Consumer Credit Rises Mildly in June
Consumer credit grew by $6.46 billion in June, shy of the $11 billion advance economists expected, and marking the slowest rate in eight months.
Church & Dwight 2nd-Quarter Profit Off 3.3% on Year-Earlier Benefit
Church & Dwight Inc. (CHD) shares fell Tuesday as the company's profit margins slumped in the second-quarter when it sold more of its less-profitable household goods such as laundry detergent while its higher-margin personal-care business struggled.
Chesapeake Energy Shares Rally on Spending Reduction Plans
Investors are cheering the company's plan to stop spending heavily on land and sell $4 billion to $5 billion in assets next year.
Obama Administration Says Will Expedite Renewable Energy Projects
The Obama administration on Tuesday said it will expedite seven renewable energy infrastructure projects to power about 1.5 million homes.
Chile Residential Electricity Bills To Fall 0.3% on Central Grid
Electricity prices for Chilean residents on the central SIC power grid will retroactively decrease an average 0.3% from April, the government's National Energy Commission said Tuesday.
Exterran Completes Sale of Nationalized Venezuelan Assets For $442 Million
Exterran Holdings Inc. (EXH) said its Venezuelan unit has sold assets nationalized in 2009 to Venezuela's state oil company for about $442 million, which it plans to use to repay debt and for general corporate purposes.
Obamacare to Push Pizza Prices Higher
Papa John’s CEO John Schnatter says that Obamacare will increase the cost of each pizza the company sells by 11 to 14 cents.
Brazil Utility Light Names Paulo Pinto CEO,Renews Seven Directors
Brazilian electric utility Light S/A (LIGT3.BR) said Tuesday that the company's board had renewed the contracts of seven directors and named Paulo Roberto Pinto, the company's director of business development, to take over as chief executive.
U.S. July Deficit $71 Billion, CBO Estimates
The U.S. government will record a budget deficit of $71 billion in July, the Congressional Budget Office estimated on Tuesday, bringing the total shortfall to $975 billion for the first 10 months of fiscal 2012.