By ROXANA HEGEMANAssociated Press
WICHITA, Kan. (AP) - Talks to sell Hawker Beechcraft's operations to China's Superior Aviation Beijing Co. have collapsed and the Wichita plane maker said Thursday that it now plans to emerge from bankruptcy protection as a slimmed down company in the
ST. PETERSBURG, Fla. (AP) - Jabil Circuit Inc. said Thursday that it's promoting its chief operating officer, Mark Mondello, to CEO, and its current chief executive is set to become chairman.
The board's current chairman, William Morean, is retiring and will not stand for re-election to the
By SINAN SALAHEDDINAssociated Press
BAGHDAD (AP) - Iraqi authorities have issued arrest warrants for the longtime governor of the central bank following allegations of financial wrongdoing, the country's judiciary said Thursday.
Allegations against Sinan al-Shabibi, who has led the bank
By JOSH FUNKAP Business Writer
OMAHA, Neb. (AP) - Union Pacific said Thursday that its third-quarter profit climbed 15 percent because price increases and more automotive and chemical shipments helped the railroad offset a 12 percent drop in coal shipments.
The railroad reported $1 billion in
By CHRISTOPHER S. RUGABERAP Economics Writer
WASHINGTON (AP) - Weekly applications for U.S. unemployment benefits jumped 46,000 last week to a seasonally adjusted 388,000, the highest in four months. The increase marks a rebound from the previous week's sharp drop. Both swings were largely
NEW YORK (AP) - Stock futures slipped Thursday as companies including Verizon, Morgan Stanley and Southwest Airlines posted mixed quarterly earnings, and the Labor Department posted the latest numbers on unemployment benefits.
Dow Jones industrial futures fell 9 points to 13,480. The broader S&
By LISA CORNWELLAssociated Press
CINCINNATI (AP) - Fifth Third Bancorp reported Thursday that its third-quarter net income fell because of one-time expenses related to debt repayment and accounting issues.
Still, the Cincinnati-based bank reported improving lending business trends, and beat
By MICHAEL FELBERBAUMAP Tobacco Writer
RICHMOND, Va. (AP) - Cigarette maker Philip Morris International Inc.'s third-quarter net income fell more than 6 percent, despite higher prices, as the company sold fewer cigarettes.
The seller of Marlboro and other cigarette brands overseas said
By CHRISTINA REXRODEAssociated Press
NEW YORK (AP) - Morgan Stanley said Thursday that its corporate clients are ready to do business - but they're a little unnerved by the impending fiscal crisis.
The bank reported higher revenue and net income for the third quarter after stripping out an
By JOSHUA FREEDAP Airlines Writer
Southwest Airlines eked out a small third-quarter profit in spite of a September slowdown, the company said on Thursday.
Traffic at all the big airlines fell last month. September is traditionally when vacationers wrap up summer travel by Labor Day, and