 FRANKFURT (Reuters) - German car and truck maker Daimler's second quarter revenues fell short of expectations, indicating that demand for cars in emerging markets may be starting to cool. |
 WASHINGTON/LONDON (Reuters) - The United States will lose its top-notch AAA credit rating from at least one major rating agency, according to a Reuters poll that also found wrangling over the debt ceiling has already damaged the economy. |
Merck KGaA slashes outlook on weak TV demand Tue,26 Jul 2011 10:57 PM PDT Reuters - FRANKFURT (Reuters) - German drugs and chemicals maker Merck KGaA slashed its full-year profit outlook after second quarter earnings missed forecasts on one-off adjustments and sluggish demand for liquid crystals. Full Story |
Fox moves to subscription TV show streaming Tue,26 Jul 2011 09:03 PM PDT Reuters - LOS ANGELES (TheWrap.com) - Missed the latest episode of "The Simpsons" and want to check it out online the next day? Starting on August 15, you'll be able to --but you'll need to subscribe to a cable or satellite service. Full Story |
S&P sees 2nd Greek debt haircut, new downgrade: report Tue,26 Jul 2011 09:00 PM PDT Reuters - NEW YORK (Reuters) - A new and bigger restructuring of Greek debt is likely within the next two years, an official from credit ratings agency Standard & Poor's said on Tuesday, adding a further downgrade of Greece's sovereign debt rating was "pretty certain."Full Story |
China should make real deposit rates positive: C.bank adviser Tue,26 Jul 2011 08:50 PM PDT Reuters - BEIJING (Reuters) - China should gradually make real bank deposit rates positive and continue to use open market operations and bank reserve requirements to slow money supply, an academic adviser to the People's Bank of China said in comments published on Wednesday. Full Story |
Valeant makes approach for drugmaker Meda Tue,26 Jul 2011 06:53 PM PDT Reuters - PHILADELPHIA/NEW YORK (Reuters) - Canadian drugmaker Valeant Pharmaceuticals International Inc has approached Swedish specialty drug maker Meda AB about a possible acquisition, a source familiar with the situation said on Tuesday. Full Story |
Fox sets new window for TV shows online Tue,26 Jul 2011 06:49 PM PDT Reuters - (Reuters) - Fox Networks said it would provide cable and satellite subscribers an exclusive 8-day window to watch new episodes of Fox shows like "Glee" online following their initial air-dates. Full Story |
 SAN FRANCISCO (Reuters) - Amazon.com Inc will use its surging revenue to boost growth and drive expansion into areas such as Web content and cloud computing rather than boost its margins. |
Katzenberg says "Panda" box office "heartbreaking" Tue,26 Jul 2011 05:19 PM PDT Reuters - LOS ANGELES (TheWrap.com) - After being mired in a stock slump in recent months, DreamWorks Animation announced a stronger than expected second quarter. Full Story |
"True Blood" hits season high ratings; "Curb" surges Tue,26 Jul 2011 04:50 PM PDT Reuters - LOS ANGELES (TheWrap.com) - "Curb Your Enthusiasm" scored a ratings surge even Larry David would have trouble complaining about. Full Story |
Reid's debt plan could speed wireless auctions Tue,26 Jul 2011 04:01 PM PDT Reuters - WASHINGTON (Reuters) - Efforts to give U.S. regulators the authority to auction off some television airwaves for mobile broadband use are getting a boost in a debt ceiling plan proposed by Senate Majority Leader Harry Reid. Full Story |
 CHICAGO (Reuters) - Wal-Mart Stores Inc is opening its first small store in Chicago this week in the first true test of a store format the world's largest retailer hopes will let it penetrate urban markets that it so far has had trouble cracking. |
TSX falls 1 percent on U.S. debt and earnings Tue,26 Jul 2011 03:34 PM PDT Reuters - TORONTO (Reuters) - Toronto's main stock index closed more than 1 percent lower on Tuesday as uninspired Canadian earnings and a impasse in U.S. debt talks kept many investors on the sidelines. Full Story |
BP and Phibro join Q2 oil market losers Tue,26 Jul 2011 02:52 PM PDT Reuters - LONDON/SAN FRANCISCO (Reuters) - Global giant BP and trading house Phibro joined the list of market titans wrong-footed by last quarter's oil volatility, while Deutsche Bank emerged with record commodity earnings. Full Story |
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