Wall Street slides in wake of China crash

U.S. stocks fell, with equities posting their longest losing streak since January, after the biggest slump in eight years for Chinese shares amid concern over the nation’s economic growth. Apple Inc. slipped 1.4 percent after its worst week in six months. Baidu Inc., China’s largest search engine, lost 4.2 percent. Alibaba Group Holding Ltd. retreated […]

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Greek bailout talks pushed back by a few days on logistics-official

By Angeliki Koutantou ATHENS (Reuters) – Talks between Greece and its international creditors over a new bailout package will be delayed by a couple of days because of organizational issues, a finance ministry official said on Saturday. The meetings with officials from the European Commission, European Central Bank and International Monetary Fund were supposed to […]

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Amazon soars as retail giant reveals surprise Q2 profit

Amazon (AMZN) shares zoomed higher in extended trading on Thursday after the online retailer posted second-quarter results that widely beat Wall Street’s expectations. The shares rallied more than 18%, adding to a gain of 55% this year, to an all-time high price of over $567. It was the third consecutive stock jump following earnings for […]

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Apple logs Q3 beat, but Q4 sales outlook disappoints

Apple (AAPL) posted fiscal third-quarter profits and sales that topped analysts’ estimates, but the iPhone-maker’s current-quarter revenue outlook disappointed investors. The world’s biggest technology company said its earned $1.85 a share, beating estimates by four cents. Sales of $49.6 billion also topped views of $49.4 billion. However, Apple’s current-quarter revenue outlook of $49 billion to […]

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Greek banks ready to open Monday, Merkel urges swift bailout talks

By Costas Pitas and Lefteris Papadimas ATHENS (Reuters) – Greek banks are ready to open their branches across the country on Monday after a three-week shutdown, officials said, while German Chancellor Angela Merkel called for swift aid talks so Athens could also lift withdrawal limits. The cautious reopening of the banks, and an increase in […]

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Greek banks ready to open Monday, Merkel urges swift bailout talks

By Costas Pitas and Lefteris Papadimas ATHENS (Reuters) – Greek banks are ready to open their branches across the country on Monday after a three-week shutdown, officials said, while German Chancellor Angela Merkel called for swift aid talks so Athens could also lift withdrawal limits. The cautious reopening of the banks, and an increase in […]

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Ford CEO: Must balance creeping car technology and consumer privacy

If you’re the CEO of one of the biggest consumer-facing companies on the planet, you better be paying attention to customers. It’s a point not lost on Ford (F) CEO Mark Fields. In a recent interview with Fields, in Ford’s Dearborn, Mich., F-150 assembly plant, the CEO spoke to a couple of issues that reflect […]

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Intel shares jump on Q2 beat, upbeat Q3 outlook

Intel Corp., the biggest maker of semiconductors, predicted third-quarter sales that may exceed analysts’ predictions as owners of data centers add capacity to feed information demanded by mobile Internet use. Revenue will be $14.3 billion, plus or minus $500 million, the company said Wednesday in a statement. That compares with analysts’ average projection of $14 […]

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Wall Street rallies on Greece optimism

NEW YORK (AP) — A new agreement between Greece and its creditors helped push U.S. stocks up Monday. The deal for a new loan package is aimed at keeping the country in the euro, but many hurdles remain. The gains were broad. Nearly three stocks rose for every one that fell on the New York […]

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Euro zone ministers demand more from Greece for loan talks

By Andreas Rinke and Francesco Guarascio BRUSSELS (Reuters) – Skeptical euro zone finance ministers demanded on Saturday that Greece go beyond painful austerity measures accepted by Prime Minister Alexis Tsipras if he wants them to open negotiations on a third bailout for his bankrupt country to keep it in the euro. Ministers lined up to […]

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