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Stock Market News

No new 'Bond King' for Pimco when Gross reign ends
By Reuters - Jul 23, 2014

By Thomas Atkins and Kathrin Jones FRANKFURT (Reuters) - When Bill Gross eventually retires as chief investment officer of California-based asset manager Pimco, his "Bond King" crown will ...

UK fraud office liaising with China on GSK bribery case
By Reuters - Jul 23, 2014

By Kirstin Ridley LONDON (Reuters) - Britain's fraud office is working with authorities in China in a first for such Anglo-Chinese cooperation as it carries out its own investigation into ...

Tanker charge tarnishes Boeing's second-quarter profit
By Reuters - Jul 23, 2014

By Sweta Singh (Reuters) - Boeing Co reported a 52 percent jump in quarterly profit, helped by higher commercial plane deliveries and one-time tax gains, but investors were spooked by rising costs ...

Apple pushes S&P 500 to record close; Boeing hits Dow
By Reuters - Jul 23, 2014

By Ryan Vlastelica NEW YORK (Reuters) - Stocks ended mostly higher on Wednesday, with the S&P 500 closing at a record on Apple's bullish results, though Boeing weighed on the Dow and ...

Delta Air quarterly profit rises, aided by U.S. demand
By Reuters - Jul 23, 2014

(Reuters) - Delta Air Lines (N:DAL) reported a higher second-quarter profit on Wednesday as it flew fuller planes and enjoyed higher passenger revenue in the United States and Europe. The ...

Dow Chemical net profit falls 62 percent
By Reuters - Jul 23, 2014

(Reuters) - Dow Chemical Co said its second-quarter net profit fell 62 percent from a year earlier, when it received $2.2 billion in damages from Kuwait's state chemical company for pulling out of a ...

PepsiCo reports Q2 EPS of $1.32, beats estimates for $1.23
By Investing.com - Jul 23, 2014

Investing.com - Beverage giant Pepsi reported better-than-expected second quarter earnings and revenue figures, it announced early Wednesday. Pepsico (NYSE:PEP) said earnings per share came in at ...