Financial performance and Monopoly antitrust at Economy

Economy

Caterpillar 2Q profit grows 67 pct, lifts outlook
Caterpillar's second-quarter profit jumped 67 percent and it's optimistic about the future, but a weaker global economy may still pose challenges for ...
American CEO bashes US Airways; calls it desperate
American Airlines CEO Tom Horton wants to set the record straight: It was he who approached US Airways CEO Doug Parker about the possibility of ...
Apple shares retreat after rare earnings miss
Apple's stock fell Wednesday after the company did something un-Apple-like: posting results below Wall Street expectations. Late Tuesday, Apple Inc.
Mexico fines HSBC $28 million in laundering case
Mexican regulators have levied a $28 million fine against the Mexico subsidiary of London-based HSBC bank for failing to prevent money laundering ...
States ask help collecting Internet sales taxes
More than 21 states have simplified how they collect taxes in hopes of recovering an estimated $20 billion in sales taxes that go uncollected by ...
Sanctions to shut Indian-Iranian shipping company
An Iranian-led shipping venture that predates the 1979 Islamic Revolution is now unraveling as one of the most high-profile blows from international ...
GOP: Geithner failed to tell Congress about LIBOR
Republican lawmakers are criticizing Treasury Secretary Timothy Geithner for failing to alert Congress four years ago that banks could have been ...
US new-home sales fall to 350K, 5-month low
Americans bought fewer new homes in June after sales jumped to a two-year high in May. The steep decline suggests a weaker job market and slower ...
PepsiCo's profit hit by China deal, strong dollar
PepsiCo Inc.'s profit fell 21 percent in the second quarter, as a deal to expand its business in China and a stronger dollar offset growth overseas.
GlaxoSmithKline Q2 net profit up but sales drop
Pharmaceutical company GlaxoSmithKline has reported a 13 percent gain in net profit in its second quarter compared with a year ago, but sales and ...
PetroChina gains drilling rights off Qatar's shore
Qatar's state oil company says it has signed a deal that gives China's biggest oil and gas company a 40 percent stake in drilling rights to an ...
EU proposes criminalizing rate-rigging
The European Union proposed Wednesday to make manipulating key global interest rates a criminal offence. European Commission vice president Viviane ...
Hedging drives Delta Air Lines to 2Q loss
For an airline, the whole idea of fuel hedging is to protect against big run-ups in oil prices. It didn't work out that way for Delta Air Lines Inc.
Caterpillar's 2Q profit up 67 pct on strong sales
Caterpillar Inc. says its quarterly profit soared 67 percent because of strong global sales of its construction and mining equipment, so the company ...
Ahead of the Bell: Zynga to report 2Q results
Online game maker Zynga Inc. will face a "moment of truth" when it reports second-quarter results after the market closes Wednesday, according to ...
LG Electronics' profit falls as mobile loses money
LG Electronics reported a lower quarterly profit as its mobile phone division sank to a loss and forecast its earnings to deteriorate further, ...
ArcelorMittal earnings fall in 2nd quarter
ArcelorMittal, the world's largest steelmaker, has reported a 37 percent drop in net profit from the same period a year ago as Europe's financial ...
Hitachi wins contract for UK inter-city trains
Japanese machinery maker Hitachi won a 4.5 billion pound ($7 billion) deal with the British government to build and maintain trains that will connect ...
German business confidence slides for 3rd month
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 ...
Asian hospital operator makes strong trading debut
Asia's largest hospital operator IHH Healthcare surged more than 10 percent in its trading debut Wednesday on Malaysia and Singapore's stock ...
IMF says China's economy reached 'soft landing'
China has achieved a "soft landing" in its economic slowdown, the IMF says while cautioning that more sweeping reforms are needed to ensure healthy ...
Japan trade deficit swells to $37B in first half
Japan reported its biggest half-year trade deficit ever as exports weakened and fuel imports soared to keep the power on while most reactors are idled ...
5½ years for Ore. woman who got $2.1M bogus refund
A 25-year-old woman who duped the state of Oregon into giving her a $2.1 million tax refund pleaded guilty Tuesday and was sentenced to 5 1/2 years ...
Apple sags as consumers buy cheaper iPhones
More consumers are buying the least expensive iPhones and iPads, a new phenomenon that is causing Apple's breakneck growth rate to slow. On Tuesday, ...
European regulators eye Google antitrust truce
European regulators say they are encouraged by recent negotiations with Google aimed at settling an antitrust investigation into the company's ...