NEW YORK - Last March, General Electric’s power-plant business predicted rising revenue and profit from natural gas and coal. That forecast turned out to be a mirage.
Business & Financial News, U.S & International Breaking News
Buffett letter may tout optimism as broader market worries ebb
Warren Buffett may use part of his annual letter to Berkshire Hathaway Inc shareholders, due on Saturday, to renew his optimism about America, at a time economic growth is on the upswing and U.S. stocks sit near record highs despite rising interest rates.
Wall Street set for higher open; inflation worries remain
U.S. stock index futures were higher on Thursday as bond yields eased off four-year highs, with traders taking stock of the Federal Reserve's views on inflation.
Ford veteran Galhotra takes over as North America chief
Ford Motor Co on Thursday appointed Kumar Galhotra as president for its North America business, replacing Raj Nair, who left the company on Wednesday after an internal investigation found his behavior inconsistent with the company's code of conduct.
Iran says may withdraw from nuclear deal if banks continue to stay away
Iran will withdraw from the 2015 nuclear deal if there is no economic benefit and major banks continue to shun the Islamic Republic, its deputy foreign minister said on Thursday.
North Korean closing Olympics delegation includes man blamed for deadly sinking
North Korea will send a high-level delegation to South Korea for the Winter Olympics closing ceremony, officials said on Thursday, including the man blamed for the 2010 sinking of a South Korean navy ship that killed 46 sailors.
U.N. pleads for truce to avert 'massacre' as strikes hit Syria's Ghouta for fifth day
Warplanes pounded the last rebel enclave near the Syrian capital for a fifth straight day on Thursday as the United Nations pleaded for a ceasefire to halt one of the fiercest air assaults of the seven-year civil war and prevent a "massacre".
Exp: Feb 18
Exp: Feb 18
Exp: Mar 18