Sony cuts TV sales forecast, keeps smartphone, game console outlook

Sony Corp said on Thursday it lowered its TV sales forecast for the year ending in March 2014 by 6.3 percent to 15 million units, down from a previous estimate of 16 million. Sony, Japan's best known consumer ...

via Business News http://finance.yahoo.com/news/sony-cuts-tv-sales-forecast-062240646.html

Asian shares, commodities up on China PMI; dollar off 6-week low

Asian shares and commodity prices rose on Thursday after China's official manufacturing activity data came in better than expected, easing some concerns of a sharp slowdown in the world's second-largest ...

via Business News http://finance.yahoo.com/news/asian-shares-commodities-china-pmi-061023504.html

Toyota says July China auto sales down 3.5 percent year-on-year

Toyota Motor Corp and its two local joint-venture partners sold about 75,600 automobiles in China in July, down 3.5 percent from a year earlier, the Japanese automaker said on Thursday. That follows a ...

via Business News http://finance.yahoo.com/news/toyota-says-july-china-auto-060947422.html

Sanofi CEO says authorities visit China office

Sanofi said one of its regional offices in China has been visited by the State Administration for Industry and Commerce in Shenyang as part of a probe into a bribery scandal that has involved other Western ...

via Business News http://finance.yahoo.com/news/sanofi-ceo-says-authorities-visit-061812978.html

Fed stays on track with bond buying, for now

The Federal Reserve on Wednesday said the economy continues to recover but is still in need of support, offering no indication that it is planning to reduce its bond-buying stimulus at its next meeting ...

via Business News http://finance.yahoo.com/news/fed-keep-buying-bonds-may-040405265.html

China factory sector struggles, big firms fare better

China's factory activity stayed weak in July as persistent pressure on the economy extended into the third quarter, although bigger firms fared better as the government moved to bolster growth, a pair ...

via Business News http://finance.yahoo.com/news/china-factory-sector-struggles-big-052339261.html

Insight: For nuns and analysts alike, bank commodity earnings are a mystery

When the Reverend Seamus Finn got an email from Goldman Sachs last week, the giant Wall Street bank was addressing an issue that was already on his mind. "We were getting ready to go back to them ...



via Business News http://finance.yahoo.com/news/insight-nuns-analysts-alike-bank-050444137.html

Fed Downgrades U.S. Economic Growth to Modest, Stays the Course

The Federal Reserve says the U.S. economy is growing modestly, a downgrade from its June assessment. The Fed expects growth will pick up in the second half of the year.

via Business News http://finance.yahoo.com/news/fed-downgrades-us-economic-growth-modest-180217007.html

Macy, Penney to wrap up trial on Martha Stewart home goods dispute

A New York state judge could decide as soon as Thursday whether J.C. Penney Co Inc can sell certain Martha Stewart-branded home goods despite rival Macy's Inc's exclusive deal with the doyenne of U.S. ...

via Business News http://finance.yahoo.com/news/macy-penney-wrap-trial-martha-040758024.html

Goldman blinks but no relief for Wall Street's commodity traders

Goldman Sachs' effort to diffuse intensifying pressure over its commodity business by throwing open its metal warehouse doors likely comes too late to head off further scrutiny of Wall Street's commodity ...

via Business News http://finance.yahoo.com/news/goldman-blinks-no-relief-wall-040534007.html

Analysis: Mortgage bond sell-offs hit U.S. banks with big losses

U.S. banks, who had little choice in recent years but to use deposits to buy super safe mortgage bonds, are now getting an unpleasant taste of the risks. On Wednesday, Tulsa, Oklahoma-based BOK Financial ...



via Business News http://finance.yahoo.com/news/analysis-mortgage-bond-sell-offs-040621619.html

Mom, Pop May Be Ready to Jump Into Stocks, but Some Signs Flash Caution

The stock market is hovering near all-time highs, prompting more retail investors to finally accept its enticing invitation to jump in. Yet the average stock doesn’t appear poised to please today’s buyer over the next few years.

via Business News http://finance.yahoo.com/blogs/michael-santoli/mom-pop-may-ready-jump-stocks-signs-flash-162025867.html

Abolish the IRS and Simplify Tax Code: Steve Forbes

The Daily Ticker's Aaron Task sat down with Steve Forbes, CEO of Forbes Media and noted Republican, to discuss some of the most pressing financial news stories of the week.

via Business News http://finance.yahoo.com/blogs/daily-ticker/abolish-irs-simplify-tax-code-steve-forbes-160401433.html

China HSBC PMI dips to 11-month low in July

China's factory activity shrank for a third straight month in July to its lowest level in nearly a year as new orders fell, a private survey showed on Thursday, signaling the persistent pressure on the ...

via Business News http://finance.yahoo.com/news/china-hsbc-pmi-dips-11-025742290.html

GDP Rises 1.7% as ‘Taylor Swift Effect’ Adds to Growth

The Bureau of Economic Analysis just re-wrote 83 years of economic history.

via Business News http://finance.yahoo.com/blogs/breakout/gdp-rises-1-7-taylor-swift-effect-adds-152433245.html

Some Dell swing shareholders ready to compromise: sources

Some of Dell Inc's largest investors who have abstained from voting on a $24.4 billion bid led by founder Michael Dell to take the No. 3 PC-maker private told the company's board this week that they would ...

via Business News http://finance.yahoo.com/news/dell-swing-shareholders-ready-compromise-015345741.html

Jury in Tourre trial to resume deliberations Thursday

Jurors will deliberate for a second day on Thursday over whether to hold former Goldman Sachs Group Inc trader Fabrice Tourre liable for defrauding investors in a complex deal tied to subprime mortgages. ...

via Business News http://finance.yahoo.com/news/jury-begins-deliberations-trial-former-145455087.html

CIT cuts off credit to some J.C. Penney vendors: source

Commercial lender CIT Group abruptly stopped funding some future shipments to J.C. Penney Co , a source familiar with the situation said Wednesday, in a move that could disrupt the retailer's holiday shipments ...

via Business News http://finance.yahoo.com/news/cit-cuts-off-credit-j-000536818.html

Dying out? China's young shun family firms

Dai Yintao, 21, is the only son of the millionaire owner of Chinese real estate, pharmaceutical and mining companies. He has no interest in taking over his father's business, opting instead to work on ...

via Business News http://finance.yahoo.com/news/dying-chinas-young-shun-family-003718735.html

U.S. court ends Pemex bribery case against Siemens, SK Engineering

A U.S. federal judge has dismissed a $500 million lawsuit brought by state-owned Mexican oil company Pemex against Siemens AG and a South Korean company that claimed the defendants bribed Pemex officials ...



via Business News http://finance.yahoo.com/news/u-court-ends-pemex-bribery-234545686.html

For Airgas founder, time to savor rival's hedge fund headache

For Airgas Inc founder and Chairman Peter McCausland, there was a fair amount of schadenfreude in the air on Wednesday. McCausland, 62, fought a bitter and eventually successful battle for 13 months to ...



via Business News http://finance.yahoo.com/news/airgas-founder-time-savor-rivals-222934459.html

Qatar Dreamliner returns to service after 10-day hiatus

A Qatar Airways 787 Dreamliner grounded last week amid reports of a problem with an electrical panel in the aircraft has resumed flying, the airline said on Wednesday. The jet, known as A7-BCB, landed ...



via Business News http://finance.yahoo.com/news/qatar-dreamliner-returns-10-day-214430234.html

Facebook’s Back: Shares Briefly Top $38 IPO Price

It's been quite a week for Facebook CEO Mark Zuckerberg.

via Business News http://finance.yahoo.com/blogs/daily-ticker/facebook-back-shares-top-38-ipo-price-135927224.html

Wall Street opens modestly higher after data

Stocks opened modestly higher on Wednesday as the latest round of economic data showed stronger-than-anticipated jobs growth in the private sector and accelerated momentum by the economy. Investors were ...

via Business News http://finance.yahoo.com/news/stock-futures-little-changed-ahead-114749183.html

Dell buyout consortium sees deal collapsing: source

Dell Inc CEO Michael Dell and his private equity partner Silver Lake expect their deal to buy the No. 3 PC maker to collapse unless the company's special committee changes how votes on the transaction ...

via Business News http://finance.yahoo.com/news/dell-buyout-consortium-sees-deal-133252763.html

Ackman buys 9.8 percent stake in Air Products

Activist investor William Ackman said his Pershing Square Capital Management has acquired a 9.8 percent stake in Air Products & Chemicals Inc , one week after the industrial gas producer adopted a poison ...

via Business News http://finance.yahoo.com/news/ackman-buys-9-8-percent-115529346.html

JP Morgan says acted correctly in Monte Paschi case

U.S. investment bank J.P. Morgan , which is being investigated by Italian prosecutors probing Monte dei Paschi's purchase of a smaller rival, said on Wednesday it and its employees acted correctly at all ...

via Business News http://finance.yahoo.com/news/jp-morgan-says-acted-correctly-131758426.html

Belaruskali says was not consulted on Uralkali pullout

Belarussian potash producer Belaruskali said it was not consulted by Uralkali before the Russian company quit their joint venture, as it promised a new sales strategy to address the expected impact of ...

via Business News http://finance.yahoo.com/news/belaruskali-not-consulted-uralkali-pullout-123835604.html

Qatar 787 back in air after 10-day outage: Flightaware

A Qatar Airways 787 Dreamliner that was grounded last week amid reports of a problem with an electrical panel resumed flying on Wednesday, web tracking service Flightaware said. The aircraft, known as ...

via Business News http://finance.yahoo.com/news/qatar-787-back-air-10-134102590.html

MasterCard posts 21 percent rise in profit, shares rise

MasterCard Inc reported a better-than-expected 21 percent rise in quarterly profit as more people used cards to make payments, sending its shares up 3 percent before the bell. The world's second-largest ...

via Business News http://finance.yahoo.com/news/mastercard-posts-21-percent-rise-121038431.html

Comcast's second-quarter profit, revenue rises

Comcast Corp posted a higher quarterly profit on Wednesday, as it added more Internet customers than expected on the cable side and saw a more than 20 percent increase in operating cash flow at its NBC ...

via Business News http://finance.yahoo.com/news/comcasts-second-quarter-profit-revenue-120614165.html

Apple CEO Met China Mobile Head, Discussed Cooperation

Tim Cook on Tuesday met with the head of China Mobile, the world's largest mobile carrier by subscribers and the only Chinese carrier that doesn't offer iPhones and iPads.

via Business News http://finance.yahoo.com/news/china-mobile-says-chairman-met-080335343.html

Spitzer Faces Limits on Playing Sheriff Again

Eliot Spitzer promises that if he gets elected New York City comptroller, he'll reimagine the office, using about $80 billion in pension stock holdings to keep corporations well-managed.

via Business News http://finance.yahoo.com/news/spitzer-faces-limits-playing-sheriff-000000580.html

Global Markets Drift Ahead of Fed Statement

Global stock markets drifted Wednesday as investors waited for the Federal Reserve's latest assessment of the U.S. economy.

via Business News http://finance.yahoo.com/news/global-stock-markets-drift-ahead-091233513.html

Google's Data-Trove Dance

There are signs Google is feeling increased pressure to calibrate how much emphasis it puts on user privacy.

via Business News http://finance.yahoo.com/news/googles-data-trove-dance-020400047.html

Pot Growers Alarm California Farmers

FRESNO, Calif.—Farmers here in the Central Valley, home to one of the country's richest agricultural regions, are grappling with a mounting problem: pot. California's legalization of medical marijuana ...



via Business News http://finance.yahoo.com/news/pot-growers-alarm-california-farmers-233200512.html

Banks’ Focus on Recovery Is Miring Europe’s Economic Growth

Quarterly reports from the three biggest European banks showed that they continue to lag behind their American peers as they focus more on rehabilitation, delaying the Continent’s economic rebound.

via Business News http://finance.yahoo.com/news/banks-focus-recovery-miring-europe-034123378.html

Eurozone Jobless Down for First Time in 2 Years

Further evidence emerged Wednesday that the eurozone economy is on the mend after struggling with a recession that's seen unemployment edge toward the 20 million mark. Figures from Eurostat, the EU's statistics ...



via Business News http://finance.yahoo.com/news/eurozone-jobless-down-first-time-090128326.html

Siemens Appoints Finance Chief Kaeser as CEO

Siemens has appointed finance chief Joe Kaeser as its new chief executive, handing a manager with over 30 years' experience at the industrial conglomerate the task of improving its fortunes after missed ...

via Business News http://finance.yahoo.com/news/siemens-appoints-finance-chief-kaeser-094737406.html

The Airlines' Endless Quest for Better Boarding

Getting people on and off an airplane quickly is so complicated that even an astrophysicist couldn't figure it out. The astrophysicist, Jason Steffen of the University of Illinois, normally contemplates ...

via Business News http://finance.yahoo.com/news/airlines-endless-quest-better-boarding-070247787.html

Budweiser Brewer Earnings Fall on Taxes, Financing

Budweiser maker Anheuser-Busch InBev SA saw its second quarter earnings fall by nearly a quarter due to higher taxes and higher financing costs. The world's largest brewer said Wednesday that its net profit ...



via Business News http://finance.yahoo.com/news/budweiser-brewer-earnings-fall-taxes-054853834.html

VW Holds Its Own in Tough Market

German automaker Volkswagen AG says net profit fell 50 percent in the second quarter compared to the previous year, when earnings were boosted by a one-time accounting plus related to its takeover of Porsche. ...

via Business News http://finance.yahoo.com/news/vw-holds-own-tough-market-092054313.html

Glaxo Case Shines Light on China's Medical Bribery

Huang Dongliang says his uncle was being ignored by his low-paid cancer physician at a Chinese government hospital. So the family gave the doctor a "hongbao," the traditional red envelope used ...

via Business News http://finance.yahoo.com/news/glaxo-case-shines-light-chinas-094915396.html

Beijing offers growth assurance in its economic balancing act

China's authorities, mindful of the risk of a sharp economic slowdown that could derail their reform efforts, sent their clearest signal yet that they will safeguard growth and tweak policy when necessary. ...

via Business News http://finance.yahoo.com/news/beijing-offers-growth-assurance-economic-103155156.html

Humana profit rises on growth in retail, employer units

Health insurer Humana Inc said on Wednesday that its second-quarter profit rose 18 percent, helped by growth in both its direct-to-customer division and the unit that markets plans to employers. The company, ...



via Business News http://finance.yahoo.com/news/humana-second-quarter-profit-rises-101707887.html

Burger King Worldwide profit jumps 30 percent

Burger King Worldwide Inc reported a 30 percent increase in quarterly profit and a better-than-expected rise in global same-restaurant sales. The third-biggest U.S. hamburger chain said second-quarter ...

via Business News http://finance.yahoo.com/news/burger-king-worldwide-profit-jumps-111443777.html

Schneider Electric agrees $5.2 billion takeover of Invensys

France's Schneider Electric is to buy British engineer Invensys for an agreed 3.4 billion pounds to strengthen its high-margin industrial automation business and win more custom in the fast-growing energy ...



via Business News http://finance.yahoo.com/news/schneider-electric-agrees-5-2-105601419.html

Siemens third-quarter core profit misses expectations

German engineering group Siemens reported a drop in core operating profit as it announced a change in its top management. Siemens said on Wednesday Total Sectors profit - operating profit for its four ...

via Business News http://finance.yahoo.com/news/siemens-third-quarter-core-profit-103400948.html

Apple CEO met China Mobile head, discussed cooperation

Apple Inc CEO Tim Cook on Tuesday met with the head of China Mobile Ltd, the world's largest mobile carrier by subscribers and the only Chinese carrier that doesn't offer iPhones and iPads. The meeting ...

via Business News http://finance.yahoo.com/news/china-mobile-says-chairman-met-082047098.html

U.S. ruling could delay Fiat's Chrysler buyout

A ruling by a U.S. judge risks delaying Fiat's plan to buy up all of Chrysler unless it can reach an out-of-court settlement with a healthcare trust that is a minority shareholder in the U.S. group. The ...

via Business News http://finance.yahoo.com/news/u-ruling-could-delay-fiats-085813923.html

Corporate sleuths on edge after China detains foreign consultants

The detention by Chinese authorities of a British corporate investigator and his American wife in the wake of a corruption probe into pharmaceutical giant GlaxoSmithKline has had a chilling effect on other ...

via Business News http://finance.yahoo.com/news/corporate-sleuths-edge-china-detains-094021803.html

Honda first-quarter profit lower than expected, cautious on emerging markets

Honda Motor Co announced a lower than expected 5.1 percent rise in quarterly operating profit after sales in Japan dropped following the end of subsidies and as it lagged behind rivals in selling profitable ...

via Business News http://finance.yahoo.com/news/honda-first-quarter-profit-lower-081138259.html

Euro zone unemployment falls for first time in two years

The number of people unemployed in the euro zone fell for the first time in more than two years in June, the latest sign that the bloc's economy may be pulling out of recession, while inflation held steady ...

via Business News http://finance.yahoo.com/news/euro-zone-unemployment-falls-first-091218653.html

U.S. economy likely lost step in second; expected to regain pace

U.S. economic growth likely slowed sharply in the second quarter, but it is poised to regain momentum as the burden brought on by belt-tightening in Washington eases. Gross domestic product probably grew ...

via Business News http://finance.yahoo.com/news/u-economy-likely-lost-step-050834935.html

Shares dip, dollar steady before Fed

World shares and oil dipped and the dollar held firm on Wednesday in muted trade as investors steered clear of big bets ahead of a Federal Reserve meeting and data offering a window on the health of the ...

via Business News http://finance.yahoo.com/news/dollar-steady-fed-china-shares-062819423.html

Apple’s Most Important New Product Isn’t a Wristwatch

The most important product in Apple’s stable this year is the same one that’s been critical to the company’s success for the past five years.

via Business News http://finance.yahoo.com/blogs/the-exchange/apple-most-important-product-isn-t-wristwatch-214631784.html

Fed to keep buying bonds, but may point to plans to taper

The Federal Reserve likely will decide at the end of a policy meeting on Wednesday to continue buying bonds at an $85 billion monthly pace, but it could alter an accompanying statement to spell out the ...

via Business News http://finance.yahoo.com/news/fed-keep-buying-bonds-may-040405265.html

EADS changes name to Airbus, raises jet order target

Europe's EADS on Wednesday confirmed plans to reorganize into three divisions and adopt the name of its planemaker unit Airbus in a bid to unite its businesses and boost shareholder returns. EADS will ...

via Business News http://finance.yahoo.com/news/eads-changes-name-airbus-raises-052442464.html

Analysis: Ford could close U.S. pension funding gap by end of 2014

Thanks to rising interest rates and an injection of cash, Ford Motor Co could be in a position that would have been unthinkable only a few years ago - with a fully funded U.S. pension fund. Ford, which ...

via Business News http://finance.yahoo.com/news/analysis-ford-could-close-u-050332458.html

Ex-workers sue Apple, seek overtime for daily bag searches

Two former Apple Inc employees have accused the iPhone maker in a lawsuit of subjecting hourly store workers to daily searches while they were off-the-clock, arguing they should be compensated. The "screenings" ...

via Business News http://finance.yahoo.com/news/ex-workers-sue-apple-seek-015240869.html