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Archive: News / Biz / Business & Finance (46 Stories)

Class of 2012: Would you move elsewhere in EU?

12/05/2012 2:33am
A language trap is blocking young people from seeking opportunity across the European Union. The Associated Press asks the Class of 2012: Would you move to another non-English speaking EU country in search of work?

Tesco reviewing slow-growing US operation

12/05/2012 2:39am
Tesco, Britain's biggest retailer, said Wednesday it is reviewing options for its slow-growing U.S. venture Fresh & Easy.

Korea, Qatar airlines interested in Czech carrier

12/05/2012 4:04am
Korean Airlines and Qatar Airways have shown a preliminary interest in acquiring the troubled Czech national carrier, CSA.

French budget chief denies claim of Swiss account

12/05/2012 6:04am
French Budget Minister Jerome Cahuzac is filing a legal complaint against a website that claims he has hidden money from French tax authorities in offshore accounts _ while he has been leading the country's campaign against tax evaders.

Freeport to buy Plains, McMoRan Exploration

12/05/2012 7:13am
Freeport-McMoRan Copper & Gold says it is buying oil companies Plains Exploration & Production and McMoRan Exploration for about $9 billion.

Class of 2012: Young Europeans trapped by language

12/05/2012 8:28am
Maria Menendez, a 25-year-old caught in Spain's job-destroying economic crisis, would love to work in Germany as a veterinarian. Germany, facing an acute shortage of skilled workers, would love to have her.

A look at Starbucks' US presence over the years

12/05/2012 8:37am
Starbucks says it plans to open at least 1,500 more cafes in the U.S. over the next five years. Here's a look at the company's store count the end of each of its fiscal years, starting in 2005.

Western Digital shares up on dividend acceleration

12/05/2012 9:10am
Shares of Western Digital Corp. rose Wednesday, after the computer hard drive maker declared a quarterly dividend of 25 cents.

Big miner buys pair of energy companies for $9B

12/05/2012 9:29am
Mining company Freeport-McMoRan is buying a pair of oil and gas producers for $9 billion, creating a natural resources conglomerate with assets ranging from oil rigs in the Gulf of Mexico to mines in Indonesia.

Somalia bottoms out in transparency survey

12/05/2012 9:37am
Somalia has bottomed out in an annual ranking of the perceived corruption of nations, joining Afghanistan and North Korea.

News Summary: India gov't wins vote on retailers

12/05/2012 9:42am
RETAIL VOTE: The Indian government won a vote in its parliament's powerful lower house Wednesday that gave backing to its plans to open up the country's massive retail sector to international big-box companies such as Wal-Mart.

Brazilian company to build $1B railroad in Malawi

12/05/2012 9:42am
Malawi plans to break ground on a $1 billion new railway line in the country to ferry both passengers and minerals through the nation.

News Summary: French minister denies Swiss account

12/05/2012 9:53am
DEFAMATION CHARGE: French Budget Minister Jerome Cahuzac is filing a legal complaint against a website that claims he has hidden money from French tax authorities in offshore accounts.

News Summary: UN chief blames rich for warming

12/05/2012 10:10am
HEAT IS ON: Rich countries are to blame for climate change and should take the lead in forging a global climate pact by 2015, the head of the United Nations said Wednesday.

Big miner buys pair of energy companies for $9B

12/05/2012 10:34am
Mining company Freeport-McMoRan is buying a pair of oil and gas producers for $9 billion, creating a natural resources conglomerate with assets ranging from oil rigs in the Gulf of Mexico to mines in Indonesia.

News Summary: LA ports reopen after strike

12/05/2012 10:47am
RE-PORTING: Work resumed Wednesday at the nation's busiest port complex AT Los Angeles and Long Beach harbors after a crippling strike was settled, ending an eight-day walk-off that affected thousands of jobs and billions of dollars in cargo.

Big miner buys pair of energy companies for $9B

12/05/2012 10:53am
Mining company Freeport-McMoRan is buying a pair of oil and gas producers for $9 billion, creating a natural resources conglomerate with assets ranging from oil rigs in the Gulf of Mexico to mines in Indonesia.

News Summary: US productivity up in summer

12/05/2012 11:01am
MORE PRODUCTIVE, CHEAPER WORK FORCE: U.S. worker productivity grew at an annual rate of 2.9 percent, faster than the initial estimate of 1.9 percent. Labor costs fell at an annual rate of 1.9 percent, a bigger drop than the 0.1 percent dip initially estimated.

News Summary: Considering a drugstore loyalty card

12/05/2012 11:56am
DEALS APLENTY: All the national drugstore chains _ Walgreen Co., Rite Aid Corp. and CVS Caremark Corp. _ now offer a free customer loyalty program loaded with incentives. Walgreen, the nation's largest chain, became the latest to offer one when its Balance Rewards program debuted in September.

4 questions to ask about drugstore loyalty cards

12/05/2012 12:03pm
Walgreens wants to reward customers for merely taking a walk, and Rite Aid will help cover trial gym memberships for some of its frequent shoppers.

News Summary: China's too close for Mongolia

12/05/2012 12:14pm
WARY NEIGHBOR: In the world's rush to get rich off China, Mongolia works mightily to ensure that Chinese investment does not become Chinese dominance.

Businesses holiday shopping for health care, not finding any bargains

12/05/2012 12:33pm
Businesses are shopping, but they are looking for a good deal on your health benefits for next year.

Boston Market reports record Thanksgiving sales

12/05/2012 12:35pm
Boston Market Corp. is reporting record Thanksgiving sales this year _ and it's already planning for next Thanksgiving.

Court denies rehearing on cigarette warnings

12/05/2012 12:59pm
An appeals court on Wednesday denied the federal government's request to reconsider a decision blocking a requirement that tobacco companies put large graphic health warnings on cigarette packages to show that smoking can disfigure and even kill people.

Survey: Greece seen as most corrupt in EU

12/05/2012 1:15pm
The countries worst hit by the European financial crisis are also perceived as being among the most corrupt in Western Europe, and those perceptions appear to be getting increasingly negative, an international watchdog said in a report released Wednesday.

Did Costas overstep his bounds with gun comments?

12/05/2012 1:15pm
Clearly, Bob Costas stirred up a hornet's nest Sunday with a halftime commentary about Kansas City Chiefs player Jovan Belcher, who killed his girlfriend (and the mother of his child) before killing himself.

Big miner buys pair of energy companies for $9B

12/05/2012 2:05pm
Mining company Freeport-McMoRan is buying a pair of oil and gas producers for $9 billion, creating a natural resources conglomerate with assets ranging from oil rigs in the Gulf of Mexico to a huge copper mine in Indonesia.

At a glance: EIA's long-term energy predictions

12/05/2012 2:06pm
The federal Energy Information Agency put out its annual energy outlook on Wednesday, predicting a sharp increase in U.S. oil production and a smaller-than-expected rise in gasoline use. Here's a look at some of the report's key findings:

News Summary: Darden to hold off on worker changes

12/05/2012 2:15pm
TAKING THE PULSE: Darden Restaurants Inc., which owns Olive Garden and Red Lobster, won't shift any current full-time workers to part-time status in 2014 when new health care regulations take effect.

Big miner buys pair of energy companies for $9B

12/05/2012 2:36pm
Mining company Freeport-McMoRan is buying a pair of oil and gas producers for $9 billion, creating a natural resources conglomerate with assets ranging from oil rigs in the Gulf of Mexico to a huge copper mine in Indonesia.

SEC official heading markets division is leaving

12/05/2012 2:40pm
The official at the Securities and Exchange Commission who heads the division responsible for oversight of the securities markets and exchanges is leaving the agency.

Study: Natural gas exports would help economy

12/05/2012 2:47pm
Exporting natural gas would benefit the U.S. economy even if it led to higher domestic prices for the fuel, according to a study commissioned by the Energy Department.

BMW to roll out 4 Series coupe

12/05/2012 3:30pm
It's only one number higher. But BMW is hoping that a small numerical change will translate into extra dolllars on the showroom floor.

Citigroup to cut 11,000 jobs, a familiar story

12/05/2012 3:43pm
Citigroup said Wednesday that it will cut 11,000 jobs, a bold early move by new CEO Michael Corbat.

Nasdaq says human error delays IPO

12/05/2012 3:50pm
The stock-market debut of WhiteHorse Finance finally happened after a few false starts.

United says failed generator forced 787 landing

12/05/2012 4:00pm
United Airlines says a failed electrical generator is the reason one of its new Boeing 787s made an emergency landing in New Orleans.

News Summary: Nasdaq blames human error for glitch

12/05/2012 4:04pm
TO ERR IS HUMAN: The Nasdaq OMX Group blamed "human error" for a series of delays in the initial public offering of WhiteHorse Finance on Wednesday.

Starbucks to open 1,500 more cafes in the US

12/05/2012 4:12pm
Another Starbucks may soon pop up around the corner, with the world's biggest coffee company planning to add at least 1,500 cafes in the U.S. over the next five years.

S&P cuts Greece to 'selective default'

12/05/2012 4:22pm
Standard & Poor's has lowered Greece's credit rating to "selective default" in light of its offer to buy back bonds at well below their face value.

Olive Garden owner to hold off on worker changes

12/05/2012 4:44pm
The owner of Olive Garden and Red Lobster says it won't bump any full-time workers down to part-time status, after its tests aimed at limiting health care costs resulted in a publicity backlash that took a bite out of sales.

Geithner: Ready to go over 'cliff' if necessary

12/05/2012 4:50pm
Treasury Secretary Timothy Geithner said Wednesday that the Obama administration is "absolutely" ready for the economy to go over the "fiscal cliff" rather than accept a budget deal that doesn't include higher tax rates for top earners.

EU imposes massive fine on TV, monitor producers

12/05/2012 6:02pm
For years, some top managers at electronics multinationals would hold secretive meetings in Europe and Asia to fix the global market on the most expensive part of television and computer monitors.

Report: Suspect in fatal China fire angry over pay

12/05/2012 6:22pm
Chinese state media quoted a former worker as saying he set the fire that killed 14 young women at a Chinese undergarment factory because he was angry about less than $500 in unpaid wages.

Beijing to let travelers stay visa-free for 3 days

12/05/2012 7:20pm
State media say that China will allow most foreign visitors to stay in Beijing for three days without a visa if they are heading on to another country, a policy meant to boost tourism and smooth the way for transiting passengers and business travelers.

Mongolia finds China can be too close for comfort

12/05/2012 7:44pm
After years of testy debate, Mongolia broke ground this spring for a railroad that will haul coal across the pebbled Gobi desert to China, but with one costly condition.

Short sales outpacing sales of bank-owned homes

12/05/2012 10:02pm
Sales of U.S. homes facing foreclosure are on the rise and outpacing sales of bank-owned homes, a reflection of stepped up efforts this year by lenders to avoid foreclosing on homes with mortgages gone unpaid.
 
   
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