NYSE

Limbaugh Boycott Draws Blood: Cumulus Media Cites ‘Drag’ in 2Q Revenue

Limbaugh
Liberal groups that have been boycotting radio broadcaster Rush Limbaugh for months have apparently drawn blood: aside from winning withdrawals of more than 100 advertisers, second-quarter revenue from 10 stations owned by Cumulus Media (Nasdaq: CMLS) declined due to the boycott, CEO Jim Dickey said.
Warren Buffett

Warren Buffett's Berkshire Hathaway Drops Intel, Bets On Oil

Warren Buffett's Berkshire Hathaway Inc. (NYSE:BRK.B) dumped its shares of Intel Corporation (Nasdaq: INTC) last quarter and cut its stake in The Procter & Gamble Company (NYSE: PG) while boosting its exposure to oil refining and oil services.
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U.S. Services Sector Slumped In April

Luxury, Discount Retailers Post Higher Quarterly Earnings

A mix of luxury brands and discounters reported quarterly earnings that topped expectations, results that underscored a broader report showing U.S. retail sales broke three consecutive months of declining growth in July as consumers regained some semblance of confidence this summer.
Saks Fifth Avenue

Wealthy Buyers Prop Up Sales At Saks, Michael Kors

Saks Inc. (NYSE: SKS) and Michael Kors Holdings Ltd. (NYSE: KORS) are both benefitting from wealthy consumers, offsetting global economic turmoil and an uncertain U.S. economy, the companies said Tuesday.
General Motors headquarters at the Renaissance Center in Detroit

Auto Bailout To Cost Extra $3.4B

The cost of the 2009 bailout of the U.S. automotive industry by the federal government will cost the country $3.4 billion more than was previously estimated, reports said Tuesday.
Toyota workers assemble the 2012 Corolla at the Blue Springs, Miss., plant, which began hiring 2,000 employees in 2011.

US Manufacturing Jobs Will Grow As Japan's Carmakers Move Capacity To North America

Amid constant political caterwauling about the demise of American manufacturing, Japanese automakers like Toyota Motor Corporation (NYSE: TM), Honda Motor Co. (NYSE: HMC) and Nissan Motor Co. (Tokyo: 7201) are gradually bringing manufacturing jobs to North America by building new factories and adding extra shifts to meet resurgent demand in the U.S. automotive market.
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Apple Shares Near All-Time High On New Product Hopes

Shares of Apple (Nasdaq: AAPL), the world's most valuable technology company, have recovered lost ground and are trading not much below their record high of $644 set on April 10. Despite a setback when third-quarter earnings fell shy of estimates last month, they could set another record again this week.
Knight Capital

Knight Capital's Woes Continue as Stock Plummets, Issues Defect Market Marker

Knight Capital Group Inc. (NYSE:KCG) saw shares in the company drop precipitously early Monday -- at one point losing over 7 percent of their value -- as the bruised-up broker-dealer continued to pick itself up less than two weeks after a trading algorithm gone berserk saddled the firm with $440 million in losses.
2012 Election

Who Is Janna Ryan? A Primer

Meet Janna Ryan, the tax attorney turned stay-at-home mom, who married U.S. Rep. Paul Ryan, R-Wis., the running mate of presumptive 2012 Republican Party presidential nominee Mitt Romney.
The Chicago PMI continues to signal economic recovery for the region, although some business have become worried about rising energy costs

US Gas Prices Won't Drop Until October - Analyst

Gasoline production issues and tensions between Iran and Israel have sent U.S. gasoline prices above $4 per gallon in some cities, and prices likely won't fall until October, according to gasoline analysts.
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Technology Focus: Curiosity On Mars Another Legacy Of JFK

Last week’s successful landing of the Mars Science Laboratory, better-known as Curiosity, represented a triumph in aeronautical and electrical engineering. Now the nine-foot, six-wheeled rover will use its instruments to make “Mars-shaking” discoveries in geology, meteorology and chemistry.
A123's Livonia, Mich. battery plant.

Wanxiang Lifeline For A123 Faces Anti-China Backlash

Chinese conglomerate Wanxiang Qianchao Co. (Shanghai: 000559) is offering a $450 million lifeline to struggling battery manufacturer A123 Systems Inc. (Nasdaq: AONE), but the deal is facing right-wing opposition in the U.S.

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