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US Airways chief warns lawmakers of potential service cuts

Wed, 19 Jun 2013 21:40:41 GMT

Forcing a combined American Airlines and US Airways Group to surrender slots at Reagan National Airport would risk fewer flights to small and medium-sized cities, US Airways CEO Doug Parker told lawmakers on Wednesday.

Cliffs could halt Bloom Lake expansion if iron price falls

Wed, 19 Jun 2013 21:04:19 GMT

Cliffs Natural Resources Inc said on Wednesday that if iron ore prices fell further, it could scrap a key expansion at its Bloom Lake mine in Canada's iron-rich Labrador Trough region.

Precious Metals and Stocks Sink After Federal Reserve Statements

Wed, 19 Jun 2013 20:40:04 GMT

Your daily recap on precious metals.

Instant View: Fed to keep buying bonds, boosts 2014 forecasts

Wed, 19 Jun 2013 19:41:55 GMT

The Federal Reserve on Wednesday said it would keep buying $85 billion in bonds per month and gave no explicit indication that it was close to scaling back the program, despite intense market speculation it could soon start drawing it to a close.

Web retailer Fab valued at $1 billion with funding from Tencent

Wed, 19 Jun 2013 18:50:03 GMT

Fab has raised $150 million from several investors, including Tencent Holdings , that values the online retailer at $1 billion.

Exclusive: Forest interested in bidding for Irish drugmaker Elan - sources

Wed, 19 Jun 2013 18:01:43 GMT

Forest Laboratories Inc is among a handful of companies interested in bidding for Irish drugmaker Elan Corp , according to two people familiar with the situation who wished to remain anonymous because they are not permitted to speak to the media.

U.S. judge limits ex-Goldman Sachs executive's defense in fraud case

Wed, 19 Jun 2013 17:20:35 GMT

A federal judge on Wednesday limited the extent to which former Goldman Sachs Group Inc vice president Fabrice Tourre can argue that he was acting on the advice of company lawyers in his defense against charges that he misled investors.

Sky's the limit for civil drones

Wed, 19 Jun 2013 16:30:24 GMT

From their roots in spying and stealth military attacks, unmanned planes are spreading into the civilian sphere and could soon be put to work in tasks as diverse as inspecting oil pipelines, catching rhino poachers and even flying travelers.

BlackBerry shares fall as analyst downgrades stock ahead of earnings

Wed, 19 Jun 2013 15:38:53 GMT

BlackBerry shares fell nearly 4 percent on Tuesday after a Bernstein Research analyst cut his rating on the stock to "underperform" ahead of the company's quarterly earnings release next week.

An ETF For Quality Connoisseurs

Wed, 19 Jun 2013 14:26:04 GMT

Few investors intentionally look for ETFs that hold a plethora of stinky stocks, but it is reasonable to say nearly all investors that use ETFs want funds that are backed by strong holdings.