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Business

McDonald's New McMuffin Gets Lean

McDonald's announced its new Egg White Delight McMuffin.

FAA: 787 Battery Fix Could Cost $465,000 per Plane

The Federal Aviation Administration formally lifted the grounding of Boeing's 787 Dreamliner fleet, effective Friday.

London Court Forces Commerzbank to Pay Banker Bonuses

A London appeal court on Friday upheld a ruling forcing Commerzbank to pay $65 million in bonuses to more than 100 investment bankers.

Small Businesses Still Struggling in California

Despite an improving national economic outlook, California small-business owners continue to face difficulties -- yet they remain happy overall.

Chevron Earnings Drop to $6.2 Billion

Chevron on Friday reported a decline in earnings for the first quarter of 2013, which it attributed primarily to lower oil prices.

Package Service UPS Posts Higher First-quarter Earnings

An increase in online shopping helped boost profit and revenue at UPS, the world's largest package-delivery company said Thursday.

Starbucks Brews Delicious Profits

Starbucks reported a 26-percent rise in second-quarter profits Thursday, roughly in line with Wall Street's expectations.

U.S. Negotiation Burma Trade Agreement

The U.S. has started talks with Myanmar on a trade and investment agreement and was considering granting the once-pariah state preferential tariff status, a U.S. official said Friday.

BASF Shares Rise on 10 Percent Bump in Operating Profit

Shares in BASF, the world's biggest chemical group, rose Friday after an increase in first-quarter sales and operating profit.

Samsung Buzzing on Strong Smartphone Sales

Profits at Samsung Electronics surged 41.6 percent year-on-year in the first quarter due to strong sales of its smartphones, according to media reports.

Exxon Profits Sputter

Exxon Mobil reported first-quarter net income of $9.5 billion, up just $50 million year over year.

Speculative Credit Quality Remains Strong: Fitch

Credit metrics of speculative grade issuers have stabilized and show signs of plateauing, according to the latest installment of Fitch Ratings' 'Leveraged Finance Stats Quarterly -- Fourth Quarter 2012.'

Calif. High-speed Rail Agency Changed Bidding Standards

When the California High-Speed Rail Authority put the first stretch of the train system out for bids, the agency set high standards for contracting teams courting the $1 billion construction contract. The rules didn't stick.

TowneBank Posts Record Earnings for Q1

TowneBank posted record earnings for the first quarter of the year, according to a statement released by the company Thursday. For the quarter that ended March 31, the bank earned $10.5 million -- an 11 percent increase over the $9.4 million reported for the same quarter in 2012.

Bernanke Departure from Fed Hinted

Ben Bernanke is intensifying speculation that this year will be his last as Federal Reserve chairman by deciding to skip the Fed's annual August conference in Jackson Hole, Wyo.