South Korea’s Second Quarter Growth Beats Estimates
South Korea’s economic growth slowed less than expected in the second quarter as capital spending jumped and consumption grew, data showed on Monday, reinforcing expectations for an additional interest rate increase soon. Click here to read the full story
Read more..Baidu Beats Wall Street Profit, Revenue Targets
Chinese Internet company Baidu more than doubled its second-quarter profit, beating Wall Street expectations, as a surge in new advertisers helped boost the company’s revenue. Click here to read the full story
Read more..Movers roundup: Boston Scientific, Cytec (AP)
Among the stock activity stories for Wednesday, July 21, from AP Financial News: — Shares of Boston Scientific Inc. fell on continued concerns over the company s heart care unit, even after the medical device maker reported better-than-expected second-quarter income. Click here to read the full story
Read more..Philips Q2 profits up on strong sales
By MIKE CORDER 2010-07-19T07:15:02Z THE HAGUE, Netherlands (AP) — Royal Philips Electronics NV, the world’s largest maker of lights, said Monday its second quarter profit rose sharply, thanks to strong sales at its lighting and consumer electronics divisions, particularly in emerging markets…. Click here to [...]
Read more..Economists say recovery continues, but pace slows
By MARLEY SEAMAN 2010-07-19T06:10:13Z NEW YORK (AP) — Economists say the U.S. recovery continued during the second quarter of this year with more businesses hiring workers and fewer cutting jobs, but the pace of growth has slowed, a new survey shows…. Click here to read [...]
Read more..S&P cuts credit rating on homebuilder KB Home (AP)
Standard & Poor s on Friday lowered its corporate credit rating for KB Home, citing the homebuilder s sharp drop in orders in its second quarter. S&P said it expects KB Home will be hard-pressed to turn a profit well into next year. Click here to read the full story
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