BHP Billiton CEO to step down in May; profit drops
02/20/2013 1:05am
BHP Billiton, the world's biggest mining company, said Wednesday its chief executive Marius Kloppers will retire in May. The company also announced a 58 percent fall in half-year profit.
Iraq gives go-ahead for Iranian pipeline to Syria
02/20/2013 3:15am
Iraq has approved the construction of a natural gas pipeline across its territory that will connect Iran to key ally Syria. The move likely to strengthen Tehran's influence over its neighbors.
Polish parliament approves EU fiscal compact
02/20/2013 3:17am
Polish lawmakers have approved the European Union's fiscal compact, a set of rules that will limit public debt.
Miss Spain organizer files for insolvency
02/20/2013 3:59am
The company which organizes the Miss Spain beauty contest has filed for protection from creditors, the latest victim of the country's crippling economic crisis.
Filipino rebels storm pineapple plantation; 1 dead
02/20/2013 4:21am
More than 100 communist guerrillas stormed one of the world's largest pineapple plantations in the southern Philippines, killing a guard and torching farm equipment in their biggest attack this year, officials said Wednesday.
China promises more effort to cool housing costs
02/20/2013 4:40am
China's government ordered local officials Wednesday to do more to cool surging housing costs after a scandal over a bank employee who bought 45 properties highlighted the potential for evasion of ownership limits.
EU: Mittal steel agrees to suspend cuts, closures
02/20/2013 5:02am
The European Union's executive arm says the boss of steel maker ArcelorMittal has promised to suspend planned job cuts and plant closures in Europe through June.
AirAsia plans budget airline in India
02/20/2013 5:15am
AirAsia, Southeast Asia's top budget carrier, said Wednesday it will set up an airline with India's Tata conglomerate to tap the world's second most populous nation after moves to liberalize its airline industry.
Germany charges 2 with selling Iran drone motors
02/20/2013 5:16am
Two Iranian men have been charged with allegedly smuggling dozens of German-made aircraft motors to Iran to be used in its Ababil III surveillance and attack drone, federal prosecutors said Wednesday.
Harvest ends $725M sale of Venezuelan interests
02/20/2013 5:37am
Energy company Harvest Natural Resources says it is dropping a planned $725 million sale of its Venezuelan interests to Indonesia's national oil company after that country's government declined to approve the deal.
Portrait of accused China cyberspy unit emerges
02/20/2013 7:21am
Unit 61398 of the People's Liberation Army has been recruiting computer experts for at least a decade. It has made no secret of details of community life such as badminton matches and kindergarten, but its apparent purpose became clear only when a U.S. Internet security firm accused it of conducting a massive hacking campaign against North American targets.
Sporadic violence marks countrywide Indian strike
02/20/2013 9:21am
Sporadic violence broke out in India on Wednesday as labor unions began a two-day strike to protest rising prices and government policies to open the economy.
Greece's weakened workforce starts to crack
02/20/2013 10:02am
Looking out across a room full of reporters gathered to welcome French President Francois Hollande on Tuesday, Greece's President Karolos Papoulias gave a stark warning about the state of the country after three harsh years of government spending cuts, joblessness and tax hikes.
Serbia withdraws suspected toxic milk
02/20/2013 10:08am
Serbian officials ordered some brands of milk taken off store shelves Wednesday, despite earlier claims that they were safe and not dangerously contaminated with a potentially cancer-causing toxin.
NYPD, Microsoft create crime-fighting tech system
02/20/2013 10:51am
The New York Police Department has teamed up with Microsoft to create futuristic-sounding computer technology that could help officers fight crime in real time.
Bulgarian gov't resigns after violent protests
02/20/2013 11:17am
Elena Hristova, a 73-year-old retiree, had always paid her bills on time.
German central bank recovers most Lehman losses
02/20/2013 11:24am
Germany's central bank has finally recovered most of the billions in loans that a local subsidiary of Lehman Brothers defaulted on when the U.S. investment bank went bust in 2008.
Zambia takes over troubled Chinese-run coal mine
02/20/2013 11:38am
Zambia's mining minister says his country has taken over a Chinese-run coal mine where managers once opened fire on workers during a labor dispute.
News Summary: China cyberspy unit
02/20/2013 12:07pm
CLANDESTINE: Unit 61398 of the People's Liberation Army has been recruiting computer experts for at least a decade. Its apparent purpose became clear only when a U.S. Internet security firm accused it of conducting a massive hacking campaign against North American targets.
News Summary: Greece's workforce starts to crack
02/20/2013 12:15pm
NO-PAY DAYS: Not only are Greece's 1.35 million unemployed unable to make ends meet, but a growing number of those in work are struggling as more and more companies can no longer make regular salary payments.
Putting cash on the line to lose weight
02/20/2013 12:16pm
Kimberly Calliari paid $300, lost 51 pounds and won $1,200.
Macy, Penney to spar in court over Martha Stewart
02/20/2013 12:37pm
Let the pots and pans fly.
Office Depot agrees to buy OfficeMax in stock deal
02/20/2013 1:03pm
Office Depot and OfficeMax are being collated.
Greek yogurt popular with adults, will kids bite?
02/20/2013 1:06pm
Greek yogurt is taking over the dairy aisle, but will kids bite?
Herbalife to clarify reporting of business metrics
02/20/2013 1:24pm
Dietary supplements company Herbalife says it will clarify how it reports key elements of its business practices, which have been at the center of debate between sparring hedge fund managers.
News Summary: Chesapeake CEO cleared
02/20/2013 2:10pm
CEO CLEARED: An investigation by Chesapeake Energy's board into CEO Aubrey McClendon's personal deals with company partners found McClendon didn't benefit improperly.
News Summary: Yahoo remodels its home page
02/20/2013 2:17pm
NEW YAHOO: The home page that Is the gateway to Yahoo's online services has been redesigned in an effort to spur more frequent and longer visits. Yahoo Inc. unveiled the changes Wednesday in the U.S.
Reader's Digest says bankruptcy financing approved
02/20/2013 2:21pm
The parent company of Reader's Digest says a court conditionally approved its debt financing, allowing it to stay in business and pay its employees and freelancers while it restructures its business.
News Summary: Put cash on the line to lose weight
02/20/2013 2:22pm
BETTING THAT YOU'LL LOSE WEIGHT: DietBet.com, HealthyWage.com and Stickk.com let you wager money that you'll shed some pounds. Miss your goals and you'll lose your cash.
News Summary: Google to sell more Internet glasses
02/20/2013 2:40pm
YOU WIN, YOU PAY: Google is holding an unusual contest to find people interested in using its Internet-connected glasses. The winners must pay $1,500 for a pair and, depending on where they live, may have to travel to pick up the high-tech spectacles in New York, Los Angeles or the San Francisco Bay area.
Beer cos., DOJ in resolution talks for $20.1B deal
02/20/2013 3:53pm
The U.S. Department of Justice is talking with beer makers Anheuser-Busch InBev and Grupo Modelo about potentially resolving a legal challenge to their $20.1 billion deal.
Investors seek to split JPMorgan CEO, chairman
02/20/2013 4:58pm
A coalition of investors said Wednesday that it filed a shareowner proposal that would split the chairman and CEO roles held by James Dimon at JPMorgan Chase since 2006.
Australia's Qantas posts sharply higher profits
02/20/2013 5:41pm
Qantas Airways Ltd. said Thursday its first-half profit more than doubled after losses slowed in its long-suffering international division and it pocketed cash from delays in the delivery of Boeing's troubled 787 Dreamliner jets.
NY Times again prepares to sell Boston Globe
02/20/2013 6:10pm
The New York Times Co. said Wednesday that it is putting The Boston Globe and its related assets up for sale four years after it called off a previous attempt to sell the newspaper.
Chinese dare officials to swim in polluted rivers
02/20/2013 6:38pm
A Chinese businessman angry about a filthy river made an equally dirty dare: He'll give an environmental official about $32,000 just for swimming in the polluted waterway.
US CEO ridicules French workers as time-wasting
02/20/2013 7:06pm
A straight-talking U.S. businessman and a European socialist government were never likely to become the firmest of friends, but a letter from Maurice Taylor, CEO of tire-maker Titan International, blasting the French work-ethic has ruffled France's feathers.
Anti-waste call sobers up China luxury food market
02/20/2013 7:22pm
China's suppliers of shark fin, abalone, pricey liquor and other luxury items have been taking a beating since new leader Xi Jinping ordered officials to cut out lavish living.
Don't have time to eat breakfast? Drink it
02/20/2013 7:50pm
If you don't have time to sit down for a bowl of cereal in the morning, companies are hoping you'll want to drink your breakfast.
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