Farm-to-table meals have become so popular that hotels are now getting in the game by offering prepared meals using food hooked or shot by guests.» Read More
NEW YORK— Moody's Corp. on Friday reported net income that increased by 42 percent in its second quarter, and topped analysts' expectations. The New York- based company said profit rose to $319.2 million, or $1.48 per share, from $225.5 million, or $1 per share, in the same quarter a year earlier.
NEW YORK— Analysts are taking a look at Amazon's investment strategy as the online retailer's stock falls in premarket trading Friday following lackluster second-quarter results. Late Thursday, Amazon.com Inc. reported a bigger-than-anticipated loss for the quarter, while its revenue topped analysts' estimates.
The search for high yields and duration gained traction following the Brazilian government's $3.5 billion bond offering on Wednesday, with investors growing confident that interest rates in the United States will stand pat for a few more months, said Max Volkov, Bank of America Merrill Lynch's head of Latin America debt capital markets.
CHICAGO— Fast food workers say they're prepared to escalate their campaign for higher wages and union representation, starting with a national convention in suburban Chicago where more than 1,000 workers are expected to discuss the future of the effort that has spread to dozens of cities in less than two years.
July 25- U.S. companies are reporting sluggish financial results in Latin America, showing the risks they face in relying on Brazil and other emerging markets in the region for growth. Several companies reported tepid performance in Brazil, the biggest economy in Latin America, where some economists fear the country is on the verge of a recession.
WILMINGTON, Del., July 24- Nortel Networks Inc, the U.S. unit of defunct Canadian telecom company Nortel Networks Corp, has agreed to pay up to about $1 billion in interest that has accrued on the $3.9 billion it owes to its U.S. bondholders, a court filing showed.
NEW YORK, July 24- Less than a week before Argentina could default on its sovereign bonds, the government and holdout creditors have yet to meet face-to-face despite an urgent plea from the U.S. court-appointed mediator on Thursday that they start direct talks.
July 24- A Chicago federal judge has refused to overturn the conviction of Eric Bloom, the former chief executive of money management firm Sentinel Management Group Inc, for defrauding customers out of more than $500 million. District Judge Ronald Guzmán said the jury "clearly" had enough evidence to find that Bloom intended to cheat customers.
NEW YORK, July 24- A U.S. judge on Thursday expressed concern over a proposed $450 million settlement of claims Apple Inc conspired with five publishers to fix e-book prices, saying its provisions could drastically reduce money paid to consumers depending on appeals.
July 24- Pandora Media Inc forecast current quarter adjusted profit below analysts' estimates as it plans to plow money back into the business. Pandora forecast adjusted profit of 5- 8 cents per share on revenue of $235- $240 million for the third quarter ending September.
Comcast Corp. rose$. 42 or. 8 percent, to $55.13. Walt Disney Co. rose$. 76 or. 9 percent, to $86.80. Gannett rose$. 31 or. 9 percent, to $33.47.
ConAgra Foods Inc. rose$. 19 or. 6 percent, to $31.02. General Mills Inc. rose$. 05 or. 1 percent, to $52.95. Hormel Foods Corp. fell$. 13 or. 3 percent, to $47.71.
BP PLC rose$. 20 or. 4 percent, to $51.39. ConocoPhillips fell$. 51 or. 6 percent, to $86.25. Exxon Mobil Corp. rose$. 03 or percent, to $104.28.
Apple Inc s fell$. 16 or. 2 percent, to $97.03. Hewlett Packard Co. rose$. 06 or. 2 percent, to $35.04. International Business Machines Corp. rose $1.61 or. 8 percent, to $195.24.
Kelly Services Inc. class A fell$. 14 or. 8 percent, to $16.69. Korn/Ferry International Inc. fell$. 18 or. 6 percent, to $30.13. ManpowerGroup fell$. 11 or. 1 percent, to $82.10.
NEW YORK— A look at the 10 biggest volume gainers on New York Stock Exchange at the close of trading:. Cabela's Inc.: Approximately 4,776,800 shares changed hands, a 509.1 percent increase over its 65- day average volume. The shares rose $1.23 or 2.2 percent to $57.85.
eBay rose$. 57 or 1.1 percent, to $53.23. Groupon Inc. fell$. 10 or 1.6 percent, to $6.15. LinkedIn Corp. rose $6.27 or 3.7 percent, to $178.05.
Kroger rose$. 83 or 1.7 percent, to $51.00. Safeway rose$. 13 or. 4 percent, to $34.96. Supervalu rose$. 24 or 2.7 percent, to $9.12.
DR Horton fell $2.86 or 11.5 percent, to $21.94. Hovnanian Enterprises Inc. fell$. 17 or 3.7 percent, to $4.46. Lennar Corp. fell $1.24 or 3.1 percent, to $39.27.
Amgen Inc. rose$. 25 or. 2 percent, to $122.26. Biogen Idec fell$. 81 or. 2 percent, to $336.79. Celgene Corp. fell $2.93 or 3.3 percent, to $86.19.