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Archive: (20 Stories)

Novartis Q4 net profit rises to $2.0 billion

01/29/2014 1:02am
Swiss drug maker Novartis AG reported a 2 percent rise in fourth-quarter net profit Wednesday, helped by delays in generic competition to its blockbuster drugs.

Nordic bank Nordea's Q4 profits drop by 8 percent

01/29/2014 1:28am
Nordic banking group Nordea AB says its fourth-quarter net profit dropped by 8 percent because of subdued market growth.

Turkish rate hike gives only temporary relief

01/29/2014 5:55am
Bold action by Turkey's central bank gave the national currency only a brief lift as investors worried that aggressive interest rate increases may not work in bringing an end to the market volatility.

Super Bowl ads show signs of maturity

01/29/2014 8:46am
Forget slapstick humor, corny gimmicks and skimpy bikinis. This year's Super Bowl ads promise something surprising: Maturity.

Cheerios Super Bowl ad stars interracial family

01/29/2014 9:08am
Cheerios is bringing back an interracial family to star in its Super Bowl ad.

Insurer WellPoint's 4Q profit drops 68 percent

01/29/2014 9:24am
WellPoint's fourth-quarter earnings tumbled 68 percent, as customers of the nation's second largest health insurer raced to use their coverage last fall before it lapsed due to the health care overhaul.

How the EU wants to isolate banks' risky bets

01/29/2014 9:26am
The European Union's executive is proposing rules to contain the kind of excessive risk-taking by banks that set off the financial crisis. It aims to spare taxpayers from having to bail out large lenders again.

Fiat Chrysler Automobiles to be company's new name

01/29/2014 10:55am
Chrysler and Fiat will be known as Fiat Chrysler Automobiles NV as they move forward as a single company.

Fiat Chrysler Automobiles to be company's new name

01/29/2014 12:21pm
Chrysler and Fiat will be known as Fiat Chrysler Automobiles NV as they move forward as a single company.

Text of the Federal Reserve's statement Wednesday

01/29/2014 1:17pm
The statement the Federal Reserve released Wednesday after its two-day policy meeting:

Comparing US Fed's views on rates, bond purchases

01/29/2014 1:38pm
A comparison of the Federal Reserve's statements from its two-day meeting that ended Wednesday and its meeting Dec. 17-18:

Boeing outlook sinks stock despite solid 4Q profit

01/29/2014 1:49pm
Boeing is building airplanes faster, but Wall Street wants it to build profits faster, too.

Fed to reduce pace of bond buying by another $10B

01/29/2014 2:13pm
The Federal Reserve is pushing ahead with a plan to shrink its bond-buying program because of a strengthening U.S. economy. It's doing so even though the prospect of reduced Fed stimulus and higher U.S. interest rates has rattled global markets.

Longshoremen told to pay $3.8 million for strike

01/29/2014 2:23pm
An arbitrator has ordered a longshoremen's local union to pay $3.8 million in damages for a three-day strike at the Port of Baltimore that he said violated a no-strike provision in their contract.

Details of Fiat and Chrysler's 4Q and 2013 earns

01/29/2014 2:26pm
THE BACKGROUND: Fiat SpA and Chrysler Group, which merged earlier this month, announced Wednesday that their new company will be called Fiat Chrysler Automobiles NV, or FCA. They eventually plan to release one earnings statement in U.S. dollars, but on Wednesday they reported separate fourth quarter and full year earnings.

A guide to Obama's plan for retirement savings

01/29/2014 2:41pm
President Barack Obama used his State of the Union speech to roll out a plan to coax low- and middle-income Americans into saving more for retirement.

Utah woman strikes a deal on 'Shark Tank'

01/29/2014 3:35pm
When Susan Petersen began her business, she recycled old window frames to create capital. Now, Freshly Picked is expected to sell between 20,000 and 30,000 pairs of baby moccasins this year and struck a deal on the TV show "Shark Tank."

Deal OK'd for Fannie to get $537M on Lehman claim

01/29/2014 3:53pm
A federal bankruptcy judge has approved Lehman Brothers Holdings Inc.'s settlement with Fannie Mae, allowing the mortgage finance giant to recover about $537 million for its claim against the estate of the failed Wall Street bank over soured mortgage securities.

Starbucks CEO to focus on mobile, digital efforts

01/29/2014 4:05pm
Starbucks CEO Howard Schultz says he plans to spend more time developing the coffee chain's rewards program, mobile payments and other digital projects of growing importance.

Target says hackers stole credentials from vendor

01/29/2014 6:15pm
Target said Wednesday that investigators have found that hackers stole credentials from a vendor to access the retailer's systems and pilfer about 40 million debit and credit card numbers as well as personal information for another 70 million people.