Biz News Archive

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Vice President Joe Biden condemned an Israeli plan to build new houses in East Jerusalem, saying it threatened to undermine a U.S. effort to restart the Israeli- Palestinian peace process that had brought him to the region.
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Why Tech Has Room to Run

Why you can expect tech stocks to continue their surge
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PT Astra International, Indonesia’s biggest auto dealer, said the nation must build more roads and keep interest rates low to revive demand for Toyota Motor Corp. cars that slumped amid last year’s global recession.
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Boeing Vows to Surpass Airbus

Boeing plans to ramp up production of its 787 Dreamliner jet to 2.5 a month by August
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U.S. Millionaires Grew 16% in 2009

Stock market increases helped lift the number of families with a net worth of at least $1 million–minus their primary residence–to 7.8 million
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Defense Secretary Robert Gates ventured into the Afghan war zone yesterday, pinning awards for bravery on U.S. troops and shaking hands with farmers selling goods in a provincial market revived by security gains.
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Obama backs Greece on speculators

President Barack Obama has ‘responded positively’ to calls to clamp down on market speculators, says the Greek PM after talks.
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Time Warner Cable Inc. plans to ask U.S. regulators to block broadcasters from cutting signals during fee disagreements, aiming to avoid disruptions such as Walt Disney Co.’s blackout of the Academy Awards.
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InterMune Inc. won a U.S. panel’s backing to introduce the first treatment for a deadly lung disease that afflicts about 100,000 Americans.
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EADS: Tanker Retreat Is Final

European Aeronautics, Defense & Space Co. Chief Executive Officer Louis Gallois said his decision to abandon the $35 billion U.S. Air Force Tanker bid is final, as some European politicians suspected local favoritism.
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Greece’s debt crisis may lead to slower U.S. growth, a rising dollar and turmoil in credit markets that may make it more difficult for cash-strapped states such as California to borrow.
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CBS Corp. Producer Robert “Joe” Halderman pleaded guilty to second-degree larceny for trying to extort $2 million from David Letterman after he drafted a screenplay treatment about the talk show host’s personal life.
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Allergan Inc.’s Botox for reducing facial wrinkles was approved by U.S. regulators to treat spasticity in the flexor muscles of the elbow, wrist and fingers, the Food and Drug Administration said today in a statement.
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Budget squeeze sours jobs picture

Another big employer is hanging out the “Not Hiring” sign.
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Taxpayers may still be able to deduct last-minute donations to Chile earthquake relief from their 2009 taxes, if a bipartisan bill introduced in the House on Tuesday is signed into law.
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Cadillac Distances Itself From GM

Cadillac, the luxury brand General Motors Co. acquired in 1909, is distancing itself from the Detroit-based automaker to avoid the stigma of the parent company’s $50 billion U.S.-backed bankruptcy last year.
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New Jersey Governor Chris Christie said he is unable to lay off or furlough state workers to help close a budget gap.
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U.S. minted more millionaires in 2009

America’s millionaires are making a comeback, according to a report released Tuesday.
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Northrop’s decision to forgo bidding on the U.S. Air Force’s $35 billion refueling tanker program leaves Boeing without a competitor, but there may be more twists ahead
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Merkel seeking speculator limits

Angela Merkel calls for limits on financial speculators who have been blamed for worsening Greece’s financial woes.
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U.S. stocks rose, halting a global slide, and the dollar pared gains amid growing optimism an improving American economy will justify a yearlong rally in equities. Oil fell, pacing a retreat in commodities.
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Aer Lingus to make 670 job cuts

Aer Lingus announces plans to lay off 670 staff, including nearly a quarter of its cabin crew, as part of restructuring plans.
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BA strike talks deadline extended

Talks aimed averting strike action by BA cabin crew have been extended by an extra half day to Wednesday lunchtime.
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It looks like ice — but this ice could one day be used to heat your home.
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