Tuesday, June 18, 2013
U.S. plane maker Boeing will launch a larger version of its lightweight 787 Dreamliner this week with up to 100 orders worth just under US$30 billion, industry sources said on Sunday.
Monday, June 17, 2013
U.S. President Barack Obama is aggressively pushing an ambitious agenda to liberalize global trading. But already political trade wars are forming, and they're with fellow Democrats rather than with Republicans, his usual antagonists.
Since the first battles over “Pong” machines in local arcades four decades ago, video gamers have loved good competition. And this year's Electronic Entertainment Expo — the industry's largest annual gathering — presented more thrilling showdowns than ever. Microsoft vs. Sony. Mobile vs. console games. “Titanfall” vs. “Destiny.” So who won E3?
Friday, June 14, 2013
U.S. retail sales rose more than expected in May and first-time applications for jobless benefits fell last week, suggesting the economy was squeezing out of a recent soft patch.
Brazil's government is offering US$8.7 billion in low-interest loans for people enrolled in a low-income housing program to outfit their homes with furniture and appliances.
Monday, June 10, 2013
Daiichi Sankyo believed it had scored a coup in 2008 when it outbid rivals to buy Indian generics giant Ranbaxy for US$4.6 billion, but its foray into the high-growth copycat drugs arena has brought the Japanese drugmaker only pain.
High production costs have orange growers in Brazil, the world's top orange juice exporter, bracing for a tough citrus season, despite last season's record harvest and high juice prices.
Saturday, June 8, 2013
The stock market rose sharply in early trading Friday after the U.S. government reported that hiring picked up in May.
A debate is raging among investors and analysts: Has the U.S. Federal Reserve inflated a stock market bubble by driving interest rates to record lows?
Chairman Ben Bernanke is a deft communicator who will leave the Federal Reserve once his second term ends in January and should be succeeded by Vice Chairman Janet Yellen.