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Business Strategy Contracts

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  • LONDON, July 20- British engineering company Rolls-Royce, under pressure after successive profit warnings, said its aero-engine business won two new contracts totalling $2.23 billion. The other contract was to supply International AirFinance Corporation with Trent 700 engines for 20 of the same jets in a $930 million deal. "We welcome our customer's...

  • OTTAWA, July 15- The Bank of Canada cut its key interest rate by 1/ 4 percentage point to 0.5 percent on Wednesday, saying an unexpected economic contraction in the first half of the year had added to excess capacity and put downward pressure on inflation. Bank of Canada Governor Stephen Poloz had expected a recovery by now from the oil price crash that hit Canada's...

  • MLB's Manfred: Worried by bloated contracts, not A-Rod Monday, 13 Jul 2015 | 11:13 PM ET
    Rob Manfred speaks at a press conference after being elected by team owners to be the next commissioner of Major League Baseball.

    In his first All-Star game as MLB commissioner, Rob Manfred says he is encouraged by the efforts to speed up the game of baseball.

  • The Democrats wrote to the Army inspector general to query a contract they said Ingersoll Rand received from the Army Corps of Engineers, as well as to the Department of Homeland Security's inspector general to demand an investigation into reports that the company had been cleared for federal contracts. "We were dismayed to learn that Ingersoll-Rand has been...

  • Mattress maker Serta next in line to dump Trump Thursday, 2 Jul 2015 | 11:36 AM ET

    July 2- U.S. mattress maker Serta said it would not renew its licensing agreement with the Trump Organization, the latest company to distance itself from real estate developer and TV personality Donald Trump, after his comments insulting Mexicans. Department store chain Macy's Inc said on Wednesday it would phase out Trump's line of menswear, while Comcast...

  • July 1- Macy's Inc said on Wednesday it would end its business relationship with Donald Trump, and New York City said it was reviewing its contracts with the billionaire developer and U.S. presidential hopeful because of his comments insulting Mexicans. In New York City, where Trump built his fortune in real estate, his company has a contract to run a golf course at...

  • SAN FRANCISCO, July 1- A former federal agent pleaded guilty on Wednesday to stealing bitcoins during the government's investigation of Silk Road, and to secretly soliciting payment from the operator of the online black market for information on its probe. Among them, Force said he agreed to a contract with Twenty-First Century Fox Inc last year to help make a...

  • BEIJING, July 1- China's factory activity contracted for the fourth straight month in June but at a slower pace than in May, offering some signs that the world's second-largest economy may be slowly leveling out but is still in need of more support measures. The HSBC/ Markit Flash China Manufacturing Purchasing Managers' Index edged up to 49.4 from 49.2 in May, but...

  • HOUSTON, June 26- Union workers at Exxon Mobil Corp's Beaumont, Texas, refinery agreed to an unusually long six-year contract on Thursday night, which sources say the company pushed to assure no work stoppages during a contemplated multibillion-dollar expansion. Members of United Steelworkers union Local 13 -243 voted by secret ballot on the contract offer,...

  • Small business federal contracts hit a new record Friday, 26 Jun 2015 | 4:00 PM ET
    Maria Contreras-Sweet

    The SBA revealed on Friday that the federal government awarded almost 25 percent in federal contracts to small businesses — $91.7 billion.

  • HOUSTON, June 26- Unionized workers at Exxon Mobil Corp's Beaumont, Texas, refinery agreed to an unusually long six-year contract on Thursday night, which sources say the company pushed to assure no work stoppages during a contemplated multibillion-dollar expansion. Members of United Steelworkers union Local 13 -243 voted by secret ballot on the contract...

  • June 25- Twenty-First Century Fox Inc said Roger Ailes had signed a multi-year contract to stay on as Chairman and Chief Executive of Fox News and Fox Business Network, and would jointly report to Rupert, James and Lachlan Murdoch. Fox promoted James Murdoch to chief executive in June, giving him day-to-day control of the company, and made Lachlan Murdoch...

  • Roger Ailes to continue to serve as Fox News CEO Thursday, 25 Jun 2015 | 8:58 AM ET

    June 25- 21st Century Fox said Roger Ailes would continue as chairman and CEO of Fox News and Fox Business Network and had signed a new multi-year contract with the company. Ailes has been with the company since 1996 and will jointly report to Rupert, James and Lachlan Murdoch, 21st Century Fox said in a statement on Thursday. The company promoted James Murdoch to...

  • WASHINGTON, June 24- The U.S. economy contracted in the first quarter but less than previously estimated as it struggled with bad weather, a strong dollar, spending cuts in the energy sector and disruptions at West Coast ports. The Commerce Department said on Wednesday gross domestic product fell at a 0.2 percent annual rate in the January-March quarter instead...

  • They had risen 8 percent before the market opened after BlackBerry reported first-quarter results that showed a more than 150 percent rise in software and licensing revenues to $137 million. "When the headline hits, you say' wow they really blew out that software number, good for them, they're starting to get some traction'," said BGC Partners analyst Colin Gillis.

  • WATERLOO, Ontario, June 23- BlackBerry Ltd shares fell on Tuesday on uncertainty about what drove growth in the company's crucial software segment in the first quarter. BlackBerry said two licensing deals, with Cisco Systems Inc and a second, unnamed company, made "significant contributions," but did not disclose the terms. "When the headline hits, you say' wow they...

  • WATERLOO, Ontario, June 23- BlackBerry Ltd said on Tuesday its turnaround gained traction as sales at its crucial software segment rose in the first quarter and its broader revenue slide began to ease, sending its shares up 4.3 percent. Separately, BlackBerry announced a long-term patent cross-licensing agreement with Cisco Systems Inc that covers their...

  • SHANGHAI, June 23- China's factory activity contracted for the fourth straight month in June but showed some signs of stabilizing, according to a preliminary private survey, suggesting more stimulus measures may be needed to support the world's second-largest economy. The HSBC/ Markit Flash China Manufacturing Purchasing Managers' Index edged up to 49.6, a...

  • June 22- Verizon Communications Inc said it offered salary hikes to 38,000 employee in its East wireline business after its first negotiating session with representatives of the Communications Workers of America and the International Brotherhood of Electrical Workers. The current contracts expire on Aug. 1. The company's union-represented employees in...

  • June 22- Verizon Communications Inc said it offered salary hikes to 38,000 employee in its East wireline business after its first negotiating session with representatives of the Communications Workers of America and the International Brotherhood of Electrical Workers. The current contracts expire on Aug. 1. The company's union-represented employees in...