Pension costs dent retailer Ahold's Q4 profits
02/28/2013 1:21am
Royal Ahold NV, the Dutch operator of U.S. supermarket chains Stop & Shop and Giant, has reported a 41 percent fall in fourth quarter profits as a result of pension and restructuring charges.
Europe dents profits at utility GDF Suez
02/28/2013 1:31am
Growth in developing markets helped Franco-Belgian utility GDF Suez eke out revenue growth last year, but concerns over the economic outlook in Europe prompted the company to take a (EURO)2 billion ($2.6 billion) charge on its assets.
Lawsuit charges weigh on Bayer profits again
02/28/2013 2:07am
Charges for lawsuits over its birth control pills weighed on Bayer AG's earnings once again during the fourth quarter of 2012.
Performance of US companies in China worsens
02/28/2013 2:44am
U.S. companies in China say revenue and profits fell last year as the economy slowed and they faced more difficult government regulation, a business group reported Thursday.
Bankia posts biggest loss in Spanish history
02/28/2013 2:59am
Bailed-out Bankia on Thursday posted a full-year net loss of (EURO)19.2 billion ($25.2 billion), the biggest ever suffered by a Spanish company, after the lender cleaned up its balance sheets of bad property loans and other risky investments.
Deutsche Telekom Q4 net profit hits $1 billion
02/28/2013 3:43am
Deutsche Telekom saw net profit recover to (EURO)793 million ($1.04 billion) in the fourth quarter as the telecoms group declared it was "on the offensive" with new investments in higher-speed networks.
Medicare paid $5.1B for poor nursing home care
02/28/2013 6:03am
Medicare paid billions in taxpayer dollars to nursing homes nationwide that were not meeting basic requirements to look after their residents, government investigators have found.
Senate Democrats, GOP to stage votes on rival cuts
02/28/2013 6:11am
Across-the-board spending cuts all but certain, Republicans and Democrats in the Senate are staging a politically charged showdown designed to avoid public blame for any resulting inconvenience or disruption in government services.
Caterpillar to cut 1,400 jobs at plant in Belgium
02/28/2013 6:37am
Construction equipment maker Caterpillar says it will cut more than one in three jobs at its Belgian plant because of high labor costs and sluggish growth in its European market.
News Summary: Poker rooms fold in Vegas casinos
02/28/2013 9:34am
KNOW WHEN TO HOLD `EM: Poker has never been as big a moneymaker as slot machines. But when the game's popularity soared in the 2000s, casinos rushed to get players inside their buildings.
Ex-CEO Greenberg: Don't blame me for AIG failure
02/28/2013 9:55am
Four and a half years after insurance giant AIG collapsed, leading to the biggest bailout of the financial crisis, former CEO Hank Greenberg has one message: Don't blame me.
CDC: Electronic cigarettes gaining awareness, use
02/28/2013 10:17am
Increased awareness and use of electronic cigarettes in the U.S. outlined in a study released Thursday highlights the need for government regulation and evaluation, the head of the Centers for Disease Control and Prevention's office on smoking and health said.
Syria protests Israel's approval for oil drilling
02/28/2013 10:34am
Syria is protesting a recent decision by Israel to go ahead with a gas exploration project in the Golan Heights, a strategic plateau it captured from Syria in the 1967 war.
French nuclear giant Areva loses $130M in 2012
02/28/2013 10:43am
France's state-controlled nuclear engineering giant Areva said Thursday that it lost (EURO)99 million ($130 million) last year but that it is making strides in turning around a business struggling to move past the Japan's nuclear disaster and a trouble mining venture.
IAG loses $1.2 billion amid Iberia problems
02/28/2013 10:50am
International Airlines Group, which owns British Airways and Iberia, lost (EURO)923 million ($1.2 billion) last year on restructuring costs and writedowns on the value of its Spanish unit.
Egypt invites IMF to resume loan talks
02/28/2013 12:21pm
Egypt's government said Thursday that it invited an International Monetary Fund delegation to the country in March to resume talks on a $4.8 billion dollar loan desperately needed to boost the ailing economy, the official news agency said.
US Airways flight attendants approve contract
02/28/2013 12:33pm
Flight attendants at US Airways approved a new contract on Thursday that wraps up some unfinished business from the airline's 2005 merger with America West, and gets them started on the next merger, with American.
News Summary: Jury adds $7.8M in punitive damages
02/28/2013 1:12pm
MORE DAMAGES: A New Jersey jury orders Johnson & Johnson to pay a former nurse $7.8 million in punitive damages, on top of $3.35 million in compensatory damages awarded Monday. She claims its Prolift vaginal mesh implant caused years of terrible pain despite 18 unsuccessful repair surgeries.
Jacob Lew becomes nation's 76th Treasury secretary
02/28/2013 1:16pm
Jacob Lew was sworn in Thursday as the nation's 76th Treasury secretary, one day before across-the-board government spending cuts kick in that could hold back the U.S. economy.
Chrysler to add jobs, invest $374M in Kokomo area
02/28/2013 2:14pm
Chrysler is investing millions in the Kokomo, Indiana, area as it shifts most of its vehicles to new transmissions that save fuel and better suit the driving habits of Americans.
More Americans struggle to repay student loans
02/28/2013 2:38pm
More Americans are falling behind on student loans, threatening their ability to obtain mortgages and other credit in the future.
Jury adds $7.8 million in J&J punitive damages
02/28/2013 2:48pm
A New Jersey jury on Thursday ordered Johnson & Johnson to pay punitive damages of $7.76 million to a former nurse who blames its vaginal mesh implant for years of "living hell" despite unsuccessful repair surgeries.
Hostess picks Grupo Bimbo to buy Beefsteak bread
02/28/2013 3:02pm
Hostess is choosing Mexico's Grupo Bimbo as the buyer for its Beefsteak bread brand.
Herbalife to add 2 Icahn reps to its board
02/28/2013 3:05pm
Dietary supplements company Herbalife will add two new members to its board of directors at the request of billionaire investor Carl Icahn, who has backed the company in a public spat with hedge fund manager Bill Ackman.
China says US-based hackers target its websites
02/28/2013 3:17pm
China's military said Thursday that overseas computer hackers targeted two of its websites an average of 144,000 times per month last year, with almost two-thirds of the attacks originating in the United States.
Sears 4Q loss narrows as co. reduces expenses
02/28/2013 3:18pm
Sears posted a smaller loss in the fourth quarter from a year ago as it reduced its inventory and expenses while sales at its namesake stores rose slightly.
AOL taps Lyne to serve as CEO of its Brand Group
02/28/2013 3:24pm
AOL Inc. has hired one of its board members, former Martha Stewart Living CEO Susan Lyne, to run the AOL portfolio of brands. Its chief operating officer, Arthur Minson, is leaving after a transition period.
Subway to roll out 6-inch subs for $3
02/28/2013 4:23pm
If Subway's $5 Footlong is too expensive, the chain is now offering 6-inch subs for $3.
Startup hopes investors will latch onto trends
02/28/2013 4:48pm
Think you can tell the difference between a fad and a trend with staying power? Look around, and you might come up with some decent investing ideas.
Gap's 4th-quarter net income rises 61 percent
02/28/2013 4:58pm
Gap Inc. reported a 61 percent increase in fourth-quarter profits on Thursday, capping a strong year that saw the company's turnaround take hold.
Penney's shares plunge after 4Q massive loss
02/28/2013 6:07pm
J.C. Penney was the biggest loser Thursday.
Speedometer top speed often exceeds reality
02/28/2013 7:58pm
The speedometer on the Toyota Yaris says the tiny car can go 140 miles per hour.
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