Business News - The Last 24 Hours

Tesla crash does little to sway public opinion on self-driving cars
Reuters - 1 hour 1 min ago
DETROIT (Reuters) - Consumers are more aware of self-driving cars, but slightly less interested in riding in them, according to two surveys conducted after a fatal crash of a Tesla equipped with self-driving technology.
RELATED:
China Daily - Tesla opens Gigafactory to expand battery production, sales - 16 hours 14 min ago
COMMENTARY:
Seeking Alpha - Is Tesla Ready For Utility Industry Challenges? - 9 hours 33 min ago



SABMiller board to recommend final AB InBev offer
Reuters - 2 hours 15 min ago
LONDON (Reuters) - The board of brewer SABMiller will recommend shareholders approve the final takeover offer by Anheuser Busch InBev , the company said on Friday, capping a week of high drama about the fate of the consumer industry's biggest-ever merger.
RELATED:
New York Times - Chinese Regulators Approve Anheuser-Busch InBev-SABMiller Merger - 4 hours 31 min ago
China Daily - AB InBev-SABMiller deal wins antitrust nod - 16 hours 14 min ago
COMMENTARY:
WSJ Blogs - Deals of the Day: Oracle Buys NetSuite, SABMiller Hits Pause, Wary About Aramco - 23 hours 37 min ago



Politician sued by girl over Facebook post
BBC - 2 hours 55 min ago
The chair of Stormont's Justice Committee is being sued by a 15-year-old girl for breaching her privacy.
COMMENTARY:
BusinessInsider - Facebook's source code could show that Messenger will be the app store of the future (FB) - 2 hours 20 min ago
Seeking Alpha - Facebook Knocks It Out Of The Park Yet Again In Q2 - 5 hours 18 min ago
Zero Hedge - Worlds Made By Hand: "Survival Of The Fittest Will Replace Checking In On Facebook" - 16 hours 29 min ago
WSJ Blogs - Facebook Is Absolutely Crushing It - 19 hours 27 min ago
Zacks - Research Reports for Facebook, DuPont, Gilead & Others - 23 hours 21 min ago
VIDEO:
CNN Video - Facebook's blind engineer: "Your life matters" - 19 hours 27 min ago
WSJ Video - Three Marketing Facts to Note From Facebook Earnings - 20 hours 20 min ago



Innovation becomes coveted city tag in China
China Daily - 3 hours 14 min ago
Visitors take photos at a creative industrial park in Dafeng District, Yancheng, East China's Jiangsu province, July 22, 2016. [Photo/IC] BEIJING - Chinese cities, with their ubiquitous science and technology parks and entrepreneur roadshows, are fiercely competing to win reputations for ...
RELATED:
China Daily - China cuts retail fuel prices - 10 hours 14 min ago
COMMENTARY:
BusinessInsider - China's obsession over these Japanese diapers can tell us a lot about emerging markets - 16 hours 44 min ago



Chinese sellers turning to Amazon to go global
China Daily - 3 hours 14 min ago
Amazon boxes are seen stacked for delivery in the Manhattan borough of New York City, January 29, 2016. [Photo/Agencies] US e-commerce multinational Amazon.com Inc has overcome Chinese homegrown platforms in supporting domestic sellers to reach overseas customers, a new survey ...
RELATED:
Reuters - Amazon revenue beats estimates as cloud sales surge - 19 hours 11 min ago
BBC - Amazon boss becomes world's third richest man - 19 hours 55 min ago
New York Times - Amazon Revenue Beats Estimates as Cloud Sales Surge - 21 hours 22 min ago
COMMENTARY:
BusinessInsider - 'The best-positioned mega-cap tech company': What Wall Street is saying after Amazon's earnings (AMZN) - 3 hours 15 min ago
Morningstar - Amazon Looks Undervalued - 3 hours 44 min ago
Zacks - The Zacks Analyst Blog Highlights: Amazon.com, EVINE Live, Stamps.com and PetMed Express - 4 hours 14 min ago
Seeking Alpha - Amazon Got Duped By Wells Fargo - 5 hours 3 min ago
NY Post - Amazon goes after Netflix with big budget for original series - 14 hours 34 min ago
WSJ Blogs - Amazon Posts Another Monster Quarter - 16 hours 26 min ago
Zero Hedge - Amazon Smashes Expectations As Cloud Profits Soar; Stock Dips Then Jumps - 21 hours 15 min ago
24/7 Wall St. - How Amazon Knocked This Earnings Report Out of the Park - 21 hours 16 min ago
TechCrunch - Amazon shatters earnings expectations - 21 hours 33 min ago



US GDP grows a weak 1.2 percent in second quarter
AP - 4 hours 14 min ago
WASHINGTON (AP) -- Growth in the U.S. economy was sluggish again in the spring, dashing expectations for a robust rebound after a tough winter. Stronger consumer spending was offset by weakness in housing construction and a big slowdown in the pace that businesses restocked store shelves....
RELATED:
AP - US GDP grows a weak 1.2 percent in second quarter - 4 hours 44 min ago
COMMENTARY:
Seeking Alpha - Q2 GDP Report: The Numbers Behind The Numbers - 52 min 40 sec ago
Zero Hedge - Terrible News Is Great News - Traders Buy Everything After GDP Disappointment - 1 hour 52 min ago
24/7 Wall St. - US GDP for 2016 Just Took a Sharp Turn Lower - 3 hours 38 min ago
Zacks - Lackluster Second Quarter GDP Results - 3 hours 46 min ago
BusinessInsider - Here comes GDP ... - 5 hours 32 min ago
WSJ Blogs - Atlanta Fed Drops Second Quarter GDP Forecast - 20 hours 50 min ago



Foxtons estate agency profits tumble amid Brexit vote
BBC - 7 hours 52 min ago
High-profile London estate agency Foxtons has announced a 42% fall in profits, blaming uncertainty around the EU referendum for the fall.
RELATED:
BBC - Brexit knocks manufacturers' confidence - report - 18 hours 40 min ago
COMMENTARY:
Seeking Alpha - Why Palladium Is Smoking Your Brexit Gold Investment - 8 hours 53 min ago
FT Alphaville - FT Opening Quote: IAG hit by Brexit sterling drop - 10 hours 27 min ago
BusinessInsider - The UK can't decide whether to stay in or leave the EU customs union after Brexit - 17 hours 2 min ago
WSJ Blogs - WSJ City's Brexit Briefing: 'Totally Lost' Clients, Lansdowne Bets on UK, European Earnings Bonanza - 20 hours 42 min ago
VIDEO:
Reuters Video - UK property purchases plunge post-Brexit - 4 hours 11 min ago



China Eastern, China Southern airlines to move base to new airport in Beijing
China Daily - 8 hours 14 min ago
A plane of China Eastern lands at Baiyun International Airport in Guangzhou, capital of South China's Guangdong province, March 25, 2016. [Photo/IC] Beijing will determine an airline's use of airports according to its membership in airline alliances, Beijing Youth Daily reporte ...
COMMENTARY:
Zacks - Zacks.com featured highlights: Randgold Resources, Acuity Brands, Cheniere Energy, Murphy Oil and LATAM Airlines Group SA - 4 hours 14 min ago



Beijing startup helps users run Android OS on Apple iPhone
China Daily - 8 hours 14 min ago
An increasing number of consumers desire two digital identities, one for work and the other for their personal life. Now they can turn to a Beijing-based startup for help, which has come up with a way to make your iPhone function like two smartphones. Haimawan, the three-year old firm, invented a " ...
RELATED:
China Daily - Baidu indices indicate decline in Apple's China sales - 16 hours 14 min ago
COMMENTARY:
BusinessInsider - Here's how Apple will convince you that it's a good idea to kill the iPhone's headphone jack - 1 hour 27 min ago
TechCrunch - Peek inside Brooklyn’s first Apple Store - 1 hour 49 min ago
Seeking Alpha - BlackBerry: Signs Of Promise From Apple And Android - 2 hours 12 min ago
24/7 Wall St. - Apple iPhone Falls to 5th Place in China - 5 hours 3 min ago
WSJ Blogs - Apple Taking Another Bite At Bond Market - 20 hours 30 min ago



Low oil prices drive up China's crude oil imports
China Daily - 8 hours 14 min ago
BEIJING - China's crude oil imports hit a record high in the first half of 2016 despite an economic slowdown, and analysts largely attributed the surge to low prices, not strategic maneuvering. The country imported 186.5 million tons of crude oil in the first half of the year, 23.15 million tons m ...
COMMENTARY:
Zacks - Oil Stock Earnings Reports: Chevron (CVX) VS. Exxon Mobil (XOM) - 1 hour 31 min ago
BusinessInsider - Here's the reason gas prices in Russia are skyrocketing even as oil prices fall - 2 hours 48 min ago
Seeking Alpha - Lowest Oil Prices In 3 Months Could Add Pressure To Metal Prices - 10 hours 59 min ago



Barclays Profit Down as It Accelerates Plans to Close Some Business
New York Times - 8 hours 25 min ago
James E. Staley, the Barclays chief executive, has said that selling noncore businesses was a key to unlocking the bank’s earnings potential.
RELATED:
BBC - Barclays adds £400m to PPI payments as profits fall - 9 hours 19 min ago
COMMENTARY:
Zacks - Barclays (BCS) Q2 Earnings Fall; Asset Sale Hurts Revenues - 2 hours 34 min ago
Seeking Alpha - Barclays: Sell Or Roll The Dice - 16 hours 17 min ago



UBS Profit Slipped 14% in Second Quarter but Beat Estimates
New York Times - 9 hours 32 min ago
Client uncertainty about the financial markets continued to weigh on activity in the Swiss bank’s wealth management and investment banking businesses.
COMMENTARY:
Zacks - UBS Group (UBS) Q2 Earnings Down Y/Y; Expenses Decline - 2 hours 21 min ago
WSJ Blogs - WSJ City: Barclays Profit Hit by Asset Sales; UBS Profit Slips; BOJ Disappoints - 5 hours 58 min ago



Samsung takes smartphone crown, beating Apple, Huawei
China Daily - 10 hours 14 min ago
Models display Samsung Galaxy S7 and S7 Edge smartphones during a promotional event in Shenyang, northeast China's Liaoning province, March 18, 2016. [Photo/IC] Smartphone vendors shipped a total of 343.3 million smartphones worldwide in the second quarter (Q2) this year, up 3. ...
RELATED:
China Daily - Samsung sues Huawei in China for patent infringements - 10 hours 14 min ago



Analyst advises US to learn from China on use of economic power
China Daily - 10 hours 14 min ago
BEIJING - A US analyst recently published an article laying out Chinese footprints abroad to show its economic expansion, and advising the United States not to view it as a threat. "Beijing's desire to 'go global' should not necessarily be viewed as a threat to American interests but more of a chal ...
COMMENTARY:
BusinessInsider - IGNORE THE HEADLINES: US consumers are loving life right now - 4 hours 26 min ago



Hebei attracts foreign loans for nursing service
China Daily - 10 hours 14 min ago
SHIJIAZHUANG - Hebei province in north China will receive a loan of $26 million from the government of Israel to build elder care facilities as the country opens its service sector to foreign investors. The loan from the Israeli government will be spent on upgrading facilities of Chengde city centr ...



Exclusive: New York Fed asks Philippines to recover Bangladesh money
Reuters - 14 hours 33 min ago
DHAKA (Reuters) - The Federal Reserve Bank of New York has asked the Philippines' central bank to help Bangladesh Bank recover the $81 million that was stolen by hackers in February from its account held at the Fed, boosting Dhaka's efforts to retrieve the money.
COMMENTARY:
Seeking Alpha - Federal Reserve Watch: Helpless Or Hapless? - 2 hours 20 min ago



Uber investors 'push for Didi truce' in China fight
China Daily - 16 hours 14 min ago
A Chinese mobile phone user uses the taxi-hailing and car-service app Didi Chuxing on his smartphone in Jinan city, East China's Shandong province, Feb 22, 2015.[Photo/IC] Rivals burn cash in their struggle formarket dominance as institutions apply pressure Uber Technologie ...
COMMENTARY:
TechCrunch - Uber focuses on services as it begins to see profits in Southeast Asia - 9 hours 16 min ago



As PCs decline, Microsoft bets its future on the cloud
China Daily - 16 hours 14 min ago
Satya Nadella, Microsoft CEO. [Photo provided to China Daily] In a world where there's a smartphone app for everything, one company-Amazon.com Inc-has long been the host for an outsized share of online software and computing services. Microsoft CEO Satya Nadella wants to ...
COMMENTARY:
BusinessInsider - Microsoft is laying off another 2,850 people in the next 12 months (MSFT) - 20 hours 39 min ago



New-home prices poised to soar over next few decades
China Daily - 16 hours 44 min ago
A housing project in Nanjing, capital of East China's Jiangsu province. [Photo/Asianewsphoto] The price of a new home in China will nearly quintuple in three decades despite sharp drops in transaction volumes, according to a recent report released by China International Capital ...



Sony VR price may give it advantage
China Daily - 16 hours 44 min ago
Attendees use Sony PlayStation VR Aim Controllers to play Far-point during an expo in Los Angeles, California. [Photo/Agencies] Chinese consumers can start ordering PlayStation VR headsets on Thursday as the Japanese tech giant Sony Corp moves quickly to enter the Chinese virtu ...
COMMENTARY:
Zacks - Sony (SNE) Q1 Earnings & Sales Fall Y/Y, Guidance Slashed - 4 hours 8 min ago
Seeking Alpha - Sony Corporation's (SNE) Q1 2016 Results - Earnings Call Transcript - 4 hours 48 min ago
BusinessInsider - Sony saw a plunge in its profits after an earthquake damaged a key factory - 9 hours 11 min ago
TechCrunch - Sony posts $205M profit as downsized mobile business stops bleeding cash - 11 hours 7 min ago



Expert: Bank IPOs to put pressure on stock market
China Daily - 16 hours 44 min ago
An investor checks stock prices at a securities brokerage in Nantong, Jiangsu province. [Photo/China Daily] Initial public offerings led by banks in July raised a total of 21.1 billion yuan ($3.2 billion) in the month, which will put short-term pressure on the stock market. T ...
COMMENTARY:
BusinessInsider - Big data tech company Talend sees its stock soar over 50% for its IPO (TLND) - 1 hour 35 min ago
Zacks - Expedia Misses on Top & Bottom Lines, Looking for trivago IPO - 1 hour 59 min ago



Toyota could lose top automaker crown
China Daily - 16 hours 44 min ago
Toyota Motor Corp President Akio Toyoda speaks during a joint news conference with Daihatsu Motor Co President Masanori Mitsui in Tokyo, Japan, January 29, 2016. [Photo/Agencies] Toyota is in danger of losing its crown as the world's biggest automaker this year, as its sales fa ...



Google Silences Doubters With Blockbuster Quarter
New York Times - 17 hours 25 min ago
It was a major recovery from a lukewarm previous quarter, proving that the internet behemoth still has room and energy to grow.
RELATED:
New York Times - Google-Parent Alphabet Revenue Rises More Than Expected - 21 hours 19 min ago
COMMENTARY:
WSJ Blogs - The Morning Download: AI Boosts Pricing Power at Google's Ad Business - 50 min 34 sec ago
BusinessInsider - Wall Street finally let Google out of the doghouse (GOOG, GOOGL) - 1 hour 17 min ago
NY Post - Google’s parent company profits surge 24% to almost $5B - 13 hours 55 min ago
Zacks - How to Trade Google's Stock (GOOGL) Ahead of Earnings - 19 hours 26 min ago



Trial on Sumner Redstone’s Mental Competence Set for October
New York Times - 18 hours 25 min ago
The case centers on the dismissal of two Viacom officials from Mr. Redstone’s trust. The two are claiming he was not competent to make that decision.



Testing times for Europe's banks
BBC - 18 hours 44 min ago
The results of European bank "stress tests" are being announced later on Friday, with the aim of establishing how well the banks could cope with a new financial shock.
COMMENTARY:
Seeking Alpha - Deutsche Bank Brutalized By European Economic And Political Malaise - 13 hours 14 min ago



Alphabet posts strong revenue on video market, stock surges
Reuters - 19 hours 13 min ago
(Reuters) - Alphabet Inc, Google's parent, posted a 21.3 percent increase in second-quarter revenue, exceeding analysts' expectations, as the tech giant continued to nudge its vast advertising business toward mobile and capitalized on the boom in video.
COMMENTARY:
Zacks - 4 ETFs to Tap Alphabet Post Upbeat Q2 Earnings - 1 hour 38 min ago
Seeking Alpha - 3 Key Takeaways From The Alphabet Earnings Call - 1 hour 52 min ago
24/7 Wall St. - Top Analyst Upgrades and Downgrades: Alphabet, Amazon, Dow Chemical, Ford, Gilead, Harley-Davidson, Western Digital and More - 4 hours 48 min ago
Morningstar - Alphabet Surpasses All Expectations - 12 hours 4 min ago
Wall Street Pit - Amazon.com (AMZN), Alphabet Inc (GOOGL) Stock Spike on Huge Earnings Beat - 19 hours 42 min ago
TechCrunch - Alphabet’s huge Q2 shows its ads business may not be so challenged after all - 21 hours 38 min ago
WSJ Blogs - Options Traders Are Feeling Good About Alphabet Shares - 22 hours 53 min ago
VIDEO:
Reuters Video - Amazon, Alphabet deliver on earnings; Wall St mixed - 20 hours 26 min ago



Hedge Fund Calls New York Times Article a ‘Distortion’
New York Times - 23 hours 47 min ago
Ray Dalio, the chairman of Bridgewater Associates, said the article, which reported on the culture at the hedge fund, contained “significant mischaracterizations.”
COMMENTARY:
BusinessInsider - Billionaire investor Howard Marks just dissed hedge fund 'geniuses' - 23 hours 26 min ago



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