Japan's ORIX takes over asset manager Robeco
02/19/2013 1:05am
Dutch bank Rabobank says Japan's ORIX Corporation is taking over its asset management arm Robeco Groep NV for (EURO)1.9 billion ($2.54 billion).
China calls US hacking allegations 'groundless'
02/19/2013 1:55am
China has dismissed as `'groundless" detailed allegations pointing to a Chinese military unit in Shanghai as the source of massive computer hacking of U.S. targets.
Bulgaria to revoke Czech power company license
02/19/2013 5:26am
Bulgaria announced Tuesday that the license held by a Czech company for power distribution in parts of the Balkan country will be revoked following allegations it systemically broke procurement rules.
Grey Poupon to air 'Pardon Me' ads after 16 years
02/19/2013 7:06am
Grey Poupon's famous "Pardon Me" TV commercial is returning for a moment of Oscar glory.
Younger vets still struggle as jobs scene improves
02/19/2013 7:09am
Two months after completing his five-plus years as an Army medic, Dan Huber is still looking for a job. And while he's had some promising interviews, he has no assurances the search will end soon.
China rejects status as world's biggest trader
02/19/2013 9:03am
China has a new status its government doesn't want _ world's biggest trader.
Qatar opens investment arm to shareholders
02/19/2013 10:10am
A senior official with Qatar's sovereign wealth fund says it will create a new investment company open to shareholders in the energy-rich Gulf nation.
Ireland sells Irish Life to Canada's Lifeco
02/19/2013 10:48am
Ireland agreed Tuesday to sell the country's largest insurance company, Irish Life, to Great-West Lifeco of Canada for (EURO)1.3 billion ($1.75 billion) in a move to reduce its deficit and longer-term debts.
Why rising housing prices are a good thing
02/19/2013 11:51am
As consumers, we are taught to seek out bargains, discounts and good deals. Paying less is better, right? So why are we celebrating rising housing prices and continuing to hear it is a good time to buy?
Deutsche Boerse Q4 profits up 6.3 percent
02/19/2013 12:28pm
Deutsche Boerse AG says its fourth-quarter net profit rose 6.3 percent to (EURO)152.7 million ($203.84 million), but that its full-year earnings fell almost 25 percent.
Novartis chairman foregoes $78 million payout
02/19/2013 12:43pm
Swiss drugmaker Novartis AG has agreed with its outgoing chairman to scrap plans for a farewell non-compete deal that could have netted him up to 72 million francs ($78 million).
Rates rise at weekly Treasury bill auction
02/19/2013 12:46pm
Interest rates on short-term Treasury bills rose in Tuesday's auction with rates on three-month bills rising to the highest level since October.
Trial ordered in bankruptcy of former Alitalia
02/19/2013 1:16pm
A judge in Rome has ordered trial for seven former officials in the bankruptcy of Alitalia several years ago when it was still a state-run airline.
Beechcraft emerges from bankruptcy protection
02/19/2013 2:10pm
Kansas plane maker Beechcraft, formerly Hawker Beechcraft, emerged Tuesday from bankruptcy protection freed from much of its debt and its unprofitable business jet operations.
Lufthansa has ?990M year profit, cancels dividend
02/19/2013 2:39pm
German airline Lufthansa says it made (EURO)990 million ($1.3 billion) net profit last year but canceled its dividend payment to shareholders and said it would close sites and merge office functions as it presses ahead with restructuring its business.
Payments processor TSYS buying NetSpend for $1.4B
02/19/2013 3:48pm
Total System Services Inc. is buying debit card provider NetSpend for about $1.4 billion in cash to expand into the fast-growing prepaid card business.
Hackers take Jeep's Twitter account for a ride
02/19/2013 3:55pm
Someone hacked their way into Jeep's Twitter account on Tuesday, posting fake tweets about the brand being sold to Cadillac and that it was suspending factory production.
Insurer stocks slip over possible Medicare cuts
02/19/2013 4:04pm
Health insurance stocks wobbled Tuesday after data released by the federal government pointed to possible steep Medicare Advantage payment cuts in 2014, which could lead to reduced coverage or fewer options for people buying the plans.
Profit up at Herbalife, subject of Street squabble
02/19/2013 5:05pm
Herbalife, the company caught in the middle of a hedge fund dogfight, says it's doing just fine, thanks.
AP Source: Ford to make small engine at Ohio plant
02/19/2013 6:05pm
Ford is moving production of a popular small engine from Spain to Cleveland as sales of four-cylinder motors rise.
Baubles to bars: India gold culture defies curbs
02/19/2013 6:21pm
India's steep new tax on gold imports doesn't deter Mousumi Rao as she holds up a glittering $5,000 filigree necklace that could adorn her daughter on her wedding day. Rao's daughter isn't getting married next month or even next year. The 12-year-old is at least several years away from her wedding.
News Summary: Average credit card debt falls in 4Q
02/19/2013 10:03pm
HOLIDAY HANGOVER: Credit reporting agency TransUnion says ramped-up holiday season spending likely kept many Americans from making timely payments on their credit cards in the last three months of 2012.
China's Defense Ministry attacks hacking report
02/19/2013 11:26pm
China's military says a study accusing it of sponsoring massive hacking attacks on U.S. targets is deeply flawed.
Boeing engineers OK pact, tech workers say no
02/19/2013 11:44pm
It's a split decision from the union representing Boeing Co.'s engineers and technical workers.
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