EDF: 4.6 percent growth in core profit in 2012
02/14/2013 12:30am
French electricity giant EDF says its core profit rose 4.6 percent last year behind solid organic growth in Italy and its home market and growing demand for nuclear power in Britain, and despite a tough economic climate.
EDF: 5 percent growth in net profit in 2012
02/14/2013 1:53am
French electricity giant EDF said Thursday its net profit rose 5 percent last year behind solid organic growth in Italy and its home market and growing demand for nuclear power in Britain, and despite a tough economic climate.
Renault earnings slump in 2012 despite Volvo sale
02/14/2013 1:58am
French car maker Renault managed to shore up its cash position in 2012 even though it saw its profits crumble during the year in spite of a big one-off gain from the sale of its shares in Swedish truck maker AB Volvo.
World gold sales slip for first time in 3 years
02/14/2013 3:09am
Global gold sales slipped in 2012 for the first time in three years as the biggest central bank purchases in half a century weren't able to offset a decline in demand from India, an industry group said Thursday.
Australia's Tinto post $3 billion loss for 2012
02/14/2013 3:29am
Anglo-Australian mining group Rio Tinto PLC posted a $3 billion loss for 2012 after taking a $14 billion writedown from its aluminum business and the acquisition of a coal company in Mozambique.
India, France review pending defense deal
02/14/2013 4:22am
India and France on Thursday reviewed progress in a multibillion-dollar deal to build French fighter jets for the Indian air force and a separate agreement to construct the world's biggest civilian nuclear power complex in western India.
India's economy falls short of lofty aspirations
02/14/2013 4:32am
India's statistics agency is forecasting economic growth of only 5 percent for the fiscal year ending March, the weakest in a decade. It's a big comedown from just a couple of years ago when officials boasted India could grow at 10 percent or more a year and overtake China.
Cardinal Health to buy AssuraMed for about $2 B
02/14/2013 6:52am
Cardinal Health Inc. will spend about $2 billion to acquire the medical supplier AssuraMed to extend its reach to patients receiving care at home.
Poland's Dreamliners grounded through October
02/14/2013 7:42am
Polish airline LOT said Thursday it is keeping its Boeing 787 Dreamliners grounded through October while the U.S. company tries to solve a potential safety threat. The late date suggests some airlines are growing skeptical about the plane's chances of resuming flight soon.
A timeline of events in American Airlines' history
02/14/2013 9:11am
1930: American Airways Inc. is incorporated. The name changes to American Airlines Inc. in 1934.
Timeline of major events in US Airways history
02/14/2013 9:13am
1939: Richard du Pont, of the DuPont chemical dynasty, founds All American Aviation, providing airmail service in Pennsylvania and the Ohio valley.
Little overlap in American, US Airways routes
02/14/2013 9:17am
In the jigsaw puzzle of airline routes, American Airlines and US Airways are two pieces that fit together almost perfectly.
DirecTV 4Q earnings, revenue beat expectations
02/14/2013 9:23am
DirecTV, the country's largest provider of satellite TV services, beat Wall Street estimates for the fourth quarter, propelled by business operations as well as asset sales and one-time tax benefits.
Barnes & Noble shares fall as Nook losses grow
02/14/2013 9:31am
Barnes & Noble Inc. shares fell Thursday after the retailer said that it expects losses from its Nook e-reader business to be larger in 2013 than last year.
What an American-US Airways merger means for you
02/14/2013 9:36am
While American Airlines and US Airways announced plans to merge Thursday, it will be several months _ if not years _ before passengers see any significant impact.
Nestle makes $11.55 billion profit in 2012
02/14/2013 10:25am
Nestle SA, the world's biggest food and drinks maker, predicted another challenging year ahead but overcame tough global economic conditions to post a full-year net profit Thursday of 10.6 billion Swiss francs ($11.55 billion) for 2012.
US Airways hopes to gain legitimacy with merger
02/14/2013 11:01am
US Airways is poised to become the industry giant it has long aspired to be.
As others pull back, Vegas amps up gun promotions
02/14/2013 11:33am
One Las Vegas shooting range is selling "take a shot at love" packages that include 50 submachine gun rounds. Another is offering wedding packages in which the bride and groom can pose with Uzis and ammunition belts. And a third invites lovebirds to renew their vows and shoot a paper cutout zombie in the face.
Smart Spending: Outsource spring cleaning cheaply
02/14/2013 11:38am
Spring cleaning can make a home feel like new, but let's face it, it's a pain. But it's possible to outsource some of that work without being a millionaire.
Coach's longtime CEO Frankfort to give up title
02/14/2013 12:04pm
Coach's longtime CEO Lew Frankfort, who transformed what had been a small leather goods business into a global luxury brand, will step aside next year.
MetLife says it's no longer bank holding company
02/14/2013 12:32pm
The insurer MetLife Inc., which sold its bank deposits in January, says it is no longer a bank holding company.
At A Glance: Ketchup king Heinz
02/14/2013 12:55pm
Warren Buffett's Berkshire Hathaway said Thursday it is teaming up with investment firm 3G Capito to buy ketchup maker H.J. Heinz Co. for $23.3 billion. The deal is the largest ever in the food industry and is intended to help the 144-year-old Heinz transform into a global business.
Merger activity stirs on Wall Street
02/14/2013 1:21pm
Companies are buying each other again.
Toyota pays $29M to states to settle safety suit
02/14/2013 2:06pm
Toyota said Thursday it will pay $29 million to 29 states and American Samoa as part of a settlement related to its safety recalls.
Heinz brand, family ties, ubiquitous in Pittsburgh
02/14/2013 2:18pm
A company with its roots in a teenager selling bottles of horseradish is now as much a symbol of Pittsburgh as steel.
Heinz becomes perfect side to Buffett's deals
02/14/2013 2:23pm
Billionaire Warren Buffett remains happiest while hunting for deals like Thursday's $23.3 billion acquisition of the maker of Heinz ketchup his Berkshire Hathaway Inc. is helping finance.
News Summary: GM turns 2012 profit despite Europe
02/14/2013 2:50pm
IN GEAR: General Motors' full-year profit fell 36 percent to $4.9 billion in 2012, partly because of one-time tax changes. Revenue rose 1 percent to $152.3 billion.
Tiffany sues Costco over engagement rings
02/14/2013 3:04pm
A Tiffany & Co. subsidiary is suing Costco, claiming the wholesale club operator has been selling engagement rings wrongly labeled "Tiffany" rings.
Merck settles investor suits on cholesterol drugs
02/14/2013 3:20pm
Merck & Co. has agreed to pay $688 million to settle two long-running lawsuits brought by investors who alleged the drugmaker delayed releasing bad news on its blockbuster cholesterol drugs to prevent a drop in sales.
FDA seizes illegal dietary supplements in Florida
02/14/2013 3:34pm
The Food and Drug Administration says U.S. marshals have seized illegal dietary supplements from a Florida company because some may contain a dangerous pharmaceutical ingredient.
Constellation's shares soar on revised beer deal
02/14/2013 3:38pm
Shares of Constellation Brands soared on investor hopes that a $20.1 billion tie-up between beer giants Anheuser-Bush InBev and Grupo Modelo will gain approval from U.S. regulators after the companies revised deal terms.
Corona-Bud revise deal to appease regulators
02/14/2013 3:46pm
Anheuser-Busch InBev changed the terms of its proposed $20.1 billion acquisition of Mexican brewer Grupo Modelo Thursday in an attempt to push through a deal that federal regulators say will kill competition.
4 tips for investors to ease growing tax bite
02/14/2013 3:47pm
This year's tax-filing deadline is a couple months away, and many investors are beginning to review whether they made any rash moves with their portfolios to trigger potentially unnecessary tax bills. It's a good instinct to follow, because it can become a teachable moment on how to become a tax-savvy investor.
APNewsBreak: Iowa unaware of company's fraud suit
02/14/2013 3:52pm
State and local officials promised an Egyptian company $200 million in tax breaks to build a fertilizer plant in southeast Iowa without knowledge of a pending lawsuit alleging one of the company's subsidiaries defrauded U.S. taxpayers out of millions of dollars, officials told The Associated Press.
Crippled cruise ship slowly makes its way to land
02/14/2013 3:58pm
This is not at all how it looked in the brochure: Pulled by a tugboat at a maddeningly slow pace, the ill-fated cruise ship Carnival Triumph finally drew within sight of land on Thursday as miserable passengers told stories of overflowing toilets, food shortages, foul odors and dangerously dark passageways.
J&J again recalls thousands of faulty hip implants
02/14/2013 4:00pm
Johnson & Johnson has again recalled thousands of its hip implants, 2 1/2 years after the problem-plagued health care giant issued a recall of two other types of its artificial hips.
US Airways lands $11 billion merger with American
02/14/2013 8:25pm
US Airways CEO Doug Parker has landed the big merger he sought for years. Now the soon-to-be CEO of the new American Airlines has to make it work.
Tata Motors quarterly profit slides on JLR costs
02/14/2013 9:20pm
India's Tata Motors Ltd. said quarterly profit fell by more than half as earnings dropped at its Jaguar Land Rover business and a weak economy sapped vehicle sales at home.
French group PPR 2012 sales rise 20.8 percent
02/14/2013 11:36pm
Strong luxury sales outside Europe raised French retail and luxury group PPR's 2012 revenue and profits, after the company behind Gucci and Yves Saint Laurent jettisoned two of its weaker brands and pressed hard into emerging markets.
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