China's Citic Telecom buys Macau phone company
01/14/2013 1:51am
A unit of the Chinese Cabinet's Citic Group has bought Macau's phone company from its British and Portuguese owners for $1.2 billion.
Glance: A look at Russia's Gazprom
01/14/2013 3:33am
Russian energy giant Gazprom is spending billions to expand its already massive footprint in Europe. Born out of the Soviet gas ministry in the rush of Russian privatizations, Gazprom is effectively the country's gas industry, accounting for about 80 percent of the country's natural gas output.
China mulls hiking investment quota for foreigners
01/14/2013 3:44am
China's securities watchdog is considering substantially raising the quota that foreign institutions are allowed to invest in the country's stock markets, the agency's head said Monday, the latest signal from Beijing of plans to open the Chinese capital markets.
Czechs open new pipeline importing Russian gas
01/14/2013 6:46am
The Czech Republic has opened a pipeline that provides an alternate route for Russian gas imports and will help supply other parts of the EU.
Gazprom's EU partners anxious for price cuts
01/14/2013 6:56am
Russian energy giant Gazprom is spending billions to expand its already massive footprint in Europe. But it will have to tread carefully at a time when global natural gas supplies are surging and prices are falling, giving European utilities and businesses more leverage in negotiating supply contracts.
Billabong gets competing $555.5M takeover bid
01/14/2013 7:05am
Australian surfwear maker Billabong International Ltd. says it has received a buyout offer of 526.8 million Australian dollars ($555.5 million) from a U.S. group including clothing company VF Corp. that matches a takeover offer it received earlier.
Grand Cherokee SUV makes jump to diesel power
01/14/2013 7:22am
Chrysler's top-selling Grand Cherokee is making the jump to diesel power, an option driven by demand from outdoor enthusiasts, the company says.
UK court orders extradition of Credit Suisse exec
01/14/2013 7:23am
A British court has ruled that a former executive of Credit Suisse can be extradited to the United States to face fraud charges.
A look at corporate deals the EU has ruled on
01/14/2013 7:35am
United Parcel Service Inc. has walked away from a proposed $6.9 billion takeover of the Netherlands TNT Express NV, claiming European Commission regulators had demanded too many concessions for the deal to remain viable.
Auditor chides EU over energy efficiency funds
01/14/2013 8:03am
The European Union's auditor says that some (EURO)5 billion ($6.7 billion) in funds specifically targeted at energy efficiency projects over the past dozen years were largely ill-spent.
Ukraine reportedly seeking $15 billion IMF loan
01/14/2013 8:37am
Ukrainian news agencies are reporting that the government is seeking a fresh $15 billion loan from the International Monetary Fund.
Swatch in $1 billion deal for Harry Winston brand
01/14/2013 8:51am
Switzerland's biggest watch maker, Swatch Group AG, will pay about $1 billion to acquire Canada's Harry Winston watch and jewelry brand, officials from both companies said Monday.
Jaguar adds 800 jobs as China sales accelerate
01/14/2013 9:24am
Car company Jaguar Land Rover says it's adding 800 jobs in Britain as it enjoys a big boost in sales in China, which is now the luxury auto brand's largest market.
UK's Cameron seeks fundamental change in EU
01/14/2013 10:07am
British Prime Minister David Cameron says he hopes to negotiate fundamental changes in his country's membership of the European Union which can then be put to the country in a referendum.
UPS abandons $6.9 billion takeover for TNT Express
01/14/2013 10:19am
Shares in package delivery company TNT Express NV lost almost half their value Monday after that United Parcel Service Inc. had decided to ditch its (EURO)5.2 billion ($6.9 billion) takeover of the struggling Dutch company, citing objections from European regulators.
Tax Prep 101: 6 tips to choosing the right tax pro
01/14/2013 11:06am
The earlier you file your taxes, the more you save. On average, studies show tax procrastinators overpay by about $400 as a result of mistakes made due to rushing the process and last-minute changes. With this in mind, it is time to start prepping.
Former Nortel CEO found not guilty in fraud case
01/14/2013 11:12am
The former chief executive of bankrupt Nortel Networks and two former senior executives were found not guilty Monday of falsifying financial reports in what prosecutors said was a scheme to report profits and gain bonuses.
News Summary: Gazprom EU partners want price cuts
01/14/2013 11:20am
GAS PAINS: Russian energy giant Gazprom is spending billions to expand its footprint in Europe. But it will have to tread carefully As global natural gas supplies surge and prices fall, giving European utilities and businesses more leverage in supply contracts.
Ram pickup, Cadillac ATS win auto show awards
01/14/2013 11:35am
The two American automakers that emerged from bankruptcy protection in 2009 have earned bragging rights for a pair of new vehicles.
News Summary: Beijing smog prompts transparency
01/14/2013 11:43am
CLEARING THE AIR: One of Beijing's worst rounds of air pollution kept schoolchildren indoors and sent coughing residents to hospitals Monday, but this time something was different about the murky haze: the government's transparency in talking about it.
News Summary: Swatch to buy Harry Winston brand
01/14/2013 11:56am
SPARKLY SWATCH: Switzerland's biggest watch maker, Swatch Group AG, will pay about $1 billion to acquire Canada's Harry Winston watch and jewelry brand, officials from both companies said Monday.
Volkswagen floats idea of new midsize SUV
01/14/2013 12:19pm
Volkswagen is getting into the midsize SUV market dominated by Ford and Jeep.
News Summary: Citrus damaged in Calif. cold snap
01/14/2013 12:26pm
COLD SNAP: As freezing temperatures hit California, citrus growers in the San Joaquin Valley are seeing some damage to the mandarin crop. A trade group's president said there is $1.5 billion worth of citrus on the trees, with the cold at "dangerous levels."
News Summary: UPS abandons $6.9B TNT Express deal
01/14/2013 12:43pm
TNT FIZZLES: United Parcel Service Inc. has ditched its (EURO)5.2 billion ($6.9 billion) takeover of struggling Dutch package delivery company TNT Express NV, citing objections from European regulators.
Chrysler CEO: Sales of new Dart fall short
01/14/2013 12:44pm
Chrysler made the new Dodge Dart a little too European for American tastes.
Germany, Greek opposition clash on austerity
01/14/2013 1:29pm
Germany's finance minister and Greece's leftist opposition leader clashed Monday over the austerity program attached to Athens' international bailout loans, with the Greek politician insisting the approach is a "nightmare" and a failure.
Geithner: Gov't could pass debt limit by mid-Feb.
01/14/2013 2:57pm
Treasury Secretary Timothy Geithner is telling congressional leaders that the U.S. government will exhaust its borrowing limit as soon as mid-February, earlier than expected.
Geithner: Gov't could pass debt limit by mid-Feb.
01/14/2013 2:59pm
Treasury Secretary Timothy Geithner is telling congressional leaders that the U.S. government will exhaust its borrowing limit as soon as mid-February, earlier than expected.
10 tips for driving on ice and snow
01/14/2013 3:04pm
Whether you are a new driver or an experienced one, poor weather conditions can test your nerves and skills on the road.
S&P reaffirms negative outlook on Netherlands
01/14/2013 3:12pm
Standard & Poor's Ratings Services affirmed its top investment-grade ratings for the Netherlands on Monday, but said the rating's outlook remains negative.
Toyota hints at racier new Corolla design
01/14/2013 3:32pm
The Toyota Corolla is getting a facelift. But the jury is still out on how extreme its makeover should be.
News Summary: Cash exits stock funds again in 2012
01/14/2013 3:34pm
RISK-SHY: Investors pulled money from stock mutual funds in 2012 for the sixth consecutive year, despite the stock market's strong performance. A net $90 billion was withdrawn from U.S. stock funds, industry consultant Strategic Insight said on Monday.
Honda offers glimpse of new small SUV
01/14/2013 3:44pm
After scoring a hit with its CR-V compact SUV, Honda on Monday offered a glimpse at what the automaker's new, even smaller SUV might look like when it hits streets.
Hitting the debt limit: What bills would be paid?
01/14/2013 3:46pm
Reiterating a threat he first issued in the summer of 2011, President Barack Obama on Monday warned Republicans that older Americans might not get their Social Security checks and veterans won't get timely benefits if Congress fails to increase the government's borrowing authority.
Jeep in talks to build some vehicles in China
01/14/2013 3:52pm
Chrysler's Jeep brand is in talks to build some of its vehicles in China for that market as the automaker looks to build on growing interest in its SUVs among Chinese drivers, the company's chief executive said Monday.
Toyota retakes global auto sales crown from GM
01/14/2013 3:58pm
Toyota has once again dethroned General Motors as the world's top-selling automaker.
UPS abandons $6.9 billion deal for TNT Express
01/14/2013 4:07pm
UPS scrapped plans to grow in Europe through the acquisition of Dutch delivery company TNT Express because European regulators were getting ready to reject the $6.9 billion deal.
Nissan lowers price of electric Leaf
01/14/2013 4:09pm
Nissan is lowering the price of its Leaf electric car to try to boost anemic sales.
Infiniti unveils luxury sports car at Detroit show
01/14/2013 4:15pm
Cirque du Soleil helped Infiniti unveil a sports sedan Monday at the North American International Auto Show.
JPMorgan told to fix oversight tied to $6B loss
01/14/2013 6:55pm
JPMorgan Chase & Co. has been ordered to take steps to correct poor risk management that led to a surprise trading loss last year of more than $6 billion.
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