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Business - Exclusive: Boeing loses large satellite deal due to trade credit woes - sources

Boeing Co is scrambling to find alternate financing for a satellite contract worth `several hundred million dollars` that was scuttled by privately held commercial satellite provider ABS due to uncertainty about the future of the U.S. Export-Import Bank, three sources familiar with the matter said on Tuesday. ABS told Boeing, the largest U.S. exporter, that it would have to consider non-U.S.-based producers to build ABS-8, given the absence of U.S. export credit financing, the sources said. Boeing first announced the ABS contract in June, saying the new satellite, scheduled for delivery in 2017, would expand broadcast and enterprise services to Australia, New Zealand, the Middle East, Russia, South Asia and Southeast Asia.

Wednesday, August 05, 2015  03:44


Business - Raising interest rates with zero inflation is a hard sell

By Mike Dolan LONDON (Reuters) - Americans and Britons bracing for their first interest rate rises in almost a decade are puzzled: why are rates about to go up when there`s no inflation? Both the Federal Reserve and Bank of England are proclaiming that they are on the cusp of raising interest rates for the first time in almost a decade. It`s not hard to see why near-zero interest rates should be `normalized` when you do a quick economic health check.

Wednesday, August 05, 2015  06:07


World - Asian stocks mostly higher as investors await US data

SEOUL, South Korea (AP) — Asian stock markets were mostly higher Wednesday as investors waited for U.S. jobs data to assess when the Federal Reserve will increase interest rates that have been at a record low.

Wednesday, August 05, 2015  05:31


Business - This web game shows you why self-driving cars are better

Wednesday, August 05, 2015  05:14


Top Stories - Celebrity photog Peter Freed`s in his `Prime`

Peter Freed is running a Kickstarter campaign to finance his book about women over 35.

Wednesday, August 05, 2015  04:20


Middle East - Obama Begins Campaign in Congress for Iran Nuclear Deal

President Obama is rolling out a public and private campaign to build support for a nuclear deal, and to counter a well-financed onslaught from critics.

Wednesday, August 05, 2015  02:50


Business - Intel tackles diversity problem through referral bonuses

If the Ellen Pao case showed us anything, it`s that Silicon Valley is still very much a (white) boy`s club. In response a number of industry leaders including Apple, IBM, and Google, have pledged anywhere ...

Wednesday, August 05, 2015  02:33


Business - Murray Energy CEO: Power Plan Is a Tragedy for America

Murray Energy Founder and CEO Robert Murray says the Obama Administration`s new Clean Power Plan will have a negative impact on the U.S. economy.

Tuesday, August 04, 2015  23:34


World - Apple slump deepens on iPhone, China concerns

SAN FRANCISCO (AP) — Apple is slumping as the usually high-flying tech stock struggles with the burden of raised expectations.

Tuesday, August 04, 2015  23:34


Personel Finance - Where rents are rising the fastest

Rents rose 4.3% nationwide in May, according to Zillow, but some cities are experiencing much faster growth. Here`s a look at how quickly rents rose in regions across the country compared to the year before.

Wednesday, August 05, 2015  03:26

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