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Updated: 36 min 43 sec ago

FedEx Says If Convicted Of DOJ Charges, Costs Could Be 'material'

Fri, 07/18/2014 - 7:32am
FedEx said in a filing Friday that while it will defend itself vigorously, if the company is convicted of illegal activities, it is "reasonably possible" that the amount or range of loss could be "material."
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GE says its spinoff of credit card business on track for late July

Fri, 07/18/2014 - 7:14am
General Electric is targeting late July for the initial public offering of its credit card business, named Synchrony Financial.
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GE 2nd-quarter profit rises 13 percent

Fri, 07/18/2014 - 7:08am
General Electric Co. (GE) on Friday reported earnings that rose by 13 percent in its second quarter.
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GE Posts Second-quarter Operating Earnings Of 39 Cents a Share

Fri, 07/18/2014 - 7:01am
General Electric Co. on Friday said second-quarter operating earnings were $3.9 billion, or 39 cents a share, compared with $3.7 billion, or 36 cents a share, a year ago.
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AbbVie, Shire agree on approx $55 billion combination, will form new UK incorporated company

Fri, 07/18/2014 - 6:43am
U.S. drugmaker AbbVie has finally reached an agreement valued at around $55 billion to combine with Shire after its British counterpart rebuffed several takeover attempts.
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AbbVie Confirms $54 Billion Merger With Shire

Fri, 07/18/2014 - 5:30am
U.S. drug maker AbbVie Inc. said on Friday it will buy Irish pharmaceutical firm Shire PLC in a deal valued at $54 billion, a move that could release it from U.S. corporate taxes.
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Volvo Q2 profit up on cost savings, effiency schemes; sales remain flat

Fri, 07/18/2014 - 5:08am
Swedish truck maker AB Volvo says profit in the second quarter jumped 21 percent on the back of cost savings, efficiency schemes and streamlined production.
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MH17 Crash: Second Black Box Retrieved By Emergency Crew

Fri, 07/18/2014 - 4:24am
Emergency workers at the crash site of the downed Malaysia Airlines jet on Friday recovered a second black box from the plane, according to media reports.
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Asia Stocks: Markets Close Mixed

Fri, 07/18/2014 - 4:16am
Here are the closing levels for Asia's major stock markets: Tokyo (Nikkei Average) down 1% ; Hong Kong (Hang Seng Index) down 0.3% ; Shanghai (Shanghai Composite Index) up 0.2% ; Sydney (S&P/ASX 200) up 0.2% ; Seoul (Kospi) down 0.1% ; Taipei (Taiex) down 0.1% Copyright © 2014 MarketWatch, Inc.
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Sweden's Ericsson Q2 profit surges, sales marginally down

Fri, 07/18/2014 - 4:07am
Wireless equipment maker Ericsson says second-quarter profit rose 76 percent to 2.7 billion kronor ($394 million) mainly due to higher margins on its premium products, lower restructuring charges and improved overall efficiency.
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Russian Stocks Fall In Wake Of Civilian-jet Crash

Fri, 07/18/2014 - 3:24am
Russian stocks were headed for the worst weekly losses since March as equities continue to move south on Friday in the wake of the crash of a civilian jetliner in Ukraine.
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Shooting down of Malaysia Airlines plane could force airlines into costly route changes

Fri, 07/18/2014 - 3:02am
The possibility that the civilian jetliner downed over war-torn eastern Ukraine with nearly 300 people onboard was hit by a missile could have profound consequences for the world's airlines.
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Oil price soars to nearly $104 on Ukraine crisis after Malaysian jet shot down

Fri, 07/18/2014 - 2:40am
The price of oil continued to climb on Friday, reaching nearly $104 a barrel on concerns that the tensions over Ukraine and new sanctions against Russia could disrupt global supplies.
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China's Government Worried About Real-estate Glut

Fri, 07/18/2014 - 1:51am
China's newly installed Housing and Urban-Rural Development Minister Chen Zhenggao told local regulators to "try all means to deplete the real-estate inventory" in the second half of this year, according a 21st Century Business Herald report Friday.
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Asian stocks rattled as jetliner downed over Ukraine, Israel mounts Gaza ground offensive

Fri, 07/18/2014 - 1:43am
Asian stock markets fell Friday, unnerved by a ratcheting up of global political tensions after a Malaysian jetliner was shot down over Ukraine and Israel launched a ground offensive in the Gaza Strip.
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Malaysia Airlines Stock Plunges

Fri, 07/18/2014 - 1:32am
Shares in Malaysia Airlines System Bhd ended Friday morning trading 11% lower, at one point falling as much as 18%, after the apparent shooting down of one of its passenger jets over Ukraine.
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As more states legalize pot for fun and medicine, edibles industry burgeons

Fri, 07/18/2014 - 1:17am
Move over, pot brownies.
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Mercedes-Benz, BMW Face Fines Amid China's Antitrust Storm

Fri, 07/18/2014 - 12:55am
Foreign luxury-car makers -- including Daimler AG's Mercedes-Benz, fellow German auto producer BMW AG , and Jaguar Land Rover, owned by India's Tata Motors Ltd. -- may become the targets of China's ongoing antitrust campaign, a Chinese state-media report said Friday.
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Hit by double disasters, Malaysia Airlines may become tainted for travelers, never recover

Fri, 07/18/2014 - 12:53am
Hit by two astonishing tragedies in quick succession, the Malaysia Airlines brand may become the airline industry's equivalent of asbestos or News of the World: toxic to the public and, experts say, impossible to redeem.
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Discontinued Nokia X phones suffered from improvements in Microsoft system, lack of identity

Fri, 07/18/2014 - 12:02am
The Nokia X phones that Microsoft discontinued this week blend two rival operating systems, but leave out the best of each.
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