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Tuesday, July 22, 2014

Business Today: Futures rise on earnings, tension falling in Ukraine

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07/22/2014
Reuters Election 2012 Daily round-up of the day's top news from the campaign trail, the White House and all the politics in between
Futures rise on earnings, tension falling in Ukraine
NEW YORK (Reuters) - U.S. stock index futures rose on Tuesday on hopes for an easing of tensions in Ukraine and as a cascade of earnings landed.
High gasoline prices push up U.S. consumer prices
WASHINGTON (Reuters) - U.S. consumer prices rose in June as the cost of gasoline surged, but the overall trend continued to point to a gradual build up of inflationary pressures.
China food scandal spreads, drags in Starbucks, Burger King and McNuggets in Japan
SHANGHAI (Reuters) - The latest food scandal in China is spreading fast, dragging in U.S. coffee chain Starbucks, Burger King Worldwide Inc and others, as well as McDonald's products as far away as Japan.
McDonald's profit falls on weak U.S. sales
(Reuters) - McDonald's Corp's quarterly profit slipped about 1 percent as comparable sales in its struggling U.S. business fell, hurt by lower consumer traffic.
Fund managers unconvinced by Apple rebound
NEW YORK/SAN FRANCISCO (Reuters) - Apple, once a can't-miss stock, is finding it tough to persuade portfolio managers to come back into the fold.
Coca-Cola quarterly profit falls 3 percent
(Reuters) - Coca-Cola Co reported a 3 percent fall in quarterly net profit due to restructuring of its juice operations in Russia and the separation of its Brazilian bottling operations last year.
Obama, Biden highlight job-training in middle-class push
WASHINGTON (Reuters) - President Barack Obama and Vice President Joe Biden will put a spotlight on job-training programs on Tuesday as part of a White House push to boost economic opportunities for middle-class Americans, an important voting group in November elections.
Netflix profit doubles on U.S., foreign subscriber growth
LOS ANGELES (Reuters) - Netflix Inc said on Monday its quarterly profit more than doubled, boosted by strong growth in U.S. and international subscribers as a price increase for its most popular U.S. video streaming plan did not deter new users.
Airbus conducts rejected take-off test on new A350
PARIS (Reuters) - Airbus has carried out a high-speed rejected take-off test for its new A350 airliner, the planemaker said on Tuesday.
Apple asks suppliers to produce up to 80 million large-screen iPhones: WSJ
(Reuters) - Apple Inc has asked suppliers to manufacture between 70 million and 80 million of its two forthcoming large-screen iPhones by the end of the year, its largest initial production run of iPhones, the Wall Street Journal reported, citing people familiar with the matter.
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