Boeing CEO Jim McNerney told employees on Tuesday that while the production strategy for the 787 Dreamliner is fundamentally sound, the company expects to modify its approach somewhat on future programs.
News Corp. plans to buy Long Island's Newsday newspaper which belongs to Tribune Co. for $580 million, anonymous sources said today.
Fast-food company Yum Brands Inc. reported a 31 percent jump in first-quarter profit on Tuesday, citing robust growth in its China and international divisions and steady results in the U.S.
Corn rallied following a government report that said seeding of grain in the U.S. is slower than expected, and a forecast for wet weather in the main growing region signaled a further delay in planting.
Sony BMG revealed on Tuesday that it will join Universal Music Group in a partnership that will allow users of certain mobile phones to access its entire music catalog by the end of the year.
Soaring fuel prices led three of the largest U.S. airlines to report substantial quarterly losses on Tuesday, with UAL Corp, parent of United Airlines, posting its largest loss since in two years and will shrink its domestic business this year, in line with plans at other airlines.
Crude prices surpassed $119 a barrel on Tuesday as a labor clash in a refinery in Scotland and Nigeria output disruptions raised fears that demand will soar.
By P S ZiadMUMBAI: Gold is playing a decisive role in the present economic scenario as inflation and recession have eaten the vital parts of every country s economy.
U.S. stocks fell for a second day on Tuesday, after a batch of disappointing results was released, including microchip maker Texas Instruments Inc, health insurer UnitedHealth Group Inc and Coach Inc., which increased concerns about the health of the economy.
McDonald's Corp. reported better than expected profit growth for the first quarter on Tuesday on rising global sales. The Oak Brook, Illinois-based fast food company earned $946 million, compared with $762.4 million a year earlier.
Dollar fell against the Euro on Monday due to the unexpectedly weak result from the Bank of America which dampened the investors in the banking sector and also renewed concerns about the US economy.
By Jon NadlerMetals prices remained within fairly tight ranges overnight as little demand emerged from Asia around the $910 level. The US dollar once again came very close to the critical 1.60 mark against the euro, while crude oil scaled new peaks above $118 spurred by labour problems in the UK and...
By Bill BonnerAmericans could reap without planting. They could consume without earning. They could invest without saving, and spend as much as they wanted without running out of money
By Julian D W PhillipsA derivative is a paper instrument founded on an asset. Its value is derived from that underlying asset, and it can be a purchase or sale of a commodity in the future
Scottish and Southern Energy Plc (SSE) announced on Monday that it had bought a 21 per cent stake in Logan Energy Limited at a cost of £375,000 plus goodwill brought to the new business.
Copper prices closed with losses on Monday in New York as fears that record highs above $4 a pound posted on last week trading, could decrease Chinese demand.
New York Mayor Michael Bloomberg, who is also the founder of financial news and data company Bloomberg L.P., denied reports released Monday that he is interested in buying The New York Times.
McDonald's Corp. expects to show a quarterly profit on Tuesday buoyed by growing global as sales as investors watch closely to see how the U.S. economic downturn has affected the biggest food retailer by revenue.
The world's biggest toy makers posted contrasting quarterly results on Monday, with Hasbro Inc. reporting strong profit, while rising costs and legal expenses left Mattel Inc's with a first quarter loss.
Treasuries fell on Monday on concerns that investors will move away from buying government debt as expectations for additional interest rate cuts by the Federal Reserve diminish.
The dollar fell against the euro on Monday after Bank of America reported a bigger than expected plunge in profit and a European Central Banker dashed hopes for a euro interest rate cut soon.
Gold futures closed with a subtle gain on Monday, as a drop in the dollar revived demand for the precious metal as a hedge against losses in the U.S. currency.
