AP Top Business News At 12:50 p.m. EDT

Wal-Mart names new CEO of US discount division
NEW YORK (AP) -- Wal-Mart is replacing the chief of its U.S. discount stores in what could be an indication that it's losing confidence that its largest business unit will rebound after more than a year of disappointing results....

US stocks rise at midday on stronger earnings
NEW YORK (AP) -- U.S. stocks edged higher in midday trading Thursday as investors digested second-quarter results from companies across several industries, including Facebook, Ford and Caterpillar....

IMF cuts US and global growth forecasts for 2014
WASHINGTON (AP) -- The International Monetary Fund foresees the global economy expanding less than it had previously forecast, slowed by weaker growth in the United States, Russia and developing economies....

GM profit 2Q falls 85 pct. on recall costs
DETROIT (AP) -- Recall expenses chopped $1.5 billion from General Motors' bottom line in the second quarter, as it added up the costs of repairs for nearly 30 million cars and set aside funds to compensate victims of small-car crashes....

Ford 2Q net profit up 6 percent to $1.3 billion
DEARBORN, Mich. (AP) -- Ford Motor Co. beat Wall Street's expectations in the second quarter as it chalked up a record profit in North America and made money in Europe for the first time in three years....

United Airlines posts 2Q profit, reversing 1Q loss
CHICAGO (AP) -- United Airlines is making money after a slow start to the year....

US new-home sales plummet in June
WASHINGTON (AP) -- Sales of new U.S. homes plunged in June, a sign that real estate continues to be a weak spot in the economy....

Markets solid amid mixed US economic news
LONDON (AP) -- Markets were solid Thursday as geopolitical tensions largely related to the downing of a Malaysia Airlines jet over Ukraine subsided somewhat and after further upbeat U.S. jobs data was offset somewhat by surprisingly weak homes data....

Dunkin' pushing cashiers to 'upsell' in afternoons
NEW YORK (AP) -- If an iced coffee from Dunkin' Donuts is part of your afternoon routine, expect a nudge to buy a cookie or doughnut you didn't plan on....

Nokia sees brighter future without handset unit
HELSINKI (AP) -- There is life after mobile phones for Nokia....

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Up to the Minute
Wal-Mart names new CEO of US discount division

GM profit 2Q falls 85 pct. on recall costs

Dunkin' pushing cashiers to 'upsell' in afternoons

IMF cuts US and global growth forecasts for 2014

Ford 2Q net profit up 6 percent to $1.3 billion

Union Pacific 2Q profit chugs ahead 17 percent

US new-home sales plummet in June

Average US 30-year mortgage rate at 4.13 pct.

Southwest reports record profit of $465M for 2Q

American Airlines boosts profit on higher revenue


 

 

 



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