Business News / Business

Boeing handily beats profit estimates

CHICAGO -- Aerospace and defense giant Boeing on Wednesday reported record revenue on the strength of its commercial airplane business, and its profits exceeded Wall Street expectations.

Meanwhile, its CEO on Wednesday attempted to allay fears ...

Fed holds the line, no hint on rate hikes

WASHINGTON -- Seeing no signs of building inflation and making no mention Europe's widening financial woes, the Federal Reserve on Wednesday kept its benchmark interest rate at near zero and gave no hint of an imminent change in policy.

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Sears cuts jobs in effort to reduce expenses

CHICAGO -- Sears Holdings cut 115 jobs at its headquarters and various corporate support locations as it seeks to reduce expenses in the face of years of losses.

Employees were notified Tuesday that 100 positions at the company's headquarters, in...

A defiant Lyft to launch in Philly Friday

PHILADELPHIA -- Lyft, the ride-share service known for the distinctive pink mustaches that adorn its drivers' cars, says it will launch its service in Philadelphia on Friday, in defiance of a ban by the Philadelphia Parking Authority.

"From ...