| Business News |
Top drug companies' earnings beat forecasts
(Reuters)
Reuters - The world's two biggest drugmakers,
Pfizer Inc and GlaxoSmithKline Plc , both beat
expectations for quarterly earnings on Wednesday, as did Wyeth
, indicating the sector's resilience.
|
Boeing profit falls on military, civil delays
(Reuters)
 Reuters - Boeing Co reported a
greater-than-expected 19 percent drop in quarterly profit on
Wednesday as it took a charge on a delayed military plane
contract and suffered knock-on effects of its troubled 787
Dreamliner program.
|
Wall Street flat as banks, retailers offset oil drop
(Reuters)
 Reuters - Stocks were little changed at the open
on Wednesday as a decline in shares of banks and retailers
offset optimism about a pullback in oil prices.
|
Northwest reports second-quarter loss on fuel bill
(Reuters)
Reuters - Northwest Airlines Corp
reported a quarterly net loss on Wednesday, reversing a
year-earlier profit, on skyrocketing fuel prices.
|
Oil prices, weak dollar caused food price rally: study
(Reuters)
Reuters - Rising oil prices and weakness in the
dollar have combined to push food prices sharply higher this
year, according to a study by agricultural economists released
on Wednesday.
|
Moderate and lower earners under more pressure
(Reuters)
Reuters - The trouble that began last summer
in the financial markets raised the likelihood of a U.S.
recession, but for America's middle class, the downturn has
been under way for many years, experts plan to tell a
congressional panel on Wednesday.
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