NKorea may see few buyers despite rocket success
12/18/2012 12:13am
By successfully firing a rocket that put a satellite in space, North Korea let the far-flung buyers of its missiles know that it is still open for business. But Pyongyang will find that customers are hard to come by as old friends drift away and international sanctions lock down its sales.
SKoreans question chaebol power as vote nears
12/18/2012 1:43am
South Korea's presidential election campaign has highlighted discontent with the family-controlled industrial conglomerates that dominate the country's economic life. The two main candidates promise a tougher line but neither is likely to tinker too much with a model that transformed South Korea into a global business power.
Belgium welcomes French tax exiles, minister says
12/18/2012 1:52am
Belgium's foreign minister says his country will welcome anyone from France who wants to follow actor Gerard Depardieu in escaping higher taxes.
Sweden cuts main interest rate to 1 percent
12/18/2012 2:11am
Sweden's central bank has cut its key interest rate by a quarter of a percentage point to 1 percent as inflationary pressures remain benign and problems in Europe weigh on the Scandinavian country's economy.
Crew blamed for Russian jet crash in Indonesia
12/18/2012 2:15am
Pilot error caused a Russian-made passenger jet to crash into an Indonesia volcano seven months ago during a demonstration flight, killing all 45 people aboard, the National Commission on Safety Transportation announced Tuesday.
Gulf investment arm takes Texas properties
12/18/2012 2:35am
Gulf investment house Investcorp says its American division has acquired five real estate developments in Texas for more than $100 million.
Century-old fight for Budweiser name hits new snag
12/18/2012 4:58am
They've been arguing about a name for 106 years. A small brewer in the Czech Republic and the world's biggest beer maker have been suing each other over the right to put the word Budweiser on their bottles in what has become a David versus Goliath corporate saga.
US fines Toyota again for delayed safety reports
12/18/2012 5:39am
The U.S. government has slapped Toyota Motor Corp. with a record $17.4 million fine for failing once again to quickly report problems to federal regulators and for delaying a safety recall.
AIG raises $6.4B from sale of remaining AIA stake
12/18/2012 5:46am
U.S. insurance company AIG sold its remaining stake in Asian life insurer AIA Group for $6.4 billion, the Hong Kong based-company said Tuesday.
ConocoPhillips to sell Algerian unit for $1.75B
12/18/2012 7:17am
ConocoPhillips, as part of its massive downsizing effort, has agreed to sell its business in Algeria to Indonesia's state-owned oil and gas company Pertamina for $1.75 billion.
Dr. Fresh buying Reach brand manual toothbrushes
12/18/2012 7:20am
The privately held Dr. Fresh company is buying Reach toothbrushes from McNeil-PPC Inc., saying it will complement its existing group of products.
UK retailer Comet shutting down, 6,900 jobs lost
12/18/2012 9:00am
British electrical retailer Comet is about to close its doors for the final time after nearly 80 years.
Cerberus selling stake in firearms after Newtown
12/18/2012 9:02am
The private equity firm Cerberus will sell the firearms company that produced one of the weapons believed to have been used in the shootings at an elementary school in Newtown, Conn., calling it a "watershed event" in the national debate on gun control.
German gummy bear wins battle against Swiss teddy
12/18/2012 9:06am
Germany's iconic gummy bear has won a sweet legal victory over a foil-wrapped Swiss chocolate teddy.
Head of luxury bag-maker Louis Vuitton steps down
12/18/2012 10:11am
The head of famed luggage and handbag-maker Louis Vuitton is stepping down because of health reasons.
News Summary: Fight for Budweiser name hits snag
12/18/2012 12:02pm
BEER BATTLE: A small brewer in the Czech Republic and the world's biggest beer maker have been suing each other over the right to put the word Budweiser on their bottles in what has become a David versus Goliath corporate saga.
News Summary: Korean pres. hopefuls promise change
12/18/2012 12:04pm
SEOUL MATES: The liberal son of North Korean refugees faces the conservative daughter of a late dictator in South Korea's presidential election Wednesday. Despite their differences, they've made remarkably similar campaign promises.
Cerberus to sell gun company that makes Bushmaster
12/18/2012 12:13pm
The company that makes one of the weapons used to kill elementary school children in Connecticut is being put up for sale by its owner, which called Friday's tragedy a "watershed event" in the debate over gun control.
News Summary: Industry braces for phone apps rules
12/18/2012 12:27pm
NEW REGULATIONS: The Federal Trade Commission is this week expected to approve stricter online child privacy rules, updating a 1998 law that prohibits the collection of personal information from preteens. The original law came before the era of cellphone and tablet apps that can siphon up location information and other personal data valuable to advertisers.
TheStreet.com company, 3 executives settle charges
12/18/2012 12:58pm
The company that operates the financial news website TheStreet.com and three executives have settled federal civil charges of accounting fraud.
Sudan-South Sudan oil talks break without progress
12/18/2012 1:06pm
Officials have failed to make progress in talks that would see South Sudan resume its oil exports through Sudan.
News Summary: HSBC settlement is questioned
12/18/2012 1:07pm
TOO BIG TO JAIL? When the Justice Department said last week that British bank HSBC would pay a record $1.9 billion to settle allegations that it laundered money for Iran, Libya and Mexican drug cartels, prosecutors hailed it as a victory. Critics say the government should have gone further and pressed criminal charges. "Shame on the Department of Justice," said Jimmy Gurulé, a former federal prosecutor who teaches law at the University of Notre Dame.
Too big to jail? Execs avoid laundering charges
12/18/2012 1:53pm
When the Justice Department announced its record $1.9 billion settlement against British bank HSBC last week, prosecutors called it a powerful blow to a dysfunctional institution accused of laundering money for Iran, Libya and Mexico's murderous drug cartels.
News Summary: Street.com firm, 3 execs settle
12/18/2012 2:17pm
STREET TALK: The company that operates the financial news website TheStreet.com and three executives have settled federal civil charges of accounting fraud.
Time Inc. names Nelson editor in chief
12/18/2012 2:25pm
Time Inc. has named Martha Nelson as editor-in-chief of the media company.
Amgen to pay $762M settlement over drug marketing
12/18/2012 3:46pm
Amgen Inc. has agreed to pay $762 million to resolve federal litigation accusing the drugmaker of marketing the anemia treatment Aranesp for unapproved uses.
News Summary: Boehner to pursue 'Plan B' on taxes
12/18/2012 4:17pm
SEPARATE TRACK: House Speaker John Boehner said Tuesday that Republicans would march ahead with their own tax plan while he and President Barack Obama negotiate a broad deal on how to avoid the fiscal cliff.
US cigarette makers reach deal with states
12/18/2012 5:12pm
Three U.S. cigarette makers say they have reached a settlement with 17 states, Washington D.C. and Puerto Rico to resolve a dispute over payments required under a 1998 anti-smoking agreement.
Facebook CEO Zuckerberg donating $500M in stock
12/18/2012 6:32pm
Facebook CEO Mark Zuckerberg said Tuesday he is donating nearly $500 million in stock to a Silicon Valley charity with the aim of funding health and education issues.
Former exec. pleads guilty to insider trading
12/18/2012 8:56pm
The U.S. Attorney's Office in Atlanta says the former head of investor relations for Carter's Inc. has pleaded guilty to conspiracy to commit securities and wire fraud.
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