Amazon's 2Q Profits Plummet 96%, Trail Expectations
Amazon.com suffered a deeper-than-expected 96% plunge in second-quarter earnings amid acquisition charges and disappointing sales growth.
Glu Mobile Reports Strong 2Q Revenue; Raises Full Year View
Game-maker Glu Mobile Inc. (GLUU) said its second-quarter revenue topped its prior guidance and it raised its full-year revenue guidance as the company looked to quell investor fears a day after casual game-maker Zynga Inc.'s (ZNGA) disappointing quarterly report weighed on the stock.
CME Group Executives Launch Defense of Libor
The head of CME Group Inc. (CME) on Thursday pledged confidence in the future of the London interbank offered rate as a benchmark for its largest interest-rate contract, despite the unfolding scandal over the rate's rigging by a group of banks.
Facebook 2Q Earnings In-Line With Views, Shares Pulling Back
Reporting earnings for the first time as a publicly traded company, Facebook posted second-quarter earnings that matched Wall Street’s views.
WSJ: Ford Plans Aluminum Pickup Truck to Boost -2-
ALLEN PARK, Mich.--In this suburb just west of Detroit, Ford Motor Co. (F) is working on one of the biggest gambles in its 108-year history: a pickup truck with a largely aluminum body.
Judges Uphold Dismissal of Pennsylvania Risperdal Suit Against Johnson & Johnson
A Pennsylvania appeals court handed a legal victory to Johnson & Johnson (JNJ) by upholding the dismissal of the state's lawsuit accusing the drug maker of improperly marketing the antipsychotic drug Risperdal.
U.S. GAS: Futures Rise as Inventory Data Meets Expectations
Natural gas ended higher Thursday after wavering between gains and losses, as traders assessed U.S. government data showing a below-average injection into storage last week.
Flaring Reported at Valero's Benicia, Calif., Refinery
Flaring was evident Thursday morning at Valero's 145,000 barrel-a-day refinery in Benicia, Calif., according to the California Emergency Management Agency.
Bakken Crude Reaching Lousiana Refiners by Barge
Barge operator Kirby Corp. (KEX) said Thursday that it is shipping crude from the Bakken Shale to refiners in Louisiana through the Mississippi River.
Twitter Restored After Blackout
Twitter users who found themselves in a communications blackout for a few hours Thursday have had the popular micro-blogging service restored.