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From the Wires

Walmart unexpectedly fires CEO

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Friday, July 25, 2014

Forbes: The retail giant fired Bill Simon and named Greg Foran as its new President and CEO.

 

GM profit declines 80%

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Thursday, July 24, 2014

WSJ: General Motors reported an 80% drop in its Q2 net profit, with earnings hit by $1.5 billion in recall-related charges.

 

Study: Dogs can feel jealousy

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Thursday, July 24, 2014

Reuters: A study found that dogs are capable of feeling a basic form of jealousy.

 

Boeing profit surges 52%

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Wednesday, July 23, 2014

Forbes: The aerospace and defense company reported $22.04 billion in second quarter revenue.

 

Apple: iPhone sales jump

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Wednesday, July 23, 2014

WSJ: The consumer electronics giant reported its smartphone sales jumped 12.7%, but its iPad sales fell 9.2% after a 16% decline three months earlier.

 

Comcast profit rises 15%

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Tuesday, July 22, 2014

WSJ: The cable-TV provider reported Q2 profit of $1.99 billion, up from $1.73 billion last year.

 

American fast food chains snagged by food safety scandal in China

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Tuesday, July 22, 2014

Forbes: Workers at a meat supplier in China were shown reusing meat that had fallen to the factory floor, as well as mixing fresh and expired meat. The company then distributed the meat to KFC and McDonald's restaurants in the Shanghai area.

 

Washington volcanoes receive more scientific scrutiny

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Monday, July 21, 2014

LA Times: Using incredibly sensitive instruments, scientists have followed the magma from the Earth's belly to the base of Mt. Rainier.

 

Edward Snowden: Racy photos often shared at NSA

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Monday, July 21, 2014

NYT: The former National Security Agency contractor said in an interview that members of the U.S. military working at the spy agency sometimes shared the sexually explicit photos they intercepted.

 

Forbes Media to sell majority stake

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Friday, July 18, 2014

NYT: Forbes Media has agreed to sell a majority stake in itself to Hong Kong investors.

 

FedEx indicted for delivering illegal prescription drugs

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Friday, July 18, 2014

Bloomberg: The U.S. Department of Justice is charging the shipping giant for delivering drugs for illegal online pharmacies.

 

Microsoft to cut 18,000 jobs

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Thursday, July 17, 2014

Reuters: Microsoft Corp. will slash 14% of its workforce; it will lay off 1,350 employees in the Seattle area.

 

Profits surge at Morgan Stanley

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Thursday, July 17, 2014

NYT: The bank posted profit of $1.3 billion, or 60 cents per share, on $8.5 billion in revenue, up 46% from Q2 of 2013.

 
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