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December 20th, 2014
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Archive: News / Biz / Business & Finance (30 Stories)

New losses at Alcatel-Lucent amid rehaul

10/31/2013 1:29am
Telecommunications equipment maker Alcatel-Lucent SA lost 200 million euros ($274,000) in the third quarter, including costs of restructuring efforts aimed at turning around the long-struggling company.

Randstad names new CEO

10/31/2013 1:57am
Randstad Holding NV, the second-largest global staffing company, has named Jacques van den Broek as new CEO beginning in February 2014, when he will replace longtime chief executive Ben Noteboom.

Poor refining margins drive profit down at Total

10/31/2013 2:47am
French oil company Total said Thursday that net income fell 10 percent in the July-to-September period, partially due to poor refining margins amid a sluggish European economy.

New drugs boost earnings at Germany's Bayer

10/31/2013 3:59am
Drug and materials company Bayer AG says net profit rose 42 percent as sales increased for its new drugs aimed at preventing blood clots and treating the eye disease macular degeneration, while one-time expenses dropped.

BNP Paribas makes profit, but revenue slips

10/31/2013 4:02am
BNP Paribas, France's largest bank, said Thursday that profit held up in the third quarter despite a drop in revenue due to weak retail and investment banking activity.

Shell Q3 profits hit by lower production

10/31/2013 4:21am
Royal Dutch Shell PLC, Europe's largest oil company, says third quarter earnings fell due to weaker demand for fuel and a drop in output, particularly in Nigeria, where attacks on pipelines have forced shutdowns.

Air France-KLM sees profit slide 50 percent

10/31/2013 4:24am
Weak demand in a poor economy and stiff competition pushed Air France-KLM's net profit down more than 50 percent in the third quarter, the Franco-Dutch airline said Thursday.

Central banks give each other access to currency

10/31/2013 4:59am
Six of the world's leading central banks, including the U.S. Federal Reserve, say they will provide each other with ready supplies of their currencies on a standing basis, extending arrangements set up to steady the global financial system during post-2007 turbulence.

Lufthansa profits slide amid restructuring

10/31/2013 5:14am
German airline Lufthansa says net profit for the first nine months of the year fell 65 percent, to 247 million euros ($340 million) from 697 million euros in the same period a year ago.

Crown Holdings buying Mivisa Envases for $1.64B

10/31/2013 5:36am
Crown Holdings is spending $1.64 billion to acquire the Spanish canning company Mivisa Envases and expand its footprint in Europe.

Bud brewer AB Inbev's Q3 profits rise 31 percent

10/31/2013 6:16am
Anheuser-Busch InBev, the world's largest brewer, says its third-quarter profits rose as the takeover of new brands and higher selling prices offset the impact of lower sales volumes.

58.com stock soars on first trading day

10/31/2013 8:16am
Shares of 58.com are soaring on their first trading day after pricing at $17 each on Wednesday night in the company's initial public offering.

Essent Group surges in debut on the NYSE

10/31/2013 8:54am
Essent Group's stock soared in its first day as a publicly traded company Thursday.

Kraft to remove artificial dyes from 3 products

10/31/2013 9:25am
Kraft says it plans to remove artificial dyes from three macaroni and cheese varieties that come in kid-friendly shapes, a move that comes as people increasingly reach for foods they feel are natural.

Boeing to speed 737 production to 47 per month

10/31/2013 9:32am
Boeing Co. is speeding up production of its 737 again as it aims to cut down a backlog for 3,400 of the jets.

News Summary: AB InBev's Q3 profit rises 31 pct

10/31/2013 9:56am
LESS BEER, HIGHER PRICES: Anheuser-Busch InBev, the world's largest brewer, says its third-quarter profit rose as the takeover of new brands and higher selling prices offset the impact of lower sales volumes.

News Summary: Indonesian workers go on strike

10/31/2013 10:01am
FED UP: Laborers across Indonesia began a two-day strike Thursday demanding benefits and higher pay while protesting the hiring of contract workers.

News Summary: Convicted mobster hopes eatery a hit

10/31/2013 10:05am
LIKE HOME-'MADE': When he was on trial for racketeering, Angelo Lutz denied the mob's existence, but now he's using his past in organized crime to promote his new restaurant, the Kitchen Consigliere.

News Summary: Call for Cyprus deposit guarantees

10/31/2013 10:21am
GUARANTEES NEEDED: In order to maintain confidence in the financial system, an independent commission urged the Cypriot government to guarantee all bank deposits when it removes limits on money flows.

News Summary: NYC closer to 21 tobacco-buying age

10/31/2013 10:29am
WAIT TO SMOKE: Young New Yorkers who want to light up will soon have to wait for their 21st birthdays before they can buy a pack of smokes after lawmakers in the nation's most populous city voted overwhelmingly to raise the tobacco-purchasing age from 18 to 21.

News Summary: Vietnam blogger detained, released

10/31/2013 10:40am
FACEBOOK POST: A pro-democracy blogger broke the news of his own detention and eventual release in Vietnam through Facebook, another sign of how the social network is shaking up the country's activist movement and worrying its authoritarian rulers.

News Summary: MasterCard earnings climb in 3Q

10/31/2013 10:44am
OVERSEAS GROWTH. PRICELESS: MasterCard said its third quarter profit rose 14 percent as it got a boost from overseas growth and processed more payments. The amount people spent using MasterCard-branded cards rose almost 19 percent on a local-currency basis. That's close to twice the rate of growth in the U.S.

Tiffany gets $2.2M judgment in website lawsuit

10/31/2013 10:48am
Tiffany says a Florida court awarded it $2.2 million in damages from defendants who sold counterfeit Tiffany jewelry online.

AstraZeneca profits and revenues fall

10/31/2013 11:06am
British drugmaker AstraZeneca reported Thursday that third-quarter net profit fell 17.5 percent to 1.25 billion pounds ($200 billion) as the patents on older drugs expired.

FDA enlists companies to head off drug shortages

10/31/2013 12:16pm
The Food and Drug Administration announced a new proposal Thursday to try and head off more shortages of crucial medications that have disrupted care at hospitals and clinics nationwide.

Fliers face quirks using gadgets for entire flight

10/31/2013 1:43pm
Fliers are rejoicing that they'll soon be able to use their iPads, Kindles, music players and other personal electronics during all phases of a flight. But no policy change is without its quirks or hiccups.

Brazil's flamboyant playboy tycoon takes big fall

10/31/2013 1:46pm
Just a few years ago, flamboyant billionaire Eike Batista was boasting that he'd soon be the world's richest man. For those who visited his home, he loved to show off his prized Mercedes-Benz McLaren, which he parked right in the living room of his mansion.

MGM Resorts 3rd-quarter loss narrows

10/31/2013 1:52pm
MGM Resorts' third-quarter loss narrowed as gambling revenue improved and it paid less interest on debt.

The top gainers and losers in the S&P 500

10/31/2013 3:35pm
The Standard & Poor's 500 index rose 4.5 percent in October, and is up 23 percent for 2013. Cliffs Natural Resources came out on top in October. Its stock benefited from an improvement in the outlook for iron ore and coal. At the bottom was Teradata. The data management company cut its full-year outlook, saying its business outside the U.S. and Europe has struggled.

Fannie sues 9 banks over LIBOR-related losses

10/31/2013 5:12pm
Fannie Mae sued nine major banks Thursday, alleging the banks' participation in the rigging of a key global interest rate cost the mortgage giant hundreds of millions of dollars.
 
   
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