ING 4Q profits up, plans 2,400 job cuts
02/13/2013 12:09am
ING Group NV, the Dutch bank and insurance company, says net profit rose in the fourth quarter due to larger gains from asset sales, and it plans to shed an additional 2,400 jobs in Belgium and the Netherlands through 2015.
Coroner: Soft drinks may need health warnings
02/13/2013 1:44am
A New Zealand food industry association on Wednesday rejected a coroner's call to add health warnings to soft-drink labels following the 2010 death of a woman who drank about 2 gallons of Coca-Cola a day.
Bahrain Air grounded by mounting debts
02/13/2013 2:32am
Debt-burdened carrier Bahrain Air grounded all flights Wednesday after announcing plans to shut down operations and sell its assets amid struggles to rebound from the Gulf nation's unrest-driven downturn and competition with bigger rivals.
Heineken full-year profit soars on one-time gain
02/13/2013 3:19am
Heineken NV said Wednesday its profit doubled in 2012 following a reappraisal of its Asian business.
Germany welcomes Obama's EU-US free trade call
02/13/2013 4:25am
Germany, Europe's biggest economy, has welcomed President Barack Obama's endorsement of free trade negotiations between the United States and the European Union.
News Summary: Lexus, Porsche tops in dependability
02/13/2013 8:04am
COUNT ON CARS: A new study by J.D. Power and Associates says vehicles are more dependable than ever. The study questioned 37,000 owners of 2010 model year vehicles and measured the problems they had in the last year, from engine failure to electronic glitches.
Crisis-hit Greece backs pipeline for Caspian gas
02/13/2013 8:20am
Greece, Italy and Albania signed an agreement Wednesday backing a proposed pipeline to transport natural gas from the Caspian Sea to western Europe, intensifying the rivalry with a competing project.
Brazil's booming beauty market draws investors
02/13/2013 8:24am
Looking good has always been serious business in Brazil. Now it's big business, too.
Peugeot Citroen posts $6.7 billion loss for 2012
02/13/2013 8:51am
PSA Peugeot Citroen posted a record (EURO)5 billion ($6.7 billion) loss last year after Europe's cratering car market forced France's largest automaker to book a (EURO)3 billion financial charge.
BOE to tolerate inflation rise as it helps economy
02/13/2013 8:57am
The Bank of England predicted Wednesday that the U.K.'s inflation rate may hit 3 percent by summer _ but pledged to tolerate the increase in an attempt to help the economy recover.
Taco Bell to launch Cool Ranch tacos March 7
02/13/2013 9:03am
Taco Bell fans can finally mark their calendars: Doritos Locos Tacos in Cool Ranch flavor will be launched March 7.
Swiss banks to hold more capital on mortgage risks
02/13/2013 9:12am
The Swiss government took action Wednesday to stop the country's housing market from running out of control by requiring banks to hold more capital reserves.
Lew faces sharp questions about time at Citi
02/13/2013 9:45am
Treasury Secretary nominee Jacob Lew is facing sharp questions from Republicans over his tenure at Citigroup during the financial crisis and a nearly $1 million bonus he received while the bank was being bailed out by taxpayers.
Want a home-cooked meal? It's in the can
02/13/2013 9:49am
There's nothing more satisfying than a home-cooked meal, especially if it comes out of a can or a pouch.
Play your (credit) cards right for a free vacation
02/13/2013 10:48am
A free vacation could be in the cards.
Taco Bell to launch Cool Ranch tacos March 7
02/13/2013 11:26am
Taco Bell fans can finally mark their calendars: Doritos Locos Tacos in Cool Ranch flavor will be launched March 7.
Thomson Reuters to cut 2,500 jobs
02/13/2013 11:41am
News and financial information company Thomson Reuters on Wednesday said it is cutting 2,500 jobs, or about 4 percent of its workforce, this year as it tries to reduce costs and turn around its largest division.
Lexus, Porsche top vehicle dependability rankings
02/13/2013 12:00pm
If there's one thing you can count on, it's your car.
Refunds and free tax assistance for two-thirds of Americans
02/13/2013 12:09pm
It's tax season and while we may be anxious to get our return, it also means we have to prepare our taxes.
Dubai backs plans for world's biggest Ferris wheel
02/13/2013 12:36pm
Dubai's ruler has approval a $1.6 billion island development project that would be home to what's billed as the world's biggest Ferris wheel.
UK gives Rolls-Royce $1.2B submarine contract
02/13/2013 12:55pm
Britain's Ministry of Defense has awarded an 800-million-pound ($1.2 billion) contract to Rolls-Royce Submarines to deliver and maintain the U.K.'s nuclear fleet.
Horsemeat scandal exposes complex food chain
02/13/2013 12:59pm
First, there was "pink slime." Then horsemeat. Most recently? "Desinewed meat."
Lew signals support for tax code rewrite
02/13/2013 2:43pm
Jacob Lew, President Barack Obama's nominee for Treasury secretary, pledged to work with Congress on a comprehensive overhaul of the tax code while urging lawmakers to avoid automatic spending cuts that could slow the economy's progress.
Dutch company eyed in mislabeled horsemeat scandal
02/13/2013 4:03pm
A Cyprus-registered company called "Draap Trading Ltd." moved to the center of Europe's horsemeat mislabeling scandal Wednesday, as it emerged that a man with the same name as the owner of Draap was convicted of fraud for passing off horsemeat as beef by a Dutch court last year.
Fidelity: 401(k) balances grew 12 percent in 2012
02/13/2013 10:50pm
Employee 401(k) accounts are growing fast thanks to the surging stock market and increased contributions from workers and their employers.
Fidelity: 401(k) balances grew 12 percent in 2012
02/13/2013 10:57pm
Employee 401(k) accounts are growing fast, thanks to the surging stock market and increased contributions from workers and their employers.
News Summary: Fidelity 401(k)s grew 12 pct in '12
02/13/2013 11:00pm
401(k) BALANCES GROW: Fidelity Investments says the average 401(k) account balance among its accountholders rose to $77,300 at the end of last year. That's up 12 percent from the average at the end of 2011, according to Fidelity, the nation's largest 401(k) administrator. In the final three months of 2012, the average account balance grew 2 percent.
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