Ferrari lowers guidance after 2nd quarter profits nearly wiped out
MILAN — Italian sportscar maker Ferrari lowered its full year earnings guidance today after reporting second-quarter profits were nearly wiped out by temporary halts in…
AP Wire
Google, ADT partnering on home security products
Google is pairing its Nest smart home technology with ADT and buying a stake in the home security company. Google’s Nest hardware will be integrated…
Retail rout goes on, Lord & Taylor, Tailored Brands, falter
NEW YORK — Lord & Taylor, America’s oldest retailer, is seeking bankruptcy protection, as is the owner of Men’s Wearhouse and Jos. A. Banks, lengthening…
Pompeo says Trump to take broad action on Chinese software
NEW YORK — President Donald Trump plans to take action on a what he sees as a broad array of national security risks presented by…
Tech Q&A
Question: When a website requires me to change a password that I’ve forgotten, the website often says it will send me a message. The message…
Wages and benefits grow at slowest pace in 3 years
WASHINGTON — Wages and benefits for U.S. workers rose at the slowest pace in three years in the April-June quarter, a sign that businesses are…
US consumer spending up 5.6%, but virus could stall gains
WASHINGTON — American consumers increased their spending in June by a solid 5.6%, helping regain some of record plunge that occurred after the coronavirus struck…
Fiat Chrysler muscles through, green shoots in North America
DETROIT — Fiat Chrysler overcame coronavirus-related factory shutdowns to post losses that were not as bad as feared, and the company predicted improvement for the…
Caterpillar sales weaken but 2nd quarter results top Street
Caterpillar’s sales tumbled 31% in the second quarter as dealers culled construction equipment from showrooms during the pandemic. Dealers decreased machine and engine inventories by…
Exxon lost $1 billion in second quarter as oil use dries up
NEW YORK — Exxon lost $1.1 billion in the second quarter, its economic pain deepening as the pandemic kept households on lockdown, diminishing the need…