Chinese consumers are loving KFC fried chicken again.
The U.S. is resuming delivery of Apache attack helicopters to Egypt and releasing half of the $1.3 billion a year in military assistance that was suspended last year.
Procter & Gamble Co. Chief Executive Officer A.G. Lafley is making progress on trimming costs from the world’s largest consumer-products company. Reviving sales growth has been harder.
U.S. stocks declined, halting the Standard & Poor’s 500 Index’s longest winning streak since September, after disappointing earnings reports from AT&T Inc. and Amgen Inc. and an unexpected drop in home sales.
Textron Inc. told workers today that it’s eliminating 750 jobs as it melds assets gained from its $1.4 billion Beechcraft Corp. acquisition with its Cessna line of propeller-driven aircraft.
Lamar Advertising Co. joined CBS Outdoor Americas Inc. in obtaining a ruling from the Internal Revenue Service that clears the way for its conversion to a real estate investment trust.
Boeing Co. posted the biggest gain in the Dow Jones Industrial Average after easing investors’ concern that the 787 Dreamliner would be a cash drain.
West Texas Intermediate crude fell to a two-week low as U.S. supplies reached the highest level in 83 years. Brent also slipped.
Gold futures rebounded from a 10- week low as falling U.S. home sales triggered concern that the economy still faces challenges, boosting demand for haven assets.
The disease known as bird flu has been found on a quail farm in California, prompting countries including Russia to ban poultry shipments from the state.
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