Ahold reports sales rise 4.3 percent in US
01/17/2013 1:04am
Royal Ahold NV, the Dutch owner of supermarket chains Stop & Shop and Giant, said U.S. sales rose 4.3 percent to $6.1 billion ((EURO)4.6 billion) in the fourth quarter from the same period the year before, with its performance boosted by its stores remaining mostly open during Hurricane Sandy.
Europe grounds Dreamliner after incidents
01/17/2013 2:43am
Europe's air safety authority has followed the United States in ordering the grounding and safety review of Boeing's 787 Dreamliner following a series of incidents with the aircraft in recent days.
Carrefour sees slim sales growth in 2012
01/17/2013 3:28am
French retailer Carrefour SA eked out some modest sales growth last year, thanks largely to success in Latin America and in convenience stores back home.
UK sets record for car exports in 2012
01/17/2013 3:33am
An auto industry group says British factories set a record for car exports in 2012 with 1.2 million shipped abroad.
Spanish company evacuates workers in Algeria
01/17/2013 3:55am
Spanish energy company Cepsa says it has evacuated an unspecified number of workers from two oil facilities it operates in Algeria following the taking of hostages by Islamist militants at a gas plant in the same region.
Dreamliner woes spotlight Japan battery maker
01/17/2013 4:00am
The troubles with Boeing's 787 Dreamliner are drawing an unwelcome spotlight for the Japanese maker of the powerful lithium-ion batteries that have become the focus of investigations into onboard fire risks.
EU budget fight returns to Feb. 7-8 summit
01/17/2013 4:17am
The European Union's 27 leaders will try again to reach a seven-year budget deal for the bloc at a summit on Feb. 7-8.
Filipino firm eyes partner in S China Sea gas deal
01/17/2013 4:41am
A Filipino businessman says delays in his company's oil and gas exploration at a South China Sea reef claimed by China and the Philippines can be overcome if an international operator joins the project.
Dubai plans Asian home for famed QE2 luxury liner
01/17/2013 5:00am
After more than four years sitting idle in a Dubai port, the storied passenger liner Queen Elizabeth 2 is bound again for the high seas as part of deal to convert the vessel into a luxury hotel in Asia, officials said Thursday.
Rio Tinto CEO departs after $14BN write-down
01/17/2013 5:57am
The chief executive of mining giant Rio Tinto PLC and another senior executive are stepping down immediately after the company announced a $14 billion write-down from its aluminum business and an acquisition of a coal company in Mozambique.
Bundesbank shelves cooperation with Bangladesh
01/17/2013 7:03am
Germany's central bank is shelving plans to help fight currency counterfeiting in Bangladesh because of reports the country is planning to include execution among the possible punishments for violators.
GM to invest $1.5B in N. American factories
01/17/2013 7:17am
General Motors says it will invest $1.5 billion in its North American factories this year.
News Summary: Citigroup 4Q earns miss expectations
01/17/2013 9:29am
UP, BUT WEAK: Citigroup's fourth quarter earnings rose in the fourth quarter, but fell short of Wall Street's expectations. Citi earned $1.16 billion after paying preferred dividends, or 38 cents per share, in the three months ended Dec. 31. That compares with $933 million, or 31 cents per share, in the same period a year earlier.
Warsaw exchange chief fired over girlfriend's film
01/17/2013 10:08am
The president of the Warsaw Stock Exchange was fired Thursday for allegedly soliciting listed companies to finance a film featuring his girlfriend, a 27-year-old former model.
News Summary: Dubai plans Asian home for QE2 liner
01/17/2013 10:10am
SETTING SALE: After more than four years sitting idle in a Dubai port, the storied passenger liner Queen Elizabeth 2 is bound again for the high seas as part of deal to convert the vessel into a luxury hotel in Asia, officials said Thursday.
News Summary: Rio Tinto CEO departs
01/17/2013 10:16am
EXECS EXIT: The CEO of mining giant Rio Tinto PLC and another senior executive are stepping down after the company announced a $14 billion write-down from its aluminum business and an acquisition of a Mozambique coal company.
American Airlines unveils new logo, look
01/17/2013 10:55am
American Airlines is getting a new look.
CVR Refining units up 2 pct in trading debut
01/17/2013 11:20am
CVR Refining LP's units rose about 2 percent in their first hours of trading Thursday.
News Summary: CEO says Sony on track for comeback
01/17/2013 11:44am
COMEBACK KID: The head of Sony Corp. said the struggling electronics and entertainment company is making progress on its comeback and is determined to "wow" people with new products.
Just say neigh: Horsemeat in burgers horrifies UK
01/17/2013 12:42pm
In Britain, a horse is a horse _ not a main course.
Foreign oil workers evacuated from Algeria
01/17/2013 12:44pm
Spanish, Norwegian and British oil companies were evacuating workers from Algerian energy facilities Thursday following the hostage-taking by Islamic militants in the Sahara desert and Algeria's attempt to free them.
News Summary: Gov't food price claim baffles
01/17/2013 12:49pm
SIX PESOS: The Argentine government says feeding a person costs six pesos (about $1.20 U.S.) a day. But in Buenos Aires, that will buy just a can of green peas at the grocery store.
Feds OK rules they say will improve mine safety
01/17/2013 12:52pm
New federal rules approved Thursday could help save lives at dangerous mines with a pattern of safety violations and put more responsibility on companies to find and fix hazards, the U.S. Department of Labor said.
News Summary: BofA bulking up mortgage muscle
01/17/2013 12:52pm
HOMING IN: Bank of America wants to bulk up the number of mortgages it sells directly to customers. It's putting loan officers in branches and targeting its customers.
News Summary: Taxpayers ease banks' cost in deal
01/17/2013 2:54pm
GETTING OFF EASY? Consumer advocates have complained that U.S. mortgage lenders are getting off easy in a deal to settle federal complaints that they wrongfully foreclosed on many homeowners.
Summary Box: Insurers may be choosy with exchanges
01/17/2013 3:04pm
WHAT HAPPENED: UnitedHealth CEO Stephen Hemsley said Thursday analysts shouldn't assume that the nation's largest health insurer will participate widely in the health care overhaul's online insurance exchanges.
Insurers may prove choosy with overhaul exchanges
01/17/2013 3:14pm
The leader of the nation's largest health insurer warned Thursday not to assume widespread participation from his company in a key health care overhaul coverage expansion that unfolds later this year.
Taxpayers will ease banks' costs in mortgage deal
01/17/2013 3:18pm
Consumer advocates have complained that U.S. mortgage lenders are getting off easy in a deal to settle charges that they wrongfully foreclosed on many homeowners.
Is a 60/40 stock-bond mix the right balance?
01/17/2013 3:39pm
Is it time to retire the idea of a 60/40 portfolio? The strategy has been generally regarded as a good starting point for most investors.
Subway 'crisis': Is footlong sub really 11 inches?
01/17/2013 3:51pm
What's in an inch? Apparently, enough missing meat, cheese and tomatoes to cause an uproar.
News Summary: Is a 60/40 stock-bond mix obsolete?
01/17/2013 4:05pm
TIME TO RETIRE 60/40?: Many experts question whether an investment portfolio with 60 percent in stocks and 40 percent in bonds is a good starting point for many investors.
News Summary: Intel posts lower 4Q earnings
01/17/2013 4:31pm
CHIPS ARE DOWN: Intel's sales are shrinking slowly, as consumers shift from PCs, to smartphones and tablets. The company is trying to follow the shift by getting its chips into more hand-held gadgets.
American Express' 4Q earnings down 47 percent
01/17/2013 4:52pm
American Express on Thursday said its fourth-quarter net income fell 47 percent, as the credit card issuer racked up hefty charges related to restructuring costs and other one-time expenses. But adjusted results beat Wall Street expectations.
Former TV exec Liguori named Tribune CEO
01/17/2013 5:27pm
Former television executive Peter Liguori was named chief executive of Tribune Co., the media conglomerate that recently emerged from a four-year bankruptcy with its creditors in charge.
Greek Parliament votes to investigate ex-minister
01/17/2013 6:01pm
Greek lawmakers voted early Friday to investigate former finance minister George Papaconstantinou over his handling of data on Greeks with Swiss bank accounts and whether he amended the list to remove three of his relatives.
Boeing plans to carry on with 787 production
01/17/2013 7:01pm
Boeing plans to keep building its flagship jetliner while engineers try to solve battery problems that have grounded most of the 787 fleet.
Algeria: Army rescues hostages, toll unclear
01/17/2013 7:45pm
Algerian helicopters and special forces stormed a gas plant in the stony plains of the Sahara on Thursday to wipe out Islamist militants and free hostages from at least 10 countries. Bloody chaos ensued, leaving the fate of the fighters and many of the captives uncertain.
Hundreds of cars rolling in for annual Auto Expo
01/17/2013 9:25pm
The Utah International Auto Expo will roll into Sandy for the weekend. It has been one of the most popular indoor winter attractions every year, where the U.S auto industry shows off their new products.
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