Delta Air Lines Projects Profit

Delta Air Lines' president said the carrier this year expects to achieve its first first-quarter profit since 2000.

Boeing Expects 'Fast' 787 Moves

The chief of Boeing's commercial unit says the return of its 787 Dreamliner to service hinges on FAA approval of the plane maker's proposal to modify the jet's batteries.

Dow Chemical Gets Larger Payout

Dow Chemical has been awarded $2.48 billion in an arbitration case with Petrochemical Industries of Kuwait, ending a dispute over a scuttled multibillion-dollar joint venture in 2008.

Tuesday Morning's New CEO Departs

Tuesday Morning Corp. Chief Executive Brady Churches has resigned six months after being appointed to the role, as the home-furnishings closeout retailer continues to reshape its leadership.

Elan Sweetens Shareholder Deal

Irish biotech company Elan said it would sweeten an incentive to shareholders to remain invested in the company but provided little in the way of detail about acquisition targets, casting further doubt over its future existence as it defends itself from a hostile takeover approach.

Judge Rejects Attempt to Reverse MBIA Restructuring

A judge rejected an attempt by several banks, including Bank of America, to reverse the crisis-era restructuring of bond insurer MBIA.

Traders Make Peace With Computers

Years after an electronic-trading onslaught began decimating their ranks, Wall Street traders are making peace with computers.

AMR Union Agrees to Labor Terms

The third and final big union at AMR agreed to basic labor terms in the event that the American Airlines parent merges with US Airways, further smoothing the carriers' path to a potential marriage.

U.K. Lawmakers Criticize Handling of BOE Profit Shift

U.K. lawmakers said the government and the Bank of England botched the announcement of a treasury plan to claim billions of pounds of interest from the central bank.

LodgeNet Files for Bankruptcy

Hotel television provider LodgeNet Interactive filed for Chapter 11 bankruptcy as part of an agreement with private equity firm Colony Capital that will invest $60 million for control of the company.

Warner Bros. New CEO Brings Digital Know-How

Time Warner named its home video and digital chief, Kevin Tsujihara, as the new chief executive of Warner Bros. Entertainment, handing one of Hollywood's biggest jobs to an executive best known for his work on digital distribution strategies.

Iceland Wins Case Over Failed Bank

Iceland won a sweeping victory in a court fight over its responsibilities to foreign depositors in the Icelandic bank Landsbanki, which failed in 2008.

Surging Stocks Put Bears on Heels

The stock rally is leaving strategists with bearish views on the defensive, but companies are taking a less optimistic view of the earnings outlook.

India's Axis Bank Seeks $1 Billion Via Share Sale

The Mumbai bank, India's third-largest nongovernment lender by assets, wants to strengthen its balance sheet.

Shell Aims to Export LNG From Georgia

Shell has struck a deal with Kinder Morgan to export liquefied natural gas from an existing import terminal near Savannah, Ga.

Yahoo's Mayer Steadies Ship

Yahoo posted quarterly results reflecting a slight uptick in revenue in the wake of CEO Marissa Mayer's hiring. Yahoo's earnings fell 8% as the Internet company recorded one-time charges.

China's Sany Tries to Gain Traction in U.S.

Chinese construction-equipment companies are finding the U.S. a tricky market. Sany Heavy Industry built a $60 million office building and adjoining warehouse in Georgia, but so far the company has little to show for that investment.

Berkshire, CME Eyed NYSE Deals

Berkshire Hathaway and CME Group eyed deals for different pieces of NYSE Euronext ahead of the Big Board parent's agreement to be acquired by IntercontinentalExchange.

Caterpillar Chief Faults China Unit

Caterpillar CEO Oberhelman blamed a $580 million write-down in the value of a Chinese company acquired last year on accounting "misconduct" by several former senior managers there.

Seagate Sees Further Weakness

Seagate's second-quarter earnings fell 13% amid slower sales of disk drives, which its executives predicted will continue in the current quarter.