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Reynolds American 4Q profit jumps, but misses forecasts

The Associated Press  |  Posted  Feb 11th - 7:11am

Cigarette maker Reynolds American's fourth-quarter profit shot up 89 percent compared to the final quarter of 2014, when earnings fell due to some one-time costs.

2 Uber execs facing jail in France amid tensions with taxis

The Associated Press  |  Posted  Feb 11th - 7:10am

Two of Uber's top European executives are appearing in criminal court in France on charges of running an illegal taxi operation, and they could face jail time.

Applications for US jobless aid fell sharply last week

Josh Boak, Associated Press  |  Posted  Feb 11th - 6:51am

Fewer Americans applied for unemployment benefits last week in a sign of a stable job market despite the slowing global economy hitting stocks and commodities.

N. Korea orders military takeover of inter-Korean factories

Ahn Young-Joon, Associated Press  |  Posted  Feb 11th - 6:30am

North Korea on Thursday ordered a military takeover of a factory park that had been the last major symbol of cooperation with South Korea, calling Seoul's earlier suspension of operations at the jointly run facility as punishment for the North's recent rocket launch a "dangerous declaration of war."

The Latest: Markets in turmoil as US heads for big losses

The Associated Press  |  Posted  Feb 11th - 6:11am

The latest on the turmoil afflicting global financial markets (all times local):

PepsiCo's revenue in North America climbs, helped by pricing

The Associated Press  |  Posted  Feb 11th - 6:10am

PepsiCo said revenue for its North American snacks and drinks units rose in the fourth quarter, boosted by pricing.

Witness: Spouse of Spain princess wanted sports deal 'toll'

The Associated Press  |  Posted  Feb 11th - 5:30am

A witness at the trial of Spain's Princess Cristina and 16 others has testified that the princess' husband wanted a commission of 300,000 euros ($339,000) as a "toll" to help the regional Balearic Islands government land a cycling sponsorship deal.

Head of Google in Europe grilled by UK tax authorities

The Associated Press  |  Posted  Feb 11th - 5:20am

A British parliamentary committee has grilled the head of Google in Europe, sharply questioning whether the Internet giant had paid its fair share of taxes.

Sweden cuts key interest rate further below zero

The Associated Press  |  Posted  Feb 11th - 5:20am

Sweden's central bank, worried about a long period of low inflation, decided Thursday to cut its key interest further below zero to a record minus 0.50 percent — and didn't rule out further action.

Oil price drop pushes Total profit down 26 percent

The Associated Press  |  Posted  Feb 11th - 4:50am

Total says its fourth quarter earnings skidded 26 percent as the collapse in oil prices hit another global energy giant.

Russia's ruble tumbles amid market turmoil

The Associated Press  |  Posted  Feb 11th - 7:10am

Russia's ruble has dropped nearly 2 percent amid the turmoil affecting global stock markets and oil prices.

Ex-executive due for sentencing in West Virginia spill

The Associated Press  |  Posted  Feb 11th - 7:00am

A former Freedom Industries executive is due in federal court for sentencing on a pollution charge in a chemical spill that fouled the drinking water supply of 300,000 West Virginians.

Slaughterhouse owner gets prison time for uninspected meat

The Associated Press  |  Posted  Feb 11th - 6:40am

The co-owner of a Northern California slaughterhouse at the center of a nationwide food recall two years ago has been sentenced to federal prison.

Weekly applications for US unemployment benefits fall to 269,000, a positive sign for hiring

The Associated Press  |  Posted  Feb 11th - 6:40am

Weekly applications for US unemployment benefits fall to 269,000, a positive sign for hiring.

Indian capital to curb cars again to control air pollution

The Associated Press  |  Posted  Feb 11th - 6:10am

The New Delhi government will restrict cars on the streets for another two weeks to fight the extreme air pollution that has made the Indian capital the world's most polluted city.

Massachusetts strengthens oversight of nursing homes

The Associated Press  |  Posted  Feb 11th - 5:40am

Massachusetts health regulators are strengthening oversight of nursing homes by creating a unit to conduct unannounced inspections and promising to fine problem-plagued facilities.

Bristol, Kingsport reclaim liquor-by-the-drink tax revenues

The Associated Press  |  Posted  Feb 11th - 4:50am

A chancellor has dismissed a lawsuit in which Sullivan County and the Sullivan County Board of Education sought about $2 million in liquor-by-the-drink tax revenues from Bristol and Kingsport.

South African president faces protests at parliament

The Associated Press  |  Posted  Feb 11th - 4:30am

South African police are securing roads around parliament ahead of expected protests against President Jacob Zuma, who will give a state-of-the-nation address amid harsh criticism of his conduct.

Societe Generale shares slump on profit warning

The Associated Press  |  Posted  Feb 11th - 3:00am

Shares in Societe Generale slumped Thursday after the French bank warned it would not achieve a targeted increase in profitability this year.

Hospital revaccinating patients after refrigeration issue

The Associated Press  |  Posted  Feb 11th - 2:30am

A New Hampshire hospital is working to revaccinate hundreds of children after discovering that its vaccines were stored at inconsistent temperatures.