Stocks lost ground as oil reached another new high and Gov. Eliot Spitzer is accused in news reports of being involved with a prostitution ring. What's the word on the Street?
Stocks were flat Monday as the market was buzzing about an emergency rate cut.
Just hours before the Air Force announced the winner of a $35 billion contract to build aerial refueling aircraft on Feb. 29, an Airbus plane lumbered off the runway in Getafe, Spain, and climbed to 27,000 feet to rendezvous with a Portuguese F-16 fighter.
Boeing was debriefed by the Air Force today on why it lost the massive $40 billion tanker deal in a shocking defeat to Northrop Grumman-EADS. Mark McGraw, head of Boeing's tanker program, spoke with me just minutes after the meeting ended.
Boeing is reassessing the schedule for the new 787, the company said, an aircraft that some analysts believe will be further delayed.
It's hard being a realtor. To get paid, you have to agonize through the entire deal--spending time and money--and, increasingly, it all falls apart at the end. Even if the transaction is completed, clients start grinding you on the commission. Hey, that's business.
The European Commission warned France and Germany not to introduce "golden shares" at aerospace group EADS, highlighting concerns about how much control state-backed investors should have over companies whose products are crucial for national security.
If it's un-American to send military contracting jobs to France, is it OK to send them to Japan? That's the question Boeing might have to answer if wrestles back a $35 billion Air Force refueling tanker contract.
Is it time to put your tray in the upright position and bet that airlines are about to take a trip south?
Northrop Grumman said its victory over Boeing for a roughly $35 billion Air Force refueling tanker contract will support thousands of US jobs, firing back at opponents of the deal who take exception with Northrop's partnership with France-based aerospace company EADS.
Plus, the problems with EnerNOC, how to save for retirement no matter how old you are, and more.
Kansas Sen. Sam Brownback, a Republican on the Senate Appropriations Committee, on Tuesday vowed to fight funding for a $35 billion aerial refueling tanker deal awarded to Northrop Grumman and its European partner EADS, the parent of Airbus.
Monday's mixed market could spill into Tuesday as investors await comments from Fed Chairman Ben Bernanke ahead of the open.
Stocks recovered from earlier losses to finish flat Monday in a volatile session riddled with weak economic data, big auto-sales declines and concerns about more fallout from the housing slump.
Here's one big difference between Boeing and Northrop Grumman: PR. Going into the long-anticipated tanker decision Friday, the Boeing team was in hourly contact with us, preparing for post-decision interviews. They've been in regular contact with me since last summer. Heck, they even sent me KC-767 playing cards!
Stocks turned mixed Monday after Ford turned in better-than-expected sales results and announced layoffs.
The Funny Biz email inbox is overflowing this morning: On my profile of real estate mogul Jeff Greene Friday, an email from one of his tenants, Jim G, who says there have been a lot of problems...
Wall Street looks set to start the week in negative territory as stock index futures pointed lower on renewed fears for the fate of the economy.
EADS shares rose more than 7 percent Monday after the U.S. Air Force on Friday chose the Airbus A330 over Boeing's 767 for an airborne refuelling contract worth up to $35 billion.
Gloom about the economic outlook dragged The Dow down sharply. What’s the word on the Street?