Business News
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US raises hope of sale of new fighters to Taiwan
Tweet Share on Facebook 11:39PM April 27, 2012 CommentTAIPEI, Taiwan (AP) — The administration of President Barack Obama is raising the possibility that it could sell new jet fighter aircraft to Taiwan to help redress the island's air power deficit with China.
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Regulators close 5 banks in 4 states
Tweet Share on Facebook 9:48PM April 27, 2012 CommentWASHINGTON (AP) — Federal regulators have closed two banks in Maryland and one each in Minnesota, South Carolina and California, bringing to 22 the number of U.S. banks that have failed so far this year.
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Delta CEO sees pay package rise 10 percent
Tweet Share on Facebook 8:32PM April 27, 2012 CommentATLANTA (AP) — Delta Air Lines Inc.'s chief executive, Richard Anderson, received a 10 percent raise in his pay package in 2011, a year when the company's stock price fell by more than a third.
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Boeing rolls out first 787 manufactured in SC
Tweet Share on Facebook 7:48PM April 27, 2012 CommentNORTH CHARLESTON, S.C. (AP) — Boeing rolled out the first jetliner made in the American South on Friday amid fireworks and the cheers of thousands of blue-clad workers shouting "We build jets."
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United Airlines CEO paid more than $13 million
Tweet Share on Facebook 7:48PM April 27, 2012 CommentDALLAS (AP) — Jeffery Smisek helped put together the world's largest airline with the merger of United and Continental, and the company rewarded him by more than tripling his compensation last year to $13.4 million.
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In Alaska, plan to cut oil taxes hits a wall
Tweet Share on Facebook 7:19PM April 27, 2012 CommentJUNEAU, Alaska (AP) — Oil long has been king in Alaska, but the state's Republican governor is having trouble finding support for a tax break he believes is critical to ensuring it remains so.
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Yahoo escalates patent battle with Facebook
Tweet Share on Facebook 6:28PM April 27, 2012 CommentSAN FRANCISCO (AP) — Yahoo is bringing out more artillery in its patent battle with Facebook.
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Goodyear refinancing charges lead to $11M 1Q loss
Tweet Share on Facebook 6:08PM April 27, 2012 CommentCLEVELAND (AP) — Goodyear Tire & Rubber Co. lost $11 million in its first quarter as refinancing charges more than offset the impact of higher revenue.
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Chevron sticks with oil. And it pays off.
Tweet Share on Facebook 6:06PM April 27, 2012 CommentNEW YORK (AP) — Chevron never bought into North America's natural gas boom the way Big Oil peers like Exxon did.
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Procter & Gamble 3Q net income slips
Tweet Share on Facebook 6:04PM April 27, 2012 CommentNEW YORK (AP) — Procter & Gamble Co. said Friday that it is rolling back some price increases and focusing on introducing new products in developed markets as the world's largest consumer product maker seeks to reignite market share growth.
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Growth slowed at year's start but some see rebound
Tweet Share on Facebook 6:02PM April 27, 2012 Comment (1)WASHINGTON (AP) — Don't panic yet. The government reported Friday that the economy got off to a tepid start this year, but that doesn't foreshadow a repeat of the near-standstill that happened in 2011.
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Dow regains ground it lost in April; Amazon surges
Tweet Share on Facebook 5:47PM April 27, 2012 CommentNEW YORK (AP) — It took a while, but the Dow Jones industrial average finally gained back all its losses for the month.
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Ford 1Q earns fall on Europe slump, tax rate
Tweet Share on Facebook 5:41PM April 27, 2012 CommentDEARBORN, Mich. (AP) — Ford Motor Co. has tidied up North America, sweeping out old products and excess costs. But the rest of the world keeps making a mess.
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Samsung coyness puts smartphone crown in dispute
Tweet Share on Facebook 4:53PM April 27, 2012 CommentNEW YORK (AP) — Smartphones are the hottest gadgets in the world. But who's the biggest smartphone maker? We don't really know.
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Amazon, Texas reach deal to settle sales tax spat
Tweet Share on Facebook 4:44PM April 27, 2012 CommentAUSTIN, Texas (AP) — Online retailer Amazon.com reached an agreement with Texas officials Friday to settle a sales tax dispute by expanding operations in the state and starting to collect sales taxes.
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Automakers may have dodged resin shortage threat
Tweet Share on Facebook 3:27PM April 27, 2012 CommentDEARBORN, Mich. (AP) — The auto industry may have steered its way around another crisis, avoiding a second major disruption of its supply chain in a year.
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Natural gas prices rise, benchmark oil up slightly
Tweet Share on Facebook 3:10PM April 27, 2012 CommentBattered natural gas prices are getting a bit of a break as cooler spring weather raises expectations that demand may improve.
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Barclays leadership face rebuke on bonuses
Tweet Share on Facebook 10:10AM April 27, 2012 CommentLONDON (AP) — Barclays executives came under fire Friday from shareholders unhappy over their generous pay packets.
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GDP Growth Pulled Back in First Quarter
Tweet Share on Facebook 9:50AM April 27, 2012 Comment
Money
Economic growth fell from 3.0 percent at the end of last year to 2.2 percent last quarter.
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Q&A: Why proxy season matters
Tweet Share on Facebook 9:48AM April 27, 2012 CommentFor a host of public companies, springtime is when shareholders start speaking of "say on pay," CEOs are forced to face angry investors and so-called corporate gadflies make their rounds.
