Wires

More

  • WASHINGTON, July 28- The U.S. Securities and Exchange Commission said on Thursday it had frozen the assets of the operator of a Utah- based Ponzi scheme that raised more than $207 million from investors worldwide, mainly in the United States, India and Russia. In a complaint filed in federal court in Salt Lake City on Tuesday, the SEC alleged that Traffic Monsoon LLC...

  • July 28- Jeff Bezos, the founder and chief executive of Amazon.com Inc, has become the world's third-richest person as of the market close for the first time, Forbes magazine said, passing Warren Buffett, the chairman and chief executive of Berkshire Hathaway Inc.. Bezos' fortune was $65.3 billion as of 4:30 p.m. EDT on Thursday, compared with Buffett's $64.9...

  • The company, which owns cable channel Showtime, radio stations and publishing house Simon& Schuster, said net income rose to $423 million, or 93 cents per share, in the second quarter ended June 30 from $332 million, or 67 cents per share, a year earlier. CBS has focused on its online subscription streaming services such as CBS All Access, as a way to lower its dependence...

  • July 28- Baidu Inc, China's biggest Internet search firm, reported a 34 percent fall in quarterly net income- its biggest ever decline since going public- hurt by a healthcare scandal that embroiled the company this year. The company's net income fell to 2.41 billion yuan in the April-June quarter from 3.66 billion yuan a year earlier, Baidu said in a statement on...

  • *Longer-dated yields touch 2- week lows after weak data. NEW YORK, July 28- U.S. Demand for the Treasury Department's $28 billion sale of seven-year notes was tepid but still stronger than in two-year and five-year auctions earlier this week.

  • IRVINE, Calif. _ Western Digital Corp. on Thursday reported a fiscal fourth-quarter loss of $351 million, after reporting a profit in the same period a year earlier. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of 72 cents per share. Western Digital shares have declined 11 percent since the beginning of the year,...

  • NEW YORK, July 28- Janus Capital Group Inc on Thursday said it plans to launch its first bond exchange-traded fund this year, shifting legendary bond investor Bill Gross' co-manager into a new role. The Janus Short Duration Income ETF, which will be actively managed in part by Kumar Palghat, will aim to deliver returns of 2 to 3 percent above the benchmark...

  • PITTSBURGH _ Federated Investors Inc. on Thursday reported second-quarter net income of $52.7 million. Federated Investors shares have risen nearly 10 percent since the beginning of the year. Keywords: Federated Investors, Earnings Report.

  • CARTHAGE, Mo. _ Leggett& Platt Inc. on Thursday reported second-quarter profit of $121.2 million. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 63 cents per share. Three analysts surveyed by Zacks expected $1 billion.

  • District Judge Cathy Seibel in White Plains said on Thursday that there was no way for the lawsuits to continue after her earlier ruling barring crucial testimony from plaintiffs' experts.

  • LAS VEGAS _ Wynn Resorts Ltd. on Thursday reported second-quarter net income of $70.4 million. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 97 cents per share. Four analysts surveyed by Zacks expected $1.01 billion.

  • SAN FRANCISCO— In a story July 27 about Dolby Laboratories Inc.' s earnings, The Associated Press reported that Dolby is a maker of audio equipment.

  • July 28- Wall Street edged higher on Thursday as investors looked beyond disappointing earnings from Ford and bought shares in Apple, while Alphabet surged after the bell following its quarterly report. Momentum players are focusing to buy on pullbacks, "said Michael Matousek, head trader at U.S. Global Investors in San Antonio.

  • The average estimate of 13 analysts surveyed by Zacks Investment Research was for earnings of 86 cents per share. CBS shares have risen 15 percent since the beginning of the year, while the Standard& Poor's 500 index has increased 6 percent. Access a Zacks stock report on CBS at http://www.zacks.com/ap/CBS.

  • NEW YORK— Stocks had another day of meager gains on Thursday as investors worked through a new batch of mixed company earnings, including results from Facebook, Ford and Whole Foods. The Dow Jones industrial average fell 15.82 points, or 0.1 percent, to 18,456.35. The Standard& Poor's 500 index rose 3.48 points, or 0.2 percent, to 2,170.06.

  • *Longer-dated yields touch 2- week lows after weak data. NEW YORK, July 28- U.S. Demand for the Treasury Department's $28 billion sale of seven-year notes was tepid but still stronger than in two-year and five-year auctions earlier this week.

  • SAN FRANCISCO— Business is booming at Google's parent company, Alphabet Inc., even as it loses billions of dollars on kooky-sounding projects that may never produce any revenue. Powered by Google's dominant search engine, Alphabet earned $4.9 billion during the April-June period, a 24 percent increase from the same time last year. After subtracting ad...

  • DES MOINES, Iowa _ Principal Financial Group Inc. on Thursday reported second-quarter profit of $322.3 million. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.06 per share. Principal Financial shares have declined roughly 1 percent since the beginning of the year, while the Standard& Poor's 500 index has...

  • BELLEVUE, Wash. _ Expedia Inc. on Thursday reported second-quarter net income of $31.6 million. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of 73 cents per share. Expedia shares have declined 4 percent since the beginning of the year, while the Standard& Poor's 500 index has climbed 6 percent.

  • July 28- Google-parent Alphabet Inc's revenue increased a bigger-than-expected 21.3 percent in the second quarter, driven by strong advertising sales on mobile devices and for video content. Alphabet's consolidated revenue rose to $21.50 billion in the three months ended June 30, from $17.73 billion a year earlier. Net income rose to $4.88 billion, or $7.00...