWatch
US stocks rise, helped by jump in Apple sharesWashington Post
Los Angeles Times -SFGate -Morningstar.com -Barron's (blog)
all 21 news articles »

Eli Lilly (LLY) Announces Resignation of CEO John Lichleiter, CNBC Reports - TheStreet.com

Wed, 07/27/2016 - 10:17am

TheStreet.com

Eli Lilly (LLY) Announces Resignation of CEO John Lichleiter, CNBC Reports
TheStreet.com
NEW YORK (TheStreet) -- Drug manufacturer Eli Lilly (LLY) announced John Lichleiter will retire as CEO and president at the end of the year, CNBC's Joe Kernen reported on "Squawk Box" Wednesday. The board of Eli Lilly has elected David Ricks, current ...
John C. Lechleiter to Retire as Lilly CEO; Board Elects David A. Ricks as SuccessorPR Newswire (press release)
Eli Lilly CEO John Lechleiter to retireIndianapolis Star
Eli Lilly CEO John Lechleiter to Retire, David Ricks to Replace HimWall Street Journal
Xconomy -Reuters -New York Times -MarketWatch
all 18 news articles »

US Pending Home Sales Edged Higher in June - Wall Street Journal

Wed, 07/27/2016 - 10:01am

Wall Street Journal

US Pending Home Sales Edged Higher in June
Wall Street Journal
WASHINGTON—A measure of homes under contract for sale rose slightly in June, as ongoing job growth and low interest rates continued to support the U.S. housing market going into the second half of the year. The National Association of Realtors ...
Affordability constraints hold back pending home salesHousingWire
Pending home sales eked out 0.2% gain in JuneCNBC
Pending Home Sales Marginally Rise in JunePR Newswire (press release)
Business Insider -Press of Atlantic City -Bloomberg -MarketWatch
all 21 news articles »

US stocks open higher boosted by Apple as Fed looms - Morningstar.com

Wed, 07/27/2016 - 9:42am

US stocks open higher boosted by Apple as Fed looms
Morningstar.com
U.S. stocks opened higher on Wednesday, supported by Apple Inc.'s stronger-than-expected earnings ahead of a Federal Reserve statement due in the afternoon. Investors largely shrugged off a report on durable-goods orders, which logged their biggest ...

and more »

Mondelez Reports Higher Profit, Plans to Expand in China - Wall Street Journal

Wed, 07/27/2016 - 9:14am

Wall Street Journal

Mondelez Reports Higher Profit, Plans to Expand in China
Wall Street Journal
Mondelez International Inc. MDLZ -1.73 % said its second-quarter earnings rose 14% with a boost from income generated by its interest in the snack maker's former coffee business. Separately Wednesday, the Deerfield, Ill., company said it would ...
Mondelez Combats Slump With Cost Cutting, Lifting ProfitBloomberg
Mondelez hopes for sweet success as it launches chocolate in ChinaChicago Tribune
Stick With Mondelez Despite Its Revenue MissTheStreet.com
Madison.com -Chicago Daily Herald -Nasdaq -Food Dive
all 54 news articles »

US Durable Orders Tumble 4.0% on Overseas Turmoil - Wall Street Journal

Wed, 07/27/2016 - 8:53am

Wall Street Journal

US Durable Orders Tumble 4.0% on Overseas Turmoil
Wall Street Journal
WASHINGTON—Demand for long-lasting factory goods fell sharply in June, a sign overseas turmoil is weighing on U.S. manufacturers. New orders for durable goods—aircraft, industrial machinery and other products that are designed to last at least three ...
US durable goods orders fell 4.0% in June vs. 1.1% drop expectedCNBC
U.S. Capital Goods Orders Rise for First Time in Three MonthsBloomberg
Orders for durable goods plunged in JuneUSA TODAY
MarketWatch -Investor's Business Daily -Nasdaq -Lynchburg News and Advance
all 15 news articles »

Apple (AAPL): The Worst is Behind Us - Needham & Company - StreetInsider.com

Wed, 07/27/2016 - 7:04am

Apple (AAPL): The Worst is Behind Us - Needham & Company
StreetInsider.com
Get access to the best calls on Wall Street with StreetInsider.com's Ratings Insider Elite. Get your Free Trial here. Needham & Company analyst Laura Martin reiterated a Strong Buy rating and $150 price target on Apple (NASDAQ: AAPL) following Q3 ...

and more »

Comcast Revenue Tops Estimates as Video Subscriber Losses Improve - Wall Street Journal

Wed, 07/27/2016 - 7:01am

Wall Street Journal

Comcast Revenue Tops Estimates as Video Subscriber Losses Improve
Wall Street Journal
Comcast Corp. CMCSA -0.43 % reported better-than-expected financial results in the most recent quarter and limited the loss of cable customers, despite the pressure on the pay-TV business from cord-cutting and cheaper streaming options. Net income in ...
Comcast Reports 2nd Quarter 2016 ResultsBusiness Wire (press release)
NBCUniversal Second-Quarter Earnings Slip Amid Sharply Lower Film ResultsHollywood Reporter
Comcast profit drops on film sales, beats Wall Street estimatesBusiness Insider
Bloomberg -CNBC -Philly.com -SYS-CON Media (press release)
all 39 news articles »

Coca Cola beats on earnings, but cuts revenue forecast - CNBC

Wed, 07/27/2016 - 7:01am

CNBC

Coca Cola beats on earnings, but cuts revenue forecast
CNBC
Ahmet Muhtar Kent, chief executive officer of The Coca-Cola Company, holds a soda as he attends the annual Allen & Company Sun Valley Conference, July 6, 2016 in Sun Valley, Idaho. Coca-Cola posted earnings on Wednesday that beat analysts' ...
The Coca-Cola Company Reports Second Quarter 2016 ResultsBusiness Wire (press release)
Coca-Cola quarterly revenue drops 5.1 percentReuters
Coca-Cola Sales Trail Analysts' Estimates on Declines AbroadBloomberg
MarketWatch -Nasdaq -Benzinga -Wall Street Journal
all 93 news articles »

One challenge for McDonald's: More Americans are packing their lunches - Orlando Sentinel

Wed, 07/27/2016 - 6:32am

Orlando Sentinel

One challenge for McDonald's: More Americans are packing their lunches
Orlando Sentinel
Harpo Studios demolition, which began July 25, 2016, is tearing down the onetime Near West Side home of "The Oprah Winfrey Show" to make way for the new McDonald's headquarters. The world's largest burger chain is moving to Chicago from suburban ...

and more »

Most of Statesville without water after major line break - Charlotte Observer

Wed, 07/27/2016 - 5:59am

FOX 46 Charlotte

Most of Statesville without water after major line break
Charlotte Observer
Most of Statesville is without water after a major water line break, city officials said shortly before 6 a.m. Wednesday. Repairs are being made, but until further notice, customers should boil water they intend to use. The boil water advisory will be ...
Major Water Line Break In Statesville, Customers Urged To Boil WaterWHKY
Water line break leaves customers under boil water advisory in StatesvilleFOX 46 Charlotte

all 5 news articles »

Deutsche Bank's Pain Turns Chronic - Bloomberg

Wed, 07/27/2016 - 5:31am

Bloomberg

Deutsche Bank's Pain Turns Chronic
Bloomberg
Lionel Laurent is a Bloomberg Gadfly columnist covering finance and markets. He previously worked at Reuters and Forbes. Facebook · Twitter · Email; Print; Share. Follow Us On Twitter · Like Us On Facebook. Jul 27, 2016 2:15 AM PDT. DEUTSCHE BANK ...
Deutsche Bank CEO warns of deeper cuts after quarterly revenue dropReuters
Deutsche Bank Makes Small Profit in Second QuarterTheStreet.com
Deutsche Bank barely ekes out profit in 2nd quarterAppeal-Democrat
New York Times -Bidness ETC -Wall Street Journal -newsBTC
all 52 news articles »Google News

Nissan Profit Declines 11% on Stronger Yen, Japan Deliveries - Bloomberg

Wed, 07/27/2016 - 3:57am

Economic Times

Nissan Profit Declines 11% on Stronger Yen, Japan Deliveries
Bloomberg
Nissan Motor Co. posted a 11 percent drop in quarterly profit as a stronger yen eroded overseas earnings and domestic sales of minicars supplied by Mitsubishi Motors Corp. slumped after a mileage scandal. Net income in the quarter through June declined ...
Mitsubishi Motors' Q1 profit tumbles 75 pct after mileage-cheating scandalReuters
Nissan Profit Falls 11% as Yen GainsWall Street Journal
Mitsubishi posts net loss as scandal bitesMarketWatch
News On 6 -Nasdaq -Financial Times -Reuters UK
all 12 news articles »Google News

Lacking 'Pokémon Go' Effect, Nintendo Swings to Loss - Wall Street Journal

Wed, 07/27/2016 - 3:26am

Wall Street Journal

Lacking 'Pokémon Go' Effect, Nintendo Swings to Loss
Wall Street Journal
Nintendo Co. reported Wednesday a net loss of ¥24.5 billion ($234.2 million) during the first fiscal quarter due to sluggish sales of videogame consoles and a strong yen. The loss for the April-June quarter was larger than an ¥11.2 billion loss ...
Nintendo in wider-than-expected first-quarter loss, but hopes high for Pokemon GOReuters

all 18 news articles »

China Sends Hong Kong Journalists to up to 5 Years in Prison - ABC News

Wed, 07/27/2016 - 2:52am

Asia Times

China Sends Hong Kong Journalists to up to 5 Years in Prison
ABC News
A southern Chinese court has handed prison terms to four people, including at least two Hong Kong journalists, on charges of running an illegal business after they reportedly sent copies of their sensitive political magazines to mainland China. A court ...
HK journalists jailed in China for 'illegal business'BBC News
Hong Kong launch of Pokemon GO spotlights democracy protest landmarksBusiness Insider
Hackers preying on US companies send the cash to China and Hong KongCNNMoney
Radio Free Asia -Nasdaq -BBC News -South China Morning Post
all 138 news articles »

Apple talks services amid drop in iPhone sales, profit - Phys.Org

Wed, 07/27/2016 - 2:33am

Apple talks services amid drop in iPhone sales, profit
Phys.Org
With iPhone sales and profits sliding, Apple on Tuesday sought to highlight its growth in services as it seeks to reduce dependence on its main cash driver. In its quarterly update, Apple said profits slumped 27 percent from a year ago to $7.8 billion ...

and more »

Apple Earnings Fall on iPhone Slump - Wall Street Journal

Tue, 07/26/2016 - 7:21pm

Wall Street Journal

Apple Earnings Fall on iPhone Slump
Wall Street Journal
Apple Inc. AAPL -0.69 % said its quarterly profit fell 27% as the company grappled with the first prolonged slump in iPhone sales since the product was introduced in 2007. Revenue fell for a second straight quarter, along with sales of its flagship ...
Apple sells more iPhones than expected, shares jump after hoursReuters
Apple sales down, but iPhone 7 offers glimmer of hopeCNET
Apple's China revenue dives 33% amid iPhone sales slowdownAppleInsider (press release) (blog)
TechCrunch -Fast Company -USA TODAY -Bloomberg
all 298 news articles »

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