Insurance costs push Lloyds Banking into 2012 loss
03/01/2013 3:11am
Lloyds Banking Group PLC succeeded in halving its losses in 2012 even though it raised the amount of money it has put aside to pay for the mis-selling of insurance products.
Germany: toxin found in corn for animal feed
03/01/2013 4:19am
German authorities say they have found excessive levels of aflatoxin B1, a chemical produced by fungus, in a shipment of corn from Serbia destined for livestock feed.
Austerity triggers novel protests in Portugal
03/01/2013 5:02am
A Portuguese revolutionary song from 40 years ago is haunting the bailed-out country's government.
Insurance ordered to pay $124M to burned Thai mall
03/01/2013 5:47am
A Thai court has ordered an insurance company to pay $124 million in compensation to a major shopping mall in Bangkok that was badly burned during 2010 deadly political protests.
Whisky spill at UK plant sends Scotch into sewer
03/01/2013 5:59am
A massive spill at a Chivas plant has sent the smell of spirits flowing through a Scottish sewer and sorrow coursing through the hearts of Scotch whisky fans.
Boeing cuts back on contract workers at SC plant
03/01/2013 7:21am
Boeing is trimming the number of temporary contract workers employed at its South Carolina assembly plant.
Bertelsmann takes full control of BMG rights unit
03/01/2013 8:13am
Media group Bertelsmann AG is taking full control of the BMG music rights management business, buying the stake held by private equity company KKR & Co.
Pound drops amid concerns about UK economy
03/01/2013 8:44am
The pound has hit a two-and-a-half-year low against the dollar on fears that weak manufacturing data would push Britain's central bank to inject further stimulus into the country's economy.
Boeing cuts back on contract workers at SC plant
03/01/2013 9:08am
Boeing is trimming the number of temporary contract workers employed at its South Carolina assembly plant.
Heineken heir to take board job
03/01/2013 9:45am
A grandson of Freddy Heineken, the man who built the Dutch brewer into an international beer giant, will be the first of a new generation of Heineken heirs to take a place on the board of the brewer's holding company.
News Summary: Best Buy 4th-quarter loss narrows
03/01/2013 9:49am
THE NEWS: Best Buy Co. said Friday that its fourth-quarter loss narrowed as better sales in the U.S. helped offset weakness abroad. The electronics chain also says a deadline passed without a bid from its co-founder, Richard Schulze.
Jailed UBS trader seeks to appeal conviction
03/01/2013 10:05am
Britain's Court of Appeal says a former UBS trader found guilty of a fraud that lost the Swiss bank $2.2 billion is seeking to appeal his conviction.
Libya: Errors caused 2010 plane crash killing 103
03/01/2013 10:15am
Human error is to blame for a passenger plane crash in Libya in 2010 that killed 103 people, civilian aviation officials said Friday.
Coca-Cola paid CEO $21.6 million for 2012
03/01/2013 10:27am
Coca-Cola Co. gave Chairman and CEO Muhtar Kent a pay package worth $21.6 million last year, as the world's biggest beverage maker navigated shifting drinking habits in the U.S. and sold more of its drinks overseas.
Growing push to halt workplace bullying
03/01/2013 10:51am
Margaret Fiester is no shrinking violet, but she says working for her former boss was a nightmare.
Chesapeake Energy reveals SEC probe into CEO perks
03/01/2013 10:57am
Chesapeake Energy Corp. and outgoing CEO Aubrey McClendon are being investigated by the Securities and Exchange Commission about a perk that allows McClendon to invest personally in the company's oil and gas wells.
AIG severs final bailout link with Treasury
03/01/2013 11:03am
The Treasury Department has sold its remaining warrants in American International Group Inc., severing its final financial link to the insurance company that got the government's biggest bailout of the 2008 financial crisis.
McDonald's menu dropping a salad, chicken fingers
03/01/2013 1:32pm
McDonald's is getting rid of its Chicken Selects and Fruit & Walnut Salad and considering cutting Angus burgers as it tries to freshen up its menu with more limited-time items.
News Summary: McDonald's getting rid of menu items
03/01/2013 2:01pm
TRIMMING THE OPTIONS: McDonald's Corp. is taking Chicken Selects and the Fruit & Walnut Salad off its menu and considering cutting Angus burgers as well.
Antitrust lawsuit against railroads dismissed
03/01/2013 2:24pm
A federal judge has dismissed a lawsuit that accused Union Pacific and BNSF Railways of price fixing.
News Summary: Copper drops on China outlook
03/01/2013 3:12pm
COPPER LOW: Copper fell to its lowest in more than three months. Concerns about slowing manufacturing growth in China weighed on the price of the metal. A report confirming the ongoing stagnation in European manufacturing also helped push copper lower.
Buffett calls year with 45 pct. profit jump subpar
03/01/2013 6:01pm
Most companies would undoubtedly be thrilled with the results Warren Buffett called "subpar" at Berkshire Hathaway because his company's value trailed the overall market.
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