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Buffett says reports that he bought Greek island 'a total fabrication'

2015-07-21 23:11:31| Real Estate - Topix.net

Billionaire investor Warren Buffett said on Tuesday that media reports that he and Italian real estate agent Alessandro Proto together purchased the island of St. Thomas, southwest of Athens, are "a total fabrication." NEW YORK: Billionaire investor Warren Buffett said on Tuesday that media reports that he and Italian real estate agent Alessandro Proto together purchased the island of St. Thomas, southwest of Athens, are "a total fabrication."

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Harley-Davidson reports quarterly profit decline

2015-07-21 19:48:07| Automakers - Topix.net

Wisconsin's Harley-Davidson reports a smaller profit for its last quarter, amid lower foreign sales due to a stronger U.S. dollar. The Milwaukee-based motorcycle legend had a net income of just under $300 million from April through June, down 15 percent from the same time a year ago.

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Verizon Shows Little Sign Of Stress Under Fire, Reports Solid Second Quarter Results

2015-07-21 17:23:50| Telecom - Topix.net

I'm a managing editor at Forbes, overseeing our technology coverage online and in print. I started as a reporter here in 1995 and worked as Midwest bureau chief before returning to NYC as a tech/healthcare editor.

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Verizon reports Q2 growth, driven by mobile, Fios

2015-07-21 15:23:00| Telecompaper Headlines

(Telecompaper) Verizon Communications reported USD 32.22 billion in operating revenue in the second quarter, up 2.4 percent on the second quarter of 2014. The operator said top-line revenue growth was driven by wireless and FiOS, with emerging revenue streams from the IoT and telematics, and continued strong cash flow. Operating profit grew 1.8 percent to USD 7.82 billion and net profit by 0.7 percent to USD 4.35 billion, for a 2 percent increase in basic earnings per common share to USD 1.04. Verizon expects a higher year-over-year revenue growth rate in the third quarter and at least 3 percent growth in the full year, both excluding revenue from AOL, which it acquired in the second quarter. Verizon Wireless had 109.5 million retail connections at the end of June, 4.7 percent more than a year earlier. Postpaid retail customers increased by 1.1 million in the second quarter and by 5.2 percent in a year to 103.7 million at the end of June. Verizon added 72,000 net new FiOS internet connections and 26,000 new FiOS video connections in the quarter to reach 6.8 million and 5.8 million, respectively.

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Royal Mail reports flat revenues

2015-07-21 09:02:42| BBC News | Business | UK Edition

Royal Mail reports flat revenues in the three months to the end of June as UK letter volumes continue to decline.

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