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Iran plans to buy 80-90 Boeing, Airbus planes a year, post sanctions

DUBAI - Iran plans to buy as many as 90 planes per year from Boeing and Airbus to revamp its antiquated fleet once Western sanctions are lifted, its state news agency IRNA quoted a senior aviation official as saying on Sunday.

Recent Business News

U.S. wage growth brakes in second-quarter; consumer sentiment slips

WASHINGTON - U.S. labor costs in the second quarter recorded their smallest increase in 33 years as workers earned less in commissions and bonuses, in what appeared to be a temporary wage growth setback against the backdrop of diminishing labor market slack.

31 Jul 2015

Goldman tentatively agrees to pay $270 million to settle lawsuit: source

- Goldman Sachs Group Inc has tentatively agreed to pay about $270 million to settle a lawsuit by investors, according to a source familiar with the matter.

Puerto Rico will fail to make Aug.1 payment, signaling default

- Puerto Rico will miss a payment on debt due Aug. 1, the governor's chief of staff said on Friday, an event that will be considered a default by investors as the commonwealth lurches towards what could be one of the largest U.S. municipal debt restructurings in history.

31 Jul 2015

Wall Street ends lower as weak oil weighs

- Wall Street ended on a sour note on Friday as a drop in energy stocks eclipsed wage data that supported expectations that the U.S. Federal Reserve might hold off on an interest rate. | Video

31 Jul 2015

Yahoo buys fashion website Polyvore

- Yahoo Inc said on Friday it agreed to buy fashion start-up Polyvore to help drive traffic and strengthen its mobile and social offerings.

Tech, Deals 31 Jul 2015

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