Archive:
(28 Stories)
Insurer Allianz doubles net profit in 2012
02/21/2013 12:33am
Insurance company Allianz SE says net profit almost doubled last year as losses on Greek bonds no longer weighed down its results.
Italian traditions provide buffers to the crisis
02/21/2013 1:56am
Self-made Italians like Amedeo Tartarini never expected to need help.
Israel gives OK for oil drilling in Golan Heights
02/21/2013 4:41am
Israel says it has given the go-ahead for a gas exploration project in the Golan Heights, a strategic plateau it captured from Syria in the 1967 war.
EU clears $24bn state guarantee for French bank
02/21/2013 4:44am
The European Union has approved state guarantees worth (EURO)18 billion ($24 billion) for an ailing French real estate bank on condition Paris presents a plan to restructure or close it within six months.
Lego sales soar on demand for new girls' series
02/21/2013 5:57am
Lego's sales soared 25 percent last year thanks in part to its new series of building blocks designed for girls.
Linn buying Berry Petroleum for about $2.5B
02/21/2013 6:25am
Linn Energy is buying the drilling company Berry Petroleum Co. for stock worth about $2.5 billion.
WellPoint board OKs 30 pct dividend hike
02/21/2013 8:43am
WellPoint Inc. said it plans to raise the quarterly dividend it pays shareholders by 30 percent, an announcement that comes about week after the health insurer's stock started slipping after it named a new CEO.
US wine exports set new record in 2012
02/21/2013 8:51am
New figures show U.S. wine exports grew for the third consecutive year in 2012, setting a record of $1.43 billion in revenue.
Coca-Cola increases dividend by 10 percent
02/21/2013 8:58am
The Coca-Cola Co. is raising its quarterly dividend 10 percent to 28 cents.
News Summary: Safeway 4Q profit jumps 13 percent
02/21/2013 9:08am
THE NEWS: Grocery store operator Safeway said Thursday its net income jumped 13 percent in the fourth quarter. Revenue edged up 1 percent to $13.77 billion.
News Summary: Lego sales soar
02/21/2013 9:46am
GETTING A LEGO UP: Lego's sales soared 25 percent last year thanks in part to its new series of building blocks designed for girls.
Earnings roundup: Imax, PG&E
02/21/2013 10:27am
Among the earnings stories for Thursday, Feb. 21, from The Associated Press:
Wal-Mart outlook wary even as profit rises
02/21/2013 11:06am
As Americans' financial fortunes go, so goes Wal-Mart.
Fund investors hurt themselves through poor timing
02/21/2013 11:16am
The recipe for successful investing sounds pretty simple: have reasonably good timing over the long haul and avoid big mistakes. That's what helps professionals build a worthy track record. For average investors, it's advisable to set the bar lower. Construct a balanced portfolio of low-cost mutual funds, make regular contributions to invested savings, and stick with it until it's time to retire.
Fund investors hurt themselves through poor timing
02/21/2013 11:16am
The recipe for successful investing sounds pretty simple: have reasonably good timing over the long haul and avoid big mistakes. That's what helps professionals build a worthy track record. For average investors, it's advisable to set the bar lower. Construct a balanced portfolio of low-cost mutual funds, make regular contributions to invested savings, and stick with it until it's time to retire.
5 big US banks have cut mortgage debt by $19B
02/21/2013 11:25am
Five of the biggest U.S. banks have cut struggling homeowners' mortgage balances by $19 billion, part of a total $45.8 billion in relief provided under a landmark settlement over foreclosure abuses.
Ford boosts small-engine production in US
02/21/2013 12:18pm
Ford is preparing for a day in the near future when a small four-cylinder engine will be the motor of choice in most of its vehicles, perhaps even in pickup trucks.
Feds indict 4 in peanut butter salmonella outbreak
02/21/2013 12:19pm
A federal grand jury indicted four former employees of a peanut company linked to a 2009 salmonella outbreak that killed nine people and sickened hundreds, leading to one of the largest recalls in history.
Sequester Q&A: For US, a new season of uncertainty
02/21/2013 1:40pm
The politics of sequestration have been fierce, the finger-pointing incessant. But just a week out from a March 1 deadline, there are no meaningful efforts in Washington to avert big automatic cuts to federal spending and a new season of uncertainty for a nation struggling to shake off a recession.
News Summary: 5 US banks cut mortgage debt by $19B
02/21/2013 1:48pm
BALANCED APPROACH: Five of the biggest U.S. banks cut struggling homeowners' mortgage balances by $19 billion, part of $45.8 billion in relief under a 2012 settlement over foreclosure abuses.
Schwab: All-index fund 401(k) cut investing costs
02/21/2013 2:20pm
Schwab Retirement Plan Services says that employees who enrolled in an all-index fund 401(k) plan launched by the company about a year ago saw the expenses on their funds drop nearly 80 percent.
Texas Instruments boosts dividend, buyback plans
02/21/2013 3:17pm
Texas Instruments Inc. says it is increasing its dividend by 33 percent and plans to buy back up to $5 billion more of its shares.
Clarification: Monster Beverage-Labeling story
02/21/2013 3:41pm
In a story Feb. 13 about Monster Beverage Corp. changing its labeling to be considered a traditional beverage rather than a dietary supplement, The Associated Press reported that taurine is not approved for use as an additive in foods and that no notification had been submitted to the Food and Drug Administration that the ingredient is "generally recognized as safe," or GRAS. The story should have noted that companies can also make GRAS determinations without notifying the FDA. Monster Beverage says it has determined taurine to be GRAS, based on publicly available research. The story should have also noted that taurine is used in Red Bull, which is already categorized as a traditional drink.
AIG slides to a loss, hurt by Superstorm Sandy
02/21/2013 3:47pm
American International Group lost $4 billion in the last three months of 2012 as the insurer absorbed costs related to damage caused by Superstorm Sandy and the sale of its airplane leasing unit.
Heinz 3rd-quarter net income dips
02/21/2013 4:10pm
Food maker H.J. Heinz Co., which is being bought by Warren Buffett's Berkshire Hathaway and 3G Capital for $23.3 billion, on Thursday reported a 5 percent drop in its fiscal third-quarter net income as higher sales in emerging markets were offset by costs related to selling a frozen food business in China.
News Summary: Schwab touts 401(k) plan fee savings
02/21/2013 4:11pm
LOWER FEES: Schwab Retirement Plan Services says that employees who enrolled in an all-index fund 401(k) plan launched by the company about a year ago saw the expenses on their funds drop nearly 80 percent.
News Summary: AIG slides to a 4Q loss
02/21/2013 4:27pm
BIG LOSS: American International Group slid to a loss in the fourth quarter as the insurer absorbed costs related to damage caused by Superstorm Sandy and the sale of its airplane leasing unit. Still, AIG posted an operating profit that was better than analysts were expecting.
Taiwan media kingpin pushes hard on China ties
02/21/2013 10:19pm
Appearing last year before Taiwanese regulators, billionaire media magnate Tsai Eng-meng appeared perplexed over a decision to fine his flagship newspaper for carrying camouflaged advertising on behalf of China's Communist government.
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