Asian shares shine on U.S. tech results, ECB hopes

TOKYO - Asian shares rose on Wednesday as upbeat results from two U.S. technology bellwethers and hopes of fresh stimulus from the European Central Bank offset concerns about the outlook for the global economy.

Recent Business News

Wet European summer leaves Heineken beer sales short

BRUSSELS - Heineken , the world's third largest brewer, reported lower than expected beer sales in the third quarter as Europeans drank less during a wet summer, but retained its full-year outlook.

2:57am EDT

U.S. existing home sales at one-year high, prices up

WASHINGTON - U.S. home resales raced to a one-year high in September, the latest indication the housing market recovery is gradually getting back on track.

21 Oct 2014

Total board to consider split of CEO/Chairman roles: Les Echos

PARIS - The board of French oil group Total will meet on Wednesday to consider splitting the chairman and chief executive roles previously held by Christophe de Margerie, who died in a plane crash in Moscow on Monday, Les Echos newspaper reported.

3:43am EDT

Airbus Helicopters expects China to become biggest market by 2020

BEIJING - Airbus Helicopters, the world's largest civil helicopter maker, expects China and Hong Kong to become its biggest global market within six years as Beijing starts to lift restrictions on the use of low altitude airspace from 2015.

Boeing and Chinese partner to make jet fuel from 'gutter oil'

BEIJING - Aircraft makers Boeing and Commercial Aircraft Corp of China have launched a joint pilot project to turn used cooking oil into jet fuel.

Environment, China 3:36am EDT


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Sector Summary

Why the U.S. is spending $1 trillion on nukes

The Congressional Budget Office estimates the 10-year costs of maintaining and modernizing our existing arsenal at $355 billion, with another $215 billion slated for "other nuclear-related activities."