Business

GE, AerCap Join Air Leasing Businesses in $30 Billion Deal

General Electric is combining its aircraft leasing business with Ireland’s AerCap Holdings in a deal valued at more than $30 billion, a big step in what has become a six year odyssey to reshape the one-time sprawling, global conglomerate. By pushing GE Capital Aviation Services, or GCAS, into a separate business, GE is essentially closing […]

Business

Consumer Prices up 0.4% Last Month but Core Prices Moderate

U.S. consumer prices increased 0.4% in February, the biggest gain in six months, led by a sharp jump in gasoline prices. But core inflation, excluding food and energy, posted a much smaller 0.1% gain, easing fears about a possible sustained acceleration in inflation. The Labor Department said Wednesday that the February advance in its consumer […]

Business

FireEye CEO: Reckless Microsoft Hack Unusual for China

Cyber sleuths have already blamed China for a hack that exposed tens of thousands of servers running Microsoft’s Exchange email program to potential hacks. The CEO of a prominent cybersecurity firm says it now seems clear China also unleashed an indiscriminate, automated second wave of hacking that opened the way for ransomware and other cyberattacks. […]

Business

BMW Remained Profitable in 2020 With Strong Second Half

German luxury automaker BMW says net profit fell 23% last year to 3.86 billion euros ($4.62 billion) as the pandemic shuttered factories in the first part of the year. The maker of the X5 sport utility and 3-Series sedan said a strong second half meant it started 2021 with “a favorable tailwind.” Operating profits for […]

Business

Fire at French Cloud Computing Firm Disrupts Websites

NUMEROUS companies and websites in France suffered outages and disruptions to services after a fire swept through a cloud computing provider’s facility. Disruption continued Thursday after OVH said the fire erupted early Wednesday in a room at one of its data centers in Strasbourg in eastern France. No one was injured in the blaze, which […]

Business

P&G boosts dividend, says earnings to be released ahead of schedule

Procter & Gamble Co (PG.N) raised its quarterly dividend by 6% on Tuesday and advanced the release of its third-quarter earnings to April 17, saying that it aims to provide shareholders information as quickly and transparently as possible. P&G, which was previously scheduled to release its results on April 21, also said its decision to […]

Business

In hard-hit Florida, jobless workers struggle to get state aid

With cruise ships idled and airplanes almost empty, Florida travel adviser Nick Pena has been out of work for nearly a month, spending his days trying to secure jobless benefits from a state seemingly unable to provide them. “I can’t tell you the emotional toll, the anxiety of not being able to log in,” said […]