Business News
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United Airlines orders 150 Boeing 737s
Tweet Share on Facebook 4:28PM July 12, 2012 CommentUnited Airlines ordered 150 Boeing 737s on Thursday, a big win for the jet-maker and a clear sign that the world's largest airline is shifting increasingly toward Boeing planes.
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US government records $904.2B deficit through June
Tweet Share on Facebook 3:32PM July 12, 2012 CommentWASHINGTON (AP) — The U.S. budget deficit grew by nearly $60 billion in June, remaining on track to exceed $1 trillion for the fourth straight year.
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4 questions for JPMorgan during Friday report
Tweet Share on Facebook 2:56PM July 12, 2012 CommentNEW YORK (AP) — JPMorgan Chase and its CEO, Jamie Dimon, have some explaining to do.
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Buffett says general economy slowing this summer
Tweet Share on Facebook 2:49PM July 12, 2012 CommentOMAHA, Neb. (AP) — Billionaire investor Warren Buffett said Thursday that U.S. economic growth has slowed in the last two months as fears about Europe's debt woes mounted.
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FDA plans database for identifying foodborne germs
Tweet Share on Facebook 2:23PM July 12, 2012 CommentWASHINGTON (AP) — The Food and Drug Administration plans to create a database of 100,000 foodborne germs in an effort to speed up the government's response to outbreaks of salmonella, E. coli and other food-related diseases.
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Yahoo Confirms Theft of 450,000 Users' Passwords
Tweet Share on Facebook 2:18PM July 12, 2012 Comment
Yahoo! headquarters in Sunnyvale, California.
LONDON (AP) — Some 450,000 Yahoo users' email addresses and passwords have been leaked because of a security breach, the company confirmed Thursday, adding that just a small fraction of the stolen passwords were valid.
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Boeing claws back ground lost to Airbus
Tweet Share on Facebook 1:19PM July 12, 2012 CommentFARNBOROUGH, England (AP) — Boeing beat Airbus in the aircraft order stakes at this year's Farnborough Airshow, booking potential deals worth more than double the size of its European archrival.
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WikiLeaks gets court victory in fight against Visa
Tweet Share on Facebook 12:56PM July 12, 2012 CommentLONDON (AP) — WikiLeaks declared victory Thursday in the first round of its campaign against the financial blockade imposed by Visa and MasterCard after an Icelandic court ordered their local partner to resume processing credit card donations to the secret-spilling site.
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Oil Price Falls On Concerns About Global Economy
Tweet Share on Facebook 12:12PM July 12, 2012 Comment
Oil pumps in Texas.
NEW YORK (AP) — The price of oil has been on a bumpy ride, changing direction almost every day this month as the economy sputtered along.
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Vote on Xstrata, Glencore merger set for Sept. 7
Tweet Share on Facebook 11:43AM July 12, 2012 CommentGENEVA (AP) — Anglo-Swiss mining group Xstrata PLC says it has rescheduled a shareholder vote on its proposed merger with commodities trading giant Glencore International PLC until Sept. 7.
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All Eyes On JPMorgan As Banks Report Earnings
Tweet Share on Facebook 10:14AM July 12, 2012 Comment
Men walk out of JP Morgan Chase & Co headquarters in New York City.
NEW YORK (AP) — It's been a scandal-filled few months for banks.
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UK customers of O2 hit by outage
Tweet Share on Facebook 10:12AM July 12, 2012 CommentLONDON (AP) — British mobile phone company O2 said Thursday that its 2G and 3G services had been restored following a breakdown which affected some customers for 24 hours.
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US 30-year mortgage rate drops to record 3.56 pct.
Tweet Share on Facebook 10:11AM July 12, 2012 CommentWASHINGTON (AP) — Average U.S. rates on fixed mortgages fell again to record lows, giving would-be buyers more incentive to brave the housing market.
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Data Firm: Global spending On Drugs Slow Through 2016
Tweet Share on Facebook 9:32AM July 12, 2012 Comment
Prescription drug bottle over U.S. cash
TRENTON, N.J. (AP) — Growth in global spending on medications will slow markedly over the next four years due to a slew of new low-cost generic drugs coming to pharmacies in the U.S. and other developed countries, along with slower increases in what those countries spend on brand-name drugs, according to a new forecast.
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U.S. Jobless Claims Plunge to Lowest in 4 Years
Tweet Share on Facebook 9:28AM July 12, 2012 Comment
Job seekers have their resumes reviewed at a job fair expo in Anaheim, Calif.
WASHINGTON (AP) — The number of people seeking U.S. unemployment benefits plunged last week to the lowest level in four years.
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French Total wins gas drilling tender
Tweet Share on Facebook 8:16AM July 12, 2012 CommentSOFIA, Bulgaria (AP) — Bulgaria's government says it has chosen French oil company Total to explore a gas field off the country's Black Sea coast.
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Spanish bond yields up despite austerity measures
Tweet Share on Facebook 8:03AM July 12, 2012 CommentMADRID (AP) — The Spanish government's latest round of austerity measures failed to reassure investors and markets Thursday as the country's borrowing costs started to rise again.
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Hyundai, Kia unions to stage 8-hour strikes
Tweet Share on Facebook 5:47AM July 12, 2012 CommentSEOUL, South Korea (AP) — Unionized workers at Hyundai Motor Co. and its affiliate Kia Motors Corp. have voted to hold their first strikes in more than three years, demanding higher wages and fewer working hours.
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Greek unemployment rises again
Tweet Share on Facebook 5:19AM July 12, 2012 CommentATHENS, Greece (AP) — Unemployment in Greece has risen yet again, reaching 22.5 percent in April this year, a massive jump from the 16.2 percent in the same month last year, and up from the 22 percent in March.
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ADB cuts growth forecast for developing Asia
Tweet Share on Facebook 5:04AM July 12, 2012 CommentMANILA, Philippines (AP) — The Asian Development Bank cut growth forecast for developing Asia on Thursday, citing Europe's worsening financial crisis, sluggish recovery in the U.S. and slower growth in China and India.
