LVMH Profit Drops, Hurt by Exchange Rates

Wall Street Journal - Thu, 07/24/2014 - 12:38pm
Luxury goods giant LVMH Moët Hennessy Louis Vuitton said its first-half profit dropped 4% despite a small sales increase, showing the sector's vulnerability to fluctuations in exchange rates.
Categories: Business

JetBlue CEO Plans to Stay in Role

Wall Street Journal - Thu, 07/24/2014 - 11:16am
JetBlue Chief Executive Dave Barger said Thursday his future role at the company will be "the same as it is today."
Categories: Business

U.S. Seeks New Rules for Rail-Shipped Fuel

Wall Street Journal - Thu, 07/24/2014 - 11:08am
The U.S. government wants to phase out thousands of railroad tank cars that carry crude oil and ethanol within two years, as part of proposed rules to upgrade safety for trains carrying flammable fuels.
Categories: Business

McDonald's Sticks With Chinese Meat Supplier

Wall Street Journal - Thu, 07/24/2014 - 11:07am
McDonald's said it will continue to use a longtime meat provider in China, except for the Shanghai facility accused of selling expired chicken and beef. The decision underscores the difficulty in finding safe food suppliers in China.
Categories: Business

Dunkin' Brands Sales Fall Short

Wall Street Journal - Thu, 07/24/2014 - 11:04am
Dunkin' Brands said second-quarter sales weren't as robust as expected, as bad weather and other consumer challenges weighed on the top line.
Categories: Business

BSkyB Readies for Earnings With Deal Prospects in the Air

Wall Street Journal - Thu, 07/24/2014 - 11:00am
The pay-television giant British Sky Broadcasting Group faces various headwinds as it prepares to report results, but it still hopes to counter them with a deal to buy all of Sky Deutschland and Sky Italia.
Categories: Business

BP Director to Step Down

Wall Street Journal - Thu, 07/24/2014 - 10:51am
The oil major said that Iain Conn will step down by the end of the year, as U.K. utility Centrica confirms it is in talks with Mr. Conn who may succeed Sam Laidlaw as CEO.
Categories: Business

Vivendi's SFR Unit Hit By Network Outage

Wall Street Journal - Thu, 07/24/2014 - 10:48am
French phone operator SFR was hit by a countrywide network outage for several hours affecting around 4 million customers.
Categories: Business

Airline Fatalities Worst Since 2010

Wall Street Journal - Thu, 07/24/2014 - 10:46am
Commercial aviation is in the middle of its deadliest year since 2010, with the recent spate of air disasters making an abrupt break from three straight years of decline in airplane fatalities.
Categories: Business

Facebook Answers With Mobile Surge

Wall Street Journal - Thu, 07/24/2014 - 10:21am
Facebook's profit more than doubled and revenue beat estimates amid strong growth in mobile advertising.
Categories: Business

Mars Raises U.S. Chocolate Prices

Wall Street Journal - Thu, 07/24/2014 - 9:43am
A unit of Mars Inc. has raised prices for U.S. chocolate products by about 7% to offset rising costs, the M&Ms and Snickers maker said.
Categories: Business

Lilly Profit Sinks on Patent Expirations

Wall Street Journal - Thu, 07/24/2014 - 9:10am
Eli Lilly said its second-quarter profit slid 39% as patent expirations for some of its bigger-selling drugs dragged down revenue and volume.
Categories: Business

Nokia Boosted by Sale of Handset Unit

Wall Street Journal - Thu, 07/24/2014 - 8:53am
Finland's mobile-network maker Nokia said its expectations for 2014 have improved, as its financial performance in the latest quarter was helped by the sale of its handset business to Microsoft.
Categories: Business

EU Officials Mull Broader Russia Sanctions

Wall Street Journal - Thu, 07/24/2014 - 8:52am
The European Union is considering sharp restrictions on Russian access to European financial markets and exports of militarily sensitive goods to Russia, as part of the bloc's broadened sanctions.
Categories: Business

Hermès Bets on Unknown Designer

Wall Street Journal - Thu, 07/24/2014 - 8:50am
French luxury-goods house Hermès International named Nadège Vanhee-Cybulski as its new women's fashion designer, betting on an unknown name who will be dedicated to the house full-time.
Categories: Business

Volatile Mix: Social Media and Coupons

Wall Street Journal - Thu, 07/24/2014 - 8:47am
Retailers including Wal-Mart, Target and others are taking steps to limit price-matching as social-media websites turn discounting into a viral frenzy.
Categories: Business

Roche Hurt by Currencies

Wall Street Journal - Thu, 07/24/2014 - 8:29am
Roche Holding's first-half net profit slid 7% under pressure from exchange rates but strong sales of its cancer therapies prompted the Swiss drug giant to confirm its outlook for the full year.
Categories: Business

American Airlines Profit Climbs

Wall Street Journal - Thu, 07/24/2014 - 8:26am
American Airlines Group said it posted the highest quarterly profit in the company's history on increased revenue, and unveiled a capital deployment plan.
Categories: Business

Meal-Delivery Startups Look for Winning Recipe

Wall Street Journal - Thu, 07/24/2014 - 8:08am
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.
Categories: Business

Boston Scientific Profit Slips

Wall Street Journal - Thu, 07/24/2014 - 8:01am
Boston Scientific Corp. said second-quarter earnings fell as higher costs, including a $267 million litigation-related expense, masked an increase in revenue.
Categories: Business
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