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  • July 26- Verizon Communications Inc disappointed Wall Street on Tuesday by reporting a smaller-than-expected subscriber gain for its main wireless business, and its CEO gave few details about plans to increase revenue from its planned purchase of Yahoo Inc's internet assets. Chief Executive Officer Lowell McAdam said Verizon could "create long-term...

  • *WTI lowest since April 20, Brent down to May 10 low. NEW YORK, July 26- Oil prices dipped on Tuesday, with U.S. crude hitting three-month lows, as oversupply concerns weighed on the petroleum complex ahead of data likely to show unseasonably high gasoline stocks despite the peak U.S. summer driving period. "Our shift to a bearish stance that was initiated more than...

  • *U.S. to sell $34 bln 5- year notes after weak 2- year auction. NEW YORK, July 26- Yields on U.S. government bonds edged higher on Tuesday ahead of a $34 billion auction of five-year notes, while the Federal Reserve began a two-day meeting that may produce clues on the timing on a possible interest rate increase. The domestic economy's resilience following Britain's...

  • WASHINGTON— The White House warned Tuesday of a "revolution" of computer-generated threats to the U.S. stoked by growing cyber aggression by traditional U.S. foes like Russia and North Korea, and issued a color-coded response plan for the federal government to use after major cyberattacks. Lisa Monaco, President Barack Obama's homeland security and...

  • July 26- JetBlue Airways Corp's quarterly profit beat Wall Street estimates as the U.S. budget airline continued to benefit from lower fuel costs, and the company said it expects capacity to increase in the current quarter. "provides ability to start flights to Europe from other East Coast- focus cities, should we choose to do so," Chief Executive Robin Hayes said on...

  • United Tech's shares rose 2.5 percent to $107.25 in early trading on the New York Stock Exchange. "United Technologies avoided most of the air pockets buffeting the multi-industry sector this quarter," analyst Deane Dray, of RBC Capital Markets, wrote in a note. United Tech raised the low end of its full-year earnings forecast to $6.45 a share, from $6.30, while...

  • NEW YORK, July 26- If anyone knows the value of a penny, it is the owner of a restaurant. Bastianich is the force behind New York institutions like Babbo, Becco and Del Posto. His next project: Opening a new location of Italian food emporium Eataly at New York's World Trade Center.

  • NEW YORK, July 26- If anyone knows the value of a penny, it is the owner of a restaurant. Bastianich is the force behind New York institutions like Babbo, Becco and Del Posto. His next project: Opening a new location of Italian food emporium Eataly at New York's World Trade Center.

  • NEW YORK— The latest on developments in global financial markets:. The slump Tuesday comes as investors monitor corporate earnings from Gilead, McDonald's, Texas Instruments and other companies. Biotechnology company Gilead Sciences fell 8 percent after reporting weak sales and cutting its revenue estimate for the year.

  • NEW YORK, July 26- United Technologies Corp's quarterly profit and revenue beat analysts' estimates, and the company raised the low end of its full-year forecast. United Tech raised the low end of its full-year earnings forecast to $6.45 a share, from $6.30, while keeping the high end at $6.60. It raised the low end of its revenue forecast to $57 billion, from $56...

  • NEW YORK— McDonald's reported disappointing sales growth in the United States for the second quarter on Tuesday as the world's biggest burger chain keeps touting its all-day breakfast menu amid its turnaround efforts. Last week, Starbucks said its customer traffic in the U.S. was flat from a year ago, and that its results were pressured by weakening consumer...

  • NEW YORK— JetBlue Airways Corp. on Tuesday reported second-quarter earnings of $180 million. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 49 cents per share. JetBlue shares have declined 24 percent since the beginning of the year.

  • JetBlue paid $1.43 per gallon on average in the quarter, down 33 percent from a year ago. The New York- based carrier's net income rose to $180 million, or 53 cents per share, in the second quarter ended June 30 from $152 million, or 44 cents per share, a year earlier. Analysts had estimated 49 cents per share, according to Thomson Reuters I/B/E/S.

  • NEW YORK, July 26- United Technologies Corp's quarterly profit and revenue beat analysts' estimates, and the company raised the low end of its full-year forecast. Net income fell to $1.37 billion from $1.54 billion a year earlier. United Tech raised the low end of its full-year earnings forecast to $6.45 a share from $6.30 while keeping the high end at $6.60.

  • July 26- JetBlue Airways Corp reported an 18.4 percent rise in quarterly profit as the U.S. budget airline continued to benefit from lower fuel costs. The New York- based carrier's net income rose to $180 million, or 53 cents per share, in the second quarter ended June 30, from $152 million, or 44 cents per share, a year earlier. However, unit revenue, a closely watched...

  • NEW YORK— Verizon Communications said Tuesday that a strike by 40,000 employees hurt its results in the second quarter, and the company's revenue fell short of analyst projections. Verizon said its net income after paying dividends on preferred stock fell to $702 million, or 17 cents per share. Analysts expected Verizon to report earnings of 93 cents per share...

  • Revenue climbed 10 percent to $1.24 billion for the three months ended June 30, beating the $1.23 billion that analysts polled by Zacks Investment Research expected. Sirius XM Holdings Inc. earned $173 million, or 3 cents per share, in the quarter. A year earlier the New York- based company earned $102.8 million, or 2 cents per share.

  • NEW YORK, July 26- Private equity firm KKR& Co LP on Tuesday reported higher-than-expected earnings, benefiting from steadying oil prices and stronger U.S. equity and credit markets. New York- based KKR said it had earned economic net income of 23 cents a share in the second quarter, down from 88 cents a year earlier but well above analysts' forecasts of 5 cents,...

  • BUFFALO, N.Y. _ Computer Task Group Inc. on Tuesday reported second-quarter earnings of $1.3 million. For the current quarter ending in October, Computer Task Group said it expects revenue in the range of $79 million to $81 million. Computer Task Group shares have declined 18 percent since the beginning of the year.

  • Now, the head of Turkey's second army, responsible for its borders with Syria and Iraq, is in prison in Duzce, some 216 km east of Istanbul, the most senior serving general arrested for suspected involvement in a failed military coup. But it exposed and exacerbated divisions within the second largest military in the NATO alliance, raising questions about its...