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Hyundai Motor second-quarter profit slips as firmer won, U.S. discounts hurt

published less than 1 hour ago
Hyundai Motor second-quarter profit slips as firmer won, U.S. discounts hurt
South Korea's Hyundai Motor said its net profit fell by the most in five quarters, as the local currency's sharp gain and higher U.S. discounts to entice customers overshadowed solid April-June vehicle sales in China and at home. Hyundai Motor, the world's fifth-biggest automaker combined with affiliate Kia Motors, on Thursday reported a 2.24 trillion Korean won ($2.18 billion) net profit for the second quarter, down nearly 7 percent from a year earlier. The fall is the biggest since Hyundai ... more

JFK returns to old look in new collectors' coins

published less than 1 hour ago
JFK returns to old look in new collectors' coins
WEST POINT, N.Y. (AP) — President John F. Kennedy is getting his old look back on new collectors' coins.

UN human development report faults inequality

published less than 1 hour ago
UN human development report faults inequality
TOKYO (AP) — Improvements in life spans, education and incomes are slowing due to natural disasters, misguided government policies and worsening inequality in a world where the 85 richest people have as much wealth as the 3.5 billion poorest people, the United Nations said Thursday in its annual human development report.

San Jose Earthquakes Ease Past Chicago Fire 5-1

published less than 1 hour ago
San Jose Earthquakes Ease Past Chicago Fire 5-1
Yannick Djalo scored a goal and added three assists to lead the San Jose Earthquakes to a 5-1 win over the Chicago Fire on Wednesday night.

Bank settlements create windfall for U.S., and wrangling over how it is spent

published less than 1 hour ago
Bank settlements create windfall for U.S., and wrangling over how it is spent
By Karen Freifeld and Edward Krudy NEW YORK (Reuters) - U.S. authorities' $8.9 billion settlement last month with French bank BNP Paribas for sanctions busting will pay for New York cops to get live computer feeds of street crime and for new carpets in the offices of prosecutors, among many other things. In some places – particularly New York state – that is leading to ugly wrangling over how to spend it. One is whether there should be clearer standards ... more


EBay to Raise $3.5 Billion in Debt Offering

published about 2 hours ago
EBay is offering $3.5 billion in debt to help fund general operating activities as well as pay down outstanding short-term loans.

iPhone Boosts Asian Economies

published about 3 hours ago
iPhone Boosts Asian Economies
Preparations for the rollout of Apple's latest iPhones are rippling through Asian economies, boosting revenues at component makers and helping underpin electronics exports from some ... more

Meal-Delivery Startups Look for Winning Recipe

published about 3 hours ago
Meal-Delivery Startups Look for Winning Recipe
Meal-delivery startups such as Plated and Blue Apron, along with their investors are hoping to avoid the fate of dot.com era food industry failures.

Newcrest Warns on Write-Downs

published about 4 hours ago
Newcrest Mining 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 ... more

Petitions filed to force Truland Group affiliates into bankruptcy

published about 5 hours ago
A group of pension and trust funds for local electrical workers has filed petitions to force companies affiliated with Truland Group into bankruptcy amid reports ... more
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Like other tech firms, Twitter's workforce is mostly male

published about 5 hours ago
Like other tech firms, Twitter's workforce is mostly male
Following in the footsteps of tech giants such as Facebook and Google, Twitter released employee diversity data Wednesday revealing that the social media heavyweight mainly ... more

Facebook haters, look away now: The baby pic site's profit is up 138%

published about 6 hours ago
While a third of its addicts log in just from their phones Facebook shares have rocketed after the biz reported record-setting growth, revenue and margin ... more

Qualcomm's big trouble in little China: Are some chip slingers fibbing?

published about 7 hours ago
Patent licensee figure disputes, antitrust probe mar US biz's third quarter Mobile chipmaker Qualcomm reported solid results for the third quarter of its fiscal 2014 ... more

Six indicted in alleged hack of StubHub customers' credit cards

published about 9 hours ago
Six indicted in alleged hack of StubHub customers' credit cards
An international cyber-crime ring was able to take over StubHub user accounts to steal identifying information and use victims’ credit cards to purchase tickets to ... more

Microsoft: We're building ONE TRUE WINDOWS to rule us all

published about 11 hours ago
Enterprise, Windows still power firm's shaky money-maker +Analysis Microsoft has cracked open its annual and Q4 results, the first end of year results under brevity-challenged ... more

China manufacturing index jumps to 18-month high: HSBC

published about 2 hours ago
China manufacturing index jumps to 18-month high: HSBC
A key measure of Chinese manufacturing activity hit an 18-month high in July, HSBC said Thursday, in a further sign the world's second-largest economy is ... more

Japan trade deficit surges to record on weak exports

published about 2 hours ago
Japan trade deficit surges to record on weak exports
Japan's trade deficit ballooned to a record in the first half of the year as exports fell further in June, data showed Thursday, ramping up ... more

Facebook Answers Critics With Mobile-Ad Surge

published about 2 hours ago
Facebook reported that profit more than doubled and revenue topped estimates for the ninth straight quarter. About 62% of Facebook's ad revenue now comes from ... more

Investors Bank on Sugar Squeeze

published about 2 hours ago
Many investors are sticking to their bullish bets on sugar, anticipating that a sharp drop in Brazilian output will curb global supply growth.

New Zealand to take breather after another rate hike

published about 3 hours ago
New Zealand to take breather after another rate hike
New Zealand's central bank lifted interest rates for the fourth time this year on Thursday but signalled a pause in further tightening, sending the local ... more

DealBook: Offering Small Fees, Banks Cater to Low-Income Customers

published 1 day ago
DealBook: Offering Small Fees, Banks Cater to Low-Income Customers
The products provide a different kind of payout: good will from regulators and a chance to woo customers who might one day become profitable.

Courts Issue Conflicting Rulings on Health Care Law

published 1 day ago
Courts Issue Conflicting Rulings on Health Care Law
One federal appeals court panel ruled that the government could not subsidize coverage bought by people on the federal insurance exchange. The other said the ... more

Sketch Guy: An Eye to the Past Can Help Guide the Future

published 2 days ago
Sketch Guy: An Eye to the Past Can Help Guide the Future
A survey finds financial health is higher among those who dwell on the past, compared with those who live in the moment or even plan ... more

DealBook: In a Subprime Bubble for Used Cars, Unfit Borrowers Pay Sky-High Rates

published Sat, Jul 19 2014 12:49 GMT
DealBook: In a Subprime Bubble for Used Cars, Unfit Borrowers Pay Sky-High Rates
Millions of Americans are receiving auto loans they cannot possibly afford, in a lending climate marked by some of the same lack of caution seen ... more

Strategies: Who Routinely Trounces the Stock Market? Try 2 Out of 2,862 Funds

published Sat, Jul 19 2014 08:35 GMT
Strategies: Who Routinely Trounces the Stock Market? Try 2 Out of 2,862 Funds
In a recent five-year study of mutual funds, consistently strong performance was found to be remarkably rare.