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Archive: (13 Stories)

CFO of Dutch telecom firm KPN resigns abruptly

09/09/2013 1:33am
Royal KPN NV says that its CFO has resigned unexpectedly and with immediate effect, citing personal circumstances.

Mexico proposes sweeping social program changes

09/09/2013 4:42am
President Enrique Pena Nieto proposed sweeping changes to Mexico's social programs Sunday, laying out a plan for the country's first nationwide pensions and unemployment insurance to be financed in part by cutting tax loopholes for big business.

PlayStation 4 won't sell in Japan until February

09/09/2013 4:57am
Sony's next-generation video game machine PlayStation 4 won't go on sale in Japan until next year, meaning that it won't be on time for the key year-end holiday or New Year's shopping season.

China's August inflation eases as economy recovers

09/09/2013 5:58am
China's August inflation edged down as an economic recovery gathered strength, easing pressure on communist leaders who want to focus on longer-term reforms.

Koch Industries buying Molex for $7.2B

09/09/2013 9:48am
Koch Industries Inc. is buying electronic components and cables maker Molex for $7.2 billion.

Wells Fargo's CFO sees drop in mortgage business

09/09/2013 10:28am
Wells Fargo, the nation's second-largest bank by deposits, saw a slowdown in its mortgage business last quarter and may have to cut jobs if demand continues to weaken.

US gov't floats rules for high-speed trading

09/09/2013 12:18pm
Federal regulators took a step toward stricter oversight of the high-speed trading market, putting forward a broad range of possible rules for public comment.

Early returns: right bloc win Norway election

09/09/2013 1:17pm
A partial count indicates a center-right coalition led by the Conservative Party will take power in Norway for the first time since 2005.

Algeria: Energy minister lauds new gas finds

09/09/2013 2:15pm
Algeria's energy minister says an increase in the country's substantial gas reserves, thanks to recent discoveries, without giving exact numbers.

Bernanke to hold town hall meeting with teachers

09/09/2013 3:43pm
Federal Reserve Chairman Ben Bernanke will be celebrating the central bank's 100th birthday with a town hall meeting with teachers.

Owners of Neiman Marcus sell chain for $6 billion

09/09/2013 3:54pm
Luxury merchant Neiman Marcus is getting a new owner.

Furniture Brands files for Chapter 11 bankruptcy

09/09/2013 4:18pm
The maker of furniture brands such as Thomasville, Broyhill, Lane and Drexel Heritage said Monday that it has filed for Chapter 11 bankruptcy protection.

FDIC selling $2.4B in Citigroup bonds from crisis

09/09/2013 5:17pm
The U.S. government is selling $2.4 billion in bonds issued by Citigroup Inc. during the financial crisis in exchange for federal guarantees against the bank's possible losses.