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  • Kellogg's sales hurt as dieters drop Special K

    Thursday, Jul 31, 12:18 pm
    NEW YORK (AP) -- Kellogg's cereal sales are struggling, in part because Special K is falling out of fashion with dieters.The company, based in Battle Creek, Michigan, said Thursday that its profit... Read more...
  • Iliad of France makes surprise bid for T-Mobile US

    Thursday, Jul 31, 11:49 am
    NEW YORK (AP) -- T-Mobile US Inc., the most eligible company in the U.S. wireless industry, has another suitor on its hands. Upstart French telecom company Iliad SA on Thursday said it has offered $15... Read more...
  • Exxon profit surges, but production slips

    Thursday, Jul 31, 11:49 am
    NEW YORK (AP) -- Exxon Mobil's net income rose 28 percent in the second quarter on a sale of Asian assets and higher oil prices, but oil and gas production slipped a disappointing 6 percent.Exxon... Read more...
  • In San Francisco real estate, $1M won't buy much

    Thursday, Jul 31, 10:36 am
    SAN FRANCISCO (AP) -- San Francisco Association of Realtors President Betty Taisch has two words of advice for those who want to live here and think $1 million will buy them their dream house: think... Read more...
  • GE spinoff Synchrony flat in stock market debut

    Thursday, Jul 31, 10:08 am
    NEW YORK (AP) -- Shares of Synchrony Financial are nearly flat in their debut Thursday on the New York Stock Exchange.The credit card company raised $2.875 billion, selling 125 million shares... Read more...
  • Irish bookmaker apologizes for 2010 data breach

    Thursday, Jul 31, 10:06 am
    DUBLIN (AP) -- Irish betting company Paddy Power announced Thursday it is notifying hundreds of thousands of customers that most of their profile information was stolen in 2010, but hackers did not... Read more...
  • Ailing Portuguese bank's shares sink after losses

    Thursday, Jul 31, 9:07 am
    LISBON, Portugal (AP) -- The woes of troubled Portuguese bank Banco Espirito Santo deepened Thursday as its share price plunged on the Lisbon stock exchange, a day after it reported a record half-year... Read more...
  • Average US 30-year mortgage rate at 4.12 percent

    Thursday, Jul 31, 8:14 am
    WASHINGTON (AP) -- Average U.S. mortgage rates declined slightly this week, hovering near their lows for the year.Mortgage company Freddie Mac said Thursday that the nationwide average for a... Read more...
  • US stocks open lower; Yum Brands sinks

    Thursday, Jul 31, 7:12 am
    NEW YORK (AP) -- Stocks are opening lower as investors react to more disappointing earnings from companies.L-3 Communications Holdings plunged 14 percent, the most in the Standard & Poor's 500... Read more...
  • MasterCard 2Q profit rises on volume growth

    Thursday, Jul 31, 6:12 am
    PURCHASE, N.Y. (AP) -- MasterCard's second-quarter net income climbed 9.8 percent as it benefited from volume growth and handled more transactions in the period.The company's results topped analysts'... Read more...
  • Russia ordered to pay another $2.5 bln for Yukos

    Thursday, Jul 31, 5:00 am
    PARIS (AP) -- The European Court of Human Rights on Thursday ordered Russia to pay out another 1.9 billion euros ($2.5 billion) to a group of shareholders of Yukos, the oil company the government dismantled... Read more...
  • Volkswagen 2nd quarter profit up but revenue slips

    Thursday, Jul 31, 3:24 am
    BERLIN (AP) -- Germany's Volkswagen, Europe's biggest automaker, says its net income rose 14.1 percent in the second quarter although revenues slipped even as unit sales pushed higher.Volkswagen... Read more...
  • Samsung earns $6.1 billion, shares plunge

    Thursday, Jul 31, 2:55 am
    SEOUL, South Korea (AP) -- Samsung earned $6.1 billion last quarter but investors were dissatisfied, sending its share price down 4 percent. The panoply of numbers in its earnings report for the April-June... Read more...
  • Adidas issues profit warning on Russia risks

    Thursday, Jul 31, 2:06 am
    BERLIN (AP) -- Sports equipment maker Adidas lowered its full-year profit target on Thursday, citing among other things increasing risk in the Russian market amid mounting political tensions over Ukraine.Russia's... Read more...
  • Alcatel loss narrows in 2Q

    Thursday, Jul 31, 1:18 am
    PARIS (AP) -- Telcommunications equipment company Alcatel-Lucent SA says its net loss narrowed in the second quarter thanks to lower accounting charges, while revenue stagnated and restructuring charges... Read more...
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