Chinese workers revolt over 2-minute toilet breaks
01/22/2013 1:13am
Hundreds of Chinese factory workers angry about strictly timed bathroom breaks and fines for starting work late held their Japanese and Chinese managers hostage for a day and a half before police broke up the strike.
Ahead of the bell: Google's 4Q to give ad insights
01/22/2013 4:19am
Google's fourth-quarter earnings report should provide a barometer on how much more advertising shifted to the Internet during the holiday shopping season.
UAE property companies agree on merger
01/22/2013 6:24am
The struggling developer of Abu Dhabi's Yas Island _ the site of the city's Formula One Grand Prix _ has agreed to merge with a smaller rival in a deal that could help stabilize the recovering property sector in the United Arab Emirates.
Pressure on Spanish PM to explain Swiss bank money
01/22/2013 7:04am
Pressure piled up Tuesday on Spanish conservative Prime Minister Mariano Rajoy, with opposition parties demanding he appear before Parliament to explain how a former governing party treasurer amassed (EURO)22 million ($29 million) in a Swiss bank account.
Greek statistics head faces charges over revision
01/22/2013 9:13am
Greek prosecutors recommended Tuesday that charges be brought against the head of the statistics agency and two other employees for allegedly inflating the country's 2009 deficit in order to make the economic situation appear worse than it was.
UK police: Robbers raid cash machine in bank heist
01/22/2013 9:25am
British police are hunting thieves who cut a hole through the wall of a bank to raid a cash machine.
EU pilots, cabin crew call for fatigue protection
01/22/2013 10:12am
Pilots and cabin crew on Tuesday staged demonstrations in several European airports against planned EU legislation they say could force them to fly excessive hours and threaten the safety of passengers, but critics accused them of scaremongering.
Owner: Hijackers release ship taken in Ivory Coast
01/22/2013 11:05am
Armed hijackers who seized control of a fuel-laden tanker in Ivory Coast released the vessel on Tuesday after making off with about $5 million in cargo, the ship's owner said.
Rolls-Royce to cut defense jobs at UK plant
01/22/2013 11:07am
Rolls-Royce said Tuesday it is planning to reduce its defense operations at one of its British plants _ a move that a union said would result in the loss of some 400 jobs.
CEOs head to Davos more pessimistic about 2013
01/22/2013 11:25am
The snow has fallen and the hotels are ready, but the CEOs gathering in Davos for the World Economic Forum are facing strong worries about public mistrust, disappearing jobs and a shaky global recovery.
Financial lobby group warns on emerging markets
01/22/2013 12:00pm
A leading lobby group for the world's financial institutions is warning investors not to get caught short in emerging markets if rich-country central banks end their stimulus measures.
Survey: Global movie spending up 2.1 pct in 2012
01/22/2013 12:01pm
Global spending on movies rose 2.1 percent last year to $62.4 billion, helped by increased theater attendance in China and growth in emerging markets as spending on discs continued to fall.
News Summary: Germany, France seek unity on Europe
01/22/2013 12:26pm
JOINT PLANS: Germany and France will produce joint proposals on improving economic coordination in the European Union this spring, the countries' leaders said Tuesday, downplaying recent differences as they marked the 50th anniversary of a landmark reconciliation accord.
Italy steel exec arrested in UK over ILVA plant
01/22/2013 12:31pm
An Italian steel executive turned himself into British authorities on Tuesday after being placed under investigation in Italy over environmental and health problems at Europe's largest steel mill _ a case that has become a major headache for the government given the 20,000 jobs at risk if the plant closes.
SEC settles with Egan-Jones over gov't ratings
01/22/2013 1:41pm
The Securities and Exchange Commission has barred Egan-Jones Ratings Co. from rating governments and issuers of other types of bonds as a recognized ratings agency for at least 18 months.
It's cowboys v. showgirls in Coke's Super Bowl ad
01/22/2013 1:56pm
Most people will be cheering for the San Francisco 49ers or Baltimore Ravens during Super Bowl XLVII on Feb. 3.
Credit-easing steps by central banks, at a glance
01/22/2013 2:01pm
Major central banks around the world have been pursuing low-interest rate policies to try to stimulate growth and reduce high unemployment.
US Trade Rep. Kirk to step down in February
01/22/2013 2:30pm
U.S. Trade Representative Ron Kirk, who worked to get trade agreements with South Korea, Colombia and Panama through Congress, is leaving the Obama administration next month.
News Summary: SEC settles with credit-rating firm
01/22/2013 2:46pm
SEC SETTLES: The Securities and Exchange Commission barred Egan-Jones Ratings Co. from rating governments and issuers of asset-backed bonds as a recognized rating agency for 18 months. The order came as part of a settlement with Egan Jones.
CEOs head to Davos more pessimistic about 2013
01/22/2013 2:58pm
As high-powered CEOs flock to the snowy Swiss resort of Davos, they are loaded down with baggage _ not just skis and iPads but concerns about the global economy, public mistrust, disappearing jobs and a heap of other challenges.
Delta hints at frequent flier changes
01/22/2013 3:04pm
Delta Air Lines is hinting that its frequent flier program will increasingly favor big spenders over travelers who simply rack up miles.
AB InBev gets Bud back in EU court case
01/22/2013 3:13pm
Ask for a "Bud" in the European Union and the only one you'll get from now on is the one from brewing giant AB InBev.
Lowe's to hire 45,000 seasonal workers for spring
01/22/2013 3:41pm
Home-improvement retailer Lowe's Cos. said Tuesday that it plans to hire 45,000 seasonal workers ahead of its busy spring season, a sign that the nascent housing recovery is creating jobs.
Wal-Mart warns suppliers on stricter measures
01/22/2013 3:53pm
Wal-Mart Stores Inc. has alerted its global suppliers that it will immediately drop them if they subcontract their work to factories that haven't been authorized by the discounter.
News Summary: CSX railroad's 4Q profit down 3 pct
01/22/2013 4:50pm
COAL CONCERNS: CSX railroad says coal revenue fell 18 percent in the fourth-quarter, but growth in intermodal and merchandise shipments nearly offset that. CSX says net income declined 3 percent to $443 million, or 43 cents per share.
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