WASHINGTON - Sovereign wealth funds, which have drawn criticism for recent multibillion-dollar injections into battered United States banks, are a good thing, but could be more transparent, officials has said on Wednesday.
NEW YORK - Warren Buffett, the famed United States investor who heads Berkshire Hathaway Inc, replaced his friend and Microsoft Corp founder Bill Gates as the richest man in the world, Forbes magazine has said on Wednesday.
WASHINGTON - Pilots at Northwest Airlines Corp and Delta Air Lines Inc revived discussions this week on resolving differences in merging their contracts, a step necessary for the carriers to proceed with a merger proposal.
PARIS - European aerospace group EADS
has said on Wednesday that no jobs would be relocated from Europe
to the United States as a result of its deal to construct aerial
refueling tankers there.
NEW YORK - United States stocks rose on Wednesday as evidence the services sector may not be as weak as feared allayed investors’ concerns about a recession and soaring commodity prices lifted energy and mining companies’ shares.
NEW YORK - United States stocks rose on Wednesday as evidence the services sector may not be as weak as feared allayed investors’ concerns about a recession and soaring commodity prices lifted energy and mining companies’ shares.
NEW YORK - One of Boeing Co’s leading
congressional supporters is stepping up her campaign to
discredit EADS and its Airbus unit after the European
company won a key role in a lucrative $35 billion refueling
tanker contract from the United States Air Force.
NEW YORK - The slumping United States service sector and a weakening job market dealt further blows on Wednesday to an economy teetering on the brink of recession, while bad news continued unabated on the inflation front.