COMPANIES

African Unions to Team up Against Wal-Mart

Shopping carts are seen outside a new Walmart Express store in Chicago
A global labor federation plans to bring African unions together to battle the expansion of U.S. retailer Wal-Mart on the continent, a senior group member said on Wednesday.

ArcelorMittal South Africa H1 dives, sees tough Q3

ArcelorMittal
Higher input costs and a strong rand led to a 63 percent drop in ArcelorMittal South Africa's first-half profit and the steelmaker forecast a difficult third quarter on Wednesday, sending its shares to a 28-month low.
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Energizer's zapped profit tops expectations

Energizer Holdings Inc's (ENR.N) quarterly profit did not fall as much as expected, as strong razor sales helped mitigate the impact of higher costs for materials such as zinc and weak demand for batteries.
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Hospira reports higher quarterly net profit

Hospira Inc (HSP.N) on Wednesday reported a stronger-than-expected quarterly net profit, driven by positive results for the prostate cancer treatment oncolytic docetaxel in the United States.
Kickstart founders Charles Adler, Perry Chen, Yancey Strickler(l to r) are seen in this hondout photo.

Kickstarter making noise with crowd-funding

Perry Chen was working in the New Orleans' music industry when he faced a cash-crunch during the city's JazzFest. He wanted to bring a European musician to perform at the festival but couldn't raise the money. A decade later, other artists are now reaping the benefits of Chen's brainstorm: online fundraising site Kickstarter.
Bosco Farr, a floor manager at independent bookstore BookPeople poses in Austin, Texas, in this undated handout photo.

As Borders exits, indie bookstores fight other Goliaths

A decade ago Austin bookseller Steve Bercu faced a Texas-sized threat to his independent store: Borders was planning to build a megastore just blocks away. So he dug in his spurs and garnered community support that kept the franchise out of his area.
Amazon

Amazon's Stock Zooms; Analysts Remain Bullish

Amazon's stock is trading near a 52-week high, up more than five percent Wednesday after the company posted strong second quarter earnings and profits. But Amazon will go higher, say some analysts, because the company has a decided competitive advantage.
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McDonald's Slims Happy Meal, But Will it Work?

McDonald's will start adding more fruits and vegetables to its famed Happy Meal after years of criticism from health advocates. The measure is in part directed at fighting childhood obesity by offering more healthy options on menus and cutting down on calories, but the main question is will it make a difference?
Dunkin' Brands

Dunkin' Brands IPO Priced Well Above Estimates

Dunkin' Brands (DNKN.O) has raised $422.75 million after pricing its IPO at $19 per share, well above the range set by underwriters, signaling strong demand for this week's biggest deal.
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How to play it: Swiss francs, gold thrive in debt crisis

It's not too late to find investor-friendly exchange-traded funds specializing in safe-haven currencies and precious metals, experts say, though the August 2 deadline for raising the U.S. debt ceiling is days away. For more intrepid individuals, there are even some tech ETFs that seem to be holding their own.
Stock Markets

Dollar, stocks slide on debt gridlock

The dollar fell broadly on Tuesday as lawmakers remained deadlocked over raising the nation's debt ceiling to avoid a devastating default, while U.S. and European shares also declined.
Pumps are seen at a gas station in Tokyo

Oil up in seesaw trading

Oil prices edged up in choppy trading on Tuesday, lifted by a weak dollar while markets were buffeted by the continued stalemate over the U.S. debt ceiling that hemmed in Wall Street.
A gold bar carrying the Euro sign

Gold flat after hitting record

Gold held steady on Tuesday after the last session's record high, as investors stayed on the sidelines, watching the stalemate in Washington's budget talks to avert a ratings downgrade or default.
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Amazon revenue surges

The largest Internet retailer benefited from growth in e-commerce, though margins continued to be pressured by heavy spending on distribution, technology and digital content.
US Post Office In Blacksburg, Virginia

U.S. Postal Service to Close 3700 Offices This Year

The U.S. Postal Service (USPS) announced today a list of nearly 3,700 retail offices to be studied and potentially closed as early as November and replaced by new Village Post Offices in an effort to compensate for losses.
BP CEO

Earnings Numbers Show Need for BP to Split

BP announced second quarter earnings of 5.3 billion on Tuesday, a stark contrast from last year's second quarter loss of $17.15 billion, behind profits from skyrocketing oil prices.

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