Oil falls near $94 on small drop in supplies
The Associated Press |
posted 25 minutes ago
The price of oil fell near $94 a barrel Wednesday as the nation's oil supply fell less than expected and demand for gasoline remained weak.
Fiat Industrial aims to shift tax home to Britain
Colleen Barry, Associated Press |
posted 29 minutes ago
Fiat Industrial disputed as "absolutely false" reports Wednesday that Italy would lose 500 million euros ($646 million) in tax revenues if it moves its tax base to Britain after it completes a merger with its U.S.-based subsidiary CNH Global NV.
Median CEO pay rises to $9.7 million in 2012
Christina Rexrode, Associated Press |
posted 33 minutes ago
CEO pay has been going in one direction for the past three years: up.
Fed weighed slowing its pace of bond purchases
Martin Crutsinger, Associated Press |
posted 39 minutes ago
Several Federal Reserve policymakers this month favored slowing the Fed's efforts to maintain record-low long-term interest rates as early as June _ if the economy showed strong and sustained growth. But those officials appeared at odds over what evidence would demonstrate such gains.
Glaxo, US partnering to develop new antibiotics
Hzl-laj, Associated Press |
posted May 22nd - 12:28pm
GlaxoSmithKline PLC says it's starting an unusual collaboration with the U.S. government to develop several antibiotics for both bioterrorism threats and bacterial infections resistant to current medicines.
AP PHOTOS: The 10 highest-paid CEOs of 2012
The Associated Press |
posted May 22nd - 12:27pm
It pays to be in TV.
Bernanke signals Fed to maintain stimulus efforts
Martin Crutsinger, Associated Press |
posted May 22nd - 12:27pm
Chairman Ben Bernanke told Congress Wednesday that the U.S. job market remains weak and that it is too soon for the Federal Reserve to slow its extraordinary stimulus programs.
Wal-Mart hires Hill & Knowlton executive
Anne D'innocenzio, Associated Press |
posted May 22nd - 12:19pm
Wal-Mart Stores Inc. is naming Dan Bartlett, who had been president and CEO of the U.S. arm of global public relations firm Hill & Knowlton, as its new executive vice president of corporate affairs.
Pfizer plans offering to pare Zoetis stake
Linda A. Johnson, Associated Press |
posted May 22nd - 12:03pm
Drugmaker Pfizer Inc. plans to try to sell its controlling stake in its former animal health business, Zoetis Inc., through a voluntary stock exchange with Pfizer shareholders.
Target's 1Q profit drops 29 pct on weak sales
Anne D'innocenzio, Associated Press |
posted May 22nd - 11:18am
Target Corp. reported a 29 percent drop in first-quarter profit as unusually cool spring weather and financial pressures chilled customers' appetite for spending.
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