U.S. stocks rise amid earnings; Fed meeting in focus
Investors are focused on the outcome of the Fed's two-day policy meeting with markets divided on whether it will take a hawkish or dovish stance. In a recent congressional testimony, Fed Chair Janet Yellen neither ruled out a September interest rate hike nor guided the market toward thinking it was a done deal. U.S. interest rates have remained near zero for almost a decade and the Fed has said it will raise rates once it sees a sustained recovery in the economy...
Weak home purchase contracts hint at pause in sales activity
The decline in contracts, which came on the heels of reports showing the pace of home price appreciation stalling in major cities and new home sales dropping, did little to change perceptions that the housing market recovery was on track given a tightening labor market. It is important to bear in mind that there is still plenty of fundamental support for the housing market," said Jennifer Lee, a senior economist at BMO Capital Markets in Toronto...
U.S. Fed expected to push ahead with rate hike plan
By Howard Schneider WASHINGTON (Reuters) - The Federal Reserve is expected on Wednesday to point to a growing U.S. economy and stronger job market as it sets the stage for a possible interest rate hike in September. The U.S. central bank is scheduled to issue its latest policy statement at 2 p.m. EDT (1800 GMT) following a two-day meeting, spelling out how policymakers feel the economy has progressed since they last met in June...
Pressed by left, Greece's Tsipras vows 'thus far and no further'
Greek Prime Minister Alexis Tsipras, struggling to contain a revolt in his left-wing Syriza party, said on Wednesday that his government would not implement reform measures beyond those agreed with lenders at a euro zone summit this month. In a clear warning to Syriza rebels, Tsipras said he could be forced to call early elections if he no longer had a parliamentary majority, and suggested an emergency party congress could be held in early September...
Boeing says considering moving work overseas due to Ex-Im saga
Boeing Co Chairman Jim McNerney said on Wednesday the company was actively considering moving "key pieces" of the company to other countries given the ongoing debate in the U.S. Congress over the future of the Export-Import Bank. "We are now forced to think about this differently," McNerney said in an interview hosted by the Economic Club of Washington, adding that Boeing may move some operations to countries that did offer export credits...
Being frank not enough, Twitter needs to broaden portfolio
Twitter Inc interim CEO Jack Dorsey's criticism of the company's efforts to woo new users may just be the first step to address its long-standing problems. To generate long-term earnings growth and satisfy investors, Twitter needs to broaden its portfolio and create an ecosystem of products similar to that of Google Inc and Facebook Inc . At least 15 brokerages cut their price target on Twitter to as low as $30 - 18 percent lower than Tuesday's close of 36...
Carlyle's second-quarter earnings drop as energy funds suffer
Carlyle's private equity portfolio appreciated 5 percent in the second quarter, roughly in line with last year. As a result, Carlyle said economic net income (ENI), an earnings metric that factors in the mark-to-market value of its portfolio, dropped to $180 million in the second quarter from $289 million a year earlier. Like its major peers, Carlyle has diversified beyond corporate buyouts into alternative credit, real estate and funds of funds...
Thomson Reuters profit beats, finance unit shows growth
Thomson Reuters shares, which had been down more than 6 percent in 2015 through Tuesday, rose 4 percent after the results, their best one-day move in about four years. "The quarter and the first half just confirms the momentum that is building inside the business," Chief Executive Jim Smith said in an interview. Thomson Reuters has struggled to expand since Thomson Corp acquired Reuters Group Plc in 2008, a $17 billion merger that was completed just as the financial industry crisis started...
Leaders Who Serve Their Employees Have Greater Business Success: Here's Why
Some new research has found that when bosses put employees' needs over their own, measurable improvements result: Greater customer satisfaction, higher job performance by employees, and lower turnover are the result. According to the researchers, this type of leadership suggests that if businesses lead by caring for their people, the profits...
Captain EO is coming back to Disney World's EPCOT
Captain EO is coming back to Disney World's EPCOT http://www.engadget.com/2015/07/29/captain-eo-is-back/?ncid=txtlnkusaolp00000589 Wed, 29 Jul 2015 13:11:00 -0400 Engadget 2015/07/29/captain-eo-is-back/
Google Translate can help you with text in 20 new languages
Google Translate can help you with text in 20 new languages http://www.engadget.com/2015/07/29/google-translate-can-help-you-with-text-in-20-new-languages/?ncid=txtlnkusaolp00000589 Wed, 29 Jul 2015 12:17:00 -0400 Engadget 2015/07/29/google-translate-can-help-you-with-text-in-20-new-languages/
Are You a "Digitalist"?
Are you a leader who is trying to help your organizations through transformational change? Here's a new resources you may be interested in...