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National Business News

Trustee opposes $20M payout to American Air CEO

The Justice Department is objecting to a proposed $20 million severance payment for American Airlines CEO Tom Horton, saying it's bigger than allowed by bankruptcy law.

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Archive by category ''National Business News

TECHNOLOGY

Schumer urges look at security in Sprint deal

Sen. Charles Schumer urged regulators to "use extreme caution" when reviewing the proposed acquisition of No. 3 cell carrier Sprint Nextel by Japan's Softbank, saying the Japanese company's use of Chinese networking equipment could open up U.S. networks to snooping and hacking.
NATIONAL BUSINESS NEWS

Metals and agricultural futures prices slip

Metals prices ended slightly lower Friday, as did agricultural futures.
NATIONAL BUSINESS NEWS

How the Dow Jones industrial average fared Friday

Major stock indexes closed out their first weekly loss in a month in quiet trading Friday.
NATIONAL BUSINESS NEWS

Stocks barely budge; market ends week with loss

Major stock indexes closed out their first weekly loss in a month in quiet trading Friday.
NATIONAL BUSINESS NEWS

Delta ups the ante in battle for NY travel market

Delta's formula for winning over New York travelers is simple: floor-to-ceiling windows, abundant power outlets and a burger joint with a cult-like following.
NATIONAL BUSINESS NEWS

Investors shift focus to growth stocks

Growth stocks, neglected at the start of the year, are starting to get a bit of love from investors again.
NATIONAL BUSINESS NEWS

House-hunting Chinese send some wealth to Seattle

Real-estate agent Joseph Ho climbed the gilded staircase of a Hunts Point, Wash., mansion listed for almost $5 million, shooting video on his Apple iPad tablet and narrating in Chinese.
NATIONAL BUSINESS NEWS

Oil ends week down 2 pct on tepid demand outlook

The price of oil fell 2 percent this week, as oil traders worried about global demand and shared the stock market's concerns about possible changes to the Federal Reserve economic stimulus program.
NATIONAL BUSINESS NEWS

Government, creditors object in CODA bankruptcy

Attorneys for the federal government and unsecured creditors have filed objections to electric car maker CODA Holdings' bankruptcy plans.
NATIONAL BUSINESS NEWS

Recalls this week: Children's beds, shades

A line of children's beds with defective mattress support rails and motorized shades with overheating batteries are among this week's recalled consumer products.