WASHINGTON (Reuters) - American Airlines, a unit of AMR Corp, knowingly flew planes that needed safety repairs, the U.S. government charged on Thursday in a letter that proposed a $7.1 million fine against the carrier.
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NEW YORK (Reuters) - Kohl's Corp , a mid-priced apparel and home goods retailer, reported a quarterly profit on Thursday that beat Wall Street's expectations and raised its full-year forecast, saying tight expense controls would help it weather a tough U.S. economy.
SAN FRANCISCO (Reuters) - Yahoo Inc said on Thursday it had appointed former Viacom Inc CEO Frank Biondi and former Nextel Partners CEO John Chapple to its board as part of a settlement with investor Carl Icahn.
WASHINGTON (Reuters) - American Airlines, a unit of AMR Corp, knowingly flew planes that needed safety repairs, the U.S. government charged on Thursday in a letter that proposed a $7.1 million fine against the carrier.
According to Reuters and The New York Post, T. Boone Pickens' BP Capital hedge fund was down 35% in July. The fund manages $7 billion. Of course, that loss is probably only on paper. Pickens could get himself in trouble on oil prices. He is bullish enough to be promoting wind energy as an alternative, preaching to anyone who will listen. In the meantime crude has fallen from $143 to $117, not g...
SAN FRANCISCO (Reuters) - Gannett Co Inc plans to eliminate 1,000 positions from its local newspapers around the U.S. because of declining advertising and circulation revenue, and may cut more if those conditions persist.
NEW YORK (Reuters) - An Infineon chip could be at the root of complaints from around the world that Apple Inc's new iPhone drops calls and has unpredictable Internet links, according to a research report from Nomura.
Washington Times FTC Proposes Rule Barring Oil ManipulationWall Street Journal- 1 hour agoGiven that the proposed rule covers the futures market — also the domain of the Commodity Futures Trading Commission — it is likely to upgrade a …FTC offers rules to fight oil market manipulation ReutersFTC rule would put and end to falsifying oil information Houston Chronicleall 18 news...
From Reuters:"The commodity half of oil tycoon T. Boone Pickens's BP Capital hedge fund lost 35 percent of its value in July, the New York Post said, citing sources."
NEW YORK (Reuters) - Morgan Stanley and JPMorgan Chase & Co agreed to buy back billions of dollars of illiquid auction-rate securities and pay fines to settle charges that they misled investors about the debt's risk.