Shipping giant UPS might "heart" logistics, but after the company's second quarter earnings report, it might not be so fond of certain union contract logistics: UPS saw its profit sink 58% thanks to the payment of retirement liabilities to Teamster Union employees.
(Reuters) - Apple Inc said it updated its MacBook Pro line of laptops with a high-resolution Retina display, faster processors and higher memory for a starting price of $1,299.
BlackBerry Ltd is buying a privately held German firm that specializes in voice and data encryption, it said on Tuesday, in a bid to burnish its credentials with highly security-conscious clients like government agencies.
UPS's second-quarter profit missed analysts' expectations, and the company lowered its earnings outlook for the year as it cited higher costs related to preparing for its peak shipping season.
U.S. home prices rose in May from a year earlier at the weakest pace in 15 months, as home sales remain modest.
As crass as it may sound, the companies responsible for discovering and developing the next medical breakthroughs have to do so in a way that generates significant profits. If they don’t do that, investors will turn to other places to invest their money , and the companies will shrivel up and either be sold to another company or die. So the answer to the Sorkin/George question is “both”. A pharma company’s business is making drugs – and, in doing so it had better make profits.
TOKYO (AP) - McDonald's in Japan is increasing its checks on chicken from vendors in China and Thailand after allegations a Chinese supplier sold expired chicken. It says the scare will hurt its earnings.
Case-Shiller: Home prices rise 1.1% in May, below the 1.5% expectation; from 2013, prices climbed 9.3%, missing 10% anticipated jump
U.S. Equity Futures Point to Higher Open After Earnings, Housing & Consumer Data
We’re about to enter prime shopping time for classic car collectors. In a few weeks, in and around California’s Monterey Peninsula, a series of collector car auctions will take place where record vehicle values are all but guaranteed. Among the headliners to cross the blocks is one of only 39 Ferrari 250 GTOs, a model that could easily sell for $30-plus million. Another auction will feature one of four Ford GT40 roadsters, a 1960s racer likely be the most expensive American car ever sold at auction (predictions are ranging from between $10 and $25 million).
Greece's government says its next meetings with international debt inspectors will take place in Paris instead of Athens — a move it says signals the country is no longer under "intense pressure" to make austerity measures.
U.S. house prices rose 1.1% in May, according to the Case-Shiller 20-city composite index released Tuesday, with every city showing gains.