Business News

Congress Still Deadlocked

ABJ – Oct. 7 – With the federal government in partial shutdown for the start of a second week, the main date to watch on the calendar is Oct. 17. That’s the date when Congress must increase the country’s debt ceiling or risk default for ...
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Airbus Deal with Japan Airlines

ABJ – Oct. 7 – Airbus has landed its first jet order from Japan Airlines for 31 wide-body A350 jets with a combined $9.5 billion list price. The agreement could be seen as a potential blow to a Japanese aerospace industry that ...
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BlackBerry May Attract More Bidders

ABJ – Oct. 7 – It now appears as if troubled smartphone maker BlackBerry could potentially receive competing bids for its sale after it was revealed the company has been in talks with Cisco, Google and SAP. BlackBerry has until Nov. ...
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Congressmen Still Paid During Shutdown

ABJ – Oct. 2 – Despite the partial shutdown of services within the U.S. federal government, affecting about 800,000 workers nationwide, the very people causing the interruption continue to be paid in full.  That’s right – the 533 members of Congress still get their paychecks ...
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Partial Government Shutdown

ABJ – Oct. 1 – Up to one million U.S. federal workers in the were thrown temporarily out of work at 12:01am this morning as the American government partially shut down for the first time in 17 years in a stubborn standoff between President Barack ...
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Government Headed for Shutdown

ABJ – Sept. 30 – It appears as if the nation’s government will undergo its first partial shutdown in 17 years at midnight tonight, after a weekend with no negotiations or compromise from the Congress or the White House. House Republican Speaker ...
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Rumors Swirl About Ford’s Mulally

ABJ – Sept. 30 – Ford Motor Co. COO Mark Fields says company CEO Alan Mulally remains "absolutely focused" on being a major part of the automaker's long-term strategy. Fields was answering questions by reporters in Detroit about the persistent rumors that state Mulally is ...
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BlackBerry Loses $965M in One Quarter

ABJ – Sept. 27 – The news was first leaked late last week, but as of this morning it has been confirmed that BlackBerry has posted a second-quarter loss of just under $1 billion – $965-million U.S. to be precise. The loss ...
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Barrick Looks at More Asset Sales

ABJ – Sept. 25 – Barrick Gold, the world’s largest gold producer, is in talks about additional asset sales, with the primary ogal of divesting itself of some smaller, higher-cost to operate mines. In an interview with Reuters, CEO Jamie Sokalsky says ...
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Home Prices Move Up

ABJ – Sept. 24 – Home prices in America were up in July, but the rate of gain was slowed due to a decline in consumer confidence, which in turn underscores the potential for higher borrowing costs and a sluggish economy to make a mark ...
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