COMPANIES

Netflix short-sellers gained a measure of redemption Monday as the company missed on revenue expectations with its second quarter earnings report and the stock dropped more than eight percent in after-hours trading.

President Barack Obama, taking a combative tone in a standoff with congressional Republicans over the U.S. debt, said the country cannot deal with its budget problems through spending cuts alone.

Many U.S. airlines raised fares in recent days to take advantage of a drop-off in U.S. ticket tax collection after Congress failed last week to fully fund the Federal Aviation Administration budget, but passengers will likely not notice any price difference.

More than 100 oil workers and contractors hired by Mexico's state oil monopoly Pemex have aided criminal gangs stealing millions of barrels of fuel over the past decade, a document obtained by Reuters shows.

Room rental service Airbnb has steadily gained in popularity, but still hasn't worked out all the kinks in its service. IBTimes takes a look at five of the biggest reasons to be weary using Airbnb.

Ivory Coast restarted negotiations with financers and France's Bouygues on Monday to build a third bridge over Abidjan's main lagoon to ease congestion, 15 years after the project was first mooted.

The U.S. Federal Reserve's much criticized bond buying spree had only mild side-effects on other economies but the process of tightening monetary policy eventually may reverberate more harshly, an IMF report said on Monday.

BP would be wise to consider splitting its operations, as ConcoPhillips and Marathon Oil recently have, to possibly gain back up to 100 billion in value, according to an analyst.

Kansas City Federal Reserve President Thomas Hoenig said the Fed should raise interest rates that are near zero to avoid economic imbalances and asset price bubbles.

Netflix missed Wall Street's expectation in second quarter earnings Monday, and the stock dropped more than eight percent in after-hours trading.

Nissan's all-electric Leaf received a five-star safety rating from the National Highway Traffic Safety Administration, the company says. Nissan is raising the price on the 2012 by several thousand dollars, but the Leaf will be sold in 21 more states.

Much of the United States may be frying in near-record temperatures but Wall Street has been feeling the heat for months. Wrangling over the debt ceiling has kept markets on edge, and investors are still waiting for a breakthrough that leads to a deal to avoid a devastating default.

Stocks tumbled on Monday as political brinkmanship in Washington over the debt ceiling sparked fears of a U.S. rating downgrade, sending world equities lower and pushing gold to a record high.

Kimberly-Clark's CEO doesn't expect his company to pursue Clorox, despite Carl Icahn calling upon the company to do so.

Room rental service Airbnb recently received a 112 million dollar investment, allegedly earning the company a $1 billion valuation. IBTimes takes a look at the five biggest reasons to be weary of using Airbnb.

Netflix will report second quarter earnings Monday afternoon, and many shorts are wondering if it's just what they have been waiting for.

GE is making progress in earnings and profits as the company reshapes its business, but its stock price is lagging behind. Here's three things needed to get GE's stock price moving again.

Gold rose to fresh record high on Monday as talks over lifting the debt ceiling appeared to be stalling just days before the August 2 deadline, raising the prospect of a debt default.

A report says Google+ is requiring real names to set a positive tone on its new social networking site. A company spokesman says Google+ is working on a way to allow pseudonyms.

TD Ameritrade will consider buying E*Trade when the company's board of directors meets Thursday, according to report.

Investigations are underway as over four retail shops, in the southern Chinese city of Kunming, were discovered to be posing as fake Apple stores. Customers and even staff were fooled by the Apple products, whether they were real or selling fakes counterfeit versions. The store itself has been impressive in terms of decorating and matching furniture to legitimate Apple stores.

Scorching heat across the U.S. Midwest has almost certainly cut corn yields, and it appears that the grain futures market has largely factored this into prices.

Wall Street futures fell, the dollar dropped and gold rallied as Washington appeared no closer on Sunday to raising the debt ceiling to avert a devastating default.

Dominique Strauss-Kahn's accuser in the Manhattan sex assault case, the 32-year-old Guinean woman, has come out in public trying to cement the faltering case against the former IMF chief.

The recent revelation of fake Apple stores located in the southwestern Chinese city of Kunming,Yunnan highlights its infringing patents and copyrights culture. Visitors are fooled by elaborately constructed replicas of commercial products in China known as a counterfeit haven.

The co-founder of Mattel and co-creator of Barbie has died. But the legacy of his remarkable products including Barbie and Hot Wheels lives on. Services for Handler will be held Tuesday, according to his daughter, Barbara, for whom the Barbie doll was named.

A federal appeals court rejected a move by Jared Lee Loughner's lawyers that would have stopped him from being forcibly drugged as he awaits trial for a shooting rampage that left a congresswoman with brain damage, and six dead.

Borders Group is liquidating, closing all bookstores nationally. Borders is offering discounts of up to 40 percent off, but some customers say they expected deeper discounts.

McDonald's is on a roll, increasing second quarter profits in a lackluster market. The company has fared well with success from its McCafe beverages and other menu enhancements, but the additions can be complicated in a fast food restaurant. How McDonald's handles continued menu enhancements will determine the company's success from this point going forward.