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Business News
Long-time Lilly CEO Lechleiter to retire in December
Eli Lilly Chairman and CEO John C. Lechleiter will retire in December after leading the drugmaker through a challenging period in which it lost U.S. patent protection for several top-selling products....
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Pending US home sales improved slightly in June
WASHINGTON (AP) -- The number of Americans who signed contracts to buy homes crept up in June, a possible indication that the recent growth in real estate sales is still on track....
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Fiat Chrysler raises outlook as Q2 profits jump 25 percent
MILAN (AP) -- Fiat Chrysler Automobiles on Wednesday raised its earnings forecasts after reporting a 25 percent increase in second-quarter profits as SUV and truck sales offset the impact of slumping demand for passenger cars in North America....
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Spanish court convicts 11 in pyramid-scheme stamp fraud
MADRID (AP) -- Spain's National Court has sentenced 11 former company directors to prison terms of between two and 12 years for running a fraudulent multi-billion-euro (-dollar) pyramid scheme that used the savings of hundreds of thousands of small-time investors....
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Markets Right Now: US stocks open higher
NEW YORK (AP) -- The latest on developments in global financial markets (all times local):...
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