A program tracking U.S. green jobs that was faulted by Republican lawmakers will be scrapped by the Bureau of Labor Statistics as part of automatic budget cuts set to take effect today, according to a person familiar with the decision.
Boeing Co. is poised to keep the title of world’s largest planemaker for at least two more years amid rising deliveries of the delayed 787 Dreamliner, the jet that helped it beat Airbus SAS for the first time in a decade.
Boeing Co. resumed a $3.6 billion stock-buyback plan that was suspended amid delays on its 787 Dreamliner, and analysts predicted more cash will be returned to shareholders as profit rises along with jet deliveries.
U.S. benchmark stock indexes fell from almost five-year highs and Spanish bonds slid after finance chiefs deadlocked at euro-area debt-crisis talks and New York manufacturing slumped. Oil plunged, extending losses in commodities and shares of energy producers.