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Business News continually updated from thousands of sources around the net.

1 hr ago | The Modesto Bee

US airlines scrap Israel flights over missile fear

In this file photo made Jan. 21, 2010, a passenger walks past a Delta Airlines 747 aircraft in McNamara Terminal at Detroit Metropolitan Wayne County Airport in Romulus, Mich.

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Related Topix: Israel, World News, Middle East, Boeing 747, Commercial Aircraft, Boeing Aircraft, Aircraft, Delta Galil Industries, Apparel

2 hrs ago | CBC News

McDonald's profit slips as U.S. customers turn away

McDonald's Corp. said its profit slipped in the second quarter as sales in the U.S. continued to flag.

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Related Topix: Restaurant Management, Mcdonalds, Life, Food, Hamburger, Oak Brook, IL

2 hrs ago | The Washington Post

Stocks move higher; Comcast, Lockheed gain

Comcast rose 2 percent after reporting higher profits than investors were expecting.

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Related Topix: Cable & Satellite, Comcast, Financial Markets

4 hrs ago | CBC News

Saudi Arabia opens stock market to foreigners in 2015

The Cabinet decision late Monday paves the way for foreign financial institutions to directly buy and sell stocks listed on Saudi Arabia's $530 billion Tadawul All Share Index starting sometime in the first half of 2015.

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Related Topix: Financial Markets

8 hrs ago | Myrtle Beach Online

Credit Suisse in steep loss after US tax case

The steep loss contrasted sharply with the profit of 1.045 billion francs it posted in the April-June period a year ago.

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10 hrs ago | The Modesto Bee

Detroit retirees back pension cuts by a landslide

In a May 30, 2014 file photo, Detroit emergency manager Kevyn Orr speaks with reporters after addressing the Mackinac Policy Conference on Mackinac Island, Mich.

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Related Topix: Mackinac Island, MI, Economics News, Bankruptcy

Mon Jul 21, 2014

The Modesto Bee

Russia's Severstal selling US plants for $2.3B

Word of a possible sale began to circulate earlier this year as the West threatened sanctions against Russia for its activity in the Ukraine, but Severstal has not among those companies targeted by those actions.

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Related Topix: Steel, Mining, Steel Dynamics, AK Steel Holding, Dearborn, MI

The Modesto Bee

JetBlue pilot among 6 arrested in Boston drug bust

Police said John Manwaring, 42, of Maitland, Florida, and a woman with him were charged with heroin possession.

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Related Topix: Drugs, Transportation, Airlines, JetBlue Airways, Boston, MA

Myrtle Beach Online

JetBlue pilot among 6 arrested in Boston drug bust

Police said John Manwaring, 42, of Maitland, Florida, and a woman with him were charged with heroin possession.

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Related Topix: Drugs, Transportation, Airlines, JetBlue Airways, Boston, MA

Myrtle Beach Online

Netflix tops 50M subscribers as 2Q earnings soar

The gains announced Monday include an additional 570,000 U.S. subscribers, slightly more than Netflix's management predicted.

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Related Topix: Netflix, Startups, Santa Clara County, CA, Los Gatos, CA

The Washington Post

Park to update goat plan after fatal 2010 attack

In this July, 2008 file photo, one of some 300 mountain goats in Olympic National Park faces a photographer on the Switchback Trail after park officials first warned of aggressive goats in the Klahhane-Hurricane Ridge-Switchback Trail area near Port Angeles, Wash.

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Related Topix: Outdoor Recreation, Hiking

The Washington Post

Speculators Cutting Bullish Oil Bets Miss Ukraine Rally: Energy

The downed jetliner in Ukraine and Israel's Gaza offensive blindsided speculators who had cut bullish crude bets on the assumption that risks to supply were diminishing.

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Related Topix: Israel, World News, Middle East, Iraq, Cushing, OK

The Washington Post

U.K. Prosecutors Said Close to Opening Probe Into FX Rigging

U.K. prosecutors are preparing to open a criminal investigation into alleged manipulation of foreign-exchange benchmarks, a person with knowledge of the matter said.

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The Modesto Bee

German supermarket tycoon Albrecht dead at 94

He was 94. Essen's city hall told The Associated Press that Albrecht was buried Monday in a family plot in a small ceremony in the city's Bredeney district where he lived.

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The Washington Post

Verizon launches rewards program a " but therea s a twist

Verizon Wireless is launching a nationwide loyalty program this week for its 100-million-plus subscribers.

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Related Topix: Verizon Communications, Telecom, IT Services, Verizon, Marketing, Cellphones

The Modesto Bee

Market Basket workers fired for support of ex-CEO

The company said in a statement that eight employees were fired over the weekend because "Their actions continued to harm the company, negatively impacted customers, and inhibited associates' ability to perform their jobs."

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Related Topix: Tewksbury, MA

Myrtle Beach Online

Tesco chief Philip Clarke to step down

Tesco announced Monday that Dave Lewis, currently an executive at Unilever, would become CEO in the fall after the company issued a profit warning describing challenging trading conditions.

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The Modesto Bee

Business park plan upsets some in Olive Branch

Cows now graze on the land just east of the city limits. The Commercial Appeal reports that developers are trying to get the property rezoned.

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Related Topix: Modesto, CA

Myrtle Beach Online

Oxford School District goes high tech

The district is requiring parents and students to attend a special computer orientation class before the start of the school year.

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Related Topix: Education Etc., Family, Kids

Sun Jul 20, 2014

The Modesto Bee

Swofford confident autonomy proposal will pass

Speaking Sunday on the first day of his league's two-day media event, Swofford said he "will be surprised if it doesn't pass."

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Related Topix: Modesto, CA

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