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Business Briefing: Yelp Posts Surprise Loss as Revenue Growth Slows

a shared story    3 days 12 hours 33 minutes ago
The company reported its slowest revenue growth in 18 quarters and said its chairman, Max Levchin, would step down “to pursue other interests.” 



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Energy company Total profit slips in 2nd quarter

a shared story    3 days 12 hours 33 minutes ago
PARIS (AP) -- French energy giant Total SA says its net profit slid 4 percent in the second quarter as higher production helped offset a steep drop in the price of oil.... 



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Asian stocks recover in early trade

a shared story    3 days 13 hours 33 minutes ago
Asian stocks are higher on Wednesday on a strong Wall Street lead and hopes that Chinese markets will settle after days of volatility. 



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Twitter boss 'not satisfied' with growth

a shared story    3 days 19 hours 33 minutes ago
Twitter's revenue and earnings for the second quarter have beaten expectations, but co founder Jack Dorsey says he is "not satisfied" with its user growth. 



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Twitter 2Q revenue grows sharply but user growth stays slow

a shared story    3 days 20 hours 33 minutes ago
NEW YORK (AP) -- Twitter failed to grow its user base at a quick enough pace for investors in the second quarter even as revenue grew sharply, feeding concerns about whether it can ever become a mass-market service like Facebook or Google.... 



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Omega's Cooperman says would not buy energy shares aggressively: CNBC

a shared story    3 days 20 hours 33 minutes ago
NEW YORK (Reuters) - Leon Cooperman, chief executive of hedge fund Omega Advisors, said on Tuesday that he would not buy energy shares aggressively given the current situation in China.  



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Gilead beats Street 2Q forecasts on surge in sales, profit

a shared story    3 days 21 hours 33 minutes ago
Blockbuster hepatitis C medicine Harvoni lifted Gilead Sciences' second-quarter profit by 23 percent as total revenue for the biotech drugmaker jumped 26 percent and it raised its 2015 sales forecast for the second time.... 



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Yelp reports surprise loss, revenue forecast disappoints

a shared story    3 days 21 hours 33 minutes ago
(Reuters) - Yelp Inc , the operator of consumer review website Yelp.com, reported a surprise loss and forecast revenue for the current quarter that fell far below market expectations, sending its shares plummeting in after-hours trading on Tuesday.  



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Ga. Judge cuts damages in Jeep fire death from $150M to $40M

a shared story    4 days 1 hour 33 minutes ago
DETROIT (AP) -- A Georgia judge has cut the damages that Fiat Chrysler must pay the family of a child who died in a Jeep SUV fire from $150 million to $40 million.... 



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U.S. consumer mood sours, home price growth stalls

a shared story    4 days 2 hours 33 minutes ago
NEW YORK (Reuters) - U.S. consumer confidence took its biggest tumble in four years in July on a less upbeat jobs outlook, while home appreciation in major cities stalled in May, suggesting a spring pause in housing demand.  




U.S. homeownership rate tumbles to record low in second-quarter

a shared story    4 days 4 hours 33 minutes ago
WASHINGTON (Reuters) - U.S. homeownership dropped to a record low in the second quarter as more Americans opted to rent, data showed on Tuesday.  



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UPS second-quarter profit tops estimates; sees sluggish U.S. economy

a shared story    4 days 4 hours 33 minutes ago
(Reuters) - Package delivery company UPS on Tuesday reported a better-than-expected second-quarter profit on improved margins, and said U.S. economic growth was being hampered by a strong dollar and an expected interest rate hike.  



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