Business - Page 317

Macys posts 16 percent hike in 2Q net income

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FILE - In this May 10, 2011 file photo, people carrying Macy's shopping bags walk past the Macy's flagship store, in New York. Macy's...

Obama turns 51; plays golf, heads to Camp David

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President Barack Obama boards Marine One helicopter as he departs Andrews Air Force Base, Md., for Camp David, Saturday, Aug. 4, 2012. President...

News Summary: US manufacturing shrank in July

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FACTORY ACTIVITY DECLINES: U.S. manufacturing shrank for the second straight month in July. The Institute for Supply Management said its index of...

Moodys downgrades Italy debt rating 2 notches

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Credit ratings agency Moody's Investors Service has downgraded Italy's government bond rating two notches on concern that deteriorating financial conditions in Europe...

Oil down near $86 after Europe, China rate cuts

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SINGAPORE Oil fell to near $86 a barrel Friday in Asia amid doubts that Europe and China's interest rate cuts will be enough...

GlaxoSmithKline to pay $3B for health fraud

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Sunoco refinery to stay open in Philadelphia

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PHILADELPHIA The oldest and largest refinery on the East Coast will stay open thanks to a deal between Sunoco and the private equity...

News Summary: Airbus plans 1st US factory

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PUTTING THE `US' IN AIRBUS: The European airplane manufacturer will build commercial planes in the U.S. for the first time. The company...

Europe summit surprises with bold moves

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Italian Prime Minister Mario Monti leaves an EU Summit in Brussels on Friday, June 29, 2012. European leaders have agreed to use the continent's...
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