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Business News from Topix.net

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Related Article: How to Trade Alphabet on a New High or Bust After Earnings

Alphabet is the weakest stock among the four called FANG . Netflix is the only one to report earnings and when they did on July 17, the stock began a move called a parabolic .

...read more

Social Security and it's purported death spiral - and a scam warning

It's a fair question because "nonretired Americans have become somewhat more likely to say Social Security will be "a major source" of income in their retirement, according to a Gallup poll. "Although Social Security's programs are self-sufficient on paper, in reality they're running into major problems," he writes.

...read more

If It's Not Earnings News, It's Amazon Competition: Jim Cramer's Best Blog

Jim Cramer fills his blog on RealMoney every day with his up-to-the-minute reactions to what's happening in the market and his legendary ahead-of-the-crowd ideas. This week he blogged on: Click here for information on RealMoney , where you can see all the blogs, including Jim Cramer's--and reader comments--in real time.

...read more

Developer plans Starbucks, hotel and gym for a The Gatewaya project in Chatsworth

A developer has big plans for a strip mall on the corner of Mason Avenue and Lassen Street in Chatsworth. This mid-century structure, which formerly housed a Safeway supermarket and was later converted into a warehouse and office space for Hercules Distribution Ltd. is expected to stay intact.

...read more

Human Trafficking Incident in Texas Causes Nine Deaths

Nine people were found dead in the trailer of a semi-truck parked in the lot of a San Antonion, Texas Walmart Sunday morning. The nine were among a group of 38 who were hidden in the truck and succumbed to heat and dehydration.

...read more

At Chicago Sun-Times, New Owners Vow Return to Paper's Working-Class Roots

At a Christmas party in December, Edwin Eisendrath, a former Chicago alderman, bumped into Jorge Ramirez, a labor leader. As guests nibbled on a selection of decadent desserts, the two men contemplated an audacious plan.

...read more

3D Printing News: Proto Labs Has a Lot to Prove on Thursday When It Reports Q2 Earnings

Like 3D printing stocks in general, the stock had struggled for the previous few years, as valuations deflated when the strong growth investors were betting on didn't materialize. Proto Labs has some good momentum going into earnings.

...read more

1 Thing Procter & Gamble Co. Left Out of Its Proxy Fight Response

In the return volley, the consumer products giant defended its portfolio strategy, its cost-cutting efforts, and its progress at transforming the huge business into a stronger, more flexible organization -- all without addressing a core complaint about its worsening market share position. One of the core charges from Nelson Peltz's Trian Fund was that P&G's management has overseen weak shareholder returns over the past decade.

...read more

F-16 Supplier Gets Financing Edge After EU Boosts Defense Support

Terma A/S , a closely held Danish aerospace company, says business is looking up because of the EU's fresh focus on security. The maker of radars for airports and electronics for the F-16 fighter jet recently accepted its first loan from the European Investment Bank after the terms for the 28 million-euro deal proved more attractive than anything from private lenders, including the company's traditional financier, Danske Bank A/S.

...read more

Turkey has agreed to buy Russia's advanced missile-defense...

Turkey reached an agreement with Russia to purchase the latter's most sophisticated missile-defense system, the S-400, a senior Turkish military official told Bloomberg last week. Under the $2.5 billion agreement Ankara would receive two batteries of the antiaircraft missile from Moscow within the coming year and then produce two more batteries in Turkey.

...read more

Anthony Scaramucci reportedly refers to Sean Spicer as Melissa...

New White House communications director Anthony Scaramucci referred to former press secretary Sean Spicer as Melissa McCarthy to people within the White House, The Wall Street Journal reported on Friday. The Journal's report cited several Trump administration officials in its claim.

...read more

U.S. Moves to Drop Charges Against Ex-Traders in 'London Whale' Case

An effort to hold someone accountable for JPMorgan Chase 's loss of more than $6 billion in the so-called London Whale trading scandal is coming to an end, with federal prosecutors in Manhattan moving on Friday to dismiss all criminal charges against two former bank employees. The prosecutors filed a motion to dismiss charges against the bank employees, Javier Martin-Artajo and Julien Grout, saying that recent statements by a key cooperating witness, Bruno Iksil, had thrown the reliability of his testimony in doubt.

...read more

Trump Could Still Unleash an Attack on Amazon Real Soon, Doug Kass Says

Doug Kass fills his blog on RealMoney every day with his up-to-the-minute reactions to what's happening in the market and his legendary ahead-of-the-crowd ideas. This week he blogged on: Click here for information on RealMoney , where you can see all the blogs, including Doug Kass'--and reader comments--in real time.

...read more

A stunning new smog-eating 'vertical forest tower' will...

On the outside, 10,000 trees and shrubs - nearly half the amount found in New York's Central Park - will fill the skyscraper's facade, roof, and balconies. Inside, it will feature 200 luxury apartment units, restaurants, a fitness center, and offices.

...read more

VW Slides as Audi Recalls Vehicles and More Scandal Brews in German Car Industry

Volkswagen AG slid Friday, July 21, after its Audi unit said it would recall hundreds of thousands of vehicles to fix engine software in a bid to reduce their emissions output amid a fresh scandal that is brewing in the German car industry. Around 850,000 cars carrying specific kinds of six-cylinder and eight-cylinder engines are affected by the recall initially, although the VW Group is also expected to recall Volkswagen and Porsche-branded cars.

...read more

Minneapolis Police Chief Pressured to Resign After Fatal Shooting of Australian Woman

The Minneapolis police chief resigned Friday at the mayor's request, less than a week after one of the city's officers fatally shot an unarmed Australian woman who had called for help. "I've lost confidence in the chief's ability to lead us further," Mayor Betsy Hodges said in a statement.

...read more

Former CBO directors in both parties defend the agency after White House attacks

Office of Management and Budget Director Mick Mulvaney, who has criticized the Congressional Budget Office, listens as President Trump speaks on March 17 at the White House. The former directors of the Congressional Budget Office - a bipartisan group that includes some of the nation's most eminent economists - published a letter defending the agency Friday morning, after weeks of strident criticism from the Trump administration.

...read more

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