Starbucks posts solid quarter as sales rise and profits beat
Starbucks reported a 25 percent profit rise in the quarter driven by higher sales and lower coffee costs. Global sales climbed 8 percent at cafes open at least 13 months, with U.S. growth at 9 percent. Earnings reached $417.8 million, 55 cents per share, on revenue of $3.74 billion, topping analysts’ 53 cent estimate. Shares rose about 7 percent after hours.
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Starbucks
Wall Street
U.S
Starbucks Corp
Associated Press
Southwest Airlines
Gary Kelly
Airbus scales back to three divisions under Airbus brand
EADS weighs splitting into three units with Airbus as the umbrella brand. Airbus Defence and Space would base in Munich, combining defense and space, while Airbus Military would separate from the main aircraft unit. Airbus Commercial Aircraft would stay dominant, and Eurocopter may become Airbus Helicopters.
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Europe
EADS
Paris
European Aerospace Group
Airbus
Airbus Military
Ohio
BAE Systems
Airbus Defence & Space
Munich
Eads Defense
Cassidian
Astrium
Boeing Commercial Airplanes
Trans
Eurocopter
France
Airbus Helicopters
Eads Fine Tunes
Airbus Group
European Aeronautic, Defence and Space Co
GM earnings beat street on Europe woes and U.S. truck strength
General Motors posted a better than expected second quarter profit as aggressive cost cutting narrowed losses in Europe. North American earnings hit nearly $2 billion, buoyed by higher pricing for the 2014 Silverado and GMC Sierra, offset by $400 million in truck-launch costs. International operations fell 64 percent to $228 million.
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Detroit
General Motors Co
U.S
Europe
Guggenheim Securities
Matthew Stover
Dan Ammann
Ford Motor Co
Dan Akerson
North American
Reuters
North America
Akerson
General Motors
Gene J. Puskar
Associated Press
U S durable goods rise 4.2 percent in June
The Commerce Department reports durable goods orders up 4.2 percent in June led by a 31.4 percent jump in aircraft orders. Boeing booked 287 planes in June, while excluding autos and airplanes orders were flat. Shipments fell, but rising new orders point to higher growth in the July–September quarter.
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U.S
Washington
The
Commerce Department
Rcent
Boeing
Transporta
Tion
Busipom
Eeap
Econon
Jonathan Basile
Credit Suisse
Honda pleased with ratings in JD Power APEAL study
Honda ranks mid pack with 791 of 1000 in JD Power APEAL, slightly below industry average and above non luxury rivals. Acura scores 811, Honda's luxury line. revisions to the formula affect year to year comparisons. Odyssey tops minivan scores. Accord ranks high among midsize cars. Honda emphasizes improvements to Civic and Accord.
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Honda
J.D. Power and Associates
Ford
Chevrolet
Toyota
Raffi Festekjian
J.D. Power
Acura
Ohio
Alabama
Chris Martin
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Columbus Dispatch
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