Liberty Global to buy Virgin Media for $16B
02/06/2013 4:30am
Liberty Global Inc., the cable TV operator owned by media mogul John Malone, is buying U.K.-based Virgin Media Inc. in a deal valued at $16 billion.
Rupert Murdoch: Chinese are still hacking the WSJ
02/06/2013 5:14am
Wall Street Journal proprietor Rupert Murdoch says that Chinese hackers are still attacking his newspaper, suggesting the spying campaign against U.S. journalists unveiled last week is still live.
Europe dents Glaxo's Q4 profits
02/06/2013 5:43am
U.K. pharmaceutical company GlaxoSmithKline is looking to cut costs further this year as it reported a sharp drop in fourth-quarter profit on the back of problems in Europe.
Germany takes steps to curtail risky trading
02/06/2013 6:25am
Germany wants to punish bankers who take excessive risks and require some banks to separate retail activity from riskier proprietary trading, officials said Wednesday.
Monopoly fans vote to add cat, toss iron tokens
02/06/2013 6:46am
Scottie dog has a new nemesis in Monopoly after fans voted in an online contest to add a cat token to the property trading game, replacing the iron, toy maker Hasbro Inc. announced Wednesday.
Postal Service to cut Saturday mail to trim costs
02/06/2013 7:45am
The U.S. Postal Service will stop delivering mail on Saturdays but continue to deliver packages six days a week under a plan aimed at saving about $2 billion, the financially struggling agency says.
Geithner joining Council on Foreign Relations
02/06/2013 7:51am
Timothy Geithner is joining the Council on Foreign Relations in New York, his first public move since stepping down as U.S. Treasury Secretary last month.
FDA warns of new fake batch of cancer drug Avastin
02/06/2013 8:55am
The Food and Drug Administration is warning doctors about another counterfeit version of the cancer drug Avastin distributed in the U.S., the third case involving the best-selling Roche drug in the past year.
Fed: Hackers breached website with contact info
02/06/2013 9:19am
The Federal Reserve says an internal website was briefly breached by hackers but no critical Fed operations were affected.
FDA warns of new fake batch of cancer drug Avastin
02/06/2013 9:56am
The Food and Drug Administration is warning U.S. doctors about another counterfeit version of the cancer drug Avastin, the third case involving the best-selling Roche drug in the past year.
Reliance buying Metals USA for about $766.1M
02/06/2013 10:18am
Reliance Steel & Aluminum Co. is buying Metals USA Holdings Corp. for about $766.1 million.
News Summary: Postal Service to cut Saturday mail
02/06/2013 10:23am
CANCELED: The financially struggling U.S. Postal Service will stop delivering mail on Saturdays but continue to disburse packages six days a week. The Saturday mail cutback is to begin in August and should save about $2 billion annually.
News Summary: Reliance buying Metals USA
02/06/2013 10:52am
STEEL DEAL: Reliance Steel & Aluminum Co. is buying Metals USA Holdings Corp. for about $766.1 million. Reliance will pay $20.65 per Metals USA share. That's a 13 percent premium to Tuesday's closing price of $18.30.
Opinion: Feds love regulation, hate budgets
02/06/2013 11:54am
A look at some things our government is good at, and some areas where it could definitely work on its game.
Hollande, Merkel take in soccer game before summit
02/06/2013 1:25pm
Before they face off in Brussels, the leaders of Germany and France are watching their national teams go at it on the soccer field.
Shareholder suit challenges Dell buyout plan
02/06/2013 2:59pm
A lawsuit challenging plans to take troubled personal computer maker Dell Inc. private is being filed in Delaware.
Plywood maker Boise Cascade soars after IPO
02/06/2013 3:14pm
Riding a U.S. housing recovery and a booming stock market, Boise Cascade, a maker of plywood and other building materials, jumped 25 percent in its market debut Wednesday.
Ralph Lauren's 3Q profit up 27 pct
02/06/2013 3:14pm
Ralph Lauren Corp. posted a 27 percent increase in its fiscal third-quarter profit as the designer clothing company enjoyed continued momentum in spending among its affluent shoppers in the U.S. and improving trends in Europe during the crucial winter holidays.
6 tips on buying, renting a home for extra income
02/06/2013 3:29pm
Low mortgage rates have made buying a home more affordable and turned rentals into an attractive option for investors.
FDA warns of new fake batch of cancer drug Avastin
02/06/2013 3:39pm
The Food and Drug Administration is warning U.S. doctors about another counterfeit version of the cancer drug Avastin, the third case involving the best-selling Roche drug in the past year.
Elan, Biogen change terms of Tysabri collaboration
02/06/2013 4:00pm
Biogen Idec will take over full ownership of the multiple sclerosis treatment Tysabri from its partner Irish drugmaker Elan Corp. PLC in exchange for a $3.25 billion cash payment and royalties on future sales.
News Summary: Less mail could be Netflix's gain
02/06/2013 4:02pm
LESS MAIL, MORE PROFIT: The Postal Service plan to eliminate Saturday home delivery probably won't hurt Netflix Inc., one of its biggest customers. That's because Netflix's postal bill will shrink and subscribers probably won't watch as many DVDs while paying the same monthly fee.
News Summary: Elan, Biogen revise Tysabri deal
02/06/2013 4:08pm
TAKING OVER: Biogen Idec will take over full ownership of the multiple sclerosis treatment Tysabri from its partner Elan Corp. PLC in exchange for a $3.25 billion cash payment and royalties on future sales.
News summary: News Corp. cuts outlook, shares fall
02/06/2013 4:25pm
MUST CUT: News Corp. cut its annual forecast for operating income to grow by a "mid- to high single digit" percentage, down from the "high single- to low double-digit" percentage it predicted in November.
Year of the snake promises calmer HK market
02/06/2013 4:36pm
As the Year of the Snake slithers into sight, investors should take comfort that the reptile's traditionally negative effect on stock markets probably won't be so big this year, according to the astrological predictions of a Hong Kong brokerage.
FedEx officers, directors accept buyout plan
02/06/2013 4:45pm
FedEx Corp., the world's second biggest package delivery company, said Wednesday that it will lose more than 10 percent of its U.S.-based executives under a voluntary buyout plan.
Barclays to lay off 275 employees at NYC offices
02/06/2013 6:43pm
Barclays Capital says it plans to lay off 275 employees at three offices in New York.
United cuts 787 from February schedule
02/06/2013 6:47pm
United Airlines is taking the troubled Boeing 787 out of its flying plans for the rest of this month.
SKorean cabin crew fight skirt-only dress code
02/06/2013 8:21pm
South Korea's human rights commission has recommended that the country's second-largest airline allow its female cabin crew to wear trousers, adding weight to a union campaign to ease strict dress rules.
Credit Suisse posts 4Q net profit, in a turnaround
02/06/2013 11:53pm
Credit Suisse Group on Thursday posted a profit for the fourth quarter of 397 million Swiss francs ($435 million), a turnaround from a year ago that reflected a tough year of cost-cutting and consolidation.
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