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
U.S. jobless claims fall to near 45-year low; six states estimated
The number of Americans filing for unemployment benefits unexpectedly fell to a near 45-year low last week, but claims for six states were estimated because of Monday's Presidents Day holiday.
Stock futures largely flat as Fed points to more rate hikes
US stock futures were little changed on Thursday, as the prospects of further interest rate increases this year kept investors on the edge.
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".
Man lobs grenade at U.S. embassy in Montenegro, then blows himself up
An unidentified man threw an explosive device, probably a hand grenade, at the U.S. embassy building in Podgorica, the capital of Montenegro, around midnight before blowing himself up, the government said on Thursday.
Exp: Feb 18
Exp: Feb 18
Exp: Mar 18
Record high stocks of copper in land-locked Arizona and Utah are a reflection of soaring transport costs in the United States and weak demand for the industrial metal produced in the Americas, copper industry sources say.