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Asian shares look set to advance, oil prices eye $50

TOKYO Asian shares look set to extend their recovery from 12-week lows on Thursday after renewed optimism on European banks' prospects and a rise in oil prices to near $50 a barrel helped lift global shares.

Recent Business News

Boeing reduces size of tech workforce amid competitiveness drive

NEW YORK Boeing Co said on Wednesday it was reducing the size of its tech support unit as part of an ongoing drive to lower costs.

6:54pm EDT

Fed survey lays bare U.S. economic divide

WASHINGTON Almost half of American families say they would struggle to pay for emergency expenses and those with a high school degree or less are most likely to say their well-being has declined, according to a Federal Reserve survey released on Wednesday.

5:53pm EDT

Glass Lewis recommends shareholders vote for Tribune Publishing board

Shareholder advisory firm Glass Lewis & Co said in a report that Tribune Publishing Co shareholders should not heed Gannett Co Inc's call to withhold votes for Tribune's board nominees at its upcoming annual meeting on June 2.

4:14pm EDT

Hundreds protest in downpour at shut McDonald's headquarters

OAK BROOK, Ill. Hundreds of protesters marched through pouring rain to call for higher wages and union rights at McDonald's Corp on Wednesday, leading the hamburger chain to shut down its headquarters a day before its annual meeting. | Video

9:08pm EDT

Mexico's Arca signs letter of intent with Coca-Cola bottling franchise in U.S.

MEXICO CITY Mexican bottling company Arca Continental said on Wednesday it had signed a letter of intent with the Coca-Cola Company and Coca-Cola Bottling Company UNITED to operate the Coca-Cola franchise in parts of the United States.

5:16pm EDT

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