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Archive: News / Biz / Business & Finance (26 Stories)

Ahead of the Bell: Yahoo to update turnaround bid

01/28/2013 4:13am
Yahoo's fourth-quarter earnings report will provide an update of new CEO Marissa Mayer's efforts to revive the Internet company's revenue growth.

Finnair chief resigns to head Cargotec

01/28/2013 4:46am
Finnair CEO Mika Vehvilainen has announced he will step down on Feb. 28 to head the international cargo handling company Cargotec.

Norwegian cruise operator to cut fourth of staff

01/28/2013 5:08am
Norway's Hurtigruten cruise line says it will streamline operations and slash staff by 25-30 percent in an effort to increase profitability.

Japan relaxes US beef import limits from Feb. 1

01/28/2013 6:43am
Japan is relaxing restrictions on U.S. beef imports that had been in place due to fears of mad-cow disease.

2 guards killed in attack on Algerian gas pipeline

01/28/2013 7:20am
Gunmen attacked a gas pipeline in northern Algeria and killed two village guards before being driven off, a local security official said Monday.

Antigua gets OK to become copyright haven

01/28/2013 7:21am
The Americans call it piracy. The Antiguans call it justice.

French autoworkers disrupt Peugeot Citroen plant

01/28/2013 7:24am
A few hundred French striking autoworkers are disrupting production at a key Peugeot Citroen plant north of Paris, protesting layoffs linked to its pending closure.

Britain unveils high-speed railway plans

01/28/2013 7:57am
The British government on Monday unveiled details of new high-speed rail lines linking London to cities in northern England with trains traveling up to 225 miles an hour (360 kph).

Iceland wins case over failed bank deposits

01/28/2013 8:35am
A European court on Monday cleared Iceland of wrongdoing over its refusal to repay depositors' money lost in the country's 2008 banking collapse.

Ford, Daimler, Nissan to research hydrogen cars

01/28/2013 8:39am
Ford is joining with Daimler and Renault-Nissan to speed development of cars that run on hydrogen, with hopes of bringing a vehicle to market in as little as four years.

The dead aren't always excused from trial

01/28/2013 9:56am
Sergei Magnitsky died more than three years ago in a Russian jail but authorities are moving to put him on trial in a Russian court. The whistle-blowing lawyer died in 2009 after being arrested on charges of tax fraud _ the same fraud in which he alleged that Interior Ministry officials had a hand.

News Summary: Barge hits Miss. River bridge

01/28/2013 10:09am
BARGING IN: Cleanup crews skimmed oily water from the Mississippi River a day after a barge with more than 80,000 gallons of oil struck a railroad bridge near Vicksburg, Miss., spreading a sheen of light crude that kept part of the waterway shut to ship traffic Monday.

Taco Bell pulls ad that mocked veggies

01/28/2013 11:44am
Taco Bell is pulling a TV ad after receiving complaints that it discouraged people from eating vegetables.

BAE laying off 300 workers, most in NH

01/28/2013 12:14pm
Defense contractor BAE Systems PLC is laying off 300 employees, two-thirds of them at its plant in southern New Hampshire.

Economists growing more upbeat about year ahead

01/28/2013 12:36pm
Economists are increasingly, but still cautiously, optimistic about growth in the year ahead with hiring expected to pick up in coming months.

Officials: Thousands lost cash in Ky.-based scheme

01/28/2013 1:15pm
Tens of thousands of people in the United States and abroad may have lost millions in what federal and state officials are calling a classic pyramid scheme being run by a Kentucky-based company.

Key dates in the sale of Hostess brands

01/28/2013 3:19pm
Hostess said Monday that it picked McKee Foods, the maker of Little Debbie cakes, as the lead bidder for its Drake's cakes. The fate of Twinkies and other Hostess snack cakes is still being negotiated. Here's a look at key dates in the sale of Hostess brands.

US economy gets lift from housing, other tailwinds

01/28/2013 3:30pm
The U.S. economy is a study in contrasts.

News Summary: Senate deal on immigration reform

01/28/2013 3:32pm
BIG DEAL: A bipartisan group of eight leading senators pledge to get a wide-ranging immigration bill through the Senate by summer.

They're back: J. C. Penney adds sales

01/28/2013 3:58pm
J.C. Penney is bringing back sales.

Barnes & Noble exec plans more store closings

01/28/2013 4:06pm
Barnes & Noble plans to continue to shrink its store base.

Powerwave seeks Chapter 11 bankruptcy protection

01/28/2013 4:15pm
Powerwave Technologies Inc., which makes antennas and other equipment for wireless networks, has filed for Chapter 11 bankruptcy protection amid a steep sales slump.

VMware to cut 900 jobs, offers weak outlook

01/28/2013 4:17pm
VMware Inc. said Monday that it is cutting 900 jobs, or nearly 7 percent of its workforce, and expects revenue to fall short of Wall Street's expectations for the current quarter.

Adele Hall, wife of Hallmark chair, dies at age 81

01/28/2013 4:30pm
Kansas City civic leader Adele C. Hall, the wife of Hallmark Cards Chairman Donald J. Hall, has died. She was 81.

Hess to sell terminal network, close refinery

01/28/2013 4:39pm
Hess Corp. said Monday that it plans to sell its U.S. terminal network and shutter its New Jersey refinery, completing its exit from the refining business and continuing its shift in focus toward exploration and production.

Report: Gov't allowed high pay at bailed-out firms

01/28/2013 4:59pm
A government report Monday criticized the U.S. Treasury Department for approving "excessive" salaries and raises at firms that received taxpayer-funded bailouts during the financial crisis.
 
   
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