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U.S. markets news

Glencore Profit Tumbles 66% After Metal and Coal Price Rout
Glencore Plc, the miner and commodity trader run by billionaire Ivan Glasenberg, reported a 66 percent drop in first-half profit on lower raw-materials prices.
Glencore Reports Narrower Loss, Cuts Debt  Wall Street Journal
Glencore Shares Fall After First-Half Income Tumbles 66%
New York Times  
Tesla punches up battery life, range and speed for new Model S, Model X
Tesla's new battery pack is all about going the distance, and going faster than any mass-produced car has ever gone. Tesla announced new versions of its Model S sedan and Model X crossover Tuesday, with substantially faster acceleration and longer ...
Here's How the New Teslas Stack Up Against Bugatti, Lamborghini, and Ferrari  Bloomberg
Tesla Packs More Energy Into Its Electric Car Batteries  Fortune
AstraZeneca Sells Part of Antibiotics Business to Pfizer for Up to $1.575 Billion
LONDON— AstraZeneca AZN -0.06 % PLC has agreed to sell part of its antibiotics business to Pfizer Inc. PFE 0.72 % for up to $1.575 billion plus royalties.
It didn't get the whole package, but Pfizer will pay $1.5B for AZ's ...  FierceBiotech
Pfizer to buy antibiotics business from AstraZeneca  Reuters
Qantas Soars to Record Profit as Pain Pays Dividend
SYDNEY—A first dividend payment in seven years marks a big turnaround for Qantas Airways Ltd. QAN 1.47 % , which as recently as 2014 had been selling terminals, deferring plane orders and laying off staff to stem losses from a bruising battle for ...
A Lesson for Qantas From Steve Jobs  Bloomberg
Qantas reinstates dividend, plans share buyback  MarketWatch
Tourism to Paris Slumps After Attacks, Strikes, Floods
PARIS - Fewer foreign tourists are visiting the Paris region after deadly attacks last year and a season of strikes, violent labor action and exceptional floods.
French Olympic athletes honored; Paris 2024 bid in mind  Washington Post
Terror attacks and strikes cost Paris €750m  Irish Independent
As Energy Use Rises, Corporations Turn to Their Own Green Utility Sources
A worker helps install new solar panels at a First Solar plant outside Cholame, Calif. Apple will purchase the electricity generated by the plant to power its stores in California.
Why Tech Companies Want a Piece Of The Renewables Pie  CleanTechnica
Top regulator: Arizona should double solar, wind power
Soda consumption falls in Berkeley after sugar tax
Consumption of soda and other sugary drinks fell by more than a fifth in low-income neighborhoods of Berkeley after the California city became the first in the U.S.
Berkeley sees a big drop in soda consumption after penny-per-ounce 'soda ...  Los Angeles Times
Report: First-in-The-Nation Soda Tax Cuts Consumption of Sugary Drinks in ...  KTLA
Apollo Paid Itself Some Fees and Gave Itself Some Loans
Matt Levine is a Bloomberg View columnist. He was an editor of Dealbreaker, an investment banker at Goldman Sachs, a mergers and acquisitions lawyer at Wachtell, Lipton, Rosen & Katz and a clerk for the U.S.
Apollo to pay $52M for misleading investors on fees  New York Post
Apollo Global settles securities case as SEC issues $53 million fine  The Boston Globe
'They'll kill for it': Ramen has become the black-market currency in American ...
Boxes of Ramen noodles were among the last remaining dry goods on Sister Carmen Community Center shelves on Tuesday. By The Associated Press.
Cooking with ramen: Prisoners get creative  BBC News
Food has gotten so bad at one prison that inmates are using ramen noodles as ...  Business Insider
Jawbone fails to block Fitbit from the US in court case
Jawbone has failed in a legal bid to block rival Fitbit from operating in the United States, after a US International Trade Commission judge ruled that Fitbit had not stolen trade secrets from the manufacturer.
Fitbit Wins First Round in Jawbone Trade Secrets Case  Bloomberg
U.S. judge clears Fitbit of stealing Jawbone's trade secrets  VentureBeat