Business
Treasurys Slump After GDP, Jobless Claims
NEW YORK — Treasurys fell sharply on Thursday, sending yields higher, as an unchanged final reading of fourth-quarter growth and a drop in jobless claims eased concerns about the economy. The benchmark 10-year Treasury bond was down 0.9% at 99.20, yielding 3.535%. Ahead of the data, the yield, that moves inversely to price, stood at […]
Sodexho Alliance First-half Sales Up 3.8% To $11 Billion
LONDON — French catering group Sodexho Alliance said Tuesday that sales rose 3.8% to 7.1 000 000 000 euros (USD 11.0 000 000 000) in the first half of its fiscal year. Organic sales growth was 9.2% in the period, the firm said, attributing the growth to market positioning. It’s confident that it will achieve […]
CME Group Profit More Than Doubles After CBOT Deal
CME Group Inc.’s first-quarter net income more than doubled amid last year’s acquisition of the Chicago Board of Trade and surging volumes resulting from recent market volatility. The world’s derivatives exchange reported net income of USD 283.5 000 000, or USD 5.25 a share, compared with USD 130 000 000 a year earlier.
United Airlines Inspects 777s; Warns Passengers of Delays, Cancellations
CHICAGO — United Airlines is testing dozens of Boeing 777s to make sure components of a cargo fire suppression system are operating effectively.
The Chicago-based airline says testing will be done on its fleet of 52 777s. It’s warning passengers to be prepared for delays and cancellations.
United says a review of maintenance records shows […]
Oil prices at 14-month low on slowdown fears
VIENNA, Austria (AP) — Oil prices fell to a 14-month low Thursday as bad U.S. economic news stoked fears that an significant global economic slowdown will undermine demand for crude.
The demand for oil is expected to keep falling in the coming months as growth slows.
Concerns over the economy overrode growing expectations that the Organization […]
British Airways, Virgin cut fuel surcharges
LONDON, England (AP) — British Airways Wednesday joined rival airline Virgin Atlantic in reducing passenger fuel surcharges on cheaper tickets.
BA said it will drop the surcharge on economy tickets for long-haul flights by £13 (USD 23) to £96 (around USD 170) from midnight.
The surcharge on short-haul flights — less than nine hours — […]
U.S. Stocks End Mixed; J.P. Morgan Fronts Blue-chip Recovery
NEW YORK — U.S. stocks on Monday recovered the bulk of steep losses, with J.P. Morgan Chase leading a blue-chip rise one day after its heavily discounted bid for Bear Stearns Cos. and the Federal Reserve’s extraordinary discount-rate cut, its first such weekend move in nearly 30 months. The Dow Jones Industrial Average gained 21.
Oil edges over $115 a barrel
SINGAPORE (AP) — Oil prices moved above USD 115 a barrel Monday as the U.S. bucks lost some ground against the euro and the Japanese yen, making commodities more attractive to investors.
The conflict in Georgia is still influencing oil prices.
By midday in Europe, light, sweet crude for October delivery was up 63 cents to […]
Fidelity’s Lynch, Others Settle Improper-gift Lawsuit With SEC
NEW YORK — Fidelity Investments on Wednesday agreed to pay an USD 8 000 000 penalty to settle regulatory charges that current and former employees of the mutual fund giant, including former star fund manager Peter Lynch, improperly accepted gifts totaling more than USD 1.6 000 000 from brokers courting its business.
The Right Health Insurance For Those In Their 20s
NEW YORK — About one in five adults age 19 to 29 do not have health insurance. If you fall in that category, you might think you do not need the extra expenditure — after all, you’re a young, strapping specimen of good health. But you’re not invincible.
Kiplinger magazine contributing editor Erin Burt says if […]
