WASHINGTON'S LEADING BUSINESS MAGAZINE

Daily Intel

Time to ditch rising stocks, or stick with them?
The bears argue that stocks already reflect years of future profit gains. Remember, though, that even the best investors find it nearly impossible to time the market to catch the lows and highs. The U.S. economy is expected to grow 1.5 percent...
Sep 1, 2014 | 1:01 PM
South American food chains use Florida as US gate
Juan Valdez, a Colombian company named after the fictional coffee farmer used in the country's ads, plans to open 60 franchised cafes in South Florida in the next five years in a fresh attempt to challenge Starbucks on its home turf. "Americans are...
Sep 1, 2014 | 1:01 PM
Splunk, Tesla are big market movers
Shares of the discount retailer fell, even as it reported a second-quarter profit that beat Wall Street expectations. The electric car maker and a state-owned Chinese phone carrier announced plans to build 400 car charging stations in China. The...
Sep 1, 2014 | 1:01 PM
Heineken sells Mexican packaging business to Crown
AMSTERDAM (AP) — Dutch brewer Heineken NV says it has sold its packaging business in Mexico to Crown Holdings Inc. of the U.S. for $1.23 billion (940 million euros) to reduce debt.
Sep 1, 2014 | 1:01 PM
Sony wooing Japanese to PS4 with Dragon Quest
Atsushi Morita, appointed head of Sony Computer Entertainment's Japan operations effective Monday, acknowledged the momentum for the PlayStation 4 in Japan wasn't catching up with the West, although its cumulative global sales reached 10 million...
Sep 1, 2014 | 1:01 PM
Dubai Mall developer Emaar to list on stock market
DUBAI, United Arab Emirates (AP) — Emaar Properties, the developer behind one of the world's largest shopping malls and the world's tallest tower, said Sunday it will launch an initial public offering for part of its retail business in Dubai next...
Sep 1, 2014 | 1:01 PM
Kraft recalls some American Singles cheese
(AP) — Kraft voluntarily recalled 7,691 cases of its American Singles cheese product Friday because an ingredient was stored improperly by a supplier. Kraft Foods Group Inc., which is based in Northfield, Illinois, said the suppler didn't keep the...
Sep 1, 2014 | 1:01 PM
IMF board expresses confidence in Lagarde
WASHINGTON (AP) — The executive board of the International Monetary Fund expressed confidence Friday in IMF Managing Director Christine Lagarde after receiving a briefing on a French corruption probe in which Lagarde is being investigated. Tapie...
Sep 1, 2014 | 1:01 PM
How the Dow Jones industrial average fared Friday
Stocks ended higher Friday, propelling the Standard & Poor's 500 index to its fourth record-high close in five days. Investors weighed better-than-expected company earnings against mixed reports on the U.S. economy. The Nasdaq composite added...
Sep 1, 2014 | 1:01 PM