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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...

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Boeing 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...

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Lloyds 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...

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Hartford selling UK variable annuity business

Warren Buffett's Berkshire Hathaway Inc. is buying The Hartford's British variable annuity business for about $285 million.

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Japan business turns positive after almost 2 years

Business sentiment among major Japanese manufacturers turned positive for the first time in nearly two years.

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Tribune 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...

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US 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.

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Critics 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.

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SF 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...

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Regulators 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.

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Chile 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.

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Wal-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.

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Spain’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.

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Daimler 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.

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United 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.

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Zynga’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.

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Switzerland’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.

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Airbus 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.

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Facebook 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.

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Can 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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