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PNC Financial profit falls short, shares fall

PNC Financial Services Group Inc., a fast-growing Northeast U.S. regional bank, on Thursday posted a disappointing second-quarter profit, sending shares down to their lowest level in four months.

First 9/11 damages trials to begin in Sept: judge

September 11 victims who sued airlines and their security contractors will have their cases heard for the first time almost six years after the hijacked plane attacks on the United States, a federal judge has ruled.

Strong jobs growth bodes well for economy

Employers added 132,000 jobs in June and payrolls rose more strongly than previously thought in April and May, according to a Labor Department report that underlined a strengthening job market.

Trump Entertainment buyout fizzles, shares plunge

Casino operator Trump Entertainment Resorts Inc. said on Monday it did not reach a deal with potential acquirers and has ended discussions to sell itself, sending its shares down 18 percent.

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ICT Shares Plunge on Slashed Outlook

Shares in ICT Group Inc., dropped sharply on Friday after the company lowered its profit expectations for first quarter and the full-year 2007.

Harley Workers Agree to New Contract as Strike Ends

The three-week worker strike against motorcycle maker Harley-Davidson, Inc. (NYSE: HOG) at its largest plant is over, as union workers ratified a new 3-year contract on Thursday.

Toll Brothers Ready for Housing Rebound: CEO

Toll Brothers Inc. (NYSE: TOL) released its fourth quarter earnings on Tuesday, with management expressing optimism about the future despite reporting a much lower net profit and slightly lower revenue for the quarter.

Rite Aid posts loss, shares drop on Wal-Mart news

Rite Aid Corp., the third-largest U.S. drugstore chain, on Thursday posted a smaller quarterly loss, aided by stronger sales......

Philly Fed dives sharply, economy seen much softer

U.S. Mid-Atlantic factory activity retrenched for the first time in over three years in September, the latest sign of a rapidly-slowing economy.

Trade Reps Support D.C. to Beijing Direct Flight

Former US trade representatives have urged the Department of Transportation to accept United Airlines' proposal to connect Washington D.C. and Beijing through direct commercial flights for the first time.

A Year Later, Time to Reassess Katrina Stocks

Investors who earned big returns in the wake of Hurricane Katrina may want to reassess their storm-related plays now that new contracts for repair work on the U.S. Gulf Coast have slowed.

Powerful US economic team takes shape after 5-1/2 years

The Bush administration finally is on the verge of assembling a powerhouse economic team, headed by a Wall Street heavyweight able to set the terms for becoming its leader, after some 5-1/2 years in power.

Simple Changes Can Reduce Energy Costs

Along with rising gasoline prices, Americans are going to have to deal this summer with higher costs for cooling their homes.

World Trade Center Rebuild Set to Begin

The rebuilding of New York's World Trade Center was set to begin on Thursday, just one day after officials approved plans to erect the Freedom Tower and other buildings where the Twin Towers stood until September 11.