The U.S. has missed out by deciding to not join a China-led international investment bank, a senior executive at General Electric told CNBC.» Read More
Stocks in the U.S. are pointing lower this morning. The Fed's statement, important economic data and earnings could all drive the markets today. President Bush speaks on the economy on Wall Street and Treasury Secretary Hank Paulson appears before Senate Banking on the Chinese currency issue.
British Airways said on Monday a 48-hour strike by cabin crew members of its largest union had been cancelled, although it still expected disruptions for thousands of passengers this week.
Ford Motor Co. had the worst year in its 103-year history in 2006. The automaker lost $5.8 billion in the fourth quarter alone – and lost $12.7 billion on the year. Yet CEO Alan Mulally - who came to Ford after overhauling aerospace giant Boeing - is reportedly considering paying bonuses to some of Ford’s managers, even as the company seeks concessions from its unions and predicts more losses this year.
Lockheed Martin and Northrop Grumman reported sharp increases in fourth-quarter profit on Thursday and raised full-year forecasts, as two of the world's largest defense contractors capitalized on the continuing boom in U.S. military spending.
The company, which makes Abrams tanks and Stryker combat vehicles for the U.S. Army as well as Gulfstream jets, reported net profit of $408 million, or $1 a share, compared with $406 million, or $1 a share, a year earlier.
AMR Corp., parent of No. 1 U.S. carrier American Airlines, said it will raise about $503.1 million from a new share issue, shoring up its balance sheet while diluting earnings.
High-tech military contractor Lockheed Martin and aircraft manufacturer Boeing say they plan to work together to advance the nation's air traffic control system.
Stocks ended sharply lower after a day long selling spree, sparked by worries corporate earnings growth is showing signs of weakening.
Shares of Boeing fell sharply after Wachovia downgraded the aerospace and defense company to market perform from outperform.
European Aerospace giant EADS said Wednesday its Airbus division posted an operating loss for 2006.
Ford Motor is moving ahead of its own schedule for reducing costs, including plant closures and job cuts, the automaker's chief executive said.
An order from Malaysia's AirAsia worth more than $3 billion for Airbus planes capped a busy day for the planemaker and rival Boeing , with three deals worth close to $8 billion at list prices.
Spanish tourism and transport company Grupo Marsans has finalized an order for 12 Airbus A330 airliners, with an option to lease 10 more, the European aircraft maker said Monday.
Boeing has reported a record 1,044 commercial airplane orders for 2006, all but formally regaining the lead from troubled Airbus in the important sales category amid strong demand for its fuel-conscious 787 Dreamliner and single-aisle 737.
CNBC’s Bob O’Brien talked with Michelle Caruso-Cabrera about his stock winners and losers for the day so far. Some poor December retail sales numbers and less-than-stellar economic data caused sharp losses in the Dow, but a semiconductor rally is sparking a comeback. O’Brien says Intel is leading the pack.
Boeing said it took firm orders for 1,044 commercial aircraft in 2006, and likely beating rival Airbus for the first time since 2000.
When I walked in to dinner with Ford CEO Alan Mulally on Wednesday night, I knew the menu would include a tasty entree, a sweet dessert, and a healthy dose of candor. All courtesy of the "outsider" trying to turnaround the struggling automaker. I expected the honesty since that's what I found while covering Mulally as he turned around Boeing Commercial Airplanes. And at this dinner, he was forthright in his praise of Toyota.
In an exclusive cnbc.com interview, Global Insight Chief Economist Nariman Behravesh tells CNBC’s Rebecca Jarvis why he thinks fears of a 2007 recession are “completely off the mark.”
Bullish sentiment took hold of markets as stocks charged higher--albeit on thin volume--with auto and homebuilding shares leading the way.
When I heard that Ford CEO Alan Mulally met earlier this month in Tokyo with Toyota CEO Fujio Cho, I wasn't surprised. Nor should Ford investors and fans of the #2 American automaker. This is yet another sign, Mulally is bound and determined to move his company into a more competitive position - even if that means learning from a fierce competitor that is about to pass Ford.