Boeing to take $1 billion charge, delay freighter
Boeing Co said it would take a charge of $1 billion in the third quarter because of higher production costs and tough market conditions for its 747-8 program. Read Full Article here.
Gold sets an all new record high
The precious metal appeal as an alternative investment got boosted today as optimism surged to the highest levels in commodities markets due to the slumping dollar and to follow the recent rally in stocks that started this week after dropping to the lowest levels in more than two weeks. Read Full Article here.
Pay czar looking to rework employee pay packages: report
The Obama administration's pay czar plans to cut the cash salaries of the top employees at seven firms that have received large sums of government aid, in a bid to reshape their compensation packages, the Wall Street Journal said on Tuesday, citing people familiar with the matter. Read Full Article here.
Major developing nations must peak CO2 by 2020: IEA
Carbon emissions from a group of richer developing nations including Russia, China, Brazil and the Middle East must stop growing by 2020 to control global warming, the International Energy Agency said on Tuesday. Read Full Article here.
Mobile subscriptions at 4.6 billion by year-end: ITU
Mobile subscriptions will rise to 4.6 billion by the end of this year, boosted by a continuing mobile phone boom in emerging economies, the International Telecommunication Union (ITU) said on Tuesday. Read Full Article here.
Starwood/TPG team wins Corus asset auction: source
A group of investors led by Starwood Capital Group and private equity firm TPG have won the auction for assets of failed Corus Bank, in a deal that will see them invest about $554 million, a source familiar with the situation said on Tuesday. Read Full Article here.
Emerson to buy Avocent for $1.2 billion
Industrial conglomerate Emerson Electric Co agreed to acquire network equipment technology provider Avocent Corp for about $1.2 billion in cash in a deal that will expand Emerson's business that assures the stability of large computer systems. Read Full Article here.
Samsung sees strong Q3; profits may have peaked
Samsung Electronics' <005930.KS> stronger-than-expected quarterly earnings forecast on Tuesday failed to impress investors, who are worried a fast recovering won and competition are starting to cut into profits. Read Full Article here.