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07:45 Even when he’s got a point on the economy, Donald Trump can’t help but overplay his hand

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  • Bloomin' Brands closes 4 Bonefish Grill and Outback Steakhouse locations

    February 22, 2017 12:30 PM 11

    Bloomin' Brands has closed two Bonefish Grill and two Outback Steakhouse locations in the Houston area as part of a plan to close underperforming stores. Three restaurants closed on Feb. 16: Bonefish Grill locations at La Centerra at Cinco Ranch in Katy and in Webster across from Baybrook Mall, and the Outback Steakhouse in Champions. The Outback Steakhouse

  • Airbus profits fall as military transport problems weigh down performance

    February 22, 2017 9:51 AM 12

    Airbus has reported a fall in annual profits as its overall performance was dragged down by problems with its A400M military transport. The defence giant faced charges of 2.2bn euros (£1.85bn) due to problems with the A400M, including the propeller gearbox which it said has now been addressed. But it added that challenges remain in meeting contractual

  • Airbus takes new hit for A400M as core profit beats forecasts

    February 22, 2017 9:51 AM 12

    Airbus said ‘adjusted’ operating income fell 4% to €3.955 billion on revenues which rose 3% to 66.581 billion Paris: European aerospace group Airbus took a new €1 billion ($1.1 billion) charge for its troubled A400M military aircraft programme as it posted higher than expected core earnings and revenues for 2016. The company, reporting for the first

  • Airbus seeks new talks with European nations over A400M costs

    February 22, 2017 9:14 AM 12

    PARIS Airbus (AIR.PA) called for new talks with European governments to ease "heavy penalties" for delays to its A400M military aircraft on Wednesday, after taking a fresh 1.2-billion-euro ($1.3 billion) charge in the latest blow to Europe's largest defense project. Chief Executive Tom Enders told reporters the aerospace group was still paying for the "original

  • Milo Yiannopoulos Resigns From Breitbart News

    February 22, 2017 1:15 AM 16

    Move follows release of video in which he made remarks concerning pedophilia Milo Yiannopoulos, a media provocateur who had become an outspoken voice in conservative politics, has resigned from the hard-right news site Breitbart News after a video surfaced in which he made remarks that appeared to condone sex between grown men and underage boys. “I would

  • 5 things to expect from CPAC 2017

    February 21, 2017 8:58 PM 16

    The annual Conservative Political Action Conference will once again bring some of the brightest stars in the conservative political world together to share ideas and strategies. Speakers this year will include President Donald Trump, Vice President Mike Pence and Sen. Ted Cruz among others. Below are five things viewers can expect to see discussed at the national

  • Own Amazon Stock? Here's What You Need to Know About FedEx and UPS Earnings

    February 21, 2017 8:13 PM 20

    Package delivery companies are finding servicing e-commerce growth to be more costly and difficult than originally expected. Online merchants need to take note. (NYSE:UPS), or will Amazon end up directly competing with the package delivery giants? The question of the threat from Amazon comes up on almost every investor presentation given by FedEx and UPS. However

  • Wells Fargo Fires Managers, Denies Bonuses in Account Probe

    February 21, 2017 8:12 PM 12

    Wells Fargo & Co. fired the head of its consumer credit-card business and three other senior managers as the bank’s board examines how abusive sales practices spread through branches before spiraling into a national scandal last year. Shelley Freeman, the former Los Angeles regional president who went on to run consumer-credit solutions, was terminated

  • Wal-Mart's sales got off to a slow start in 2017 due to tax refund delays

    February 21, 2017 7:57 PM 10

    A planned delay in the delivery of two tax refunds could be taking a bite out of Wal-Mart's revenue. Later delivery of the Earned Income Tax Credit (EITC) and the Additional Child Tax Credit could be to blame. Congress passed a measure to delay these refunds, which benefit low- to middle-income households with children, back in 2015. The holdup was designed

  • Leonardo supplying radars for Patroller drones

    February 21, 2017 7:47 PM 13

    Leonardo is providing radar systems for use on Patroller unmanned aerial vehicles being produced by Safran for the French army. Feb. 21 (UPI) -- Leonardo is to supply its PicoSAR AESA radars for integration aboard Patroller unmanned aerial vehicles being supplied by Safran Electronics & Defense to the French army. Under the multimillion dollar contract