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Boeing wins order for 30 new-generation 737 jets
Boeing Co. says it is selling 30 of its new generation 737-MAX 8 jets, extending the popularity of the fuel-efficient short-haul aircraft at the Paris Air Show. The 737-MAX 8 planes have a list price of $100.5 million, although most customers negotiate steep discounts. Aircraft leasing company CIT Aerospace, which ...
Senator: IRS to pay $70M in employee bonuses
The Internal Revenue Service is about to pay $70 million in employee bonuses despite an Obama administration directive to cancel discretionary bonuses because of automatic spending cuts enacted this year, according to a GOP senator. Sen. Chuck Grassley of Iowa says his office has learned that the IRS is executing ...
House to consider cuts to food stamps
A wide-ranging farm bill the House is considering would cut food stamps by $2 billion a year and make it more difficult for some people to qualify for the domestic food aid program. Passage of the five-year, half-trillion-dollar farm bill could depend on the level of cuts to the $80 ...
Japan's trade deficit climbs to $10.5B in May
Japan's trade deficit rose nearly 10 percent in May to 993.9 billion yen (nearly $10.5 billion), highlighting the challenge Prime Minister Shinzo Abe faces in revitalizing manufacturing as industries increasingly shift production offshore. Rising costs for imports due to the cheaper yen matched a 10 percent rebound in exports from ...
Investors look for answers on economy from Fed
Worry and speculation have consumed investors since Chairman Ben Bernanke spoke to Congress last month about the Federal Reserve's drive to keep long-term interest rates at record lows. On Wednesday, many hope the Fed will settle the confusion. Will the Fed scale back its $85 billion-a-month in bond purchases within ...
Oil falls near $98 a barrel before Bernanke speaks
The price of oil fell Wednesday, before the conclusion of a U.S. Federal Reserve meeting. Benchmark oil for July delivery fell 13 cents to $98.31 per barrel at midday Bangkok time in electronic trading on the New York Mercantile Exchange. The contract rose 67 cents to close at $98.44 a ...
Dish won't submit revised bid for Sprint
Satellite TV operator Dish Network Corp. said Tuesday it would not submit a revised bid for Sprint, leaving the path open for the wireless carrier to accept what it already considers a superior offer from Japan's Softbank. Dish said that Sprint Nextel Corp.'s decision to cut Dish's due diligence process ...
Rural lawmakers push for farm bill votes in House
Farm-state lawmakers are scrambling to win bipartisan support for a five-year, half-trillion-dollar farm bill on the House floor this week. The legislation would cut $2 billion a year from food stamps while raising subsidies for several crops. Though it has support from rural lawmakers across the political spectrum, it is ...
NSA director says plot against Wall Street foiled
The U.S. foiled a plot to bomb the New York Stock Exchange because of the sweeping surveillance programs at the heart of a debate over national security and personal privacy, officials said Tuesday at a rare open hearing on intelligence led by lawmakers sympathetic to the spying. The House Intelligence ...
Chrysler agrees to recall of Jeeps at risk of fire
After initially defying federal regulators, Chrysler abruptly agreed Tuesday to recall some older-model Jeeps with fuel tanks that could rupture and cause fires in rear-end collisions. But the recall, which came in an 11th-hour deal between the automaker and the National Highway Traffic Safety Administration, covers only 1.56 million of ...
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