Boeing gets $7 billion order from Cathay Pacific for 777X jets
(Reuters) – Boeing Co said it won an order from Cathay Pacific Airways Ltd for 21 Boeing 777X jets, valued at more than $7 billion at current list prices.
Analysis: After market surge, investors switch focus to unloved stocks
NEW YORK (Reuters) – With the U.S. stock market on pace to end the year with a gain of almost 30 percent, including dividend payouts, fund managers are finding themselves searching for stocks that have been largely ignored as they head into 2014.
Promotions, fewer new generic drugs hurt Walgreen
(Reuters) – Walgreen Co , the largest U.S. drugstore operator, reported higher quarterly sales on Friday, but an increase in promotions and a slowdown in the introduction of higher-profit generic drugs cut into its gross profit margin.
Navistar revenue drops 13.5 percent as market share slips
(Reuters) – Truck and engine maker Navistar International Corp reported a 13.5 percent drop in quarterly sales, hurt by weak demand across businesses and market share losses as it moves to a new emission technology.
S&P cuts EU’s AAA rating, European officials dismiss move
BRUSSELS (Reuters) – Credit agency Standard & Poor’s cut its triple-A rating of the European Union by one notch on Friday, saying it had concerns about how the bloc’s budget was financed, a view EU leaders and other officials dismissed as misguided.
China to make new bid to join global procurement pact in 2014
BEIJING (Reuters) – China has agreed to make a revised offer to join a global agreement aimed at creating a level playing field for foreign companies competing for government contracts, senior U.S. and Chinese officials said on Friday.
Bernanke’s 11th hour pivot smooths path for Yellen at Fed
SAN FRANCISCO/NEW YORK (Reuters) – By ensuring the Federal Reserve begins trimming its massive bond-buying stimulus before a more hawkish contingent of voters comes on board next year, Fed Chairman Ben Bernanke has greased the skids politically for his…
Yellen expected to win Senate test vote on Friday to head Fed
WASHINGTON (Reuters) – The Democratic-led U.S. Senate is expected to wrap up its work for the year on Friday by moving to clear President Barack Obama’s nomination of Janet Yellen to head the Federal Reserve.
EU says Google concessions in antitrust case not acceptable
BRUSSELS (Reuters) – Google’s revised proposals to settle an antitrust case are not acceptable, European Union competition commissioner Joaquin Almunia said on Friday.
BOJ hails Fed tapering, sticks with its own massive stimulus
TOKYO (Reuters) – Japan’s central bank held its massive monetary expansion unchanged on Friday, and played down chances of the need for an extra dose next year as it took heart from the U.S. Federal Reserve’s decision to begin tapering its own mega-sti…
