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

3 hrs ago | The Modesto Bee

KFC owner says China scandal hurting sales

Yum Brands Inc., in a filing with the U.S. securities regulator, gave no financial details and said it was too early to know when sales might rebound.

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Related Topix: Yum Brands, Restaurant Management, Mcdonalds

7 hrs ago | The Washington Post

Twitter Stock Surges as Costolo Makes Case for Future Growth

Twitter Inc. Chief Executive Officer Dick Costolo is getting the company back on track with Wall Street by drawing people to use the service more, sending shares soaring 20 percent.

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Related Topix: Twitter, Startups, Facebook

11 hrs ago | McClatchy

Fed taper continues, on pace to end in October

With the announcement, the rate-setting Federal Open Market Committee will now purchase $25 billion a month in bonds to stimulate the economy and is expected to further ratchet down purchases with the expectation of ending the controversial program late this year.

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Related Topix: Financial Markets, Home, Mortgage, Personal Finance, Federal Reserve Bank

13 hrs ago | Government Executive

Reid Vows to Defend Net Neutrality From Republican Attacks

Harry Reid wants the Federal Communications Commission to know he'll be on the agency's side in a political battle with Republicans.

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Related Topix: US News, Federal Communications Commission

17 hrs ago | Myrtle Beach Online

US economy grew at strong 4 percent rate in spring

The rebound reported Wednesday by the Commerce Department followed a sharp 2.1 percent annualized drop in economic activity in the January-March quarter.

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18 hrs ago | KDXY-FM Jonesboro

Netflix agrees to pay AT&T for smooth streaming

Video streaming service Netflix has agreed to pay U.S. broadband provider AT&T Inc to ensure smooth delivery of Netflix content to Internet users, the companies said on Tuesday.

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Related Topix: Cable & Satellite, Telecom, ATT, Federal Communications Commission

18 hrs ago | Myrtle Beach Online

Small cars fare poorly in crash tests

HOLD FOR RELEASE UNTIL 12:01 A.M. EDT WEDNESDAY, JULY 30. THIS PHOTO MAY NOT BE PUBLISHED, BROADCAST OR POSTED ONLINE BEFORE 12:01 A.M. EDT WEDNESDAY - FILE - In this Feb. 7, 2014 file photo, a 2014 Mini Cooper S Countryman All4 is on display during the media preview at the Chicago Auto Show at McCormick Place in Chicago.

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Related Topix: Arlington, VA

22 hrs ago | The Modesto Bee

Russia's central bank supports sanctions targets

In an online statement, the bank promised to "take adequate measures" to support targeted institutions.

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Tue Jul 29, 2014

Myrtle Beach Online

Twitter 2Q results soar, stock flies high

The San Francisco-based company's stock jumped 29.6 percent to $50.01 in extended trading after the results came out.

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Related Topix: Twitter, Mobile Marketing

The Modesto Bee

Waste Management selling subsidiary for $1.94B

It is selling Wheelabrator Technologies Inc., which owns or runs 17 waste-to-energy facilities and four independent power-producing plants in the U.S. The business also has four ash monofill landfills, three transfer stations and an ongoing development and construction project in the U.K. Wheelabrator's 2013 revenue totaled about $845 million.

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Related Topix: Environmental, Waste Management, Wallbridge Mining Company, Mining, Metals, Modesto, CA

Myrtle Beach Online

US bars Kurdish oil from entering Texas port

The order follows a complaint filed by the Iraqi government, claiming the oil was smuggled out of Kurdistan without its permission.

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Related Topix: Iraq, World News, Middle East, Myrtle Beach, SC

The Modesto Bee

OKCupid, Facebook not alone in studying consumers

OKCupid on Monday became the latest company to admit that it has manipulated customer data to see how users of its dating service would react to one another.

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Related Topix: Startups, Facebook, Privacy, Golden Gate University, San Francisco County, CA, San Francisco, CA

The Modesto Bee

How Asana hopes to purge the scourge of email

Asana is a service created to minimize the need for workplace email by serving as a one-stop shop for assigning work, sharing ideas, posting important updates and tracking the progress of projects.

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PC World

Guns, vandals and thieves: Data shows U.S. networks under attack

Early one morning in April last year, someone accessed an underground vault just south of San Jose, California, and cut through fiber-optic cables there.

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Related Topix: Federal Communications Commission

McClatchy

FCC's dull plans for Internet get viral, angry response

Growing alarm about big companies controlling online content has led to an unprecedented amount of public participation in a phase of the FCC's regulatory process usually reserved for lawyers and policy wonks.

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Related Topix: Federal Communications Commission, Telecom, Internet Service Providers, Black Entertainment, Janet Jackson, Pop/Rock

Myrtle Beach Online

Argentina fights with debt holdouts; default nears

Here are the issues at stake: In 1998, Argentina fell into recession and faced crushing payments on its international debt.

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Related Topix: Financial Markets

San Jose Mercury News

Home price gains continue to slow down

U.S. home prices rose in May from a year earlier at the weakest pace in 15 months as sales remain modest in the spring buying season.

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Related Topix: Housing, Tampa, FL, Home, Mortgage, Personal Finance

Myrtle Beach Online

JPMorgan paying $650K to settle CFTC charges

The Commodity Futures Trading Commission announced the settlement Tuesday. The CFTC said that JPMorgan continued to submit inaccurate reports to the agency from 2012 through February of this year even though CFTC staff found errors in them and notified JPMorgan.

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Related Topix: Corporate / Securities Law, Law

The Modesto Bee

Corning donates $1.8M in parts for space telescope

The not-for-profit BoldlyGo Institute wants to put its ASTRO-1 telescope in orbit by the mid-2020s.

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Related Topix: Science / Technology, Space, Telecom, Corning, Electronics, Corning, NY, NASA

Myrtle Beach Online

Suzuki recalls nearly 26,000 cars for fire risk

The recall covers the Verona from the 2004-2006 model years. It's an expansion of an earlier recall of the Forenza and Reno.

Comment?

Related Topix: Economics News, Bankruptcy, Myrtle Beach, SC

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