Japan's TEPCO gears up for US shale gas imports
02/07/2013 12:38am
Tokyo Electric Power Co., operator of the devastated Fukushima Dai-Ichi nuclear power plant, plans to buy liquefied natural gas from the LNG terminal in Cameron Parish, Louisiana, raising expectations Japan will tap into the U.S. shale gas boom.
Statoil profits halved in Q4 on lower oil prices
02/07/2013 2:29am
Norwegian oil company Statoil ASA says its fourth-quarter profits plunged 50 percent as revenue dropped because of lower oil and gas prices.
Sony trims quarterly loss to $115 million
02/07/2013 4:26am
Sony Corp. is still struggling but managed to reduce its red ink for the latest quarter as the Japanese electronics and entertainment company aims for a comeback from record yearly losses.
Alcatel-Lucent boss leaving as losses mount
02/07/2013 5:15am
Alcatel-Lucent CEO Ben Verwaayen is leaving the loss-making French-U.S. telecommunications gear maker after a failed four-year bid to turn the business around.
MontePaschi puts derivative losses at $987 million
02/07/2013 7:06am
Embattled Italian bank Monte dei Paschi di Siena put the losses from three derivative trades that were concealed for years at (EURO)730 million ($987 million), and assured investors on Thursday that they should not mount.
Target's key Jan. revenue metric tops Wall Street
02/07/2013 7:18am
Discount retailer Target Corp. said Thursday that a key revenue measure rose 3.1 percent in January as shoppers bought holiday clearance merchandise.
Macy's ups 4Q outlook, plans to freeze pension
02/07/2013 8:04am
Macy's is raising its fourth-quarter adjusted earnings forecast due to its strong performance in January. The department store chain is also planning to freeze its pension and executive retirement plans in an effort to better manage rising costs.
Qatar budget surplus swells to $26 billion
02/07/2013 8:11am
Qatar says its budget surplus has doubled to $26 billion, highlighting the vast resources of the energy-rich Gulf state as it expands its political reach and global assets.
United Tech discloses 2012 business in Iran
02/07/2013 9:19am
United Technologies Corp. says two overseas affiliates earned $630,000 as the company ended business with Iran.
ExOne jumps in 1st day of trading as public co.
02/07/2013 10:04am
Shares of ExOne are soaring more than 45 percent on the 3D printer maker's first day as a publicly traded company.
Stocks retreat as weak earnings provide no joy
02/07/2013 10:20am
Stocks slumped on Wall Street Thursday, suggesting that the rally which has pushed indexes close to record levels may have run its course.
Hot Wheels: Chevrolet Cruze diesel
02/07/2013 11:48am
General Motors is following the Volkswagen playbook by bringing a diesel-powered small car from Europe to the United States.
Stocks retreat as weak earnings provide no joy
02/07/2013 12:40pm
Stocks slumped on Wall Street Thursday, suggesting that the rally which has pushed indexes close to record levels may have run its course.
Humbled Toyota rolls out new Tundra pickup
02/07/2013 12:43pm
Back in 2007, Toyota trumpeted its bulked-up Tundra as a game-changer that would cut into Detroit's dominance of the U.S. pickup truck market.
UK: Lasagna products 60 percent horsemeat
02/07/2013 1:15pm
Some beef lasagna products recalled from British stores contained more than 60 percent horsemeat, U.K. food safety authorities said Thursday. It was the latest revelation in a growing scandal surrounding the use of horsemeat and the mislabeling of meat products in Europe.
Stocks retreat as Europe, earnings weigh
02/07/2013 2:44pm
Stocks slumped on Wall Street Thursday, and the rally which has pushed indexes close to record levels stalled.
Workers vote to end 11-day trash strike in Spain
02/07/2013 3:03pm
Trash collectors in Seville have voted to end a strike that lasted 11 days and left the sidewalks of the popular tourist destination reeking with piles of garbage.
Metals slump after dollar rallies on ECB comments
02/07/2013 3:06pm
Palladium led declines for metals, after the head of the European Central Bank expressed concern over the rise in the euro. That prompted the currency to weaken and the dollar to rally.
Hot Wheels: Kia Cross GT concept vehicle
02/07/2013 3:16pm
Kia is continuing its climb into upscale territory with a new crossover prototype unveiled Thursday at the Chicago Auto Show.
McClatchy posts 4Q loss on debt refinancing charge
02/07/2013 3:51pm
The McClatchy Co., publisher of 30 daily newspapers including The Sacramento Bee and The Miami Herald, said Thursday that it posted a loss in the fourth quarter after booking a one-time charge for refinancing debt.
Charter to buy Optimum West in $1.63 billion deal
02/07/2013 4:03pm
Charter Communications says it is buying cable company Optimum West from CableVision Systems Corp. for about $1.63 billion in cash.
Are gun company stocks in your fund portfolio?
02/07/2013 4:28pm
Are there guns in your investment portfolio?
FAA approves test flights for Boeing 787
02/07/2013 4:43pm
Boeing won permission on Thursday for test flights of its 787 as it tries to fix battery problems that have kept the plane grounded.
In wealthy Hong Kong, poorest live in metal cages
02/07/2013 6:07pm
For many of the richest people in Hong Kong, one of Asia's wealthiest cities, home is a mansion with an expansive view from the heights of Victoria Peak. For some of the poorest, like Leung Cho-yin, home is a metal cage.
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