Pakistan tries new way of tackling corruption
02/04/2013 12:21am
Corruption is so pervasive in Pakistan that even Osama bin Laden had to pay a bribe to build his hideout in the northwest where he was killed by U.S. commandos.
Israeli cellphone provider says it was not hacked
02/04/2013 1:13am
Major Israeli cellphone provider Pelephone has ruled out a cyberattack as the cause for its service disruption.
Abu Dhabi's Etihad posts triple profits
02/04/2013 1:33am
Fast-growing Etihad Airways tripled net profits last year as it added routes and code-share arrangements in its expanding rivalries with other premium Gulf airlines, the Abu Dhabi-based carrier said Monday.
Anglo American Platinum says it lost $715M in 2012
02/04/2013 4:10am
Anglo American Platinum Ltd., the world's largest producer of the metal, announced Monday it suffered an operating loss of $715 million in 2012 as violent labor unrest in South Africa paralyzed its operations for weeks.
Centrica ends plan to build UK nuclear plants
02/04/2013 4:15am
Centrica PLC, the owner of British Gas, is pulling out of plans to build four new nuclear power reactors in Britain, citing uncertainty over the overall cost of the project.
Qatar's Qtel increases share in Iraq's Asiacell
02/04/2013 4:28am
Qatar Telecom says it has increased its share in the Iraqi phone service provider Asiacell from 53.9 percent to 64.06 percent after a successful public offering for a quarter of the Iraqi company's shares.
Lithuania shivers as Russia ramps up heating costs
02/04/2013 4:39am
To save money during the harsh Baltic winter, Romanas Ziabkinas did something unremarkable: He turned off his central heating and installed a cheaper electric heater. Now he finds himself neck-deep in legal woes.
AP Exclusive: 787 grounded, but batteries can fly
02/04/2013 5:38am
At the same time the government certified Boeing's 787 Dreamliners as safe, federal rules barred the type of batteries used to power the airliner's electrical systems from being carried as cargo on passenger planes because of the fire risk.
FAA mandates safety checks for older Piper planes
02/04/2013 5:52am
The Federal Aviation Administration is requiring inspections on tens of thousands of older model Piper airplanes to check cables that control tail surfaces.
Russia mulls resumption of Georgian wine imports
02/04/2013 5:58am
A Russian official said Monday that Moscow may soon resume imports of Georgian wine, mineral water and fruit after a seven-year ban, the first tentative step toward repairing the ruptured ties between the two ex-Soviet neighbors.
Royal Caribbean hurt by weak European demand
02/04/2013 8:06am
Cruise giant Royal Caribbean lost $392.8 million in the fourth quarter because of losses associated with its Spanish cruise line, Pullmantur.
EU says rescue program for Spain's banks on track
02/04/2013 8:37am
The rescue program for Spain's banks is on track, according to a review by EU authorities, but the country faces significant economic challenges, including high unemployment and a shrinking economy.
McDonald's to put 'Fish McBites' in Happy Meals
02/04/2013 10:05am
McDonald's says it is offering its first new Happy Meal entree in a decade: Fish McBites.
News Summary: Anglo American Platinum lost $715M
02/04/2013 11:29am
STRKING RESULTS: Anglo American Platinum Ltd., the world's largest producer of the metal, had an operating loss of $715 million in 2012 as violent labor unrest in South Africa paralyzed its operations for weeks.
S&P expects US lawsuit over its mortgage ratings
02/04/2013 2:39pm
The U.S. government is expected to file civil charges against Standard & Poor's Ratings Services, alleging that it fraudulently gave high ratings to mortgage debt that later plunged in value and helped fuel the 2008 financial crisis.
Analyst downgrades Merck on concerns over 2 drugs
02/04/2013 2:52pm
Shares of drugmaker Merck & Co. declined Monday after two analysts downgraded their ratings, mainly due to worries that results of patient studies could hurt prospects for a few drugs and drag down future revenue and profit.
New Summary: Wheat falls on rain forecasts
02/04/2013 3:00pm
WHEAT FALLS: Wheat prices fell for a third day, as forecasters predicted rain in the coming days for the Great Plains region. That should help this year's crop.
FDA allows generic version of scarce cancer drug
02/04/2013 4:06pm
Federal regulators say approval of the first generic version of cancer drug Doxil will help resolve a lingering shortage triggered by manufacturing deficiencies.
KFC parent Yum slammed by chicken scare in China
02/04/2013 7:47pm
Yum Brands warned Monday that it expects its profit for the year to decline as the parent company of KFC, Pizza Hut and Taco Bell continues to reel from a controversy over its chicken suppliers in China.
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