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Business News / Business

Airbus eyes new locations for engineering centers

Airbus lost the long and contentious bidding to build an aerial-refueling tanker for the U.S. Air Force, but Airbus Americas Chairman Allan McArtor asserts there are signs that Boeing Co. will stumble and give its rival a renewed opportunity.

"I ...

Men's Wearhouse fires founder George Zimmer

The one thing George Zimmer couldn't guarantee was his job at Men's Wearhouse.

The apparel retailer's founder and longtime pitchman was abruptly dismissed from his position as executive chairman, the retailer said in a curt statement Wednesday.

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As Bernanke clarifies Fed's moves, markets stumble

WASHINGTON -- The Federal Reserve might begin tapering off its economic life support late this year and finish a controversial program of bond purchases by the middle of the next year, Chairman Ben Bernanke said Wednesday in remarks that triggered...

Sprint shares dip after Dish fails to make bid

Wall Street took a step back from Sprint Nextel Corp. on Wednesday after potential acquirer Dish Network Corp. backed off.

Sprint shares fell 4.4 percent, a drop of 32 cents, to $7, and one analyst downgraded the stock.

Dish failed to meet a ...