Mecom Ad Revenue Drops, Shares Dip
Mecom Group plc., the London-based newspaper publishing company, has seen its ad revenue drop, resulting in shares being driven down in early trading. After the stricken European publisher reported...
View ArticleBoeing 787 Batteries Being Modified
Boeing has recently been all around the news with a scandal surrounding the accidents of its flawed aircraft Boeing 787 batteries. Technicians and engineers will modify the battery systems of 50 787...
View ArticleLloyds and RBS Banking Group Don’t Need Fresh Capital from Investors
On the 22nd of May, representatives of Lloyds Banking Group and RBS Banking Group announced that they would not have to ask investors for fresh capital. The two have already discussed their financial...
View ArticleHartford selling UK variable annuity business
Warren Buffett's Berkshire Hathaway Inc. is buying The Hartford's British variable annuity business for about $285 million.
View ArticleJapan business turns positive after almost 2 years
Business sentiment among major Japanese manufacturers turned positive for the first time in nearly two years.
View ArticleTribune bulks up in broadcasting in $2.73B deal
LOS ANGELES (AP) — Tribune Co. on Monday announced a deal to buy Local TV and its 19 TV stations for $2.73 billion. The acquisition makes the media conglomerate the nation’s No. 1 local TV broadcaster...
View ArticleUS factory orders rise 2.1 percent in May
Orders to U.S. factories rose in May, helped by a third straight month of stronger business investment. The gains suggest manufacturing may be picking up after a weak start to the year.
View ArticleCritics sue to block American-US Airways merger
Opponents of the proposed merger of American Airlines and US Airways filed a lawsuit Tuesday to block the deal, claiming it would hurt consumers by driving up airfares.
View ArticleSF Bay area rail strike continues on 4th of July
Strike weary San Francisco Bay area commuters are getting a reprieve from crammed buses and bumper-to-bumper traffic thanks to the Fourth of July holiday as rail workers begin their fourth day of a...
View ArticleRegulators name AIG, GE Capital potential risks
U.S. regulators have labeled insurer American International Group Inc. and General Electric Co.'s finance arm as potential threats to the financial system.
View ArticleChile court rules for Indians against Barrick Gold
A Chilean appeals court ruled against the world's largest gold mining company on Monday, favoring Chilean Indians who accuse Barrick Gold Corp. of contaminating their water downstream.
View ArticleWal-Mart faceoff with DC fuels minimum wage debate
The standoff between Wal-Mart and Washington officials over the city's effort to impose a higher minimum wage on big-box retailers is fueling a wider debate.
View ArticleSpain’s financial crisis gobbling up top eateries
Spain's bitter financial crisis is eating away at the country's high-end restaurant scene, with the owners of another top establishment saying it will have to close at the end of August.
View ArticleDaimler profits jump on EADS stake sale
Automaker Daimler AG is reporting a big jump in net profit in the second quarter thanks to gains from selling its stake in aerospace firm EADS.
View ArticleUnited Continental boosts 2Q earnings 38 pct.
The parent of United Airlines says its profit rose 38 percent even though it flew less in the second quarter.
View ArticleZynga’s 2Q losses narrow as company slashes costs
Zynga relied on mass layoffs and other cost-cutting to trim its second-quarter losses as the troubled company struggled to come up with compelling games to play on smartphones and tablet computers.
View ArticleSwitzerland’s UBS to buy back risky asset fund
Swiss bank UBS says it plans to buy back a fund set up during the 2008 financial crisis into which it offloaded high-risk assets.
View ArticleAirbus parent reports higher H1 profit
The parent company of European jet maker Airbus says its profit soared in the first half and it has announced a corporate shakeup to give new prominence to its civil aviation division.
View ArticleFacebook Passes $38 IPO Price, Ends Lower
If redemption comes in the form of a stock price, then Facebook may have redeemed itself. Shares in the social networking website passed $38 for the first time.
View ArticleCan Amazon CEO Ship Online Savvy to Wash. Post?
Bezos puzzled over how to reverse the financial slide threatening The Washington Post and other major U.S. Newspapers.
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