Aegon in strategic deal with Santander
12/20/2012 12:40am
Dutch-based insurer Aegon NV says it has entered a long-term deal with Banco Santander, Spain's largest financial group to distribute insurance products throughout Santander's 4,600 retail offices.
Cathay, crew reach labor deal in time for holidays
12/20/2012 2:37am
Flight attendants at Cathay Pacific Airways will be smiling after all over the Christmas holidays after settling a labor dispute on Thursday with the Hong Kong airline.
France passes contentious budget, heavy on taxes
12/20/2012 4:02am
France's parliament has passed a contentious budget for next year that includes a raft of new taxes aimed slashing the country's deficit and putting it on the path to economic recovery.
Peugeot, GM unveil joint-venture models
12/20/2012 5:07am
PSA Peugeot Citroen and GM have unveiled the first vehicles they will develop together as part of a joint venture they hope will reduce costs and re-energize their businesses.
Ericsson to take $1.2B hit for loss-making venture
12/20/2012 5:47am
Wireless equipment maker Ericsson says it will take a charge of 8 billion kronor ($1.2 billion) in the fourth quarter related to its loss-making joint venture ST-Ericsson, a semiconductor manufacturer.
Finland lowers economic growth forecasts
12/20/2012 5:54am
Finland expects economic contraction this year and little improvement in 2013 as the export-dependent country continues to suffer from reduced demand among European trading partners.
India calls for close relations with ASEAN
12/20/2012 6:37am
Indian Prime Minister Manmohan Singh told a summit of Southeast Asian leaders on Thursday that his nation attached the `'highest priority" to its relations with their region.
Deutsche Telekom boss Obermann resigns to end 2013
12/20/2012 7:21am
Deutsche Telekom says chief executive Rene Obermann will step down at the end of 2013 after seven years at the head of the company.
GM recalls pickup trucks to fix problem with hoods
12/20/2012 7:35am
General Motors is recalling more than 145,000 pickup trucks because the hoods can fly open unexpectedly and block the driver's vision.
Nations worry US trade could turn protectionist
12/20/2012 8:36am
The United States' trade partners are worried that any fiscal belt-tightening could make the country more likely to introduce protectionist measures, the head of a World Trade Organization panel said Thursday.
Fiat announces $1.3 BN investment for new SUVs
12/20/2012 8:44am
Fiat CEO Sergio Marchionne will invest (EURO)1 billion ($1.32 billion) in the auto company's southern Italian factory to produce two SUV new models for global export.
Portugal postpones state airline privatization
12/20/2012 8:46am
The Portuguese government announced Thursday it has postponed the privatization of national airline TAP Air Portugal after the sole bidder failed to provide required financial guarantees.
Moscow court cuts Khodorkovsky's prison sentence
12/20/2012 8:51am
The Moscow City Court on Thursday reduced the prison sentences of former oil tycoon Mikhail Khodorkovsky and his business partner by two years, which means they will be released in 2014.
News Summary: Olive Garden owner to focus on deals
12/20/2012 9:03am
MORE BREADSTICKS: Darden Restaurants Inc. says it plans to shift course and focus on promotional deals, while scaling back on its recent efforts to update the image of its Olive Garden and Red Lobster chains.
Toyota's Camry performs poorly on new crash test
12/20/2012 9:05am
The Toyota Camry, the best-selling car in the U.S., performed poorly this year in a new crash test and failed to get the best safety rating from an insurance industry group.
15 indicted on mail theft at FedEx sorting hub
12/20/2012 10:15am
A federal grand jury in Tennessee has indicted 15 former FedEx workers, charging them with stealing from U.S. mail.
IMF urges full EU banking union to counter crisis
12/20/2012 10:22am
The International Monetary Fund urged the European Union Thursday to step up its efforts to stabilize the bloc's financial system by swiftly moving toward a fully integrated banking sector.
Siemens to cut 1,100 jobs in energy sector
12/20/2012 10:43am
Industrial conglomerate Siemens AG says it will cut about 1,100 jobs in its energy division in Germany over the next two years amid a wider cost-cutting effort.
US Mint testing new metals to make coins cheaper
12/20/2012 12:18pm
When it comes to making coins, the Mint isn't getting its two cents worth. In some cases, it doesn't even get half of that.
Swiss hint at flexibility in tax-evasion fight
12/20/2012 1:06pm
Switzerland's president is hinting that the nation may be open to accepting an automatic exchange of banking data to crack down on tax evasion. The government has until now opposed that for fear of undermining its tradition of banking secrecy.
French engineer kidnapped in north Nigeria
12/20/2012 1:42pm
More than 30 assailants stormed a house in northern Nigeria, killing two people and kidnapping a French engineer, in the latest abduction to hit the West African nation, officials said Thursday.
News Summary: Discover posts higher 4Q net income
12/20/2012 2:05pm
COMING UP SHORT: Discover Financial Services' fiscal fourth-quarter earnings rose 6 percent to $541 million, or $1.07 per share. Still, the results fell short of analysts' consensus forecast, which called for earnings of $1.12 per share.
For the New York Stock Exchange, a sell order
12/20/2012 2:53pm
The Big Board just isn't so big anymore.
Pension fund reconsider investments in gun makers
12/20/2012 3:04pm
From California to New York, teacher and public-worker retirement funds are reconsidering their investments in gun makers and confronting an uncomfortable fact: Their pensions have supported the manufacture of deadly weapons, in some cases the same type of gun used in the Connecticut school shooting.
ConocoPhillips to sell Nigerian unit for $1.79B
12/20/2012 3:42pm
ConocoPhillips is selling its Nigerian business unit to Oando PLC for roughly $1.79 billion.
Mohawk Industries to buy Marazzi for $1.5 billion
12/20/2012 3:53pm
Mohawk Industries Inc., which makes residential and commercial flooring, is buying Marazzi Group for about $1.5 billion to expand its ceramic tile business.
Boeing adds new orders for 45 planes
12/20/2012 4:00pm
Boeing says it sold 45 planes to unidentified customers in the past week, pushing its total sales of commercial planes for the year to more than 1,100 with a few more days to go.
Herbalife shares down on pyramid scheme allegation
12/20/2012 4:19pm
Herbalife Ltd.'s shares fell sharply for the second day on hedge fund manager William Ackman's allegations that the nutritional supplements company is a pyramid scheme.
Stores brace for snow during final shopping days
12/20/2012 6:47pm
Midwesterners aren't the only ones who could get slammed by the storm that's expected to bring heavy snow, winds and rain to the middle of the country over the next couple of days. Stores could get hit too.
Retirement plans not a bust yet: start saving now
12/20/2012 10:15pm
A lot of older Americans are gloomy about retirement. Many have burned through all of their retirement savings, and are acquiring more credit card debt while having trouble making rent and mortgage payments. To combat the problem, whatever your age, saving for the future has to start now.
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