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Business News
Boeing reports first quarterly loss in nearly 7 years
NEW YORK (AP) -- Boeing, absorbing billions in write-downs related to two of its newest commercial jets and a military fuel tanker, reported its first quarterly loss in nearly seven years....
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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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Orders for durable goods plunged in June
WASHINGTON (AP) -- Orders to U.S. factories for long-lasting manufactured goods fell in June by the largest amount in nearly two years, reflecting a big decline in the volatile category of commercial aircraft and broad weakness across a number of other areas. The key category that tracks business investment eked out a small gain....
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Coca-Cola cuts sales outlook amid weak international demand
ATLANTA (AP) -- Coca-Cola trimmed its sales outlook for the year Wednesday, citing weakening demand in major international markets including China and part of South America....
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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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