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Wall Street gives up gains as Coke, weak oil drag

Wall Street gave up early gains after disappointing earnings from Coca-Cola and weak oil prices offset a boost from Apple.

Recent Business News

Comcast profit drops on film sales, beats Wall Street estimates

NEW YORK Comcast Corp reported a 5 percent drop in quarterly earnings on Wednesday, hurt by lower film division sales, but managed to beat Wall Street expectations due to growth in its business services and high-speed internet units.

12:26pm EDT

Insider trading by ex-banker's father becomes focus in U.S. trial

NEW YORK The relationship between a former Wall Street investment banker charged for insider trading and his father, who traded on information about mergers he learned from him, took center stage at the start of the son's trial on Wednesday.

1:07pm EDT

Coca-Cola's revenue misses on weak China, LatAm markets

Coca-Cola Co reported lower-than-expected quarterly revenue due to weakness in China and certain Latin American economies, and the company warned of no improvement in those markets for the rest of the year. | Video

11:53am EDT

Stay local, act fast: tiny Spanish bank offers survival manual for Italian peers

ONTINYENT, Spain The patient had made an appointment to see the surgeon at his consulting room in the local hospital, but when he arrived, he told Dr Antonio Carbonell he wasn't actually unwell. He wanted to talk about his mortgage.

11:21am EDT

Steve Cohen bets $250 million on firm that uses algorithms

BOSTON Billionaire investor Steven A. Cohen is committing $250 million to a Boston-based investment firm that lets scientists, developers and students submit computerized investment models and then picks the most promising ones to manage the money.

Money, Arts 12:08pm EDT


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