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— U.S. stock futures are edging up ahead of the opening bell as investors size up earnings reports from Apple, Boeing and other big companies. Apple rose 16 cents, or 0.2 percent, to $94.88 in premarket trading. BIG AIR: Early Wednesday, Boeing reported a 52 percent jump in quarterly profits beating Wall Street's estimates.
NEW YORK, July 23- Lauren Greutman felt sick. She and her husband Mark were about $40,000 in debt, and were having trouble paying their monthly bills. As recent homebuyers, the couple from Syracuse, New York, were already underwater on the mortgage and getting by on one income as Lauren focused on being a stay-at-home mom.
July 23- PepsiCo Inc reported a higher-than-expected quarterly profit and raised its full-year adjusted earnings forecast, helped by strong sales of snacks such as Lays and Doritos chips in North America. PepsiCo raised its full-year earnings per share growth forecast to 8 percent from 7 percent.
PURCHASE, N.Y.— PepsiCo Inc. raised its forecast slightly for the year on Wednesday as it continued to slash costs while selling more of its snacks and drinks. While the gains were relatively modest, PepsiCo has been boosting its financial results with a cost-cutting plan expected to generate $1 billion in savings this year.
July 23- PepsiCo Inc reported a 2 percent fall in second-quarter profit as carbonated soft drink volumes declined 2 percent in North America. The company's net income fell to $1.98 billion, or $1.29 per share, in the 12 weeks ended June 14 from $2.01 billion, or $1.28 per share, a year earlier. Excluding items, PepsiCo earned $1.32 per share.
The report by Democratic staffers of the Senate Small Business& Entrepreneurship Committee found that while businesses owned by women account for 30 percent of small companies, they receive only 4.4 percent of the total dollars in conventional small-business loans.
*Rioforte owes Banco Espirito Santo 220 million euros. The announcement from Rioforte came less than an hour after Banco Espirito Santo, which the family founded, said that two heavyweight U.S. investors had taken a combined stake of almost 5 percent in BES.
July 23- Momentum is building toward a deal that would make painful losses inevitable for investors holding about $20 billion in bonds issued by Puerto Rico's highway, water and electricity authorities even as some big U.S. mutual funds launch a legal battle to squelch a new law that authorizes a restructuring.
Manhattan District Attorney Cyrus R. Vance Jr. was expected to hold a news conference Wednesday with London and Royal Canadian Mounted Police officials.
NEW YORK— What I find fascinating about Amazon's Fire phone isn't the gizmos such as the 3- D imagery or the camera scanner that helps you get more information about products. Rather, I like that Amazon is thinking a lot about how phones ought to work. The Fire phone uses Android, but Amazon has modified it to the point that it's barely recognizable.
PROVIDENCE, R.I.— The parent company of Gatehouse Media LLC on Tuesday announced an agreement to buy The Providence Journal and related print and digital assets from A.H. Belo Corp. for $46 million cash.
CALGARY, Alberta, July 22- Canada's largest pipeline company Enbridge Inc may build a 140,000 barrel per day unit train unloading terminal in Pontiac, Illinois, to relieve congestion on its crude oil export network.
ARGENTINE PRESIDENCY ISSUES STATEMENT WITH NO REFERENCE TO WEDNESDAY DEBT TALKS IN NEW YORK.
BUENOS AIRES, July 22- Argentina's President Cristina Fernandez was meeting her economy minister on Tuesday to decide whether to send a team to debt negotiations in New York on Wednesday, a government source said. "At the moment, the economic team is meeting with the president... to evaluate all options," the source said on condition of anonymity.
Delta Air rose$. 53 or 1.4 percent, to $37.68. JetBlue Airways Corp. rose$. 07 or. 7 percent, to $10.78. Southwest Airlines Co. rose$. 39 or 1.4 percent, to $28.05.
American Electric Power Co. rose$. 01 or percent, to $54.05. Consolidated Edison Inc. Holding Co. rose$. 18 or. 3 percent, to $57.37. Dominion Resources Inc. fell$. 08 or. 1 percent, to $69.94.
Cigna Corp. rose$. 86 or. 9 percent, to $96.39. Humana Inc. rose$. 54 or. 4 percent, to $133.56. UnitedHealth Group rose$. 99 or 1.2 percent, to $86.05.
Baxter International Inc. rose$. 76 or 1.0 percent, to $76.87. Bristol-Myers Squibb Co. rose$. 20 or. 4 percent, to $49.12. Hospira rose$. 31 or. 6 percent, to $50.78.
Costco Wholesale Corp. rose$. 51 or. 4 percent, to $117.55. Target rose$. 08 or. 1 percent, to $59.38. Wal-Mart Stores Inc. fell$. 13 or. 2 percent, to $76.64.
NEW YORK— A look at the 10 biggest volume decliners on New York Stock Exchange at the close of trading:. BRT Realty Trust: Approximately 400 shares changed hands, a 93.4 decrease from its 65- day average volume. The shares rose$. 01 or. 1 percent to $7.21.