US Treasury unveils plan to buy time under debt ceiling

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10 things to know about corporate inversionsComments Off

Burger King plans to become is the latest U.S. company to shift its legal address out of the country by merging with a foreign company.

China Telecom profit rises as mobile data growsComments Off

China Telecom Ltd., one of the country’s three main state-owned carriers, says its profit rose 11.8 percent in the first half of the year as its Internet and mobile data businesses grew.

Air China profit falls as weaker yuan hits costsComments Off

Air China says its six-month profit fell by more than half as the weakening yuan raised financing costs and other expenses.

Air New Zealand’s profit up 45 percentComments Off

New Zealand’s national airline has posted a 45 percent increase in profit on slightly higher revenues.

Train derails on Canada border, prompts evacuationComments Off

A Burlington Northern Santa Fe train carrying unscented propane derailed near Canada’s border with Minnesota and North Dakota early Tuesday, prompting the evacuation of about 40 people who live near the site, the Royal Canadian Mounted Police said.

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