NEW YORK, Sept 4- Boeing Co said on Friday it is sticking to current production plans for its 747 jumbo jet despite a canceled order that left no net new orders for the plane in 20 months. Airbus' competing A380 has booked no orders since 2014 from commercial airlines and has 148 orders in backlog. Airbus is considering upgrading the 10- year-old plane's engines to...» Read More
Parliament must approve the measures within the next few weeks so that Greece can keep receiving bailout money it desperately needs to stay solvent.
THE DEAL: In Softbank Corp. President Masayoshi Son's latest mega-deal, the Japanese company is taking 70 percent stake in Sprint Nextel Corp. for $20 billion. THE DEAL-MAKER: The biggest foreign acquisition in the history of Japan Inc. underlines Son's unusual status in a corporate culture that has long favored stability over risk-taking.
Among the stock activity stories for Tuesday, Oct. 16, from AP Business News:. _ State Street Corp. shares rose on after the custody bank's third-quarter earnings topped Wall Street expectations due to expense cutting and growth in investment management revenue.
KALAMAZOO, Mich.-- Medical device maker Stryker Corp. said Tuesday that it reached a deal to buy privately held Surpass Medical Ltd. for $100 million in cash, plus up to $35 million in milestone payments.
Among the stock activity stories for Tuesday, Oct. 16, from AP Business News:. _ Shares of WD-40 Co. fell after the maker of spray lubricant and cleaning products reported disappointing quarterly results and a sharp decline in sales to European customers.
THE DEAL: A Hong Kong media magnate highly critical of China, Jimmy Lai, is selling one of his Taiwanese companies to a group headed by Jeffrey Koo Jr., a local businessman whose family has substantial interests on the mainland, for about $580 million.
NEW YORK-- Share of Questcor Pharmaceuticals Inc. climbed Tuesday after the hedge fund Deerfield Management Co. disclosed a stake in the beleaguered company. THE SPARK: Deerfield President James Flynn disclosed ownership of 3.5 million Questcor shares, or a 5.8 percent stake in the Anaheim, Calif., drugmaker.
LITERARY ACTOR: Johnny Depp will help run a HarperCollins Publishers book imprint with the same name as his production company, Infinitum Nihil, meaning "Nothing is forever." WRITING ABOUT MUSICIANS: Set for release in 2015 is "The Unraveled Tales of Bob Dylan." It will be based in part on interviews with Dylan by best-selling historian Douglas Brinkley.
CAREER: Pandit joined Morgan Stanley as an associate in 1983. Seven years later, he was named head of Morgan Stanley's U.S. stock business. In 2005 he left Morgan Stanley and a year later helped found a hedge fund, Old Lane. Citigroup bought the fund in April 2007 and fast-tracked him to replace Charles Prince as CEO in December of that year.
NEW YORK-- Kythera Biopharmaceuticals Inc. said Tuesday that it has completed its initial public offering of 5.1 million shares. Kythera is based in Calabasas, Calif., company, and it is developing an injectable treatment for double chins called ATX-101. Shares of Kythera rose $2.63, or 12.7 percent, to $23.38 in afternoon trading.
New Cleveland Browns owner Jimmy Haslam III said Tuesday that Holmgren was out as team president, although the Super Bowl-winning coach will remain with the franchise to help in the transition. Haslam was introduced as the Browns' new boss after the 32 NFL owners unanimously approved his $1 billion purchase of the team from Randy Lerner.
SAN FRANCISCO-- In a case seeking to stop California's first-in-the-nation mandate requiring fuel producers to reduce greenhouse gas emissions, federal justices on Tuesday focused their questions on whether the law discriminates against out-of-state businesses.
Shares of Fossil jumped Tuesday after a Citi upgraded its rating on the retailer. THE SPARK: Analyst Oliver Chen sees earnings and stock growth ahead for the company. THE ANALYSIS: Fossil Inc. is already showing signs of growth and the analyst expects it should make bolder gains in 2013..
NEW YORK-- EBay Inc. is expected to post profit and revenue growth in the third quarter, helped by PayPal as well as its e-commerce platform, when it reports its financial results after the market closes on Wednesday.
The Labor Department said the consumer price index rose 0.6 percent last month, the same as in August, with inflation still in check. Benchmark U.S. crude was down 5 cents to $91.80 in New York shortly before 2 p.m.. Brent crude, which is used to price international varieties of oil, lost 27 cents to hit $114.13.
BATESVILLE, Ind.-- Hillenbrand Inc. on Tuesday said it will acquire Germany's Coperion Capital GmbH for 232 million euros, or about $300 million, expanding Hillenbrand's industrial products operations as the company diversifies beyond its traditional business making burial caskets.
PORTLAND, Ore.-- The monthly Oregon employment numbers show the state lost nearly 8,000 jobs in September, ending a half-year string of monthly job gains. The state Employment Department said Tuesday the unemployment rate is 8.7 percent, essentially unchanged from the previous month. The rate has ranged between 8.4 percent and 8.9 percent since January.
But in a note to investors on Tuesday Stifel Nicolaus analyst David A. Schick said several current trends are supporting stores like Dick's Sporting Goods, Hibbett Sports Inc. and Big 5 Sporting Goods Corp.. He raised his third-quarter earnings estimate on Dick's Sporting Goods by 2 cents to 38 cents per share.
THE RESULTS: UnitedHealth Group Inc., the nation's largest health insurer, said Tuesday its third quarter net income climbed 23 percent. It earned $1.56 billion, or $1.50 per share, compared to $1.27 billion, or $1.17 per share, in last year's third quarter. A NEW FORECAST: UnitedHealth raised its 2012 earnings forecast for the third time this year.
TORONTO-- The NHL has made a new offer to the players' association that proposes a 50-50 split of hockey-related revenue and a full 82- game season starting Nov. 2. When asked if the new proposal was an improvement over previous offers made by the NHL, Fehr said: "In some respects I think it is.