U.S. stocks finished lower on Friday weighed by Amazon's weak earnings and Visa's lowered outlook, in addition to ongoing geopolitical concerns.» Read More
SHANGHAI, July 25- Regulators in Shanghai have found that scandal-hit China- based food supplier forged production dates on some of its products and sold them after their expiry, the official Xinhua news agency reported on Saturday.
HONG KONG— As skyscrapers around Hong Kong harbor erupted into a reverie of laser beams and giant digital displays during their synchronized nightly light show, one innocuous 28- story building near the water's edge had stayed dark for months, clad in bamboo scaffolding for a face-lift.
*Visa, Amazon decline as earnings disappoint. NEW YORK, July 25- U.S. stocks closed lower on Friday in a broad consumer discretionary-led selloff after Visa and Amazon, a pair of closely watched bellwether names, reported disappointing results.
*Visa and Amazon latest major names to disappoint. NEW YORK, July 25- U.S. stocks fell on Friday in a broad consumer discretionary-led selloff after Visa and Amazon, a pair of closely watched bellwether names, reported disappointing results.
*Baidu jumps as net profit soars. NEW YORK, July 25- Disappointing earnings from Amazon and Visa dragged U.S. stocks lower on Friday in a broad selloff led by consumer discretionary shares.
NEW YORK— Investors got some bad news about the American shopper on Friday, driving down stocks and sending the Dow Jones industrial average to a loss for the week. "Visa put a lot of caution into the market this morning," said Quincy Krosby, a market strategist at Prudential Financial.
Starbucks beat the Street on earnings but the stock is down. CNBC's Jim Cramer explains why the stock is getting killed and why the quarter was perfection.
*Baidu jumps as net profit soars. NEW YORK, July 25- U.S. stocks were set to dip at the open on Friday, weighed by weak results including those from Amazon, with the S&P 500 expected to remain near its record high and within striking distance of 2,000.. Dow Jones industrial average e-mini futures fell 21 points and Nasdaq 100 e-mini futures lost 13 points.
Some of the names on the move ahead of the open.
HONG KONG— McDonald's restaurants in Hong Kong have taken chicken nuggets and chicken filet burgers off the menu after a U.S.-owned supplier in mainland China was accused of selling expired meat. The fast food chain said late Thursday that it "suspended relevant food ingredients" at Hong Kong outlets in light of the scandal surrounding Shanghai Husi Food Co..
Brinker International Inc. rose$. 18 or. 4 percent, to $44.93. Chipotle Mexican Grill Inc. fell $1.07 or. 2 percent, to $660.20. Darden Restaurants Inc. rose$. 80 or 1.8 percent, to $45.29.
*Caterpillar drags on Dow; Facebook at record on results. *Amazon shares fall after market's close; Baidu rallies. NEW YORK, July 24- U.S. stocks finished a quiet session mostly flat on Thursday as earnings painted a mixed picture of the economy, though the S&P 500 set another record closing high.
July 24- Starbucks Corp on Thursday said quarterly sales at established stores in its dominant Americas region grew a somewhat stronger-than-expected 6 percent, including a 7 percent rise for the United States.
Check out which companies are making headlines after the bell Thursday: Pandora, Starbucks, Visa & more.
*Caterpillar drags on Dow; Facebook stock at record on results. NEW YORK, July 24- U.S. stocks ended a quiet session on Thursday as earnings painted a mixed picture of the economy, though the S&P 500 set another record closing high. Recent gains on Wall Street have been fueled by earnings, which have been strong this quarter.
July 24- Starbucks Corp on Thursday said quarterly sales at established stores in its U.S.-dominated Americas region grew 6 percent. Starbucks' Americas region sales also rose 6 percent in the fiscal second quarter. The Americas region contributes the majority of Starbucks revenue.
NEW YORK— Starbucks said Thursday its revamped breakfast sandwiches and other food offerings helped boost sales at its U.S. cafes. In a conference call with analysts, Starbucks CEO Howard Schultz said food has become a strength and drives traffic to cafes, and that the company was just getting started in its efforts in improving its lineup.
The Seattle-based coffee company posted fiscal third-quarter earnings of 67 cents per share on $4.14 billion in revenue.
Brinker International Inc. rose$. 36 or. 8 percent, to $45.11. Chipotle Mexican Grill Inc. fell $1.45 or. 2 percent, to $659.82. McDonald's Corp. rose$. 05 or. 1 percent, to $95.40.
Brinker International Inc. rose$. 20 or. 4 percent, to $44.95. Chipotle Mexican Grill Inc. fell $3.71 or. 6 percent, to $657.56. Darden Restaurants Inc. rose$. 12 or. 3 percent, to $44.61.