01/23/2013 4:37amUnilever PLC, the maker of consumer products such as Dove soaps and Magnum ice cream, says sales rose 7.8 percent to (EURO)12.6 billion ($16.8 billion) in the fourth quarter thanks to strong demand in developing economies, the company's biggest market in 2012.
01/23/2013 5:52amLeading bankers at the World Economic Forum in Davos, Switzerland, are on the defensive amid demands to regulate their industry more closely following the financial crisis that battered the global economy.
01/23/2013 6:53amKuwait's parliament has approved a privatization plan for the struggling flagship carrier Kuwait Airways that includes a special government-appointed panel to oversee the transition.
01/23/2013 7:28amSpain's recession deepened in the fourth quarter of 2012, when the economy shrank by 0.6 percent compared with the previous three-month period, according to preliminary estimates from the Bank of Spain on Wednesday.
01/23/2013 10:02amDubai says two bond offerings have raised $1.25 billion in what appeared to signal investor interest returning to the city-state after a stunning downturn.
01/23/2013 10:29amBest Buy Co. has enlisted actress and comedian Amy Poehler to get its brand message across in a humor-focused spot during the Super Bowl XLVII.
01/23/2013 10:32amShares of General Dynamics fell more than 3 percent in midday trading Wednesday after the aerospace and defense company reported a huge fourth-quarter loss due to charges related to slowing defense spending.
01/23/2013 10:48amIkea says it plans to open 25 new outlets and recruit 75,000 more workers overall by 2020, as its global market share last year increased with annual net profit growing 8 percent to (EURO)3.2 billion ($4.3 billion).
01/23/2013 10:58amUnited Technologies Corp. posted a 26 percent drop in fourth-quarter net income from continuing operations on Wednesday due to one-time items including restructuring costs and completing its $18.4 billion Goodrich acquisition.
01/23/2013 11:39amHEALTHY PERFORMANCE: Health insurer WellPoint Inc. said Wednesday it earned $464.2 million, or $1.51 per share, in the three months that ended Dec. 31. Earnings totaled $1.03 per share, excluding adjustments and one-time items. Operating revenue climbed less than 1 percent to $15.27 billion.
01/23/2013 11:57amNEBRASKA NOD: Nebraska Gov. Dave Heineman's approval of a revised route for the Keystone XL oil pipeline hands the project back to the federal government. State Department officials do not expect to complete a review before the end of March.
01/23/2013 12:05pmSyria's bombardment of its citizens should be declared a war crime and aid groups must be given greater access to the millions suffering there, Turkey's foreign minister told the World Economic Forum.
01/23/2013 12:52pmBritish Prime Minister David Cameron pledged Wednesday to offer citizens a vote on whether to leave the European Union if his party wins the next election, prompting rebukes from European leaders accusing the premier of putting the bloc's future at risk over domestic politics.
01/23/2013 1:05pmAs wildly contradictory accounts trickled out about a terror attack at an Algerian gas plant, one source of information proved to be the most reliable: announcements by the al-Qaida-linked militants themselves.
01/23/2013 1:48pmTHE NEWS: United Technologies Corp. fourth-quarter earnings from continuing operations slid 26 percent on charges, but the manufacturing conglomerate posted double-digit revenue growth.
01/23/2013 1:59pmIs Russia a haven of promise for the bruised global economy? Russian officials insist it is _ and are bringing out the vodka in snowy Davos to change the minds of critics who say "nyet."
01/23/2013 2:09pmMEAL DEAL: McDonald's profit edged up in the fourth quarter after some moves to boost slumping sales, including touting its Dollar Menu and pushing franchisees to stay open on Christmas.
01/23/2013 3:02pmMidpay jobs aren't coming back from the Great Recession, partly because jobs in the middle are the most vulnerable to computer technology. That shortfall has helped prevent the total jobs lost in the recession from being regained. A look at how midpay jobs have fared in the five most recent U.S. recessions that were followed by a recovery that lasted at least 42 months:
01/23/2013 3:46pmThe Swiss government blocked a shipment of pistol parts to the United States on Wednesday, citing the risk that they could be used to commit human rights abuses at their final destination in Saudi Arabia.
01/23/2013 4:02pmA wallet-emptying shopping binge and New Year's debt hangover are mainstays for many consumers.
01/23/2013 4:19pmDEBT HANGOVER: Many consumers rack up credit card debt shopping during the holiday season and then face mounting bills in the new year. If that sounds like you, there are many strategies to get you on the path of detoxing your finances this year.
01/23/2013 4:37pmIf there is one place bankers should be able to let down their guard a little, you would think it would be at the World Economic Forum in Davos, an exclusive gathering of 2,500 of the globe's financial and corporate elite.
01/23/2013 5:44pmDrugmaker Amgen Inc. on Wednesday posted a 16 percent drop in fourth-quarter profit, as higher costs for production, marketing, research and other items offset higher sales for many of its biologic medicines. The results fell a bit short of Wall Street expectations.
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