The Other Side of Life 24/7: Business Today: Boeing's profit rises on higher deliveries

Wednesday, January 28, 2015

Business Today: Boeing's profit rises on higher deliveries

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01/28/2015

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Boeing's profit rises on higher deliveries

(Reuters) - Boeing Co , the world's biggest planemaker, reported a 19 percent rise in quarterly profit, helped by booming demand for commercial aircraft.

Stock futures up with Apple, Boeing; Fed eyed

NEW YORK (Reuters) - U.S. stock index futures rose on Wednesday, boosted by earnings including from Apple and Boeing, while focus could shift later in the day to the Federal Reserve's first two-day policy meeting of the year.

Fed seen remaining patient with rate guidance amid global turmoil

WASHINGTON (Reuters) - The Federal Reserve is expected to signal it remains on track to begin raising interest rates later this year, as the central bank shows confidence that low inflation and rising risks from abroad have yet to derail the U.S. economic recovery.

iPhone sales trample expectations as profit sets global record

(Reuters) - Apple Inc quarterly results smashed Wall Street expectations with record sales of big-screen iPhones in the holiday shopping season and a 70 percent rise in China sales, powering the company to the largest profit in corporate history.

Apple seen boosting share buybacks after blockbuster results

(Reuters) - Apple Inc's blockbuster results and a ballooning cash pile may prompt the company to boost share buybacks and dividends this year, with some analysts expecting the iPhone maker to return more than $200 billion to investors.

Head of games leaves Angry Birds company Rovio

HELSINKI (Reuters) - Finland's Rovio and the head of its games operation, Jami Laes, have parted company as the business behind Angry Birds continues to grapple with an increasingly competitive mobile games market.

Fiat Chrysler meets FY guidance as North America offsets weak Latam

MILAN (Reuters) - Fiat Chrysler Automobiles on Wednesday surprised the market by meeting its full-year guidance as strong results from North America and improving operations in Europe managed to offset persistent weakness in Latin America.

China regulator blasts Alibaba for illegal business on its websites

SHANGHAI (Reuters) - A China regulator has accused Alibaba Group Holding Ltd of failing to clean up what it called illegal business deals on the e-commerce titan's platforms, in an unusually strong government criticism of one of the country's biggest private firms.

Shake Shack now expects IPO to be priced higher at $17-$19 a share

(Reuters) - Burger chain Shake Shack Inc now expects its initial public offering to be priced at $17-$19 per share, up from $14-$16 expected earlier, valuing the company at up to $674.5 million.

Shell signs $11 billion deal to build petrochemicals plant in Iraq

BAGHDAD (Reuters) - Royal Dutch Shell has signed a deal with Iraq worth $11 billion (7 billion pounds) to build a petrochemicals plant in the southern oil hub of Basra, Industry Minister Nasser al-Esawi said on Wednesday.