On Thursday the National Labor Relations Board ruled the owner of a California recycling plant was a "joint employer" with the contractor that hired workers at the plant, essentially forcing both to bargain with the union together or risk violating U.S. labor law. Unions see the decision as a breakthrough not just in efforts to help employees organizes at...» Read More
Britain's FTSE 100 lost 0.1 percent to 5,910.04 in early trading. Microsoft said net income fell a worse-than-expected 22 percent to $4.47 billion in the fiscal first quarter, which ended Sept. 30. BB&T bank, Philip Morris International and Boston Scientific also reported results that fell short of forecasts.
MOSCOW-- Russian police have arrested a government relations manager at British-Russian oil venture TNK-BP on suspicion of fraud. The manager, identified by TNK-BP as Igor Korneyev, is suspected of receiving 3 million rubles as an advance payment for arranging jobs in the Russian presidential administration.
In Friday's statement, the company said Samuelsson, who has spent the last two years on Volvo's board, will replace Stefan Jacoby with immediate effect after the latter entered "an amicable agreement" to leave. Volvo says Samuelsson, who was the CEO of MAN between 2005-2009, will help it improve its performance, especially in China.
Although the leaders meeting in Brussels said their decisions on the watchdog _ the single supervisory mechanism _ were key to shoring up lenders and eventually giving them access to loans from Europe's bailout fund, many observers were struggling to figure out exactly what had been achieved.
"The extraordinary safety record that has been achieved in the United States ironically could be the single biggest reason the isn't able to act proactively and ensure safety into the future," said Bill Voss, president of the industry-funded Flight Safety Foundation in Alexandria, Va., which promotes global airline safety.
"If we can get this fruit harvested, it's a perfect storm for Washington," said Todd Fryhover, president of the Apple Growers Association. " Washington is likely to have a harvest of 108 million bushels, its second highest number on record, industry representatives said.
WASHINGTON-- President Barack Obama has presided over a heyday for the gun industry despite predictions by the National Rifle Association four years ago that he would be the "most anti-gun president in American history."
BERLIN-- A senior figure in Germany's governing coalition whose party has talked particularly tough on Greece has signaled that he's open to giving Athens more time to get its finances in order.
BERLIN-- A senior figure in Germany's governing coalition whose party has talked particularly tough on Greece, is signaling that he's open to giving Athens more time to get its finances in order.
NEW YORK-- At the Missouri college where Quazi Mohammad Rezwanul Ahsan Nafis enrolled, a classmate said he often remarked that true Muslims don't believe in violence.
BANGKOK-- Oil prices were nearly flat Friday as traders awaited the end of a two-day European Union summit on shoring up the region's stricken banks. Benchmark crude for November delivery was down 2 cents to $92.08 a barrel at midday Bangkok time in electronic trading on the New York Mercantile Exchange.
Markets in mainland China, Singapore, Thailand, Indonesia and India were down. Microsoft said net income fell a worse-than-expected 22 percent to $4.47 billion in the fiscal first quarter, which ended Sept. 30. Microsoft shares fell in after-hours trading.
BEIJING-- Foreign investment in China fell again in September and a government spokesman said Friday it was too early to forecast a recovery in trade. The decline in foreign direct investment added to mixed signals about the health of China's economy following Thursday's report that growth slowed to 7.4 percent in the latest quarter.
NEW YORK-- General Electric Co.' s transformation into a more simple industrial company seems to be helping its bottom line. GE's net income rose 49 percent in the third quarter to $3.49 billion, or 33 cents per share. During the financial crisis, investors worried that its enormous banking arm, GE Capital, would fail.
NEW YORK-- WebMD extended its poison pill defense, first put into place to ward off billionaire investor Carl Icahn, for another two years. WebMD slashed the purchase price for shareholders if the rights are exercised to $66.29 from $153. WebMD's sites include WebMD Health, MedicineNet, RxList and theheart.org.
HARTFORD, Conn.-- United Technologies Corp.' s third-quarter earnings results, due out before the markets open on Tuesday, will likely reflect some weakness in the aerospace market, a segment on which the company recently made a big bet.
TORONTO-- The Canadian government says it can't overturn a decision by the country's broadcast regulator to reject BCE Inc.' s bid to buy Astral Media Inc. for US $3.4 billion.
NEW YORK-- Shares of Robert Half International rose more than 6 percent Friday after the staffing company's third-quarter earnings beat analyst estimates. During a conference call the company said that it expects fourth-quarter earnings of 38 cents to 43 cents per share on revenue between $1.01 billion and $1.06 billion.
TransCanada has reaffirmed its plan to restart the Keystone oil pipeline from Canada to the Midwest on Saturday, although rainy weather is hampering the company's on-site work. TransCanada shut down the 2,100- mile pipeline Wednesday after tests showed possible safety issues.