Business News

  • Ford Issues Business Outlook
    Ford’s plan for an 8% to 9% operating margin by 2015 or 2016 may not be attainable because of the deep recession in Europe and currency devaluations in Venezuela, the company said.
  • Why Is Delta Afraid of This Tiny Airport?
    Sparks are flying between Delta Air Lines and backers of tiny Silver Comet Field, as the upstart Atlanta-area airport pursues U.S. approval to serve as many as four commercial flights a day.
  • Big Talent Agencies Reach Deal
    William Morris Endeavor Entertainment agreed to buy rival talent and marketing agency IMG Worldwide in a deal that will give WME a boost in the lucrative sports representation and sponsorship business.
  • Boeing Names Muilenburg as New Chief Operating Officer
    Boeing Co. promoted Dennis A. Muilenburg, CEO of Boeing Defense, Space & Security, as its new chief operating officer, a likely sign of the aerospace company’s succession planning.
  • Valassis to Be Acquired by Harland Clarke
    Valassis Communications will be taken private by Harland Clarke Holdings Corp. in a deal valuing the coupon publisher at about $1.31 billion.
  • Relationship Cools Between Drug Firms, Doctors
    U.K. drug maker Glaxo’s curbing of payments to doctors is a sign of a shift in health care: The once cozy relationship between pharmaceutical companies and physicians is cooling.
  • Carty and Franklin Resign from Barrick Gold Board
    Move comes after months of tension on the board of the world’s largest gold miner.
  • ADM to Move Its Headquarters to Chicago
    Agribusiness giant to move its headquarters to Chicago from Decatur, Ill., despite failure of state legislature to sweeten pot for it to remain in-state.
  • FedEx Profit Rises on Ground Shipping
    FedEx’s earnings rose but missed expectations as the shipping giant reported higher ground-shipping revenue and lower express-shipping sales.

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