Under pressure from stockholders to raise stock prices, Wendy’s International Inc. will offer up to 18 percent of it’s portion of the Tim Horton donut chain to the public and close as many as 450 of it’s Wendy’s fast food restaurants, it was announced on Friday. The value of shares in Wendy’s have risen by [...]

Officials of US aircraft manufacturer Boeing said on Tuesday that it believes it will win its World Trade Organization case charging the European Union of paying illegal subsidies to European aircraft maker Airbus, and that the WTO will make Airbus pay back the money that it has received from governments within the EU. Boeing claims [...]

New York Attorney General Eliot Spitzer warned radio stations that they would not escape scrutiny as his investigation into pay-for-play schemes in which music companies pay for airplay of songs released on their labels. The warning came as Mr. Spitzer announced the first settlement by a music company in the year-long investigation. Sony BMG Music [...]

Some US congressmen would appear to be upset by the impending departure from office of Federal Reserve chairman Alan Greenspan. Amid the tributes and accolades during Mr. Greenspan’s semi-annual report on the economy in front of the House Financial Services Committee, California Representative Brad Sherman, a Democrat, said that he is introducing a bill that [...]

The New York equities markets had to recover from losses incurred by disappointing quarterly results from General Motors, Intel, and Yahoo. The Dow, the S&P and Nasdaq all managed to finish the day in positive territory, though. The Dow Jones Industrial Average gained 0.4 percent to 10,689.15, the S&P 500 was up 0.5 percent to [...]

Microsoft is suing Google to stop one of its top engineers from going to work for Google. Kai-Fu Lee was in charge of Microsoft’s research and development center in Beijing before going to work at the company’s head office in Redmond, Washington, in the United States. However, on Tuesday Google named Mr. Lee president of [...]

Shares in Maytag gained over 9 percent to $16.91 in early-day trading in New York, while Whirlpool was up by over 5 percent on the announcement that Maytag will consider an unsolicited takeover bid from Whirlpool. Whirlpool’s bid of $1.3 billion is higher than the $1.125 billion bid from a group headed by Ripplewood Holdings [...]

A decision handed down by the US 9th Circuit Court of Appeals late Thursday afternoon that immediately ended the ban on importation of Canadian cattle into to the US due to fears of mad cow disease sent shares of Tyson Foods Inc. soaring on Friday morning. The stock gained 7.5 percent, or $1.39 to trade [...]

Southwest Airlines had an increase of 41 percent in net profits despite the increase in oil prices, and it has set a target of an additional increase of 15 percent for next year’s earnings. Net profits increased in the second quarter to $159 million, up from $113 million. Southwest, the largest US air carrier when [...]

US equities markets ended the day in positive territory on Wednesday on news that the US trade deficit dropped in May as well as on falling oil prices. The Dow Jones Industrial Average finished the day up 0.47 percent at 10,577.00, while the Nasdaq composite closed ahead by 0.13 percent to 1,569.00 and the S&P [...]