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According to Reuters, the cabin crew union, UFO, is demanding promises from Lufthansa that it will not outsource jobs, or continue to employ temporary workers, as well as a 5% increase in pay. Lufthansa, like other airlines, is be

Travelers trying to take advantage of the last days of summer experiencing some trouble today as German airline Lufthansa has been hit with a cabin crew strike. The vast majority of flights to and from the airline's Frankfurt hub

Knight's recent troubles stem from an August 1st trading flub, caused by a technical hiccup, which cost the company approximately $440 million.

Knight Capital, after its very public trading error earlier this month, has added three new members to its board. TD Ameritrade's CEO Fred Tomczyk, Blackstone Group's managing director Martin Brand, and General Atlantic's advisory

The US manufacturing purchasing managers index dropped from 52.5 in June to 51.8 in July. Any number above 50 indicates growth from the prior month.

7-24-2012- From fnno.com, you're watching the Financial News Network. Data released today by financial information firm Markit reveals that manufacturing growth in the US expanded this month at its slowest pace since December 2010

Par specializes in making generic drugs and niche pharmaceuticals. In late 2011 and early 2012 it acquired generic pharmaceutical companies Anchen Pharmaceuticals, and Edict Pharmaceuticals, allowing Par to increase its generic dr

Par has said that its board unanimously approved the buyout, but the deal needs the approval of the majority of Par's outstanding stockholders.

Par Pharmaceuticals Cos. has agreed to a takeover by private-equity firm TPG Captial causing shares to surge above $50 dollars on Monday. The deal will see TPG acquiring Par for $1.84 Billion in cash.

The executives expect to hire and spend less in the near future due to U.S. growth slowing down as well as a slow down internationally.

It seems as though CEO's of the nation's leading companies are less optimistic about the economy, at least in the short term. Today, the Business Roundtable's economic outlook index went from 96.9 in the first quarter to 89.1 in Q

The new software will have near-field communication capabilities allowing users to make payments and hold coupons with their phones. In addition, all apps for Windows Phone 7 will work on 8. The software will be able to run on dua

Microsoft has said today at an event in San Francisco that it will release a new Windows operating system for phones. The new system, entitled Windows phone 8, will feature the same core software as the recently revealed Windows

The exact statement is as follow:

Statement Regarding Continuation of the Maturity Extension Program

On June 20, 2012, the Federal Open Market Committee (FOMC) directed the Open Market Trading Desk (the Desk) at the Federal Reserve Bank of New York to continue through the end of the year its program to extend the average maturity

News out of Washington: the Fed extended Operation Twist, in line with what many forecasted this morning. This means the interest rates that matter the most to Americans will stay low.

Moody's rating shift comes as the nation gets its financial house in order, with its state debt falling 39 percent in 2011 from 42 percent in 2010.

Moody's Investors Service has raised Turkey's credit rating to one step under investment grade, according to an emailed release. Turkey's credit rating was brought up from Ba2 to Ba1.

Francis had only held the position for the last 8 months, implementing a new pricing plan and marketing strategy that moved away from sales events and heavy promotions. This change did entice though customers causing the number of

The company took a loss of $163 million in the first quarter of 2012 and sales at stores open for more than a year fell by an average of 19 percent.

JC Penney (NYSE:JCP) announced this morning Michael Francis will be leaving the company as president, effective immediately.

This is what's in the news for Monday, May 7, 2012. The Wall Street Journal reports wireless carriers are beginning to change the terms of smartphone deals that have mostly benefited phone makers like Apple (NASDAQ:AAPL), in a mo