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Operating Earnings Rise 12% at Boeing
The company increased its profit outlook for the year as its first-quarter revenue rose. Net income, however, fell 13 percent after a shift in the company?s pension plan.
Thu, 24 Apr 2014 02:50:59 GMT
Business Briefing: Canada to Phase Out Rail Cars Tied to Deadly Quebec Fire
Canada will require that older rail cars used for carrying crude oil be phased out by May 2017, the government said on Wednesday, moving ahead of the United States.
Thu, 24 Apr 2014 01:50:01 GMT
Facebook Profit Tripled in First Quarter
The company reported 1.28 billion monthly users, most on mobile devices, and easily exceeded analysts? expectations for revenue and profit.
Thu, 24 Apr 2014 00:45:02 GMT
As Wine Fetches Staggering Sums, Fakery Claims Rise
Connoisseurs driving up the prices of rare and collectible wines have spurred a wave of counterfeiters who target collectors eager to flaunt their trophies.
Thu, 24 Apr 2014 00:43:43 GMT
Apple?s Profit Still Climbs, but Pressure is Growing
The increase was small compared with huge growth the company had even just a few years ago. Apple also announced a stock split and expanded its buybacks.
Thu, 24 Apr 2014 00:40:19 GMT
Tech Sector Brightens as Apple Jumps 8 Percent
Asian markets could get a lift on Thursday after tech heavyweights Apple and Facebook beat Wall Street expectations, sending their stock up sharply and boosting Nasdaq futures.
Wed, 23 Apr 2014 23:54:19 GMT
Felix Salmon to Take On Web-Based Role at Fusion
Mr. Salmon, a prominent writer on finance who is leaving Reuters, will take up a web-based role at Fusion that runs across multiple media.
Wed, 23 Apr 2014 21:01:54 GMT
DealBook: Numericable Raises $10.9 Billion in Junk Bond Offering
The junk bond offering by Numericable, the French cable unit of Altice, is the largest in history and will help finance the acquisition of Vivendi?s mobile unit, SFR.
Wed, 23 Apr 2014 18:16:23 GMT
Euro Zone Deficit Hits Target for First Time Since 2008
While the data was a bright spot, the euro zone?s total debt rose to 92.6 percent of gross domestic product ? well above the 60 percent target.
Wed, 23 Apr 2014 17:15:03 GMT
DealBook: Top Italian Banks Tap Private Equity for Help With Troubled Loans
UniCredit and Intesa Sanpaolo have signed a memorandum of understanding ?to optimize the performance and maximize the value? of a portfolio of corporate loans facing restructuring.
Wed, 23 Apr 2014 17:09:45 GMT
DealBook: Appeal Judges Hint at Doubts in Insider Case
A panel signaled it might overturn the convictions of two former traders, which would represent a crack in a campaign by Preet Bharara, the U.S. attorney in Manhattan, against insider trading at hedge funds.
Wed, 23 Apr 2014 17:07:43 GMT
At Intersection of Wealth and Power: Degrees of Influence Peddling in China and U.S.
Two recent articles show the differences ? and the similarities ? of how favors and connections are used by the powerful.
Wed, 23 Apr 2014 13:46:01 GMT
Australia to Bolster Air Force With More Lockheed Jets
The country will buy 58 more F-35 fighter jets for $11.6 billion, in a deal the prime minister called one of Australia?s largest military purchases.
Wed, 23 Apr 2014 12:36:24 GMT
Special Report: Business of Green: Glaciers Under Siege, Sculptor Turns to Possibilities of the Desert
SunGlacier, a leaf-shaped sculpture by the Dutch artist Ap Verhaggen, has a built-in solar-powered refrigerator that produces water by freezing moisture from hot desert air.
Wed, 23 Apr 2014 12:25:50 GMT
Special Report: Business of Green: The Economic and Environmental Costs of Wasted Food
Around the world, there is increasing awareness of the resources squandered to produce food that is never eaten.
Wed, 23 Apr 2014 12:18:53 GMT
DealBook: Novartis and Glaxo Agree to Trade $20 Billion in Assets
The deals, which come amid recent eye-popping transactions in the drug industry, include buying the cancer drug business of its British rival GlaxoSmithKline for up to $16 billion.
Wed, 23 Apr 2014 11:59:38 GMT
Recovery in Euro Zone Gathers Pace
Business activity in the 18 nations that use the common currency expanded in April at its fastest rate in nearly three years, according to a private sector survey.
Wed, 23 Apr 2014 09:07:26 GMT
Business Briefing: McDonald?s Profit Declines as U.S. Sales Weaken
McDonald?s said Tuesday that its profit slipped in the first quarter as global sales remained weak for the world?s biggest hamburger chain.
Wed, 23 Apr 2014 02:05:05 GMT
DealBook: Seeking the Right Chemistry, Drug Makers Hunt for Mergers
The offer for Allergan by William A. Ackman and Valeant Pharmaceuticals marks an unusual pairing of activist investor and corporate buyer that could reshape the deal landscape.
Wed, 23 Apr 2014 02:01:06 GMT
Sherpas Move to Shut Everest in Labor Fight
Last week?s deadly avalanche has prompted Mount Everest?s Sherpas to threaten to cancel the season unless the government shares proceeds from what has become a multimillion-dollar industry.
Wed, 23 Apr 2014 01:15:24 GMT
New York?s Case Against Airbnb Is Argued in Albany
Little ground was given in an Albany court by New York regulators or by Airbnb, the apartment sharing service that is fighting a state subpoena.
Wed, 23 Apr 2014 01:02:43 GMT
G.M. Seeks to Fend Off Lawsuits Over Switch
The company asked a federal bankruptcy judge to dismiss dozens of lawsuits over its handling of a defective ignition switch in millions of cars, and to bar similar cases in the future.
Wed, 23 Apr 2014 00:47:30 GMT
Pakistan Is Asked to Shut Down News Channel
The Defense Ministry asked the government to close the country?s largest television news station, whose anchorman was shot on Saturday.
Tue, 22 Apr 2014 23:43:28 GMT
JetBlue Airways? Pilots Vote to Join Union
Pilots at JetBlue, after rejecting unionization twice, agreed to be represented by the Air Line Pilots Association.
Tue, 22 Apr 2014 23:25:53 GMT
Deals and Solid Earnings Lift Shares
The proposed deal for Allergan, the maker of Botox, and some respectable earnings reports helped the three major indexes rise again.
Tue, 22 Apr 2014 23:03:03 GMT
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