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WEDNESDAY, JULY 27, 2016

Coca-Cola cuts sales outlook amid weak international demand

ATLANTA – Coca-Cola trimmed its sales outlook for the year Wednesday, citing weakening demand in major international markets including China and part of South America. The world’s biggest soda maker said its global volume for the second quarter was flat from a year ago, dragged down by poor results in some areas outside the United States. The maker of Fanta, Sprite and Powerade said it sold more non-carbonated drinks, but less soda.

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TUESDAY, JULY 26, 2016




Anheuser-Busch InBev ups offer for SABMiller after Brexit pound slump

LONDON – Budweiser maker Anheuser-Busch InBev increased its cash offer for SABMiller to 45 pounds ($58.98) per share to blunt a revolt by investors who had seen the relative value of their payout plummet as the pound declined following Britain’s vote to leave the European Union. AB InBev on Tuesday sweetened its bid by one pound a share to appease smaller investors who complained that they were now receiving less for their shares than SABMiller’s two biggest shareholders, who were offered a cash-and-share deal. The new offer values the transaction at 79 billion pounds.

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Caterpillar 2Q results beat expectations, cuts 2016 profit outlook

Caterpillar’s second-quarter performance beat Wall Street’s expectations, despite weakness in the mining and oil and gas industries. But the company lowered its full-year adjusted profit guidance again, saying global economic growth remains subdued and isn’t sufficient to drive improvement in most of the industries and markets it serves.

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Verizon 2Q profit hurt by strike; revenue disappoints

NEW YORK – Verizon Communications said Tuesday that a strike by 40,000 employees hurt its results in the second quarter, and the company’s revenue fell short of analyst projections. The largest U.S. cellphone carrier’s profits were hurt by a series ...

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Home prices rise at steady pace as sales heat up

WASHINGTON – U.S. home prices extended their steady upward march in May, spurred by rising sales and a dwindling supply of available houses. The Standard & Poor’s CoreLogic Case-Shiller 20-city home price index increased 5.2 percent in May compared with ...

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Survey: American consumers’ confidence remains steady

WASHINGTON – American consumers are feeling confident about current economic conditions but are a bit warier about the future. The Conference Board said Tuesday that its consumer confidence index was essentially unchanged in July, dipping to 97.3 from a revised 97.4 in June. The business group’s index includes consumers’ assessment of the economy now and what they expect over the next six months. Their view of today’s economy rose to the highest level since September, but their outlook slipped.

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This Tuesday, June 28, 2016, photo shows a McDonald’s sign in Miami. (Alan Diaz / Associated Press)

McDonald’s U.S. sales disappoint amid turnaround efforts

NEW YORK – McDonald’s reported disappointing sales growth in the United States for the second quarter on Tuesday as the world’s biggest burger chain keeps touting its all-day breakfast menu amid its turnaround efforts. Shares were down 3 percent before the opening bell.

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MONDAY, JULY 25, 2016

Turkish Airlines fires 211 employees following coup attempt

ANKARA, Turkey – Turkish Airlines said it has terminated the contracts of 211 employees, joining a government purge of people suspected of links to a U.S.-based cleric whom authorities accuse of orchestrating Turkey’s failed coup. The national carrier said Monday the contracts were canceled due to “nonfulfillment of performance standards” and in line with the “necessary actions” the company was taking against Fethullah Gulen’s movement.

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Starbucks shuffles management; new role for Americas head

NEW YORK – Starbucks is shuffling its management, including a new role for the executive who headed its flagship Americas unit for eight years. The move comes after the unit reported disappointing sales growth last week, though the coffee chain said the two are unrelated.

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Report: ‘Brexit’ move raises risks to U.S. financial stability

WASHINGTON – Britain’s decision to quit the European Union has elevated the risks to U.S. financial stability, though they remain moderate, U.S. Treasury Department experts say. The report issued Monday by Treasury’s Office of Financial Research comes a day after global finance officials promised to protect the world economy from the shockwaves of Britain’s “Brexit” referendum last month and to boost sluggish growth.

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Hecla drops bid to take over Dolly Varden Silver

Hecla Mining Co. has dropped its bid to take over Dolly Varden Silver Corp., a small Canadian company with mining properties in British Columbia. Hecla President and CEO Phil Baker said in a news release Monday that the decision is ...

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The Dirt

Here's the dirt

See the latest new construction, business openings and closures and progress on ongoing projects here.


Blogs

Political geeks may love new elections website

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Weekend Wild Card — 7.30-31.16

I scratched another back yard honey-do off my list this weekend already by finishing another one of those projects that had been on the waiting list for years. It involved ...





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