Business Stories from July 25, 2012 (Change date)
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Boeing 2Q net income up; raises outlookJul 25, 2012 5:33 pm - Chicago-based Boeing Co. posted an unexpected 3 percent improvement in second-quarter net income on strong sales of commercial airplanes. The results surprised Wall Stre...
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Caterpillar shares jump as 2q profit grows 67 pctJul 25, 2012 5:33 pm - Peoria-based Caterpillar Inc. says its second-quarter profit soared 67 percent because of growing demand for its construction and mining equipment, and the company boost...
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Baxter raises dividend as $2 billion share buyback approvedJul 26, 2012 5:27 am - Deerfield-based Baxter International Inc., the maker of blood products and intravenous drugs, raised its dividend 34 percent and said it authorized a new share buyback p...
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NY guilty plea scheduled for head of Oregon firmJul 25, 2012 10:53 am - NEW YORK — A person familiar with a criminal securities fraud case against the head of an Oregon investment research firm says he’s expected to plead guilty on Wednesday...
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Romney-Bain contacts outlasted exitJul 26, 2012 5:27 am - WASHINGTON — Republican presidential candidate Mitt Romney has said he had no active role in Bain Capital, the private equity firm he founded, after he exited in Februar...
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Senate ready for symbolic showdown on tax cutsJul 25, 2012 3:25 pm - WASHINGTON — The Senate is bracing for a tax-cut showdown that is all about Democrats and Republicans showing voters their differences over taxing the well-off while acc...
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Record Penn State fine to help abused kidsJul 25, 2012 7:17 am - The NCAA’s unprecedented $60 million fine against Penn State will hurt the university in its pocketbook. The silver lining is that it will help plenty of abused kids, an...
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Oil near $88 ahead of US inventory figuresJul 25, 2012 10:53 am - BANGKOK — Oil was little changed near $88 a barrel Wednesday in Asia ahead of weekly U.S. crude inventory figures that give a reading on the state of near-term demand fo...
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ECB survey shows demand for loans remains weakJul 25, 2012 10:51 am - FRANKFURT, Germany — Demand for loans from business and consumers remains weak in Europe in the face of the continent’s debt crisis, a closely watched European Central B...
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Markets recoup ground but European fears remainJul 25, 2012 7:16 am - LONDON — Financial markets recovered their poise Wednesday but a run of disappointing economic data in Europe and worse-than-expected earnings from Apple kept the recove...