The 23- year-old had a car full of passengers when he pulled over Wednesday to fill up his tank in Atlanta. The Calhoun, Georgia, native said he hoped to make it to Chattanooga, Tennessee, within a few hours to see his 9- year-old goddaughter, who is being treated at the Ronald McDonald House. One traffic jam aside, the low gas prices made the cost a bit easier, he said,...» Read More
July 16- Charles Schwab Corp' s second-quarter revenue and profit grew at double-digit rates, slightly exceeding Wall Street expectations. The shift helped Schwab amass $2.4 trillion of client assets as of June 30, the highest in its history and up 17 percent from a year ago.
*Airbus says still on track for A380 breakeven in 2015. Airbus said it was testing improvements to the doors after a recent plane diversion and several incidents involving noise onboard and said the programme was still on track to reach breakeven in 2015..
LONDON, July 16- Britain wants deeper reforms to the EU Emissions Trading System than those proposed by the European Commission and Germany, favoring canceling hundreds of millions of carbon permits over launching a tool to regulate market supply.
July 16- General Electric Co is in talks with potential suitors about selling its household appliances business, Bloomberg reported, citing people familiar with the matter. The business may fetch $1.5 billion to $2.5 billion in a sale, Bloomberg said. GE spokesman Seth Martin declined to comment.
WASHINGTON, July 16- The United States will insist that fellow World Trade Organization members stick to promises around a global deal to lower trade barriers and speed up the passage of goods through customs, a top trade official said on Wednesday.
SAN FRANCISCO, July 16- Amazon.com Inc is considering a new e-book subscription service called " Kindle Unlimited," that aims to replicate popular video-streaming models for the digital books market, according to several online reports and a test page that briefly appeared on the Internet retailer's website.
The Apple-IBM tie up, beginning this fall, is set to target the customer base that BlackBerry needs to woo as part of a turnaround under new Chief Executive Officer John Chen. "It is not a crushing blow at this early stage, but it is a negative for BlackBerry," said IDC analyst John Jackson.
WASHINGTON, July 16- The U.S. economy continued to expand in recent weeks, with manufacturing activity widening and employers in several parts of the country reporting difficulties finding skilled workers, the Federal Reserve said on Wednesday.
ZURICH, July 16- Roche's experimental drug crenezumab failed to delay a decline in thinking and memory skills in people with Alzheimer's disease, a result likely to bolster a growing belief that drugs need to be given in earlier stages of the disease to show a benefit.
WASHINGTON, July 16- The U.S. consumer finance watchdog on Wednesday proposed publishing on its website individuals' stories about bad experiences with credit cards, student loans and other financial services, prompting quick pushback from banks.
*Time Warner shares up 16.9 percent. NEW YORK, July 16- Rupert Murdoch's 21st Century Fox Inc said on Wednesday that Time Warner Inc had rebuffed its offer to buy the company, but people familiar with his thinking say he is determined to bring the U.S. media conglomerate into his empire.
NEW YORK, July 16- U.S. crude oil rose more than $1 on Wednesday, rebounding from recent steep losses after government data showed crude stockpiles in the world's largest oil consumer fell sharply last week.
NEW YORK, July 16- Bank of America Corp agreed to pay the insurer American International Group Inc $650 million to settle long-running legal disputes over defective mortgage-backed securities that the bank sold in the run-up to the financial crisis.
*New company will list on NYSE, delist from Milan. MILAN, July 16- Italy's GTECH will buy U.S. slot machine maker International Game Technology for $4.7 billion, shifting the lottery operator away from its struggling domestic market and making it a major player in the casino business.
WASHINGTON, July 16- Two U.S. senators on Wednesday unveiled a bill prompted by the General Motors Co recalls over defective ignition switches that would make it a crime for corporate officers to conceal dangers posed by their products.
*China data boosts stocks and oil outlook. NEW YORK, July 16- Stock markets around the world rose on Wednesday as strong China growth data and potential big deals in the United States boosted investor sentiment while concerns eased over the vulnerability of Portugal's largest listed lender.
*Intel climbs on earnings, outlook. *Time Warner rebuffs $80 bln bid from 21st Century Fox. Time Warner shares jumped 16.4 percent to $82.63 as the best performer on the S&P 500 after Twenty-First Century Fox confirmed it made an $80 billion takeover offer for the company that was turned down.
DETROIT, July 16- German automaker BMW said on Wednesday it is recalling about 1.6 million cars worldwide to replace passenger-side front air bags made by Takata Corp because the inflators could break apart during deployment and injure passengers.
NEW YORK, July 16- Billionaire investor Stanley Druckenmiller took another swipe at U.S. central bank policies on Wednesday, warning that continued low interest rates were too risky and could create fresh problems in the years ahead.
July 16- The Detroit Institute of Arts said on Wednesday it has secured another $26.8 million in pledged donations to cover its portion of the "grand bargain" intended to help Detroit emerge from bankruptcy while sparing a sale of the museum's art works.