Unilever fourth quarter sales grow 7.8 percent
01/23/2013 4:37am
Unilever 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.
Big bankers defend against critics amid crisis
01/23/2013 5:52am
Leading 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.
Kuwait lawmakers clear airline privatization plan
01/23/2013 6:53am
Kuwait'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.
Spain recession deepened in Q4, central bank says
01/23/2013 7:28am
Spain'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.
Dubai bonds raise $1.25B in hint of recovery
01/23/2013 10:02am
Dubai 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.
Best Buy enlists Amy Poehler for Super Bowl spot
01/23/2013 10:29am
Best 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.
General Dynamics reports $2.13B 4Q loss
01/23/2013 10:32am
Shares 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.
Buoyed by surging demand, Ikea to expand globally
01/23/2013 10:48am
Ikea 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).
United Technologies 4Q profit down but sales grow
01/23/2013 10:58am
United 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.
News Summary: WellPoint 4Q profit rises 38 pct
01/23/2013 11:39am
HEALTHY 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.
Summary Box: Pipeline decision months away
01/23/2013 11:57am
NEBRASKA 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.
Turkey: Syrian regime's actions equal war crimes
01/23/2013 12:05pm
Syria'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.
Cameron proposes British vote on EU relationship
01/23/2013 12:52pm
British 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.
Algeria militants played shrewd media game
01/23/2013 1:05pm
As 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.
News Summary: United Tech 4Q profit down, sales up
01/23/2013 1:48pm
THE NEWS: United Technologies Corp. fourth-quarter earnings from continuing operations slid 26 percent on charges, but the manufacturing conglomerate posted double-digit revenue growth.
Invest now, Russia says _ but warning signs loom
01/23/2013 1:59pm
Is 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."
News Summary: McDonald's plans menu items for 2013
01/23/2013 2:09pm
MEAL 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.
How US jobs came back after recent recessions
01/23/2013 3:02pm
Midpay 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:
Swiss block export of gun parts destined for Saudi
01/23/2013 3:46pm
The 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.
6 tips to get out from under holiday debt in 2013
01/23/2013 4:02pm
A wallet-emptying shopping binge and New Year's debt hangover are mainstays for many consumers.
News Summary: 6 tips on paying down holiday debt
01/23/2013 4:19pm
DEBT 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.
Big banks, under pressure, on defense at Davos
01/23/2013 4:37pm
If 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.
Amgen 4Q profit drops 16 pct. on higher spending
01/23/2013 5:44pm
Drugmaker 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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