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Business News - The Last 24 Hours

Amazon Results Lead Markets Lower
New York Times - 1 hour 6 min ago
Despite positive economic data, Wall Street was trending down amid several earnings reports that disappointed investors.
RELATED:
Indiatimes - Amazon's outlook darkens in the face of rising competition - 1 hour 52 min ago
Reuters - Amazon's heavy investing eats into bottom line, shares drop - 12 hours 34 min ago
BusinessWeek - Amazon's Slowing Cloud and Other Hidden Metrics - 17 hours 37 min ago
Wall Street Journal - Amazon Reports Another Loss - 17 hours 58 min ago
BBC - Amazon reports $126m quarterly loss - 18 hours 32 min ago
COMMENTARY:
Morningstar - Amazon's Long-Term Potential Overshadows Near-Term Worries - 21 min 44 sec ago
TechCrunch - Amazon Fire Phone Goes On Sale Today At AT&T - 1 hour 2 min ago
Seeking Alpha - The Amazon.com 'Come To Jesus' Earnings Report - 1 hour 21 min ago
BusinessInsider - Here's Why Amazon Says It Will Lose A Whopping $410-$810 Million This Quarter (AMZN) - 1 hour 32 min ago
Wall Street Pit - Amazon (AMZN) Stock Falls on Earnings - 2 hours 15 min ago
Zacks - Investments, Aggressive Pricing Hurt Amazon's Q2 Earnings - Analyst Blog - 2 hours 21 min ago
Zero Hedge - Futures Dragged Down By Visa, Amazon Despite USDJPY Levitation - 4 hours 10 min ago
WSJ Blogs - Amazon's Cloud Service Unit Growth in a Fog - 10 hours 28 min ago
The Guardian - Amazon posts huge loss in second quarter, despite sales rise - 16 hours 45 min ago
24/7 Wall St. - Amazon Forsakes Profits for a Better Experience - 18 hours 41 min ago
VIDEO:
WSJ Video - Fri., July 25: Amazon Among Stocks to Watch - 2 hours 6 min ago
Reuters Video - Amazon loss much more than feared - 15 hours 35 min ago



Fair Work Commission puts brakes on Tax Office sackings
Sydney Morning Herald - 1 hour 21 min ago
The workplace tribunal has put the brakes on a plan by the ATO to sack dozens of staff who keep tabs on the country's $500b in SMSFs.
RELATED:
Indiatimes - BJP leaders want rollback of tax on stock - 2 hours 16 sec ago
Sydney Morning Herald - One thing is certain in life: Death and tax breaks - 8 hours 11 min ago
AP - House votes to simplify education tax breaks - 14 hours 51 min ago
BBC - Obama urges action over tax scheme - 15 hours 18 min ago
COMMENTARY:
BusinessInsider - MARK CUBAN: If Your Company Is Moving For Tax Reasons, I'm Selling Your Stock (ABBV, SHPG, COV, MDT, MYL, PFE, AZN, DIA, SPX, SPY, QQQ) - 2 hours 14 min ago
NY Post - Overseas tax dodge taxing Obama’s patience - 7 hours 15 min ago
Mike Shedlock - Obama Shenanigans on 'Factoryless' Exports, Taxes, Employment, Jobs - 9 hours 12 min ago



Talk about housing risks, not just prices
Sydney Morning Herald - 1 hour 21 min ago
Record values and low interest rates, but inflation, uncertain growth and tax breaks that fuel risk-taking: potential home buyers should take care.
RELATED:
China Daily - Huge embezzlement in China's affordable housing projects - 5 hours 51 min ago
COMMENTARY:
Minyanville - Stocks Tread Water on Bad Housing Data - 19 hours 6 min ago



Drugs, Murdoch and the fake sheikh: when a sting goes bad
Sydney Morning Herald - 1 hour 21 min ago
Journalism Rupert Murdoch-style is once again under scrutiny in England after a judge this week halted a trial ruling that a veteran ‘‘undercover reporter’’ on News Corporation's Sun on Sunday had probably lied about talking to a witness about changing his evidence.
RELATED:
BusinessWeek - Did Jeff Bewkes See Rupert Murdoch Coming? - 15 hours 36 min ago
BBC - VIDEO: Proud Murdoch in tears on podium - 16 hours 45 min ago



EU, Australia-led group unite against India at WTO
Indiatimes - 1 hour 22 min ago
The EU and an Australia-led group have asked India not to veto the Trade Facilitation Agreement (TFA) of the World Trade Organization (WTO).
RELATED:
Indiatimes - India seeks 'visible outcomes' on food subsidies pre-WTO protocol - 7 hours 4 min ago
COMMENTARY:
WSJ Blogs - Corruption Currents: From Boeing Tries in Iran to Russia's WTO Claim - 11 hours 35 min ago



Vodafone Revenue Falls but Company Sees Improvement in Europe
New York Times - 1 hour 27 min ago
The telecom giant’s chief said many of its European markets had started to show signs of recovery, particularly as mobile streaming has increased.
RELATED:
Wall Street Journal - Vodafone Upbeat as Revenue Rises - 8 hours 5 min ago
Indiatimes - Vodafone revenue dragged lower by Spain and SA in Q1 - 8 hours 48 min ago



Russia Avoids Slipping Into Recession
Wall Street Journal - 1 hour 33 min ago
Russia's economy grew 0.1% in the second quarter, meaning the country has avoided slipping into a technical recession.
RELATED:
Reuters - EU reaches preliminary deal on Russia economic sanctions - 3 hours 2 min ago
AP - Russian execs fear lasting damage from plane crash - 4 hours 21 min ago
COMMENTARY:
Zero Hedge - Europe Unveils Preliminary Sanctions Against Russia - 2 hours 54 min ago



Co-working space plus traditional real estate rental creates perfect property.
Sydney Morning Herald - 1 hour 36 min ago
Hot Property - co-working with like-minded operators can save big money on office space.
RELATED:
China Daily - Real estate sector needs self-regulation - 7 hours 21 min ago
COMMENTARY:
The Big Picture - States with the Most Negative Equity in Residential Real Estate - 20 hours 51 min ago



DealBook: Goldman Sachs Names Ogunlesi New Lead Director
New York Times - 1 hour 58 min ago
Adebayo O. Ogunlesi, who has been on Goldman’s board since 2012, will succeed James J. Schiro, who stepped down to undergo medical treatment for multiple myeloma.
RELATED:
Indiatimes - Top 25 bets by Goldman Sachs, BofA-ML, Deutsche Bank, UBS - 4 hours 21 min ago
Wall Street Journal - Goldman Sachs Lead Director Retires - 18 hours 51 min ago
COMMENTARY:
BusinessInsider - REPORT: Goldman Is Taking Dead Aim At One Of Bloomberg's Core Offerings - 19 hours 56 min ago



US agency probes Hyundai Sonata air bag problem
Indiatimes - 2 hours 12 min ago
The National Highway Traffic Safety Administration(NHTSA) says it has received 83 complaints about the air bag problem in Hyundai Sonatas.
RELATED:
Sydney Morning Herald - Hyundai Accent Elite v Honda City VTi-L - 14 hours 21 min ago



Durable Goods Orders Rebound
New York Times - 2 hours 14 min ago
Orders for long-lasting manufactured goods rose more than expected in June, pointing to momentum in the economy heading into the third quarter.
RELATED:
Reuters - U.S. durable goods orders rebound, core capital goods rise - 2 hours 48 min ago
COMMENTARY:
24/7 Wall St. - June Durable Goods Likely Saved Second-Quarter GDP - 2 hours 15 min ago
Minyanville - Pre-Market: Amazon Expects Major Third-Quarter Loss; Durable Goods Rise In June - 2 hours 20 min ago
Zero Hedge - Q2 Closes With A Durable Goods Whimper And 1.6% Y/Y Drop; Core Capex Orders Revised Much Lower; Shipments Tumble - 2 hours 24 min ago
BusinessInsider - Here Comes Durable Goods Orders... - 3 hours 10 min ago
DailyFinance - Durable Goods Orders Rise; Economy Seen Building Speed - 6 hours 47 min ago
VIDEO:
WSJ Video - Strong Durable Goods Figures Could Boost Stocks - 2 hours 1 min ago



GM pushes new strategy as Chinese shift to family cars
China Daily - 2 hours 51 min ago
An employee yawns as he walks among General Motors' new Chinese-made cars at a parking lot in Shenyang, Liaoning province April 21, 2014. General Motors Co is responding to surging Chinese demand for large family vehicles, a trend likely to deepen as Beijing eases its one-child policy, by re ...
RELATED:
Reuters - Insight: GM recalls far from calamity for some dealers who find new customers, business - 6 hours 33 min ago
China Daily - Shanghai GM to recall Cadillac and Chevrolet cars - 10 hours 51 min ago
COMMENTARY:
DailyFinance - GM's Recall Woes a Boon for Some Car Dealers - 7 hours 16 min ago



Lujiazui commercial properties exceed Wall Street
China Daily - 3 hours 19 min ago
The Bund of Shanghai and its many buildings are one of the city's most important sites, Jan 6, 2014. [Photo/Asianewsphoto] Lujiazui now has 196 office buildings with 10.51 million square meters. The area of commercial properties in Lujiazui has exceeded those of Wall Street. By the end of the ...
RELATED:
BBC - VIDEO: The toughest cop on Wall Street - 6 hours 50 sec ago
Indiatimes - 'Indian markets likely to move the Wall Street way' - 9 hours 11 min ago
Wall Street Journal - Wall Street Takes a Shine to Argentine Bonds - 13 hours 44 min ago
COMMENTARY:
Zacks - Half-way Through the S&P 500 - Ahead of Wall Street - 1 hour 53 min ago



Ex-Ford chief Mulally joins Google's board
China Daily - 3 hours 19 min ago
Alan Mulally speaks during an interview with CNBC on the floor of the New York Stock Exchange June 6, 2014. Reuters - Google Inc has appointed former Ford Motor Co CEO Alan Mulally to its board of directors, drafting a seasoned Detroit executive into its ranks as it develops a self-driving ca ...
RELATED:
Indiatimes - Recalls slam General Motors earnings, Europe drives Ford higher - 20 hours 46 min ago
COMMENTARY:
Seeking Alpha - Ford Motor Company (F) CEO Mark Fields Discusses Q2 2014 Results - Earnings Call Transcript - 19 hours 21 min ago



Alibaba takes full control of AutoNavi
China Daily - 3 hours 19 min ago
People visit the stand of AutoNavi, the Chinese map and data service provider, during the PT/EXPO COMM China 2013 in Beijing, China, September 25, 2013. [Photo/IC] China's e-commerce conglomerate Alibaba Group announced on Friday that it has completed the acquisition of AutoNavi Holdings Ltd ...
RELATED:
China Daily - JD.com takes aim at Alibaba with Paipai relaunch - 6 hours 21 min ago



Russian Central Bank Raises Key Interest Rate
Wall Street Journal - 4 hours 42 min ago
The Bank of Russia raised its key interest rate to 8% from 7.5%, and warned that if inflation risks remain high in Russia the bank will continue to increase its key rates.
RELATED:
Sydney Morning Herald - Fixed interest rates too good to pass up, say experts - 17 hours 43 min ago



Timing Is Everything: Why a Soaring Stock Market Is Wasted on the Young
New York Times - 4 hours 45 min ago
For most people, it matters a great deal when a rise in the stock market occurs.
RELATED:
China Daily - Uncertainties 'making stock investors cautious' - 8 hours 51 min ago
COMMENTARY:
Seeking Alpha - Forecast Part II: Sell S&P 500 Passive Interests - This Market Is For Stock Pickers - 21 min 28 sec ago
Zacks - Stock Market News for July 25, 2014 - Market News - 1 hour 11 min ago
VIDEO:
Reuters Video - Why Abe's sagging popularity could sink your stocks - 6 hours 48 min ago



Eurozone loans to pvt sector still contracting: ECB
Indiatimes - 5 hours 5 min ago
The long and deep financial crisis in the 18 countries which share the euro has caused credit to dry up almost completely.
RELATED:
Sydney Morning Herald - ECB Victim of Extortion Attempt After Database Was Hacked - 11 hours 54 min ago
COMMENTARY:
Seeking Alpha - The Current ECB Programs Create A QE-Like Environment, Setting Up For Moral Hazards - 8 hours 21 min ago
Zero Hedge - ECB Admits It Was Hacked - 20 hours 18 min ago



BSkyB – James Murdoch’s master plan comes closer to fruition
BBC - 5 hours 30 min ago
James Murdoch’s master plan comes closer to fruition
RELATED:
New York Times - DealBook: BSkyB to Buy Italian and German Units of 21st Century Fox - 7 hours 42 min ago
Wall Street Journal - BSkyB to Buy German, Italian Sister Firms - 8 hours 16 min ago
BBC - BSkyB pays £5bn to create Sky Europe - 8 hours 40 min ago
COMMENTARY:
Seeking Alpha - Wall Street Breakfast: Argentina To Default, BSkyB Acquisition, Glaxo Investigation - 4 hours 21 min ago
The Guardian - BSkyB to buy Sky Italia and Sky Deutschland for £4.9bn cash - 7 hours 34 min ago



Alibaba now eyes September for US mega-IPO - source
China Daily - 6 hours 21 min ago
An employee walks past a logo of Alibaba Group at its headquarters on the outskirts of Hangzhou, Zhejiang province, in this May 17, 2010 file photo. [Photo / Agencies] Alibaba Group Holding Inc has pushed its highly anticipated IPO until after the September Labor Day holiday in the United ...
RELATED:
Sydney Morning Herald - Healthscope confirms IPO price of $2.10 a share - 13 hours 27 min ago
COMMENTARY:
Seeking Alpha - IPO Preview: Orion Engineered Carbons S.a R.l. - 21 min 28 sec ago
Naked Capitalism - Wolf Richter: Is the IPO Bubble About to Burst? Banana Republic Trots Out ‘Startup Guy’ Look - 10 hours 26 min ago
Time Business - Here’s How Facebook Doubled Its IPO Price - 21 hours 39 min ago
VIDEO:
Reuters Video - WhatsApp rival Line could revive Tokyo exchange with IPO - 12 hours 6 min ago



Chinese airlines in currency turbulence
China Daily - 6 hours 21 min ago
SHANGHAI - The yuan's nosedive has put a damper on the earnings of Chinese airlines, already flying low through an economic slowdown, with half-empty premier cabins. China Southern Airlines will book a loss of up to 1.1 billion yuan in its interim report, while Air China warned its profits could slu ...
RELATED:
Indiatimes - Very bad week for airlines: Disasters come in a cluster - 10 hours 5 min ago
New York Times - Profits Tell of a Turnaround by Major Airlines - 18 hours 2 min ago
COMMENTARY:
Zacks - Gogo's Wi-Fi Service Now Underway for Japan Airlines - Analyst Blog - 16 hours 21 min ago
BusinessInsider - These Startups Help When Big Companies Like Airlines Or Cops Screw You Over - 18 hours 3 min ago



Britain's RBS releases earnings early after surprise swing to profit
Reuters - 7 hours 43 min ago
LONDON (Reuters) - Royal Bank of Scotland said it made a pretax profit of 1 billion pounds ($1.7 billion) in the second quarter, far better than analysts had expected, thanks to a turnaround in losses from bad loans, prompting it to release earnings a week early.
RELATED:
Wall Street Journal - RBS Net Profit Falls on Charges - 8 hours 34 min ago
BBC - RBS Group expects rise in profit - 8 hours 53 min ago
COMMENTARY:
FT Alphaville - RBS — the bank that outperformed - 4 hours 6 min ago
The Guardian - FTSE 100 unmoved despite Sainsbury bid talk and RBS share surge - 6 hours 49 min ago
VIDEO:
Reuters Video - Breakingviews: RBS gains buffer - 6 hours 36 min ago



How Starbucks is localizing to crack the Indian coffee chain market
Indiatimes - 10 hours 24 min ago
How Starbucks is localizing to crack the Indian coffee chain market The $14.89 billion Starbucks has also drawn lessons from the localization bids of other food retail chains, particularly KFC and McDonald’s.
RELATED:
Wall Street Journal - Starbucks Posts Higher Results - 19 hours 3 min ago
COMMENTARY:
Zacks - Starbucks Beats Earnings, Coffee Costs to Hurt FY15 Profits - Analyst Blog - 2 hours 54 min ago
Seeking Alpha - Starbucks - Investors Take Profits After A Cautious 2015 Outlook - 6 hours 21 min ago
NY Post - Dunkin’ Donuts heats up war against Starbucks - 7 hours 20 min ago
WSJ Blogs - Starbucks Expands in Vietnam With First Hanoi Store - 15 hours 37 min ago
24/7 Wall St. - Starbucks Introduces Its 2015 Earnings and Sales Outlook - 19 hours 43 sec ago
BusinessInsider - Starbucks Earnings Beat (SBUX) - 19 hours 14 min ago



Will Netflix declare war on Aussie geo-dodgers?
Sydney Morning Herald - 11 hours 29 min ago
Aussie video services are circling the wagons, but will Netflix be its own fiercest competitor?
RELATED:
BusinessWeek - The Man Who Keeps Netflix's Video Streaming - 14 hours 41 min ago
COMMENTARY:
Seeking Alpha - Update: After Netflix's Earnings, It's Still Overpriced - 13 hours 21 min ago



IMF trims world growth forecast to 3.4% in 2014
China Daily - 12 hours 21 min ago
WASHINGTON -- The International Monetary Fund (IMF) on Thursday lowered its global economic growth forecast to 3. 4 percent this year, and expected the global growth could be weaker for longer due to weakness in advanced and emerging markets. In its updated World Economic Outlook (WEO), the IMF de- ...
RELATED:
China Daily - BRICS bank vis-a-vis IMF - 12 hours 51 min ago
Indiatimes - IMF retains India's growth target at 5.4% - 16 hours 51 min ago
Sydney Morning Herald - IMF lowers 2014 global growth forecast - 18 hours 47 min ago
COMMENTARY:
BusinessInsider - The BRICS Are Trying To Create A Competitor To The IMF — Here's Why It Won't Have A Big Impact - 2 hours 39 sec ago
The Guardian - Downing Streets challenge is to spread its IMF economic joy to individuals - 5 hours 29 min ago



Equities surge on outlook for manufacturing
China Daily - 12 hours 21 min ago
Share prices rose on Thursday in Shanghai, sending the benchmark index to a three-month high, as a jump in the nation's manufacturing gauge spurred optimism the government will meet its economic growth target for this year. Industrial Bank Co and Poly Real Estate Group Co gained more than 5 percen ...



Google under fire from regulators on EU privacy ruling
Sydney Morning Herald - 12 hours 45 min ago
Handling of "right to be forgotten" requests from European citizens criticised as Google restricts the removal of links to their European sites only, not Google.com, source says.
COMMENTARY:
TechCrunch - Google Granting Around Half Europe’s Search De-Index Requests — But Won’t Show Its Workings - 4 hours 15 min ago
BusinessInsider - Google Is Going To Collect Health Information From People For A New Genetic Study - 13 hours 36 min ago
Seeking Alpha - Google - The Growth Story Continues - 14 hours 21 min ago
Mike Shedlock - Internet Free Speech Vanishes in Spain; Most Infamous Law in Internet History; Brussels and Spain Target Google - 21 hours 16 min ago
VIDEO:
WSJ Video - Google Grants Over 50% of Removal Requests, and More - 20 hours 29 min ago



DealBook: Morgan Stanley to Pay $275 Million in Mortgage Case
New York Times - 20 hours 15 min ago
The Wall Street firm and securities regulators have finalized a $275 million settlement stemming from the 2007 sale of securities backed by subprime mortgages.
COMMENTARY:
Time Business - Morgan Stanley Paying $275M to Settle SEC Charges - 21 hours 59 min ago



Central Bank of Sri Lanka inks pact with RBI
Indiatimes - 22 hours 4 min ago
"In general, the movement will be towards more liberalisation rather than away from liberalisation, but we have to do it at our pace".
COMMENTARY:
Seeking Alpha - Is This Why Central Banks Are Snapping Up Gold? - 4 hours 21 min ago
FT Alphaville - Geopolitical central banking - 5 hours 12 min ago



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