FACEBOOK RESULTS KEEP SURGING ON MOBILE AD GROWTH -- 2ND UPDATE
Facebook Inc. on Wednesday put to rest any lingering doubts
about its ability to transform its business into a
mobile-advertising juggernaut(published 2340 GMT Wednesday)
AT&T REPORTS PROFIT DECLINE BUT ADDS MORE USERS--3RD UPDATE
AT&T Inc. said its second-quarter profit fell 7.2% as
wireless service revenue took a hit from a drop in prices tied to a
shift in strategy. (published 2301 GMT Wednesday)
QUALCOMM PROFIT RISES, COMPANY NOTES 'CHALLENGES' IN CHINA--2ND UPDATE
China has turned into a double-edged sword for chip giant
Qualcomm Inc. (published 0002 GMT)
BOEING RAISES EARNINGS OUTLOOK -- 3RD UPDATE
Boeing Co. is wrestling with problems developing a new military
refueling tanker, underscoring the challenges facing its defense
business at a time when sales of commercial jets are booming.
(published 2039 GMT Wednesday)
U.N. BODY TO WIDEN FLIGHT WARNINGS
The Federal Aviation Administration's move on Wednesday to
temporarily extend the ban on U.S. airline flights to Israel is a
prelude to a broad international effort stressing the
responsibility of all countries to safeguard carriers from
hostilities around the globe. (published 2324 GMT Wednesday)
AMERICAN APPAREL NAMES NEW BOARD IN STEP TO RESOLVE LEADERSHIP CRISIS -- UPDATE
American Apparel Inc. on Wednesday chose a new board, bringing
the company a step closer to determining the fate of Dov Charney,
the company's founder, who was suspended as chief executive in
June. (published 2222 GMT Wednesday)
GILEAD SCIENCES REPORTS STRONG SOVALDI SALES--2ND UPDATE
For decades, a liver disease that would slowly kill the infected
person didn't even have a name, let alone an effective medicine.
(published 2349 GMT Wednesday)
GM ENDING PRODUCTION OF EUROPEAN PLUG-IN HYBRID AMPERA
General Motors Co. will stop selling the European version of its
plug-in hybrid Chevrolet Volt amid lackluster sales. (published
2340 GMT Wednesday)
PARENT OF SHANGHAI HUSI FOOD APOLOGIZES-- 4TH UPDATE
The chief executive of the meat supplier at the center of a
food-safety investigation in China apologized Wednesday after some
of the company's employees were detained and the Chinese unit's
management was accused of intentionally selling expired meat to
restaurants. (published 2104 GMT Wednesday)
NEWCREST OUTPUT RISES, FLAGS WRITEDOWNS
Newcrest Mining Ltd. said it produced more gold than expected
during its financial year, but warned it may face further
multibillion-dollar write-downs against the value of its
operations. (published 0026 GMT)
INSURANCE AUSTRALIA GROUP LIFTS MARGIN FORECAST AGAIN
Insurance Australia Group Ltd. again lifted the forecast for its
insurance margin in the just-ended fiscal year, thanks largely to
fewer major natural disasters, but tightened its expectation for
growth in gross written premiums. (published 2308 GMT
Wednesday)
DESPITE OBSTACLES, PETROBRAS SHARES ARE ON RISE
Brazil's state-run oil company Petroleo Brasileiro SA has become
the world's most indebted oil major, its petroleum production has
stagnated, and it is facing several congressional and legal
inquiries. (published 2224 GMT Wednesday)
BOMBARDIER SHAKES UP ORGANIZATION, TO CUT 1,800 JOBS -- UPDATE
Canadian transportation-equipment giant Bombardier Inc. said
Wednesday the head of its aerospace unit is retiring as part of a
corporate shake-up that will see the company shed 1,800 jobs.
(published 0004 GMT)