TWITTER USER GROWTH PICKS UP; REVENUE SOARS -- 2ND UPDATE
Twitter Inc. on Tuesday quieted its doubters, at least for now,
over its ability to jump-start shrinking user growth in the shadow
of larger rival Facebook Inc. (published 2337 GMT Tuesday)
CHINA PROBES MICROSOFT OVER ANTIMONOPOLY ISSUES -- UPDATE
China confirmed it is investigating whether Microsoft Corp.
broke its antimonopoly laws, the latest sign of growing commercial
and policy tensions between the U.S. and China that are roiling
technology companies in both countries. (published 2308 GMT
Tuesday)
AMGEN PLANS TO CUT UP TO 15% OF WORKFORCE -- 2ND UPDATE
Amgen Inc. said it plans to reduce its global workforce by 12%
to 15% and close facilities in two states as part of a
restructuring that aims to focus resources on developing new drugs.
(published 2303 GMT Tuesday)
DREAMWORKS ANIMATION REPORTS LOSS -- UPDATE
DreamWorks Animation SKG Inc. reported a loss in the second
quarter and saw its revenue fall nearly 43% as the film studio
continues to feel the fallout from recent flops. (published 2138
GMT Tuesday)
PFIZER STILL LOOKING TO BUY; RESULTS BEAT VIEWS -- 2ND UPDATE
Pfizer Inc. said Tuesday it was looking at potential deals,
including big ones, after earlier dropping its pursuit of British
rival AstraZeneca PLC. (published 2018 GMT Tuesday)
U.S. STEEL LOSS NARROWS AMID COST CUTS--UPDATE
U.S. Steel Corp.'s second-quarter loss narrowed as the company
continues to cut costs amid a still-glutted global market.
(published 2208 GMT Tuesday)
ICAHN TRIMS STAKE IN FAMILY DOLLAR
Carl Icahn's investor group trimmed its stake in Family Dollar
Stores Inc., a day after the discount retail chain agreed to an
$8.5 billion buyout offer from rival Dollar Tree Inc. (published
2154 GMT Tuesday)
BANK OF AMERICA CONTINUES TO SLASH LOANS IN RUSSIA
Bank of America Corp. continues to cut its exposure to Russia
amid increasing political tension in the region. (published 2135
GMT Tuesday)
MARRIOTT PROFIT RISES ON REVENUE INCREASE
Marriott International Inc. said its second-quarter earnings
rose 7.3% on an increase in revenue and on a key industry metric
buoyed by stronger average daily room rates. (published 2127 GMT
Tuesday)
ANADARKO PROFIT FALLS 76%; HEDGING IMPACTS MASK STRONGER SALES
Anadarko Petroleum Corp. said its second-quarter earnings fell
76% on hedging impacts that masked the oil-and-gas company's
stronger sales. (published 2045 GMT Tuesday)
AUSTRALIAN GOLD MINER REGIS EXPECTS FY LOSS AMID WRITEDOWNS
Mining company Regis Resources Ltd. expects to record an annual
loss after a slide in gold prices and writedowns against its
Australian operations and projects of up to 280 million Australian
dollars . (published 0023 GMT)
NEWMONT MINING CORP. TO INVEST UP TO $1 BILLION TO DEVELOP SURINAME GOLD MINE -- UPDATE
Newmont Mining Corp. plans to invest up to $1 billion in cash to
develop the Merian gold mine in Suriname. (published 0007 GMT)
AMAZON CALLS FOR HACHETTE TO CUT E-BOOK PRICES
Amazon.com Inc. on Tuesday described its dispute with the
Hachette Book Group as a battle for lower consumer prices on
digital titles and a bigger payday for writers. (published 2306 GMT
Tuesday)
NCR PROFIT INCREASES, COMPANY PLANS RESTRUCTURING TO FOCUS ON HIGH-MARGIN PRODUCTS
NCR Corp. reported a 5% increase in second-quarter profit and
announced a restructuring program. (published 2332 GMT Tuesday)
MORGAN STANLEY PLANS SALARY RAISE FOR JUNIOR BANKERS, CAPITAL-MARKETS STAFF--UPDATE
Morgan Stanley told junior bankers and junior workers on its
capital-markets desks it will raise their base salaries by as much
as 25%. (published 2353 GMT Tuesday)