SAN FRANCISCO (AP) - Visa says former JPMorgan executive Charles Scharf will become its next CEO, effective Nov. 1.
Scharf also is a former Visa Inc. director. He will replace Joseph Saunders, Visa's CEO since 2007. Saunders will remain Visa's executive chairman until his employment with
NEW YORK (AP) - Corning said Wednesday that it will likely cut costs, which may include "modest" job cuts, to support profit in a weakening economy.
It's the latest manufacturer to warn that the slowing global growth is hurting its business. Weaker global growth hurt Corning's
OMAHA, Neb. (AP) - Billionaire investor Warren Buffett says he continues looking for a major acquisition for his Berkshire Hathaway, but he's not willing to pay more to compete with other bidders.
Buffett says Berkshire has lost out on a couple of major acquisitions in recent years because
NEW YORK (AP) - Stock futures are rising ahead of the latest U.S. housing data and on a report from China that could signal a recovery for the manufacturing sector of the world's second largest economy.
Dow Jones industrial futures are up 43 points to 13,084. The broader S&P futures have
LONDON (AP) - Cooks, cleaners and dozens of other female workers won a key equal pay ruling at Britain's High Court on Wednesday in a case which lawyers say will effectively extend the amount of time people in this country have to file such claims.
The case involved 174 female workers who are
By DAVID KOENIGAP Airlines Writer
DALLAS (AP) - US Airways turned in a strong performance during a three-month stretch that covers much of the peak summer vacation season.
Net income for the third quarter was a record $245 million, or $1.24 per share, compared with $76 million, or 41 cents per
NEW YORK (AP) - Barnes & Noble Inc. said Wednesday that the tampering of devices used by customers to swipe credit and debit cards in 63 of its stores was a "sophisticated criminal effort" to steal information, and reiterated it's working with federal law enforcement authorities.
By JOSH FUNKAP Business Writer
OMAHA, Neb. (AP) - Billionaire investor Warren Buffett said Wednesday that the global economy is definitely slowing because of continued problems in Europe and the decline in Asia.
But he said that the U.S. economy is still improving modestly and business will
By JOSHUA FREED and SAMANTHA BOMKAMPAP Airlines Writers
Delta Air Lines reported a billion-dollar third-quarter profit and said demand is holding up well.
The world's second-largest airline posted net income of $1.05 billion, or $1.23 per share, compared with $549 million, or 65 cents, a
By JOSHUA FREEDAP Business Writer
Boeing said its net income this year will be bigger than it had expected as deliveries of commercial airplanes picks up.
Higher pension expenses hurt Boeing's third-quarter profit, but other measures for the big airplane maker and defense contractor were