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Red ink: A product, not a problem
Airline mechanics agree to cuts, not raises
A majority of the 7,000 members of the Aircraft Mechanics Fraternal Association voted to accept a five-year pact with United which includes reduced benefits and a 3.9 percent pay cuts, among other conditions.

Newell trying to build better pens
In the age of digital assistants and laptops, Atlanta-based Newell Rubbermaid keeps on improving its Paper Mates and Sharpie product lines.

Consumer confidence rebounds unexpectedly
Consumer confidence unexpectedly rebounded in May after declining in April, as worries about the economy and jobs eased, a private research group said Tuesday.
On the other hand, CEOs have lower expectations

Intel may shun tax breaks, build overseas
The semiconductor maker may never expand any of its U.S. plants. But it is securing offers for hundreds of millions of dollars worth of tax breaks in states where it has major operations.

Russian oil tycoon sentended to nine years.
Former oil tycoon Mikhail Khodorkovsky, once Russia's richest man, was convicted Tuesday of fraud and tax evasion and then sentenced to nine years in prison.

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