Nike to stop selling golf equipment

Nike will stop selling golf clubs, balls and bags after years of falling sales at its golf division.But the company said it would "accelerate innovation" in golf footwear and clothes.Nike invested heavily in golf during the late 1990s with its sponsorship ... — Read More

Amazon boss Bezos becomes world's third richest

Strong earnings from Amazon and a boost to the company's stock have made its founder, Jeff Bezos, the world's third richest person, according to Forbes.Mr Bezos owns 18% of Amazon's shares, which rose 2% in trading on Thursday. Forbes estimated his ... — Read More

Amazon to enter student loan business

E-commerce giant Amazon has entered the student loan business, teaming up with US bank Wells Fargo to offer lower interest rates to subscribers of its "Prime Student" services.For an annual fee "Prime Student" gives subscribers discounts, free delivery and access to ... — Read More

Microsoft's cloud unit boosts profits

Microsoft reported substantial growth in its cloud computing unit, which helped to boost quarterly profits.The software giant posted a $3.1bn (£2.4bn) profit for the three months to June.That was far better than the $3.2bn loss for the same period last year ... — Read More

Citigroup quarterly profits slide

Citigroup's profits fell in the second quarter because of weakness at its consumer banking business.The 14% fall in net income to $4bn (£3bn) was not as bad as feared. In June, chief executive Michael Corbat warned of a 25% fall in ... — Read More

US election 2016: Bernie Sanders endorses Hillary Clinton

Presumptive Democratic presidential nominee Hillary Clinton has received an endorsement from her former rival Bernie Sanders.The Vermont senator and former Democratic presidential candidate is appearing with Mrs Clinton at a campaign event in New Hampshire.Mrs Clinton and Mr Sanders have been ... — Read More

US congress to put limits on ex-presidents' budgets

On Friday the US congress voted to place limits on expense accounts allotted to former presidents.These accounts cover travel, staff and office costs.The new bill caps spending at $200,000 (£154,381) and reduces it further if the former president has made over ... — Read More

US job creation rebounds strongly in June

The US economy created 287,000 jobs in June, rebounding strongly from disappointing growth in May.The figure was much stronger than forecast, and the dollar and yields on US government bonds rose in the belief a US rate rise was now more ... — Read More

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