NEW YORK

Two states sue BNY Mellon over FX trades

IBTimes Logo
Bank of New York Mellon (BK.N) was sued by two U.S. states on Thursday over allegations that the company overcharged pension funds on foreign exchange transactions.

O'Charley's sees food costs eating into margins, shares down

IBTimes Logo
O'Charley's Inc said it sees increased food and beverage costs -- mainly from higher beef prices -- continuing to weigh on its margins, and the casual dining chain posted a wider-than-expected quarterly loss, sending its shares down to their lowest in more than two years.
U.S. President Barack Obama

Obama vows new ideas to boost jobs, slams Congress

President Barack Obama distanced himself from a deeply divided U.S. Congress on Thursday, pledging to deliver fresh ideas to create jobs and slamming lawmakers for "bickering" that gets in the way of recovery.
More news
IBTimes Logo

Brinker, Wendy's up after profit reports

Brinker International Inc (EAT.N) reported quarterly profit that was slightly higher than Wall Street expectations, as more patrons visited its Chili's Grill & Bar chain, and its shares jumped nearly 7 percent.
The Wendy's signage is pictured at a Wendy's restaurant in Westminster, Colorado

Wendy's profit matches Street, shares up

Wendy's Co (WEN.N), the third-largest U.S. fast-food hamburger chain, reported quarterly profit from continuing operations that matched Wall Street's view on Thursday, and shares rose nearly 2 percent.
IBTimes Logo

Falcon Hypersonic Aircraft Launched, But Loses Contact with DARPA

A Minotaur IV Lite rocket lifted off with the Falcon Hypersonic Technology Vehicle 2 Thursday morning from Vandenberg Air Force Base in California, successfully released the aircraft and entered the mission's glide phase. But contact with the plane has been lost.
Qatar's Prime Minister Sheikh Hamad bin Jassim bin Jaber al-Thani and U.A.E. Foreign Minister Sheikh Abdullah bin Zayed al-Nahayan

How Gulf Sheikhs Will Inherit the Earth

While the rest of the world spirals into a debt-filled economic abyss, ultra-wealthy Persian Gulf states like Qatar and Kuwait are propped up by the high prices of crude oil and natural gas.

Pages

IBT Spotlight

We Help Businesses Find B2B Service Providers They Can Trust.