TOP STORIES
ORACLE TO BUY CLOUD-SOFTWARE PROVIDER FOR $9.3 BILLION
Business software maker Oracle agreed to buy NetSuite for $9.3
billion, a cloud computer firm whose largest investor is Oracle
Chairman Larry Ellison.
FORD'S PROFIT DECLINES 9% ON LOWER CHINA SALES
Ford's net profit fell 9% in the second quarter and the car
maker tempered its outlook amid a modest decline in the core North
American performance and weaker China sales.
STOCKS SLIDE AS INVESTORS MULL EARNINGS, FED
U.S. stocks fell, dragged down by companies that reported
disappointing quarterly results.
MASTERCARD RESULTS TOP EXPECTATIONS AS TRANSACTIONS GROW
MasterCard said profit and revenue grew in the second quarter as
transactions increased at the credit card network.
U.S. JOBLESS CLAIMS ROSE, BUT STILL POINT TO EXPANDING LABOR MARKET
The number of Americans filing new applications for jobless
benefits climbed last week-rising 14,000 to a seasonally adjusted
266,000-though that level continues to point to an growing job
market.
AT VW, HEFTY SCANDAL-RELATED CHARGES DRAG DOWN PROFIT
The German auto maker's operating profit surged nearly 20%, but
that was halved by charges, largely related to the company's
emissions-cheating scandal.
HERSHEY POSTS REVENUE GAIN AS IT SWINGS TO PROFIT
Hershey said its U.S. candy sales will be lower than expected
this year, as the chocolate giant beefs up its cost-cutting efforts
after rejecting a buyout offer from Mondelez International.
CIT SAYS FED OBJECTED TO ITS CAPITAL PLAN
CIT Group said the Federal Reserve had a qualitative objection
to its capital plan, while also reporting a sharp drop in quarterly
profit tied to its acquisition of OneWest Bank.
MEDIASET: BOARD REJECTS VIVENDI'S PROPOSED CHANGES TO PAY-TV DEAL
The board of Italian broadcaster Mediaset SpA rejected new
changes proposed by France's Vivendi SA to a pay TV deal between
the two companies, setting up a bitter showdown between two of
Europe's media giants.
BRAZIL FREEZES FACEBOOK FUNDS IN LATEST CLASH OVER WHATSAPP MESSAGES
Brazilian federal prosecutors have froze about $11.6 million of
Facebook funds in the latest dispute over access to WhatsApp
messages.
LLOYDS TO CUT 3,000 JOBS AS LENDER BRACES FOR POST-BREXIT SLOWDOWN
Lloyds Banking Group is to cut 3,000 extra jobs as the British
bank warned that Brexit will hit the U.K. economy in the months to
come.
GRUBHUB BEATS EXPECTATIONS, RAISES 2016 OUTLOOK; SHARES JUMP
Grubhub reported second-quarter results that beat expectations
and the online food ordering and delivery company raised its
outlook for the year.
TRANSCANADA PROFIT FALLS
TransCanada said its second-quarter profit fell 15%, hurt in
part by costs related to its purchase of Columbia Pipeline and its
nixed Keystone XL pipeline.
SMARTPHONE SHIPMENTS ANEMIC IN SECOND QUARTER
World-wide smartphone shipments remained lackluster in the
second quarter, research firm International Data Corp. said
Thursday, dragged down by a drop in iPhone sales as demand in China
cools, competition picks up and carriers reconsider their
plans.
CREDIT SUISSE PROFIT SURPRISES BUT FAILS TO SWAY INVESTORS
Credit Suisse Group Chief Executive Tidjane Thiam said the
surprise quarterly profit reported by the Swiss bank on Thursday
shows his strategic revamp is getting on track. Many investors
weren't so sure.
EU TO REVIEW BONUS RULES FOR SMALL FINANCIAL COMPANIES
The European Union said it will review bonus rules that small
banks and investment firms say have proven too costly and
cumbersome to apply.
KANSAS CITY FED MANUFACTURING INDEX SLIPS TO -6 IN JULY
Factory activity across the Plains states pulled back in July as
low energy prices continue to constrain demand for manufactured
goods, though the region's producers turned more optimistic that
orders would soon pick up.
NEW YORK TIMES SWINGS TO LOSS IN THE QUARTER
New York Times Co. swung to a second-quarter loss because of
costs to streamline its international operations and declines in
print and digital advertising.
CBS INCREASES DIVIDEND, STOCK BUYBACK
CBS on Thursday announced measures to send cash back to
shareholders, saying it will raise its quarterly dividend and boost
its stock buyback.
HCA PROFIT RISES, BUT STOCK DOWN AS REVENUE OUTLOOK IS PARED
HCA Holdings Inc. cut its 2016 revenue outlook, saying its
volume growth in the first half-while solid-fell short of the
hospital operator's expectations.
======= DOW JONES NEWSWIRES ANALYSIS AND COMMENTARIES =======
Technology
APPLE'S HARD-CHARGING TACTICS BACKFIRE IN TV
Some of the tactics used by Apple to achieve success have hurt
its efforts to revolutionize the TV-watching experience. In search
of its new big thing, the company has alienated cable providers and
networks with an assertive negotiating style.
Sports - Golf
TIGER WOODS HAS SET THE BAR TOO HIGH
Nearly a year has passed since Tiger Woods last played in a
competitive golf tournament. And in many respects, the sport is
moving on. But even from afar, he looms over the three biggest
stars in this week's PGA Championship.
(END) Dow Jones Newswires
July 28, 2016 13:01 ET (17:01 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.