Most interesting finance and busines news.
Airline stocks dropped Monday as oil prices went back on the incline.
Light, sweet crude for delivery in October went up $2.33 to $106.88 per barrel in Monday morning trading on the New York Mercantile Exchange, according to an Associated Press report.
Fort Worth, Texas-based passenger carrier American Airlines Inc., a subsidiary of AMR Corp. (NYSE: AMR), […]
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An administrative law judge has found that persons claiming to represent SEIU Local 715 engaged in unfair labor practices in dealings with Stanford Hospital & Clinics and Lucile Packard Children's Hospital, Stanford said Friday.
Information that the hospitals had requested to determine if Local 715 still was in existence and representing employees at […]
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The state's pension fund posted a positive return of 2.56 percent for the 2007-2008 fiscal year, state Comptroller Thomas DiNapoli announced today.
But the comptroller wants to see a change in state law that puts limits on certain investments. DiNapoli said under the state's legal list system, investments in assets classified as alternative, […]
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The Bank of Japan cut its assessment of the economy for the first time since April, saying growth is slowing “further'' as rising energy and commodities crimp spending by companies and households.
“Economic growth is slowing further, reflecting weaker growth in business fixed investment and private consumption against the backdrop of high energy and […]
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China's food inflation slowed last month after vegetable supplies recovered from blizzards in January and February and farmers reared more pigs.
The increase of 19.9 percent from a year earlier compared with a 22.1 percent gain in April, the statistics bureau said today. Non-food inflation cooled to 1.7 percent from 1.8 percent.
Overall consumer-price […]
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Engineering and construction contractor Fluor Corp. said its first-quarter profit surged 63 percent, helped by new contracts in the oil and gas industry.
Irving-based Fluor (NYSE: FLR) earned $138 million, or $1.50 per share, compared with $84.6 million, or 94 cents per share, in the quarter last year.
Revenue rose 32 percent […]
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Minnesota Innovation Center, a research facility which will be built near the U of M, is being pre-leased by Wall Cos., the companies said Monday.
Minneapolis firm Colliers Turley Martin Tucker has been retained by Minneapolis-based Wall to market and pre-lease the facility, which is slated to be built in several phases, a […]
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Nobel economics laureate Joseph Stiglitz, author of a new book that claims the Iraq war will cost the U.S. more than $3 trillion, said the final tally is likely to climb much higher than that.
“It's much more like five trillion,'' Stiglitz said yesterday in an interview with Bloomberg Radio. “We were trying […]
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Prime Minister Gordon Brown said rising energy and food costs will limit growth in the U.K.
“If you've got a 60 to 80 percent growth in oil, coal and gas prices, it's bound to affect the rest of the economy,'' Brown told the BBC's The Politics Show. “The issue for us is actually, […]