Boeing Chief Executive Jim McNerney said he was confident the first 787 Dreamliner would be delivered by the end of this year, as planned, according to an interview in German daily Welt am Sonntag.
It was a quarter that left investment banking businesses, the once-vaunted profit engines of Wall Street, sputtering.
Cocktails will be well down the to-do list at next week's Farnborough Airshow as arms companies strive to reflect the growing mood of austerity.
Billionaire investor George Soros on Friday said the just-passed U.S. financial overhaul bill will impose new regulations on the banking system before the banks have recovered sufficiently to cope with new restrictions on their activities.
American International Group Inc agreed to pay $725 million to settle a long-running securities fraud lawsuit led by three Ohio public pension funds, in one of the largest class action settlements in U.S. history.
Teen sensation Justin Bieber has knocked Lady Gaga off her reign as holder of the most-viewed video on YouTube.
Billionaire investor George Soros on Friday said the just-passed U.S. financial reform bill will impose new regulations on the banking system before the banks have recovered sufficiently to cope with new restrictions on their activities.
Cocktails and kerosene will take a back seat at next week's Farnborough Airshow as arms firms strive to fit in with the growing mood of austerity and Boeing shows off its new fuel-saving 787 Dreamliner.
Bank of America and Citigroup shares fell as the banks' results highlighted the sluggishness of the U.S. economic recovery and costs of potential regulation, offsetting better-than-expected quarterly profits on lower credit losses.
IBM is in danger of missing average Wall Street estimates for its second-quarter revenue as the weaker euro dents sales in Europe, which counts for about 30 percent of its revenue.
Dismal consumer sentiment data and anemic revenues from GE and two big banks slammed U.S. stocks on Friday, driving down major indexes more than 2 percent.
Weak energy costs pushed U.S. consumer prices down for a third straight month in June while consumer sentiment dropped to a near one-year low in July, highlighting the sluggishness of the economic recovery.
Dismal consumer sentiment data and anemic revenues from GE and two big banks slammed stocks on Friday, driving down major indexes more than 2 percent.
Dell Inc proposed a settlement with U.S. financial regulators over a long-running investigation of the computer maker's accounting, and adjourned its annual shareholders meeting on Friday.
Bank of America and Citigroup shares fell as the banks' results highlighted the stagnant U.S. economy and costs of potential regulation, offsetting better-than-expected quarterly profits on lower credit losses.
Stocks slid on Friday as revenues from GE and two major U.S. banks disappointed investors while consumer prices and sentiment data gave further evidence the economic recovery is stalling.
Stocks tumbled on Friday after consumer sentiment hit nearly a one-year low and GE and two major U.S. banks reported disappointing quarterly revenue.
General Electric Co posted its first quarterly profit increase in more than two years on Friday, but a sharper-than-expected drop in revenue spooked investors and its shares fell about 4 percent.
Shares in RealD Inc , whose 3D technology was used to help make the movie Avatar, opened more than 22 percent above their initial public offering price on Friday and shares of business software maker Qlik Technologies Inc opened 20 percent higher.
First Horizon National Corp , the largest bank in Tennessee with over $26 billion in assets, posted a surprise profit, helped by improving credit quality and said the overhaul of U.S. financial rules will not affect its capital position.
CenturyTel Inc has won U.S. antitrust approval to buy Qwest Communications International Inc , the Federal Trade Commission said on Friday.