PetroChina 2012 profit drops 13.3 percent
03/21/2013 4:05am
State-owned energy company PetroChina Ltd. said Thursday its 2012 profit tumbled 13.3 percent due to price controls and higher costs for imported gas.
Chinese company looking for missing tycoon
03/21/2013 4:55am
A Chinese tycoon with ties to mining companies in the United States, Australia and Africa is missing and a newspaper says he has been detained by police.
H&M profits fall amid tough economy, bad weather
03/21/2013 6:17am
Swedish fashion retailer Hennes & Mauritz AB reported Thursday a 10 percent fall in its first-quarter net profit, to 2.46 billion kronar ($380 million), mainly due to unfavorable weather conditions and a tough economic climate.
AstraZeneca to cut 2,300 jobs in business overhaul
03/21/2013 6:54am
Struggling drug company AstraZeneca outlined a major restructuring of its business on Thursday, including some 2,300 job cuts worldwide as it overhauls its research operations.
HP hikes quarterly shareholder payout 10 pct
03/21/2013 8:30am
Personal computer maker Hewlett-Packard Co. says its will raise the quarterly dividend it pays shareholders by about a penny to 14.5 cents per share.
US natural gas supplies fell last week
03/21/2013 8:49am
The nation's natural gas supplies shrank last week, the government said Thursday.
Aviv REIT climbs in 1st day as publicly traded co.
03/21/2013 8:56am
Aviv REIT's stock rose more than 14 percent in its first day as a publicly traded company.
Enanta Pharma climbs in 1st day of Nasdaq trading
03/21/2013 8:57am
Shares of Enanta Pharmaceuticals Inc. are rising in their trading debut on the Nasdaq exchange.
US mining, energy sectors face workforce shortage
03/21/2013 9:02am
The United States isn't producing enough qualified workers to meet the future needs of the mining and energy sectors, from coal digging and gas drilling to solar and wind power, a new report says.
EU lawmakers also seek bonus cap for fund managers
03/21/2013 10:33am
European Parliament lawmakers are seeking to introduce a limit on the bonuses that investment fund managers can receive.
Drivers face high gas prices despite US oil boom
03/21/2013 10:56am
The U.S. is increasing its oil production faster than ever and U.S. drivers are guzzling less gas. But you'd never know it from the price at the pump.
News Summary: US home sales rise in February
03/21/2013 12:14pm
SALES UP: U.S. sales of previously owned homes rose 0.8 percent in February from January to a seasonally adjusted annual rate of 4.98 million. That was the fastest sales pace since November 2009.
Opel employees reject redevelopment plan
03/21/2013 12:48pm
Employees at General Motor Co.'s Opel troubled German plant in Bochum have rejected a redevelopment plan, which means production there could end by late 2014.
Charter refuses ads for TV antenna maker
03/21/2013 12:57pm
A TV antenna maker wanted to use the competition's own medium _ cable TV _ for its anti-cable message. Now, officials at Antennas Direct say Charter Communications' refusal to air the ads is evidence of the cable industry's growing concern over antennas.
UK Supreme Court sits in secret for 1st time
03/21/2013 2:11pm
Britain's highest court for the first time convened behind closed doors _ in a case involving an Iranian bank _ just one week after the Supreme Court decided it had the power to sit in secret.
Sears sets Edward Lampert's salary as CEO at $1
03/21/2013 2:22pm
Sears Holding Corp. has signed a contract with Edward Lampert to keep him on as CEO of the company at a salary of $1 per year.
Beechcraft sues over lost US Air Force contract
03/21/2013 2:42pm
Aircraft manufacturer Beechcraft announced Thursday that it has filed a lawsuit to contest the U.S. Air Force's decision to award a contract for a light air support plane to Sierra Nevada Corp.
Nike 3rd quarter net income jumps
03/21/2013 3:34pm
Nike Inc. said Thursday its third-quarter net income rose 55 percent as the athletic gear maker's resurgence in North America and easing material costs helped offset continued weakness in China.
Acura recalling TSX sedans for corrosion
03/21/2013 3:37pm
Honda Motor Co.'s luxury Acura brand is recalling 76,000 TSX sedans in 22 cold-weather states because corrosion could cause them to stall.
Chinese, super fans boost global movie revenue
03/21/2013 3:40pm
Global movie ticket sales rose 6 percent in 2012 to a record $34.7 billion thanks to the growing popularity of movies in Asia and higher attendance by hardcore fans in the U.S. and Canada.
News Summary: Nike 3rd-quarter net income rises
03/21/2013 3:44pm
THE NEWS: Nike Inc. said its third-quarter net income rose 55 percent as strong results in North America helped offset weakness elsewhere. Revenue rose 9 percent to $6.19 billion, helped by strength in its Nike brand.
Ky. court disbars class-action specialist Chesley
03/21/2013 3:55pm
An Ohio attorney known as the godfather of the modern class-action lawsuit was disbarred Thursday by the Kentucky Supreme Court, which said Stanley Chesley acted unethically in a $200 million settlement involving the makers of the diet drug fen-phen.
6 tips on handling taxes for household employees
03/21/2013 4:08pm
Taxes. They're just about the last thing parents might think about when they hire someone to watch over their child.
African stocks offer untapped opportunities
03/21/2013 4:24pm
If there's a last frontier for U.S. investors, it's Africa. The world's second-most populous continent is an afterthought for anyone looking to construct a diversified portfolio of foreign stocks.
FDA: Georgia pharmacy recalling all sterile drugs
03/21/2013 4:49pm
The Food and Drug Administration notified doctors Thursday that a Georgia compounding pharmacy responsible for a drug linked to eye infections has recalled all of its injectable medicines following a federal inspection.
Coca-Cola to cut 750 jobs in US
03/21/2013 5:03pm
Coca-Cola says it's cutting 750 jobs in the U.S. as it continues to streamline its business.
Sierra Club blasts plan to improve fracking
03/21/2013 6:06pm
The Sierra Club is harshly criticizing a new partnership that aims to create tough new standards for hydraulic fracturing.
No 'kosher for Passover' Coke in California again
03/21/2013 6:26pm
Coca-Cola may be missing from Passover feasts for the second year in a row in California.
Lululemon's yoga pants miscue to hurt 2013 results
03/21/2013 6:30pm
Fans of Lululemon's popular black yoga pants will have to sit tight.
Pepsi rolls out a new shape for bottle
03/21/2013 7:14pm
Pepsi is rolling out a new shape for its 20-ounce bottle for the first time in about 17 years.
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