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Archive: News / Biz / Business & Finance (23 Stories)

Ahold selling stake in Scandinavian ICA stores

02/11/2013 2:32am
Dutch supermarket operator Royal Ahold NV says it has agreed to sell its 60-percent stake in Scandinavian retailer ICA for 21.2 billion krona ($3.3 billion) to investment group Hakon Invest.

Germany: no prospect of shale gas fracking soon

02/11/2013 3:18am
Germany's environment minister says he doesn't expect the extraction of natural gas by "fracking" will start any time soon in Europe's biggest economy.

Zimbabwe central bank announces tougher cash rules

02/11/2013 6:15am
Zimbabwe's central bank said it is enforcing tougher rules Monday to rein in "the delinquent behavior" of businesses holding cash abroad.

Finnish nuclear reactor delayed further until 2016

02/11/2013 7:44am
Finnish utility TVO says the completion of the country's fifth nuclear reactor will be further delayed and the company does not expect it to go online until 2016.

Norway's oil fund buys US real estate for 1st time

02/11/2013 7:59am
Norway's vast oil fund has made its first real estate investment in the U.S., buying stakes in five office buildings in New York, Washington and Boston for $600 million.

Mountain Dew introduces a breakfast drink

02/11/2013 8:06am
If you don't like coffee or tea, Mountain Dew has a new breakfast drink that might perk you up.

Novo Nordisk US shares skid on drug review setback

02/11/2013 8:18am
Shares of Novo Nordisk tumbled Monday after the Danish drugmaker said U.S. regulators need a new study before they can finish their review of two diabetes treatments, a development that could delay approval for several years.

Greeks snatch urban metal to get through crisis

02/11/2013 9:08am
When Greece adopted the euro, it poured billions into modernizing its infrastructure, building spectacular bridges, highways, and a brand new rail transit network for Athens.

News Summary: Greek farmers launch daily blockades

02/11/2013 10:38am
TOUGH ROW TO HOE: Greece's farmers launched a campaign of highway blockades, as the conservative-led government said deep spending cuts were helping the country beat budget targets.

News Summary: Business booms in Philly shipyard

02/11/2013 11:02am
SEA CHANGE: Once the nation's first shipyard, A sprawling Philadelphia property is now home to 130 companies and 10,000 employees in industries as varied as fashion, pharmaceuticals, colleges and cupcakes.

Banking lobby urges coordinated regulation

02/11/2013 11:18am
An association of the world's financial institutions is urging governments to better coordinate their banking rules.

New markets push up L'Oreal profits, sales

02/11/2013 11:26am
Cosmetics giant L'Oreal SA says that for the first time it made more money in emerging markets last year than western Europe or North America _ and that helped push sales and profits up.

News Summary: Metal robbers on the rise in Greece

02/11/2013 11:26am
THE OLD: When Greece adopted the euro, it poured billions into modernizing its infrastructure, building spectacular bridges, highways, and a brand new rail transit network for Athens.

Most commodities finish lower

02/11/2013 1:53pm
Grains finished lower Monday after the Agriculture Department said it expects shrinking soybean plantings this year, as prices and returns decline.

SBA head Mills to leave Obama administration

02/11/2013 2:29pm
Karen Mills is leaving her post as head of the Small Business Administration, opening yet another Cabinet-rank job for President Barack Obama to fill at the start of his second term. Obama says Mills played a leading role supporting start-up businesses and entrepreneurs.

Tips on disputing errors on your credit report

02/11/2013 3:16pm
Disputing credit report errors can be complicated and frustratingly slow. But it is also a necessary task for Americans who want to avoid paying more on loans and credit cards for a mistake they did not make.

SBA head Mills to depart; led through hard times

02/11/2013 3:19pm
Karen Mills, the head of the Small Business Administration as it focused on helping small companies recover from the Great Recession, is stepping down.

Report: AMR, US Airways boards to meet this week

02/11/2013 3:22pm
Directors of American Airlines and US Airways reportedly plan to meet Wednesday to consider a merger.

News Summary: 1 in 4 consumers had credit error

02/11/2013 3:30pm
ERRORS IN CREDIT REPORTS: One in four consumers had an error in a credit report issued by a major agency, according to a government study.

News summary: SBA head Karen Mills to resign

02/11/2013 3:33pm
STEPPING DOWN: Small Business Administration head Karen Mills says she plans to resign. She joins a number of officials who are leaving the Obama administration.

Female sales reps: Daiichi Sankyo discriminates

02/11/2013 4:35pm
Six current and former female sales representatives are accusing drugmaker Daiichi Sankyo of gender discrimination in a $100 million class action lawsuit.

Study: 1 in 4 consumers had error in credit report

02/11/2013 4:37pm
One in four consumers found an error in a credit report issued by a major agency, according to a government study released Monday.

News Summary: Disputing errors on a credit report

02/11/2013 6:00pm
ERRORS HAPPEN: A Federal Trade Commission study has found that one in four consumers surveyed discovered an error in at least one of their credit reports from the three major credit bureaus.
 
   
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