European Central Bank to keep level of stimulus unchanged

CURRENCIES: The euro rose slightly to $1.1034 from $1.1015, while the dollar rose to 107.23 yen from 106.01 yen. Germany's 10-year bund yields were largely flat, at around minus 0.04%. We maintain our call that EUR/USD will fall modestly near-term (3... More..

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Amazon Posts Solid Q2 Beat, Gives Strong Revenue Guidance
by | Friday, July 29, 2016

Amazon Posts Solid Q2 Beat, Gives Strong Revenue Guidance

Amazon forecast current-quarter net sales of between $31.0 billion and $33.5 billion, factoring in sales from its Prime Day annual shopping festival. Despite accounting for just 9.5 percent of overall sales la...More..

This David Chang burger plans to completely revolutionize how you see burgers
by | Thursday, July 28, 2016

This David Chang burger plans to completely revolutionize how you see burgers

Tomorrow at noon at Momofuku Nishi , David Chang will unleash the Impossible Burger, an animal-free burger composed entirely of plant-based ingredients. Lifelong carnivore and Daily Newser Jeanette Settembre s...More..

Facebook users grow to 1.7bn a month as revenue exceeds expectations
by | Thursday, July 28, 2016

Facebook users grow to 1.7bn a month as revenue exceeds expectations

Facebook reported it's now reached 1.57 billion mobile users, and said that mobile advertising now makes up 84 percent of its total ad revenue. Excluding items, the company earned 97 cents a share. "Our com...More..

Lilly CEO John Lechleiter to retire by year-end
by | Thursday, July 28, 2016

Lilly CEO John Lechleiter to retire by year-end

Revenue plunged because of generic competition following patent expirations for several of the company's top-selling drugs, such as the antipsychotic Zyprexa and later the antidepressant Cymbalta. "We must focu...More..

AB InBev says it has US approval for SABMiller merger
by | Thursday, July 28, 2016

AB InBev says it has US approval for SABMiller merger

According to The Wall Street Journal , in December past year, beer industry professionals appealed to the US Justice Department to amend that program. for $1.6 billion, the news report noted. The post DOJ...More..