Posts Tagged Corporate news

Contrarian’s case: Why US could dip into recession

In this July 9, 2014 photo, economist David Levy poses for picture in his office in Mt. Kisco, N.Y. Levy, who oversees the Levy Forecast, a newsletter analyzing the economy that his family started in 1949, says the United States is likely to fall into a recession next year triggered by downturns in other countries, the first time in modern history. (AP Photo/Seth Wenig)

NEW YORK (AP) — Just as the U.S. economy is strengthening, other countries are threatening to drag it down.

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US stock futures climb as earnings reports roll in

This March 4, 2013 file photo shows a sign for Wall Street on the side of building near the New York Stock Exchange, in New York. U.S. stock futures pointed higher early Tuesday, July 22, 2014, as more corporate earnings rolled in. Shares in the restaurant chain Chipotle and the cable company Comcast surged after they reported results that were better than Wall Street expected. (AP Photo/Mark Lennihan, File)

NEW YORK (AP) — Solid earnings for a range of big companies helped nudge the stock market higher on Tuesday.

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Detroit retirees back pension cuts by a landslide

In a Thursday, July 3, 2014 file photo, Detroit retirees Mike Shane, left, and William Davis protest near the federal courthouse in Detroit. Workers and retirees approved pension cuts in Detroit's bankruptcy by a landslide, the city reported Monday, a crucial step to emerging from the largest municipal insolvency in U.S. history. The city disclosed results from two months of balloting, which ended July 11. Judge Steven Rhodes still must hold a trial in August to determine if Detroit's overall bankruptcy plan is fair and feasible to all creditors, from Wall Street to Main Street, but support from retirees is vital. (AP Photo/Paul Sancya, File)

DETROIT (AP) — Companies that insure Detroit bonds and stand to lose millions repeated a pledge Tuesday to aggressively challenge the city’s bankruptcy plan, a day after retirees endorsed pension cuts and qualified for a bailout led by the state.

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Clarification: GM-Recalls-Rental Cars story

WASHINGTON (AP) — In a story July 16, The Associated Press reported that General Motors became the first big automaker to support legislation barring rental-car companies from renting or selling vehicles subject to a recall. The story should have specified that current law bans car dealerships only from selling new cars under recall, not used recalled cars.

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Netflix tops 50M subscribers as 2Q earnings soar

This image released by Netflix shows Taylor Schilling, left, and Uzo Aduba in a scene from "Orange Is the New Black." Netflix reports quarterly earnings on Monday, July 21, 2014. (AP Photo/Netflix, Paul Schiraldi, File)

SAN FRANCISCO (AP) — Netflix’s second-quarter earnings more than doubled as new episodes from a hit series helped the Internet video service surpass 50 million worldwide subscribers for the first time.

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