Business Stories from July 27, 2016 (Change date)
-
UK economy grew faster than expected in run-up to EU voteJul 27, 2016 7:00 am - LONDON (AP) - Britain's economy grew faster than expected in the run-up to the vote to leave the European Union, official figures showed Wednesday - little consolation f...
-
Coca-Cola cuts sales outlook amid weak international demandJul 27, 2016 7:00 am - ATLANTA (AP) - Coca-Cola cut its sales forecast for the year on Wednesday, but says it's making changes to address declining soda demand in the U.S. and key internationa...
-
EU Commission refrains from fining Spain, PortugalJul 27, 2016 7:00 am - BRUSSELS (AP) - The European Union's executive refrained Wednesday from calling for heavy fines against Spain and Portugal for breaching budget rules and sought instead ...
-
Long-time Lilly CEO Lechleiter to retire in DecemberJul 27, 2016 7:00 am - Eli Lilly Chairman and CEO John C. Lechleiter will retire in December after leading the drugmaker through a challenging period in which it lost U.S. patent protection fo...
-
Nissan quarterly profit down 11 pct on yen, shrinking salesJul 27, 2016 7:00 am - TOKYO (AP) - Japanese automaker Nissan Motor Co. is reporting a 136.4 billion yen ($30.7 million) profit for the fiscal quarter through June, down nearly 11 percent from...
-
Washington scientist launches effort to digitize all fishJul 27, 2016 7:00 am - SEATTLE (AP) - University of Washington biology professor Adam Summers no longer has to coax hospital staff to use their CT scanners so he can visualize the inner struct...
-
VW global sales up as Europe, China growth offsets US dropJul 27, 2016 7:00 am - BERLIN (AP) - Volkswagen says its global sales rose 5.1 percent in June compared with a year earlier, fueled by gains in China and Europe and bolstering its performance ...
-
Egypt asks IMF for a 3-year loan to help struggling economyJul 27, 2016 7:00 am - CAIRO (AP) - Egypt is in the "final stages" of negotiating an agreement with the International Monetary Fund to secure a much-needed loan of up to $7 billion per year, a...
-
Pharmaceutical giant GSK invests in British sitesJul 27, 2016 7:00 am - LONDON (AP) - GlaxoSmithKline is investing some 275 million pounds ($360 million) into three plants in Britain, sweeping aside concerns about growth following the countr...
-
Airbus profits up but problems persist with A400M, A350Jul 27, 2016 7:00 am - PARIS (AP) - Airbus Group suffered 1.4 billion euros in losses linked to its troubled A400M military transporter and A350 passenger jet in the first half of the year, th...