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What's News US

Hiring Settles Into Steady Gains
Fri, 01 Aug 2014 21:57:46 EDT - Hiring by U.S. employers remained robust in July, if a bit slower than previous months, with a broad-based rise in payrolls extending a half-year streak of strong employment gains. The jobless rate ticked up to 6.2%.
Berkshire Posts Record Quarterly Profit
Fri, 01 Aug 2014 21:50:39 EDT - Warren Buffett's conglomerate reported a 41% jump in earnings tied to gains at its railroad, energy and other businesses as the U.S. economy continued its recovery.
Will This Billionaire Bring $3-a-Month Phone Plans to U.S.?
Fri, 01 Aug 2014 19:50:42 EDT - Telecom company Iliad has thrived on its pledge to cut French households' mobile phone bills. Founder Xavier Niel, now pursuing T-Mobile US, sees the same opportunity across the Atlantic.
Microsoft Claims Samsung Violated Patent Agreement
Fri, 01 Aug 2014 22:05:18 EDT - Microsoft said it has sued Samsung Electronics, claiming its rival violated a patent-licensing contract. The dispute involves technology included in Android, Google's operating system for mobile phones and tablets.
Stocks Swing, Ending Lower
Fri, 01 Aug 2014 20:36:03 EDT - A roller-coaster Friday ended a turbulent week for U.S. stocks that left benchmark indexes reeling. The Dow industrials fell into the red for 2014 and the S&P 500 stumbled to its worst weekly loss in over two years.
U.S. Auto Sales Rose 9% in July
Fri, 01 Aug 2014 18:47:54 EDT - U.S. auto demand roared ahead, up 9% over a year earlier, thanks to healthy summer sales incentives and strong demand for sport-utility vehicles that pushed the annualized selling pace above 16 million cars and light trucks for a fifth straight month.
Allergan Sues Over Valeant-Ackman Ties
Fri, 01 Aug 2014 20:46:47 EDT - Allergan filed a lawsuit claiming Valeant Pharmaceuticals, investor William Ackman and his firm Pershing Square violated securities laws prohibiting insider trading, among other things, in the companies' takeover battle.
Argentina's Default Sends Ripples Through Markets
Fri, 01 Aug 2014 20:37:03 EDT - Argentina's failure to pay its debts set off ripples through financial markets Friday as an industry group ruled investors could collect on insurance that protects against a default.
Moody's Upgrades Greece's Bond Rating
Fri, 01 Aug 2014 17:42:01 EDT - Moody's Investors Service upgraded Greece's government bond rating two notches to Caa1, citing the country's significant fiscal improvement over the past year. The rating outlook is stable.
Mobileye Soars in Debut
Fri, 01 Aug 2014 20:26:24 EDT - Mobileye rallied in its trading debut, bucking an otherwise soft week for initial public offerings.
FCC Mulls Banning Joint Bids at Spectrum Auction
Fri, 01 Aug 2014 17:53:02 EDT - The Federal Communications Commission has proposed banning wireless companies from teaming up to bid at next year's spectrum auction, a move that appears aimed at discouraging a Sprint bid for T-Mobile US.
Evercore Near Deal to Buy ISI
Fri, 01 Aug 2014 21:03:26 EDT - Boutique Wall Street firm Evercore Partners is nearing a deal to buy equity research and trading firm International Strategy & Investment Group, according to people familiar with the matter.
Harley Recalls Bikes Over Ignition Switch
Fri, 01 Aug 2014 20:51:00 EDT - Harley-Davidson said it is recalling 4,520 motorcycles globally because of an ignition switch problem that could cause the bike to shut down while riding.
Ex-Evercore Director Hixon Sentenced
Fri, 01 Aug 2014 20:44:06 EDT - A former senior deal maker at Wall Street fixture Evercore Partners Inc. was sentenced Friday to 30 months in prison for his role in an insider-trading scheme. Frank Perkins "Perk" Hixon Jr. was with Evercore's mining and metals group.
Spirit AeroSystems Swings to Profit
Fri, 01 Aug 2014 16:26:38 EDT - Spirit AeroSystems swung to a quarterly profit and raised its full-year sales and earnings' guidance, riding a wave of higher production at Boeing and significant cost cutting under new management.
Chevron Posts Higher Earnings
Fri, 01 Aug 2014 10:03:25 EDT - Chevron said asset sales and demand for crude oil boosted its second-quarter earnings, though crude oil production slipped.
ArcelorMittal Returns to Profit, With U.S. Boost
Fri, 01 Aug 2014 19:35:45 EDT - ArcelorMittal posted its first quarterly profit in two years, reaping benefits from cost cuts in Europe and a resurgence in U.S. steel demand. But it warned that a sharp drop in iron-ore prices would reduce its outlook for full-year earnings.
Gaming-Equipment Makers Merge
Fri, 01 Aug 2014 14:05:29 EDT - Scientific Games agreed to acquire Bally Technologies for $3.3 billion, continuing the consolidation trend in the gaming-equipment industry.
Junk Bonds Sink on Fears Rally Will End as Economy Picks Up
Fri, 01 Aug 2014 11:02:46 EDT - Investors retreated from risky corporate debt, sending prices tumbling and deepening fears of an end to a long rally in junk bonds.
U.S. Hits China Solar Firms
Fri, 01 Aug 2014 10:47:00 EDT - The U.S. is shaking up the global solar-equipment industry by imposing heavy antidumping tariffs on Chinese makers.
Sharp Confirms 'Going Concern' Status
Fri, 01 Aug 2014 11:05:53 EDT - Japanese display maker Sharp Corp. says it no longer has doubts about remaining a "going concern," thanks to a boost in demand for smartphone displays from its key customers.
Lower Bad Debt Provision Boosts Société Générale
Fri, 01 Aug 2014 11:13:17 EDT - French bank Société Générale reported a rise in second-quarter net profit, helped by lower provisions against bad loans, and despite a weak Russian business hurt by the sluggish local economy.
Fairfax Investigated for Alleged Insider Trading
Fri, 01 Aug 2014 13:44:31 EDT - Canadian financial-services company Fairfax Financial Holdings Ltd., said Quebec's securities commission is probing its chief executive, Prem Watsa, and president, Paul Rivett, for alleged insider trading.
Chinese High-Rollers Take Lower Profile
Fri, 01 Aug 2014 21:10:49 EDT - China's anticorruption campaign is damping revenue at Macau's casinos, as well as spending at Hong Kong's luxury malls, as conspicuous consumption loses its cachet.
China Data Point to Growth Rebound
Fri, 01 Aug 2014 17:07:26 EDT - Two gauges of manufacturing activity in China picked up in July, adding to signs that economic growth is recovering as the government's stimulus program takes effect.
European Stocks Follow U.S. Slide
Fri, 01 Aug 2014 15:01:39 EDT - European stocks added to their heavy losses in previous sessions after Wall Street suffered its worst one-day loss since February.

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