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News 29 new results for Business

Stocks set to rise as euro fears wane CNN By CNNMoney staff July 22, 2011: 6:25 AM ET NEW YORK (CNNMoney) -- US stocks were poised for gains Friday, as contagion fears eased after European leaders announced a new bailout for Greece. Dow Jones industrial average (INDU), S&P 500 (SPX) and Nasdaq ... See all stories on this topic »

Express Scripts plans to buy Medco Indianapolis Star They sit 25 miles apart in Central Indiana: two sprawling, automated buildings, each employing hundreds of workers, dispensing thousands of mail-order prescription drugs a day. Now the big question is: Will both operations stay open, now that their ... See all stories on this topic »

United CEO says union deals won't wrap this year Houston Chronicle By JENALIA MORENO Any marriage faces its stumbling blocks, and for the United and Continental airlines merger, it's labor issues that are delaying the honeymoon. The two carriers merged on Oct. 1, but they probably won't reach joint collective ... See all stories on this topic »

North American drilling boosts Schlumberger Ltd. 2Q profit by 64 percent Washington Post By AP, NEW YORK — Schlumberger Ltd. says second-quarter profits jumped 64 percent on a surge in North American oil drilling. The Houston oil service company on Friday reported earnings of $1.34 billion, or 98 cents per share, for the three-month period ... See all stories on this topic »

Futures Higher, Relief Over Greek Deal CNBC.com Stock index futures pointed to gains for Wall Street following a new Greek rescue deal that allayed fears that the euro zone crisis will spread to other peripheral euro zone nations. European banks and insurers rose on Friday after Greece's private ... See all stories on this topic »

Smooth CEO handoff expected at Schlumberger Houston Chronicle By BRETT CLANTON Schlumberger's announcement Thursday that CEO Andrew Gould will retire next month and be replaced by Chief Operating Officer Paal Kibsgaard may signal a change at the top of the world's largest oil field services provider but not ... See all stories on this topic »

US Government Ends Chrysler Investment With $1.3 Billion Loss Fox News President Obama speaks at Chrysler Group's Toledo Assembly complex in front of a Jeep Wrangler, Friday, June 3, 2011, in Toledo, Ohio. The US government has sold its shares in Chrysler LLC at a likely loss of $1.3 billion in taxpayer money, ... See all stories on this topic » Fox News

German business morale hits 9-month low in July Reuters By David Milliken BERLIN, July 22 (Reuters) - German business sentiment fell to a nine-month low in July, the closely watched Ifo survey showed on Friday, adding to evidence that a growth surge in Europe's largest economy is losing momentum. ... See all stories on this topic »

Volvo sees China construction slowdown as temporary Reuters STOCKHOLM, July 22 (Reuters) - A slowdown in the Chinese construction equipment will be temporary and the fundamentals for the market remained strong, industrial group Volvo (VOLVb.ST) said on Friday. The company, the world's second biggest bigger of ... See all stories on this topic »

TomTom Posts Surprise Loss on Writedown, Plans Cost Cuts BusinessWeek By Maaike Noordhuis July 22 (Bloomberg) -- TomTom NV, Europe's largest maker of portable navigation devices, reported an unexpected second- quarter loss after writing down goodwill from the acquisition of Tele Atlas NV in 2008. ... See all stories on this topic »

Delta, US Airways get tentative OK for slot swap Reuters A Delta plane sits on a runway prior to takeoff at John F Kennedy International Airport in New York December 25, 2009. ATLANTA (Reuters) - Delta Air Lines (DAL.N) and US Airways Group (LCC.N) won tentative US government approval on Thursday to proceed ... See all stories on this topic » Reuters

Consumer Financial Protection Bureau Promotes Trust And Simplicity Business Insider Want to know what people find most confusing about mortgage disclosure documents? Then check out these heat maps created by a new government regulatory agency. The heat maps show two model mortgage forms that the agency posted on its website. ... See all stories on this topic » Business Insider

Paulson Said to Hire Hong Kong Specialist After Sino-Forest Loss San Francisco Chronicle July 22 (Bloomberg) -- John Paulson said he will hire a specialist in Hong Kong for his $37 billion Paulson & Co. hedge fund after losses tied to Sino-Forest Corp., according to two people briefed on the matter. Sino-Forest, the Chinese forestry ... See all stories on this topic »

Con Ed reduces power to thousands in Queens Wall Street Journal AP NEW YORK — Con Edison says it has reduced power to tens of thousands of customers in Queens because of electrical equipment problems. The company says in a statement that the voltage reduction was done as a precaution to protect equipment and ... See all stories on this topic »

Freeport Indonesia, union pay talks enter third day Reuters JAKARTA, July 22 (Reuters) - Negotiations between Freeport McMoran Copper & Gold and its workers in Indonesia over pay entered the third day on Friday, as the mining giant reported losses of copper and gold after a strike at its massive mine. ... See all stories on this topic »

Postal Service Pushes To End Saturday Delivery ABC News (blog) The US Postal Service is facing an $8.3 billion budget shortfall this year, in large part because of losing almost half of its first class mail to online bill pay and email communication. After laying off 110000 employees and cutting $12 billion over ... See all stories on this topic »

Posco Q2 operating profit down on high costs AFP SEOUL — South Korea's main steelmakeer Posco said Friday that second-quarter operating profit fell 11 percent from a year earlier due to higher input costs, despite a rise in steel product prices. But the world's third largest steelmaker in terms of ... See all stories on this topic » AFP

RPT-METALS-Weak dollar, Escondida strike push copper up Reuters By Pratima Desai LONDON, July 22 (Reuters) - Copper firmed on Friday, supported by a weaker dollar against the euro, stronger investment demand, worries about supplies from Chile and receding worries about demand from top consumer China. ... See all stories on this topic »

PepsiCo woos Hollywood Theaters, Stevi B's away from Coca-Cola Atlanta Journal Constitution By Jeremiah McWilliams Six months after Coca-Cola won the rights to sell beverages at Starwood Hotels & Resorts, wrenching back the account from its main rival, PepsiCo has a couple of small wins of its own to brag about. ... See all stories on this topic »

AMD Turns to Profit From Loss New York Times By BLOOMBERG NEWS Advanced Micro Devices, a maker of processors for personal computers, reported quarterly profit on Thursday that beat analysts' estimates, citing orders for a new range of chips. Second-quarter net income was $61 million, ... See all stories on this topic »

Vodafone Reports Slowing Service Sales Growth on Spain, Italy Bloomberg A pedestrian walks past an advert for Vodafone Group Plc, in Mumbai, India. Photographer: Prashanth Vishwanathan/Bloomberg June 28 (Bloomberg) -- Willem-Mark Nabarro, head of European equities at Exane BNP Paribas, discusses the outlook for equity ... See all stories on this topic »

At fairs and on farms, animals take the heat The Associated Press PARADISE, Pa. (AP) — Cows don't crank up the air conditioning, pigs can't chill out in a movie theater and chickens won't cannonball into a pool. At farms, fairs and the racetrack, the furry and feathered rely on human caretakers to keep them ... See all stories on this topic » The Associated Press

Economy's spring slump could last through summer The Associated Press WASHINGTON (AP) — The economy's spring slump appears to be extending into the summer, according to a slew of mixed data released Thursday. Layoffs are rising. Manufacturing activity in the Northeast expanded only slightly in July after contracting in ... See all stories on this topic » The Associated Press

Wal-Mart to enter local grocery wars Boston Globe Analysts said Walmart Market could benefit consumers by offering another low-cost competitor to a region that only recently has seen new chains open stores. By Kaivan Mangouri Wal-Mart Stores Inc. is opening its first Market grocery store in the ... See all stories on this topic » Boston Globe

Dodd-Frank Swipe-Fee Cap Already Ending Debit Card Rewards: One Year Later Bloomberg By Phil Mattingly - Thu Jul 21 04:00:00 GMT 2011 The final rule set by the Federal Reserve calls for a 21-cent cap on debit-card transaction fees. Photo Illustration: Bloomberg The final rule set by the Federal Reserve calls for a 21-cent cap on ... See all stories on this topic »

Optimism for Digital Plan, But Times Co. Posts Loss New York Times By JEREMY W. PETERS The New York Times Company reported on Thursday that nearly a quarter of a million people had purchased subscriptions to The Times website, a sign that its digital strategy was paying off so far. Since March, when The Times ... See all stories on this topic »

Questions On Holdings At the Fed Wall Street Journal By SIOBHAN HUGHES And MICHAEL S. DERBY The Federal Reserve Bank of New York again is facing scrutiny over stockholdings held by a senior official during the 2008 financial crisis. Then-New York Fed President Timothy Geithner issued a waiver that ... See all stories on this topic »

Mitch Lowe Departs Redbox Home Media Magazine Lowe, who helped co-found Netflix before joining Redbox in 2003, is leaving to pursue "entrepreneurial and other interests," according to a company statement. He will remain until a successor is found. "I feel very fortunate to have been part of the ... See all stories on this topic » Home Media Magazine

Toll hike on the Pa. Turnpike for those without an E-Z Pass Newsworks.org By Mary Wilson The Turnpike Commission is hiking tolls by 10 percent for drivers who go through the cash line. That means rates will go from a dollar and ten cents to a dollar-twenty-five. Motorists using an EZ Pass won't see increases at all. ... See all stories on this topic »

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