Finance

Imagine flying your mother’s ashes home and instead finding them spilled in your checked suitcase. A few travelers have shared horror stories about trying to carry the cremated remains of a family member to a final resting spot or to be scattered in a special place. Some have described the shock of watching airport screeners […]

Caterpillar posted higher earnings per share and revenue in the second quarter but still missed estimates as the energy sector cools. The construction equipment company on Wednesday reported earnings of $1.62 billion, or $2.83 per share. A year earlier it earned $1.71 billion, or $2.82 per share. The performance is well short of the $3.12

U.S. stocks moved sideways in midday trading on Wall Street Wednesday as a steep decline from health insurers counteracted sharp gains for technology companies. Corporate results have been mixed this week, though investors are jumping on some of the best performers during this latest round. This is a heavy week for financial results, with nearly

U.S. new home sales rose at a modest pace in June but remained below sales levels earlier this year, suggesting low mortgage rates and a healthy job market aren’t encouraging many more purchases. The Commerce Department said Wednesday that new home sales increased 7% to a seasonally adjusted annual rate of 646,000. That is up

Boeing is reporting a second quarter loss of $2.94 billion a week after saying problems with its advanced 737 Max jet will set the company back at least $5 billion. Interested in Boeing? Add Boeing as an interest to stay up to date on the latest Boeing news, video, and analysis from ABC News. On

The newly tapped executives to strengthen corporate governance at Nissan promised to turn the Japanese automaker’s ailing business around but said Wednesday that extensive job cuts are coming, designed to drive a recovery. Nissan’s brand image has been battered by the financial wrongdoing scandal of former Chairman Carlos Ghosn, who is awaiting trial in Japan.

Asian stock markets rose Wednesday following a report that U.S. and Chinese trade envoys will meet for talks next week. Benchmarks in Shanghai, Tokyo, Hong Kong and Sydney all advanced. Investors were encouraged by a Bloomberg News report Trade Representative Robert Lighthizer will lead a U.S. delegation to Shanghai for talks. That would be the

United Parcel Service Inc. is responding to the growth in online shopping and pressures for speedy delivery by seeking to expand its drone deliveries and adding thousands of new spots where customers can pick up packages. The Atlanta-based package delivery giant said Tuesday it is adding 12,000 new package pickup locations inside CVS, The Michaels

Over the past decade, the auto industry enjoyed a boom unlike any other in modern history. Sales of new cars and trucks rose steadily from 2009 to 2016, the longest growth streak since at least before the Great Depression. Millions of Americans traded up to bigger and more sophisticated vehicles decked out in leather and

Payment processor Visa Inc. is saying its fiscal third quarter profits rose by an adjusted 11% from a year earlier, as more consumers spent more on Visa credit and debit cards. The San Francisco-based company reported a profit of $3.10 billion, up from $2.33 billion last year. The company had a one-time $600 million charge