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Articles
Russia's Central Bank Makes Surprise Interest Rate Cut
The rate cut had come after the government urged the central bank to help boost the economy, prompting some analysts to accuse the bank of caving in to political pressure.
Economic Growth in 2014 Fastest Since 2010
While the halving of fuel prices clearly gave American consumers the power to spend more at the end of the year, businesses slowed investment and the government cut back on spending.
Spain Returns to Growth in 2014, First Time Since 2008
It is the first time there has been full-year economic growth in Spain since 2008 when a property bubble collapsed, sending millions of people out of work and pushing the country to the brink of a bail out.
Airbag Recall Dents Honda's Bottom Line
Honda's airbag recalls -- and others involving its Fit compact car and Vezel SUV -- diluted the positive impact of the yen's sharp decline, which has inflated profits among major Japanese exporters.
Senate Approves Keystone Pipeline Despite Promised Veto 9
The House approved its own Keystone legislation earlier this month, and now must decide whether it passes the Senate measure or enters into bicameral conference to thrash out a compromise bill.
ConocoPhillips in the North Sea
ConocoPhillips Slashes Oil Drilling Budget Again
"We are responding decisively to a weak price outlook in 2015 by exercising our capital and balance sheet flexibility," said CEO Ryan Lance.
Samsung Contrasts Apple, Posts First Profit Drop in 3 Years
The annual profit figure marked a dramatic reversal for the company, which is also facing a once-in-a-generation leadership change after several years of stellar growth.
Jobless Claims Approach 15-Year Low
The Labor Department said there was no particular factor influencing the week's claims data, which is often volatile.
Boeing's 747-8 Chosen for Next Air Force One
The current aircraft used by the U.S. president -- with its famous blue-and-white color scheme -- is also a 747, but a much older model that dates back more than two decades.
Toshiba Profits Soar, Exits North American TV Business
Japan's TV makers, also including Sony and Panasonic, have suffered as razor-thin margins and fierce overseas competition dented their bottom line.
Shell Blames Profit Fall on Low Oil Prices 1
Shell noted that lower prices created opportunities for the group to cut costs.
Chevron
BP, Chevron, Conoco Team Up on Gulf Oil Project
Combining the three companies' technical capabilities and financial resources will "increase the likelihood of achieving a future commercial development," BP said.
Yahoo CEO Marissa Mayer
Yahoo Faces a Murky Path after Alibaba Split
After spinning off its $40 billion stake in the Chinese e-retail giant, analysts see no clear path forward for Yahoo's shifting business model.
Fed Remaining 'Patient' on Rate Hike 1
The Federal Open Market Committee left unchanged the key federal funds rate near zero, where it has been pegged since late 2008.
Boeing Earnings Take Off on Record Commercial Deliveries
The strong earnings came on the heels of a Boeing announcement in December that it delivered a record 723 jets, surpassing a previous record of 648.
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