Thursday, July 31, 2014
Inquirer Daily News


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The Street: World Wrestling Entertainment's plans to get its transformational WWE Network to 1.4 million subscribers has caused the company to cut 7% of its staff and change how it rolls out the network. At the end of the second quarter, the WWE Network had 700,000 subscribers, a net add of just 33,000 since Wrestlemania 30 in April.
U.S. stocks are sharply lower following weak corporate earnings. Exxon Mobil and Whole Foods slumped.
At the end of each week, Federal Donuts - which has a menu exclusively featuring donuts, fried chicken, and coffee - disposes of the useless backs and bones of chickens. It amounts to about 1,000 pounds of waste per week. But in the next few months, Federal Donuts will reduce its waste, using the byproduct to found a new restaurant called Rooster Soup Co.
A five-mile stretch of trolley tracks running from University City to City Hall will be shut down for more than two weeks as SEPTA makes improvements on the line.
The Street: Plenty of businesses reward customer loyalty. Plenty of businesses reward customer loyalty. Last week TD Bank Canada decided to up the ante and show its appreciation with Automated Thanking Machines.
The Street: U.S. Giorgio Armani fans will soon have an entirely new way to indulge in the fashion icon's legendary sense of style. The Armani Group recently announced it is breaking ground on its first residential development in the United States.
The Street: There is absolutely no reason the league should continue to give DirecTV exclusive rights to one of its most potentially lucrative television properties - especially with so many other options at its disposal.
The Street: The year is only a bit more than half over, but auto enthusiasts are already looking forward to these five models showing up in U.S. dealerships for 2015.
The Street: Rebecca Mairone was a mid-level Countrywide executive in a hurry when the housing market was booming. And that life choice has cost her $1 million, and a public shaming.
The Street: At Stockpickr, we track the top holdings of a variety of high-profile investors, such as Warren Buffett and Carl Icahn. One of our most popular professional portfolios is that of George Soros' Soros Fund Management.
The Street: At Stockpickr, we track the top holdings of a variety of high-profile investors, such as George Soros and Carl Icahn. It should come as no surprise that the most popular of these portfolios is that of renowned investor Warren Buffett, CEO of Berkshire Hathaway and one of the richest people in the world.
NEW YORK (AP) - Kellogg's cereal sales are struggling, in part because Special K is falling out of fashion with dieters.
WASHINGTON (AP) - For millions of workers, happy days aren't quite here again.
SAN JUAN, Puerto Rico (AP) - New York's Federal Reserve Bank released a report Thursday in which it warned that Puerto Rico needs to improve its financial health soon or face what it called a "painful adjustment."
SAN FRANCISCO (AP) - San Francisco Association of Realtors President Betty Taisch has two words of advice for those who want to live here and think $1 million will buy them their dream house: think again.
NEW YORK (AP) - U.S. law enforcement can force Microsoft Corp. to turn over emails it stores in Ireland, a judge ruled in a case that technology companies have rallied around as they pursue billions of dollars in data storage business abroad.
NEW YORK (AP) - T-Mobile US Inc. has another suitor on its hands. Upstart French telecom company Iliad SA on Thursday said it has offered $15 billion for a majority stake in the fourth-largest U.S. cellphone company.
MILAN (AP) - Italian oil and gas company Eni says its second quarter earnings more than doubled thanks to its successful renegotiation of long-term gas supply contracts.
NEW YORK (AP) - Shares of Synchrony Financial are nearly flat in their debut Thursday on the New York Stock Exchange.
A renovation of the Gallery and nearby ventures demands the right tenant mix to be successful.
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