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Newspaper
Lawrence Journal World
Location
Lawrence, Kansas, United States of America
Date
Jul 28, 2016
Page
6
Orders for durable goods fell 4 percent to 219.8 billion dollars in June after a 2.8 percent drop in May, the Commerce Department reported. Commercial aircraft orders plunged 58.8 percent, highlighting weakness across major manufacturing sectors.
Coca Cola reports a 5 percent quarterly drop to 11.5 billion as CEO Muhtar Kent defends the shift to smaller high margin servings aimed at lifting revenue in a weak unit. Earnings beat estimates at 3.45 billion for the quarter, up 11 percent.
The Fed kept rates steady but flagged a potential September hike as labor markets show strength. It called near term risks diminished while noting soft business investment and ongoing inflation below target. Markets priced a low chance of a move, pending stronger payrolls and global outlook signs.
A Harris Poll study finds the top robocall scams in 2016 include Google business listings, loan relief, and offers of free vacations. Pindrop reports 500 000 fraudulent calls monthly to about 100 000 landlines, with scam centers, spoofed numbers, and do not call registry advice from FTC guidance.
Facebook beat estimates with 6.44 billion dollars in revenue for the quarter, marking the fastest growth in two years and continuing its earnings streak. Mobile ads made up 84 percent of revenue and MAUs reached 1.71 billion as daily users topped 1.13 billion.
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