Posts Tagged Business

France: Air Algerie flight vanished over Mali

The logo of the Air Algerie company office, at the Opera avenue in Paris Thursday July 24, 2014. A flight operated by Air Algerie has disappeared from radar while traveling from Burkina Faso in West Africa to Algiers. Authorities say it was carrying over 100 passengers and crew when air navigation services lost track of the Swiftair plane 50 minutes after takeoff earlier this morning. (AP Photo/Remy de la Mauviniere)

PARIS (AP) — France’s transport minister says the Air Algerie flight carrying 116 people vanished over northern Mali.

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GM profit 2Q falls 85 pct. on recall costs

In this May 13, 2014 file photo, an auto worker inspects finished SUVs coming off the assembly line at the General Motors auto plant in Arlington, Texas. General Motors reports quarterly financial results on Thursday, July 24, 2014. (AP Photo/LM Otero, File)

DETROIT (AP) — General Motors says second-quarter profit fell 85 percent as recall costs chopped $1.5 billion from the bottom line.

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Obama wants limits on US company mergers abroad

President Barack Obama waves to supporters as he arrives at Los Angeles International Airport Wednesday, July 23, 2014, in Los Angeles, for a 24-hour visit.  (AP Photo)

LOS ANGELES (AP) — President Barack Obama is tapping into growing misgivings about tax-driven overseas mergers by U.S. corporations, issuing a new call to end the practice quickly and questioning the patriotism and citizenship of those companies.

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Packers shareholders meeting at Lambeau Field

GREEN BAY, Wis. (AP) — The only publicly owned team in U.S. professional sports is holding its annual shareholders meeting.

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FAA lifts ban on US flights to Tel Aviv airport

WASHINGTON (AP) — The Federal Aviation Administration has lifted its ban on U.S. flights in and out of Israel, which the agency had imposed out of concern for the risk of planes being hit by Hamas rockets.

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