Feed aggregator

General Dynamics Lowers Guidance as Profits Fall

Top Finance News - Wed, 07/25/2012 - 8:50am
General Dynamics said its second-quarter net income fell 3%, and the defense contractor cut its 2012 profit prediction due to contract delays in its IT business.

Why $100 Oil Is Only a Headline Away

Top Finance News - Wed, 07/25/2012 - 8:50am
Rich Ilczyszyn, commodities trader and founder of iiTrader.com, thinks oil is just pausing on its way back to triple digits.

European Losses Hammer Ford

Top Finance News - Wed, 07/25/2012 - 8:50am
Plummeting sales in Europe -- and no hope for a quick fix in the troubled region -- hurt Ford's second-quarter profit and forced the company to lower its full-year earnings forecast.

Gay Marriage Boosts NYC's Economy by $259 Million

Top Finance News - Wed, 07/25/2012 - 8:50am
Since gay marriage was legalized in New York state a year ago, marriage license fees, local celebrations and wedding-related purchases have boosted New York City's economy by $259 million.

Ford Profit Falls 57% to $1 Billion

Top Finance News - Wed, 07/25/2012 - 7:35am
Ford's profit fell 57% in the second quarter as losses in Europe and Asia swamped a healthy performance in North America.

PepsiCo's Profit Sinks 21%

Top Finance News - Wed, 07/25/2012 - 7:35am
PepsiCo says its profit fell 21% in the second quarter as one-time restructuring costs and a stronger dollar ate into results.

IMF: China Downside Risks Significant

Top Finance News - Wed, 07/25/2012 - 6:30am
The International Monetary Fund said China's slowing economy faces significant downside risks and relies too much on investment.

Seizing Mortgages Could Yield Big Returns

Top Finance News - Wed, 07/25/2012 - 6:30am
Tapping the power of eminent domain to repair underwater mortgages could generate investor returns of up to 30% and billions of dollars in fees for bankers.

China to Flood Steel Market

Top Finance News - Wed, 07/25/2012 - 6:30am
China, the world's biggest steel producer, is exporting at the highest level in two years, exacerbating a global glut that may hurt competitors.

Should the Postal Service Go Private?

Top Finance News - Wed, 07/25/2012 - 6:30am
Those who believe in the usefulness of government must be vigilant about making sure all its activities are vital ones, since the unnecessary ones undermine public confidence.

Apple's Rivals Swoop as iPhone China Sales Flag

Top Finance News - Wed, 07/25/2012 - 6:30am
Apple's disappointing China sales suggest that its customers will not always wait for the next iPhone.

Health Board Hears Views on Soda Plan

Top Finance News - Wed, 07/25/2012 - 6:30am
Hundreds of people packed a city Board of Health hearing Tuesday to speak out on the city's controversial plan to ban giant containers of sugary drinks.

Oil Near Lowest in a Week on U.S. Stockpile Gain, China Concern

Top Finance News - Wed, 07/25/2012 - 6:30am
Oil traded near its lowest in a week in New York on speculation that an increase in U.S. stockpiles signaled slowing demand.

UK Falls Deeper Than Expected Into Recession

Top Finance News - Wed, 07/25/2012 - 6:30am
Britain's economy fell deeper than expected into recession in the second quarter of 2012, increasing pressure on the government to ease up on its austerity measures.

German business confidence slides for 3rd month

Top Finance News - Wed, 07/25/2012 - 6:30am
Business confidence in Germany dropped further than expected in July as worries about the impact of Europe's debt crisis on the region's biggest economy deepened, a closely watched survey showed Wednesday.The ...

ECB rescue fund talk lifts euro, shares

Top Finance News - Wed, 07/25/2012 - 4:45am
The euro jumped and European shares turned higher on Wednesday after a European Central Bank policymaker said there were reasons to boost the firepower of the euro zone's new bailout fund to tackle the ...

China firm eyes controversial 58-sq-mile Australia farm project

Top Finance News - Wed, 07/25/2012 - 4:45am
A Chinese property conglomerate is bidding for a 58-sq-mile farming project in the Australian outback as Canberra looks to open the remote north for farming to tap booming demand for food from Asia, especially ...

Apple's rivals swoop into China as iPhone 5 learns Mandarin

Top Finance News - Wed, 07/25/2012 - 3:30am
Apple Inc's disappointing China sales suggest that its customers won't always wait for the next iPhone when rivals such as Samsung have plenty of flashy new models available now, analysts and resellers ...

Peugeot defends job cut plan after slumping to H1 loss

Top Finance News - Wed, 07/25/2012 - 3:30am
PSA Peugeot Citroen vowed to press ahead with politically fraught restructuring plans as the troubled French automaker detailed mounting losses it has described as a threat to its future. Europe's second-largest ...

Europe oil firms to participate in Myanmar oil tender

Top Finance News - Wed, 07/25/2012 - 3:30am
European oil firms will participate in Myanmar's first oil exploration tender since the easing of Western sanctions, but U.S. companies might wait for more concrete reforms, the head of a local oil firm ...

Pages