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FINANCE
Today's Business Headlines
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First an iPhone price cut left early buyers feeling foolish, and then came reports that some iPods were spitting sparks. Now the new iPhone 3G has been marred by bugs, spotty service, disappearing programs for the device and a veil of secrecy over software developers trying to broaden its appeal.
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The economy pulled out of a dangerous rough patch in the spring, thanks largely to strong exports, but the rebound isn't expected to last. Economic slowdowns overseas could make exports tail off just as Americans are hunkering down after the bracing impact of rebate checks wanes, plunging the country into another rut later this year.
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Boeing Co. delivered a final contract offer to its union machinists Thursday that would boost pay by $34,000 on average over three years, the latest effort by the airplane maker to avoid a strike that could cost it millions of dollars a day.
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Computer maker Dell Inc. said Thursday its fiscal second-quarter profit fell 17 percent, hurt in part by lower prices and restructuring charges. The earnings were short of Wall Street estimates, and Dell shares plunged.
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Rising sales in Asia and Europe boosted Tiffany & Co.'s second-quarter profit on Thursday, signaling that strong international demand for jewelry is helping offset U.S. economic weakness.
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FINANCE VIDEOS - U.S.
Bush Still Hopeful On Trade Deal - video
President Bush called on Congress to pass the Colombia trade deal, ...
Oil Hammers Stocks - video
Record fuel prices and fears of inflation give US markets their worst ...
McCain Pronounced In "Excellent Health" - video
Republican John McCain has had no recurrence of a potentially deadly ...
Airlines Hammered By High Oil - video
High oil prices continue to bruise airline stocks. UBS cuts its ...
FINANCE VIDEOS - EUROPE
A Tech 'Renaissance' In Europe - video
Central and Eastern Europe has quietly become a hub of innovation for ...
BAA Break Up? - video
Britain's aviation regulator wants to explore the break up of BAA, ...
WPP Ceo On Rise Of Online Ads - video
Chief Executive of the world's second-largest ad company Martin ...
Oil Tops $135 Per Barrel - video
As oil continues its upward rise airlines feel the pinch of soaring ...
FINANCE VIDEOS - ASIA
UK Fund Takes On Japan Inc. - video
A UK fund denied a larger stake in a Japan firm is waging a proxy ...
Asia Stock Rebound - video
Bargain hunting lifts Asia stocks, but inflation fears persist as oil ...
US: Market Sees Turmoil Ending - video
Global financial markets are starting to heal from over $300 billion ...
Asia Stocks Slide - video
Rising inflation fears provokes biggest Nikkei fall in 6 weeks ...