Business News & Financial News

NEW YORK Shares of Apple Inc, the largest U.S. company by market value, are set to finish the year in - - the red on notable weakness for a stock that had largely been impervious to pain - More Info - for several years.31 Dec 2015The union representing Delta Air Lines Inc's pilots is seeking a wage hike of about 40 percent compounded - - over three years as the carrier's profits surge, Bloomberg reported, citing a memo from the Air Line Pilots Association.31 Dec 2015NEW YORK/LONDON Oil prices rose on Thursday but fell as much as 35 percent for the year after a race to pump by Middle East crude producers and U.S. shale oil drillers created an unprecedented global glut that may take through 2016 to clear.31 Dec 2015Apparel retailers saw a boost of no more than $200 million in sales from cold weather just before the new year, and with product markdowns above 50 percent, it - our website - will be very difficult to make up margins in the coming months, industry researchers said.31 Dec 2015BOSTON Billionaire investor William Ackman said on Thursday he sold about 5 million shares in drug company Valeant International in order to generate a tax loss as investors in his Pershing Square Capital Management face the biggest loss in the company's history.