Business Highlights
WASHINGTON (AP) — Americans spent more money at retailers and factories revved up production in June, offering encouraging signs of the U.S. economy's resilience in the face of global headwinds.
[...] inflation pressures remained modest, with consumer prices climbing 0.2 percent in June.
NEW YORK (AP) — As bond yields plunge to record lows and investors look for income, they're pouring money into stocks, sending the market to its own record highs.
TOKYO (AP) — Nintendo suffered as a latecomer to smartphone games but is seeing the deep wealth of its franchise characters pay off with the success of "Pokemon Go," even without a launch yet in Japan.
The windfall of what one financial analyst dubs "Pokenomics" could help reverse Nintendo's fortunes, although some think its impact on the company's revenues will be limited because the game is free apart from certain revenue-earning features.
NEW YORK (AP) — Federal regulators closed an investigation of the nutritional supplements company Herbalife, which has for years been dogged by accusations that it is an elaborate pyramid scheme.
SEOUL, South Korea (AP) — Samsung Electronics said Friday it is in talks to buy shares of Chinese electric car maker BYD in the latest tech-auto collaboration.
The move is the latest partnership between tech companies and auto firms as vehicles are revamped with connectivity and technology.
Olympics marketers from Coca-Cola to Samsung are pulling out all the stops this summer, stuffing scores of athletes into ads and telling tearjerker stories.
NEW YORK (AP) — Citigroup's earnings fell 17 percent in the second quarter, hurt by weak results in consumer banking as interest rates remain extremely low, making lending less profitable.
NEW YORK (AP) — Consumer banking giant Wells Fargo said its second-quarter earnings fell 3 percent from a year ago as the bank continues to feel pressure from low interest rates.
(AP) — The family of a Florida woman who became a quadriplegic after the deployment of an air bag in her car has reached an out-of-court settlement with the air bag's manufacturer.
Brent crude, a standard for international oil prices, climbed 24 cents to $47.61 a barrel.
In other energy trading in New York, wholesale gasoline rose 1 cent to $1.42 a gallon, heating oil fell 1 cent to $1.40 a gallon and natural gas rose 3 cents to $2.76 per 1,000 cubic feet.