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 Familiar Ignition Flaw Leads to Recall by Chrysler of Jeep S.U.V.s
The New York Times, July 23, 2014 Wednesday

 Chrysler said on Tuesday that it was recalling an undisclosed number of older Jeep S.U.V.s to correct an ignition-related stalling problem similar to the deadly flaw that has consumed General Motors this year.
 Microsoft's Profits Slide on Mobile, but Its Cloud Flourishes
The New York Times, July 23, 2014 Wednesday

 SEATTLE -- Microsoft's new chief executive has said the two most important trends for the company's future are mobile and cloud computing. But it is doing much better in cloud computing than in mobile. In what amounted to its first financial report card since acquiring the mobile business of Nokia, the Finnish handset maker, Microsoft said its overall profits slid because the Nokia business continued to lose money. At the same time, though, Microsoft's revenues got a big boost from the sales of...
 An Austrian Company in Gazprom's Grip
The New York Times, July 23, 2014 Wednesday

 LONDON -- With tensions escalating between Russia and the West, and Moscow facing the possibility of tougher economic sanctions, few European executives may feel caught in the middle more than Gerhard Roiss. Mr. Roiss is chief executive of the energy company OMV, Austria's largest industrial corporation, which has a long, tangled history with Gazprom, the Russian state-controlled gas giant. And just last month, he appeared at a Vienna news conference with Gazprom's chief to sign a deal -- over...
 IPhone Sales Lift Apple, but iPads Disappoint
The New York Times, July 23, 2014 Wednesday

 SAN FRANCISCO -- For Apple, the iPhone continues to be the device that makes the company tick. While top rivals like Samsung are starting to show weakness in phone sales, Apple sold 35.2 million iPhones in the third fiscal quarter, up 13 percent from the period a year ago. The total was slightly below the estimates of analysts, who had expected 36 million iPhones to be sold. But for Apple, slightly disappointing analysts on iPhone sales does not appear to be cause for alarm. The company, which...
 Comcast posts 14.8 percent quarterly profit jump
The Philadelphia Inquirer, July 23, 2014 Wednesday

 Comcast Corp. reported solid second-quarter earnings, with revenue climbing modestly at 3.5 percent to $16.8 billion and profit shooting ahead 14.8 percent to $2 billion. The company lost 144,000 TV subscribers - an improvement over the 162,000 lost a year ago - and added 203,000 high-speed Internet customers.  Brian L. Roberts, the company's chief executive officer and chairman, said that it was the cable division's best second-quarter performance in six years.
 Coca-Cola profit, revenue fall
The Atlanta Journal-Constitution, July 23, 2014 Wednesday

 Americans are starting to reach for Coca-Cola again, but they're doing so, in part, with mini-cans and smaller bottles rather than larger quantities. After months of sales struggles in its biggest market, the Atlanta-based beverage giant on Tuesday reported case volume for regular Coke, the world's No. 1 soft drink, climbed 1 percent in the second quarter in North America. About 60 percent of that volume came from smaller packages, such as Coke's 8-ounce mini-can, Coke's Chief Executive Officer...
 Fall is Apple's season to shine; New product bonanza on way
USA TODAY, July 23, 2014 Wednesday

 Brace yourselves for the fall of Apple. Not the decline of the empire that Steve Jobs & Co. built, but the resurgence of Apple during the fall season -- starting with the expected news of iPhone 6 in early September, followed by a new iPad and the long-rumored watch.
 McDonald's stock slides as earnings disappoint
USA TODAY, July 23, 2014 Wednesday

 Even as the meat scandal in China continued to spread to other fast-food companies on Tuesday, McDonald's reported disappointing second-quarter results that sent its stock lower.
 Existing-home sales tick up 2.6% in June; Supply remains tight, putting upward pressure on prices
USA TODAY, July 23, 2014 Wednesday

 Existing-home sales showed more vigor in June, climbing for the third straight month to their fastest annual pace since October. Sales rose 2.6% to a seasonally adjusted annual rate of 5 million, the National Association of Realtors said Tuesday. May's rate was revised up to 4.91 million.
 Microsoft's profit takes a hit in latest quarter; The company's purchase of Nokia's mobile-phone unit lowers its earnings.
Los Angeles Times, July 23, 2014 Wednesday

 The purchase of Nokia's mobile-phone unit cut into Microsoft Corp.'s profit in its latest quarter, but a surging cloud business and a new effort to launch its applications on a greater number of gadgets kept analysts optimistic about its prospects.
 Chipotle investors feast on results
USA TODAY, July 22, 2014 Tuesday

 Chipotle isn't just hot. It isn't just spicy. It's sizzling. Its second-quarter same-store sales -- restaurants open at least one year -- jumped 17.3% for the second quarter of 2014 compared to the second quarter of 2013. Most restaurant chains would be very pleased to post numbers even one-quarter of that
 Carlisle Cos. reports higher profit in 2nd quarter
Charlotte Observer (North Carolina), July 22, 2014 Tuesday

 Ballantyne-based Carlisle Cos. on Tuesday reported second-quarter profit of $75.2 million, up from $8.2 million a year ago.
 Netflix, Growing, Envisions Expansion Abroad
The New York Times, July 22, 2014 Tuesday

 Netflix made its first splash in original programming with ''House of Cards,'' the political drama focused on Washington. Next up, ''House of Versailles''? That was the strategy that Reed Hastings, chief executive of Netflix, jokingly tried to hammer home on Monday as the company made clear that as growth in the United States matures, it has set its sights on international expansion. Netflix said it had surpassed 50 million total members for its streaming service, including free trial...
 Tiffany's Chief to Retire; Successor Takes Over in 2015
The New York Times, July 22, 2014 Tuesday

 Tiffany & Company said on Monday that Michael J. Kowalski, its chief executive of 15 years, would retire next year and that the luxury jeweler's president, Frederic Cumenal, would succeed him. Mr. Kowalski, 62, joined the company in 1983 and became chief executive in 1999. He took the additional role of chairman in 2003. Mr. Cumenal, 54, will take over as chief executive next April 1. He joined Tiffany in 2011 after 15 years at the LVMH Group, owner of the Louis Vuitton brand. There he served...
 Yahoo to Acquire Flurry to Bolster Mobile Offerings
The New York Times, July 22, 2014 Tuesday

 Yahoo announced Monday that it had agreed to acquire Flurry, a mobile ad and analytics company. Flurry's analytics are used by 170,000 developers globally, and the deal will give Yahoo important strategic insights into how various apps are used on the 1.4 billion mobile devices on which Flurry runs. (Facebook gained similar insights when it bought Onavo, another leading analytics company, last year.
 In China, McDonald's and KFC Cut Supplier
The New York Times, July 22, 2014 Tuesday

 Updated, 10:12 p.m.ET| The Chinese outlets of McDonald's and KFC have stopped using meat from a Shanghai company after a local television news program accused the supplier of using chicken and beef past their expiration dates, setting off an investigation by food-safety officials.
 Valeant Complains to S.E.C.
The New York Times, July 22, 2014 Tuesday

 The ugly takeover battle between Valeant Pharmaceuticals and Allergan got even uglier on Monday. Valeant said it had complained to regulators in Canada and the United States about what it says are false statements Allergan made about the sales of some Valeant products. Allergan reported strong earnings and layoffs aimed at bolstering its stock price and persuading shareholders that it is better off as a stand-alone company.
 GM lacks switch fix for half-million Cadillacs; Recall has stopped sales of autos while solution sought
USA TODAY, July 22, 2014 Tuesday

 Three weeks after a recall and telling dealers not to sell them, General Motors continues to look for a way to fix an ignition switch risk in half a million Cadillacs.
 After 2 years, Mayer's Yahoo is still a work in progress
USA TODAY, July 22, 2014 Tuesday

 For two years, former Google superstar Marissa Mayer has been trying to revive the fortunes of Yahoo, the onetime Internet staple, as its CEO. The results? Not so good with advertisers, who are spending less with the company. Mayer has been on her own spending spree, trying to transform Yahoo into a cool place to be again. Yahoo had a disappointing second quarter. When it reported results last week, it said revenue fell to $1.084 billion, down from $1.135 billion a year ago.
 Allergan plans cuts, analysts say
Orange County Register (California), July 19, 2014 Saturday

 Allergan Inc., furiously trying to fend off a hostile takeover bid by Valeant Pharmaceuticals, is expected on Monday to upgrade its earnings forecast and unveil a package of measures - including cost cuts - intended to ensure that the new targets are met.
 Kraft finance chief savors new role; Teri List-Stoll looks for small ways to make a big impact
Chicago Tribune, July 21, 2014 Monday

 Even after 19 years with the world's largest household-products company, Teri List-Stoll wasn't itching for a change. But the opportunity to become CFO of Kraft Foods Group in 2013 merited a closer look, says List-Stoll, who was approached about the job about four years after moving up to treasurer at Procter & Gamble. List-Stoll had three criteria for leaving Cincinnati-based P&G. She wanted to stay in consumer products and join a company "small enough to wrap your arms around and really be...
 Tribune Publishing valued at $635M, analyst estimates
Chicago Tribune, July 21, 2014 Monday

 With Tribune Publishing set to spin off from Tribune Co. on Aug. 4, analysts have begun weighing in as to what the stand-alone, publicly traded newspaper company may be worth. In a report issued Thursday by CRT Capital Group, analyst Lance Vitanza pegged Tribune Publishing's equity value at about $635 million, or less than 10 percent of Tribune Co.'s total valuation. Despite "secular headwinds" that have cut newspaper industry revenues in half since 2005, Vitanza sees potential upside for...
 Hasbro to Collaborate With 3-D Printing Company to Sell Artwork
The New York Times, July 21, 2014 Monday

 In the not too distant future, 3-D printers may provide the public with anything from a whole new wardrobe, to meat, to furniture -- and even human organs. We aren't there yet. But a few major retailers and brands, eager to keep pace with a potentially game-changing technology, and generate a bit of marketing buzz, have begun to explore this 3-D world. One of those early experimenters is Hasbro, which plans to announce on Monday a partnership with a 3-D printing company, Shapeways, to sell fan...
 G.E. Results Reflect Shift Away From Finance Unit
The New York Times, July 19, 2014 Saturday

 General Electric reported second-quarter results on Friday that reflected its steady return to its industrial roots, as the giant conglomerate looks to accelerate the shift. G.E., the largest industrial company in the United States, said revenue from its industrial businesses, with products including jet engines, power generators, oil field machinery and medical imaging equipment, rose 7 percent. Revenue at its sizable finance unit, GE Capital, declined 6 percent. The reduction of the finance...
 J&J's secret weapon Sandra Peterson has turned around company's troubled consumer unit
The Star-Ledger (Newark, New Jersey), July 20, 2014 Sunday

 To fix Johnson & Johnson's disgraced consumer unit, Sandra Peterson took a gamble, jettisoning several well-known brands, including K-Y Jelly, to concentrate on big sellers such as the pain pill Tylenol. Doing so, she believed, would allow J&J to sharpen quality controls for the remaining products and put more effort into boosting their sales globally. Now, 18 months after Peterson arrived as the highest-ranked outsider ever hired by J&J, she insists that change, and others, are reviving a unit...
    

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