Embattled Twitter CEO Dick Costolo will step down next year, SunTrust's Bob Peck said.» Read More
July 10- Shopping center owner and operator Regency Centers Corp offered to buy AmREIT Inc for about $433 million to expand in Texas and Georgia. AmREIT's shares jumped as much as 14.6 percent to the offer price of $22 before giving up some of the gains, while Regency's stock rose marginally.
The Australian Bureau of Meteorology this week said Pacific Ocean surface temperatures are at levels associated with a weak El Nino, but the threshold for the weather event has not yet been breached. El Nino could bring dry weather to Australia, which is already struggling with a drought, and it could also curb its wheat, sugar and cotton production.
July 10- Sports shoe maker Skechers USA Inc said it filed a lawsuit against Fila U.S.A. Inc, claiming Fila Amazen Memory Moc shoes infringed patents related to Skechers Go Walk shoes.
July 9- Chinese hackers broke into the computer networks of the U.S. government agency that keeps the personal information of all federal employees in March, the New York Times reported, citing senior U.S. officials. Asked about the report during annual high-level talks between the U.S. and China on Thursday, U.S.
July 10- Discount retailer Family Dollar Stores Inc, under pressure from activist investor Carl Icahn to sell itself, said its profit fell by a third as the company cleared inventory ahead of store closures and competition intensified.
Family Dollar's earnings fell by a third as the company resorted to discounts to clear inventory and competition intensified.
July 10- Discount retailer Family Dollar Stores Inc's quarterly profit fell by a third as the company resorted to discounts to clear inventory and competition intensified.
NEW DELHI, July 10- Indian Prime Minister Narendra Modi's new government on Thursday unveiled a first budget of structural reforms aimed at reviving growth, winning praise from investors despite a lack of clarity over how he would cap the big fiscal deficit.
Guy Stear, head of Asia research at Societe Generale, says the Indian stock market is "priced for nothing going wrong at all" and it could be time to take profits.
Simon Baptist, chief economist and regional director for Asia at the Economist Intelligence Unit, says the reforms announced under the Indian budget will not be "smooth sailing" to implement.
Saurabh Mukherjea, CEO, Institutional Equities, Ambit Capital, says the previous annual deficit target is "ludicrous" and expects the new government to change it to 4.3 to 4.5 percent.
Jigar Shah, Senior Vice President and Head of Research at Kim Eng Securities India, outlines the deep-rooted issues that may slowdown the implementation of reforms in India.
July 9- Chinese hackers broke into the computer networks of the United States government agency that keeps the personal information of all federal employees in March, the New York Times reported, citing senior U.S. officials. Tensions are high between China and the United States.
July 9- Struggling apparel and accessories retailer American Apparel Inc said on Wednesday it has reached a deal with hedge fund Standard General LP and founder Dov Charney to remake its board and bolster its finances.
July 9- Sandwich chain Potbelly Corp estimated second-quarter revenue and profit below analysts expectations, hurt by lower-than-expected comparable store sales and higher expenses, mostly for advertisements. The company estimated adjusted attributable net income of 6 cents per share on revenue of $83.6 million for the quarter.
July 9- Struggling apparel and accessories retailer American Apparel Inc said it has reached a deal with hedge fund Standard General LP and founder Dov Charney to remake its board and bolster finances.
NEW DELHI, July 10- India's Prime Minister Narendra Modi faces the first major test of his reform credentials on Thursday, when his fresh-faced government presents its maiden budget amid early doubts about his willingness to make unpopular decisions.
CHICAGO, July 9- Foster Farms and its London insurers are facing off over the definition of "product recall" as the poultry producer seeks payment of $14.2 million in claims arising from a government-mandated shutdown of one of its plants, court documents show.
July 9- Netflix Inc has acquired the exclusive U.S. video-on-demand rights for CBS Corp's drama "Zoo", set to release next summer. The full season will be available to Netflix members in the Unites States immediately after its broadcast on CBS Television Network, the companies said in a joint statement on Wednesday.
July 9- Container Store Group Inc's shares fell as much as 15 percent after the maker of Elfa shelving systems reported a bigger-than-expected quarterly loss and cut its full-year forecast, hit by weak consumer spending and its decision not to offer more discounts.