PNC Financial Services Group is staying cautious warning of a “perfect storm” that could surface by 2016, beside the recent positive data from China. Stuart Hoffman, chief economist at ... Read More
Amazon has reported a loss of $126m (£74m) in the second quarter and warned that sales could slow in the current quarter. Amazon forecast third quarter sales of between ... Read More
Britain’s economy is set to pass a landmark on Friday when official data will probably show that it is bigger than it was before the financial crisis struck six ... Read More
Wal-Mart said Thursday that Greg Foran will replace Bill Simon as its U.S. CEO. Simon has been in the role since June 2010 and will leave the company. Wal-mart’s ... Read More
American Airlines Group Inc (AAL.O) said on Thursday it will pay its first dividend since 1980 and buy back stock as it reported higher second-quarter earnings. American, the largest ... Read More
The unemployment rate in Spain has fallen below 25% for the first time in two years, thanks to the beginning of a revival in the economy. An extra 402,000 ... Read More
As McDonald’s Corporation (NYSE:MCD) continued to see its sales suffer in main markets such as the U.S., Germany, Japan and Australia, market analysts downgraded the fast-food giant’s stock on ... Read More
The eurozone economy continues its slow recovery, but worries about the Ukraine crisis have begun to cloud the outlook, according to the results of a private-sector survey released on ... Read More
AT&T Inc’s quarterly revenue rose a weaker than expected 1.6 percent as cheaper service plans offered to customers who forgo subsidized cellular phones cut into margins. Faced with mounting ... Read More
Seven people linked to an international cybercrime ring were arrested for defrauding online-ticketing company StubHub of about $1.6 million. The operation, which involved police forces from several countries, was ... Read More
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