Business News


  • ISTANBUL, July 22- A Turkish Airlines plane flying from Istanbul to Tel Aviv turned back on Tuesday as the company halted flights there for 24 hours due to security reasons, company spokesman Ali Genc told Reuters.

  • Target debuts an image-recognition shopping app Tuesday, 22 Jul 2014 | 3:45 PM ET

    NEW YORK— Target is introducing an app that lets users purchase items after scanning magazine ads with their smartphones. It's the latest offering from retailers looking to boost sales with the use of improving image-recognition technology.

  • Spotify's Top 10 most streamed tracks Tuesday, 22 Jul 2014 | 3:44 PM ET

    3. Sam Smith, "Stay With Me". 10. Ariana Grande, "Break Free". 7. Sam Smith, "Stay With Me".

  • Corn extends slump; grain price at four-year low Tuesday, 22 Jul 2014 | 3:44 PM ET

    Corn for delivery in September dropped 3.75 cents, or 1 percent, to $3.68 a bushel on Tuesday. Wheat and soybeans also fell. Silver was flat and copper made a small gain.

  • Spotify's Top 10 most viral tracks Tuesday, 22 Jul 2014 | 3:36 PM ET

    1. "Weird Al" Yankovic, "NOW That's What I Call Polka!" 2. "Weird Al" Yankovic, "Handy". 3. "Weird Al" Yankovic, "Word Crimes".

  • Oops! EPA goes off topic, tweets about Kardashian Tuesday, 22 Jul 2014 | 3:31 PM ET

    WASHINGTON— The Environmental Protection Agency's fight to clean up water pollution is getting a splash of pop culture, thanks to a flub involving reality TV star Kim Kardashian.

  • FOREX-Dollar rises as U.S. bond yields hold firm Tuesday, 22 Jul 2014 | 3:30 PM ET

    NEW YORK, July 22- The dollar rose on Tuesday as U.S. bond yields stood firm on the view that the world's biggest economy is expanding enough for the Federal Reserve to raise interest rates next year despite data showing a mild rise in domestic prices in June.

  • Kimberly-Clark 2Q profit drops 3.2 percent Tuesday, 22 Jul 2014 | 3:25 PM ET

    IRVING, Texas— Kimberly-Clark Corp. on Tuesday reported earnings that decreased by 3.2 percent in its second quarter. The Irving, Texas- based company said profit fell to $509 million, or $1.35 per share, from $526 million, or $1.36 per share, in the same quarter a year ago.

  • NEW YORK, July 22- Global equity markets and the dollar rode a rebound in risk appetite on Tuesday that lifted the S&P 500 to a record high on signs of cooperation from Ukraine's pro-Russian separatists over last week's downing of a Malaysian jetliner.

  • NEW YORK, July 22- A U.S. judge ordered Argentina and investors who did not participate in the country's past debt restructurings to meet "continuously" with a court-appointed mediator until a settlement is reached, warning of the threat of a new default.

  • Protect yourself from identity theft Tuesday, 22 Jul 2014 | 3:20 PM ET

    NEW YORK— It's an almost weekly occurrence: On Tuesday, Goodwill said its computer systems may have been hacked, leading to the possible theft of customers' credit and debit card information. In the last year, major companies like Target, LinkedIn, eBay and Neiman Marcus have also been hacked.

  • Illinois governor signs bill for $1.1 billion of bonds Tuesday, 22 Jul 2014 | 3:14 PM ET

    CHICAGO, July 22- Illinois Governor Pat Quinn on Tuesday signed legislation to fund state-wide transportation projects with $1.1 billion of bonds. However, according to Abdon Pallasch, the state's assistant budget director, no bond sales are currently planned for the rest of 2014..

  • NEW YORK, July 22- A New York state judge has thrown out a lawsuit in which longtime investors in the Empire State Building claimed they were shortchanged out of hundreds of millions of dollars by the real estate magnates who took the iconic skyscraper public last October.

  • July 22- U.S. motorcycle maker Harley Davidson Inc came late to the offshoring game. For Harley-Davidson, they turned a happy debut into a near-debacle, as its second-quarter earnings released on Tuesday showed.

  • July 22- Rising tensions between Russia and the West are doing what central bankers can't or won't: scare investors. The U.S. blames the destruction of a Malaysian Airlines jet on pro-Russian fighters armed by Russia, and EU and U.S. officials are threatening stronger sanctions on Russia, contributing to a spike in volatility and a fall in most risky assets.

  • Ford says new F-150 can compete with rivals Tuesday, 22 Jul 2014 | 3:00 PM ET

    DEARBORN, Mich.— Ford says its aluminum-sided F-150 pickup will hold its own against rivals despite its lighter weight. The company revealed details of the new truck Tuesday. The 2015 F-150 4 x4 goes on sale this fall and is 732 pounds lighter than the outgoing model.

  • Lockheed 2Q profit rises 3.5 percent Tuesday, 22 Jul 2014 | 2:59 PM ET

    BETHESDA, Md.— Lockheed Martin Corp. on Tuesday reported earnings that increased by 3.5 percent in its second quarter, and topped analysts' expectations. The Bethesda, Maryland- based company said profit increased to $889 million, or $2.76 per share, from $859 million, or $2.64 per share, in the same quarter a year ago.

  • Dan Borislow, magicJack inventor, dies at 52 Tuesday, 22 Jul 2014 | 2:56 PM ET

    WEST PALM BEACH, Fla.— The man who invented the popular magicJack device has died in Florida. MagicJack Vocaltec Ltd. says in a statement that Dan Borislow died Monday. MagicJack pioneered phone calls over the Internet, advertised as a means of "eliminating your monthly phone bill forever."

  • July 22- Detroit will head into the critical phase of its historic bankruptcy case next month with the backing of an overwhelming majority of its active and retired workers and with opposition from a small, hard-core group of hold-out creditors.

  • WASHINGTON, July 22- The United States will on Tuesday release intelligence backing its assertion that the Malaysian airliner that crashed in Ukraine was brought down by a missile fired from the separatist-controlled area, the State Department said.