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Archive: (32 Stories)

UN concerned over tobacco fair in Philippines

03/19/2013 12:00am
The World Health Organization expressed concern Tuesday that the Philippines is encouraging smoking by hosting one of the world's largest tobacco trade shows, where city authorities lifted an indoor smoking ban for participants.

Japan ups damage seen from feared quake to $2.3T

03/19/2013 1:51am
A major quake off the coast of central Japan could kill more than 320,000 people and cause 220 trillion yen ($2.3 trillion) in economic damage, a government panel said in a report that more than doubles estimates of the potential cost of such a disaster.

Lego plans first China factory as Asian sales leap

03/19/2013 3:30am
Lego is building its first factory in China as part of a plan to move production closer to Asia, its fastest growing market.

Walgreen to acquire stake in AmerisourceBergen

03/19/2013 6:04am
Walgreen is expanding its supply agreement with AmerisourceBergen through a 10-year deal that gives the nation's largest drugstore chain an ownership stake in the pharmaceutical wholesaler.

Citigroup to pay $730 million to settle lawsuit

03/19/2013 6:25am
Citigroup has agreed to pay $730 million to settle a class-action lawsuit that claimed investors were misled by the bank's disclosures when they purchased its debt and preferred stock.

Lorillard CEO Kessler made $8.5M in '12

03/19/2013 8:16am
Lorillard Inc. CEO Murray Kessler received a pay package from the nation's third-biggest tobacco company valued at $8.5 million in 2012, about 35 percent less than the previous year, according to an Associated Press analysis of a regulatory filing.

Senate panel advances White nomination to head SEC

03/19/2013 8:59am
A Senate panel has approved Mary Jo White's nomination to lead the Securities and Exchange Commission and sent it along for a final vote.

A look at Cyprus' move to seize bank deposits

03/19/2013 9:03am
Lawmakers in Cyprus are still scrambling for a way to raise (EURO)5.8 billion ($7.5 billion) to help pay for an international bailout of the country's banks and government.

Court sides with student in case over textbooks

03/19/2013 9:10am
The Supreme Court ruled Tuesday that textbooks and other goods made and sold abroad can be re-sold online and in discount stores without violating U.S. copyright law.

Liberty to buy stake in Charter Communications

03/19/2013 9:10am
Liberty Media said Tuesday that it will buy a 27.3 percent stake in the cable TV provider Charter Communications for about $2.62 billion.

Trio of retailers to settle FTC "faux" fur charges

03/19/2013 9:49am
The FTC said Tuesday that Neiman Marcus and two other retailers have agreed to settle charges that they claimed certain products were made of "faux" fur when they actually contained real fur.

Stocks edge lower ahead of vote in Cyprus

03/19/2013 10:21am
Stocks are edging lower on Wall Street in midday trading before a vote on an unpopular bailout plan in the European nation of Cyprus.

News Summary: Congress silent on Dreamliner woes

03/19/2013 10:24am
NARY A PEEP: As Boeing, its airline customers and federal safety regulators struggled over the past two months to solve problems with the new 787 Dreamliner's fire-plagued batteries, one player has been strangely silent: Congress.

News Summary: Fracking foes to lobby if necessary

03/19/2013 10:35am
ON STAGE: Artists Against Fracking said neither the group nor supporters Yoko Ono or Sean Lennon have been told to register as lobbyists in their campaign against gas drilling in New York but will if necessary to continue their work.

Tax-fraud probe centering on French minister grows

03/19/2013 11:04am
Paris prosecutors have opened a judicial investigation into alleged laundering of money gained through tax fraud in a case centering on France's budget minister.

BBC sells Lonely Planet guide business to US firm

03/19/2013 11:41am
The Lonely Planet guide started out in 1973 on the kitchen table of Tony and Maureen Wheeler, who turned their adventures traveling on the cheap into a publishing empire_ a backpacker Bible that made far-flung places seem easier to access.

Airline CEOs defend merger before Senate panel

03/19/2013 11:53am
The CEOs of American Airlines and US Airways reassured a Senate panel Tuesday that their merger would not lead to fewer flights or lost jobs in the lawmakers' states.

News Summary: China movie hits struggle overseas

03/19/2013 11:59am
LOST IN TRANSLATION: China's homemade box-office hits are flopping overseas, with international ticket revenue dropping 48 percent last year. That flies in the face of leaders' hopes that its studios will be able to rival Hollywood for global influence.

News Summary: Newspapers worry about UK media law

03/19/2013 12:00pm
MEDIA WORRIES: Across Britain, newspaper front pages voiced disquiet at the establishment of an independent watchdog that would have the power to order prominent apologies and take complaints into arbitration _ a move one newspaper described as overturning centuries of press freedom.

Stocks decline on worries over Cyprus bailout

03/19/2013 12:10pm
Stocks fell on Wall Street as investors fretted about the latest chapter in Europe's debt saga.

Wall Street sees big gains, unemployment remains stubbornly high

03/19/2013 12:37pm
Wall Street has been on a hot streak for the past few weeks, but those positive numbers are still in stark contrast to the stubbornly high national unemployment rate and sluggish economic growth.

Stocks decline on worries over Cyprus bailout

03/19/2013 12:54pm
Stocks edged lower on Wall Street as investors fretted about the latest chapter in Europe's debt saga.

Boeing wins major 737 jet order from Ryanair

03/19/2013 1:12pm
There's finally some good news for Boeing: European discount airline Ryanair announced Tuesday it will buy 175 of the company's popular 737 jets, the largest order ever placed by a European carrier.

US safety officials probe Mercedes fuel leaks

03/19/2013 1:55pm
Federal safety regulators are investigating reports of fuel leaks in about 250,000 Mercedes-Benz E-Class cars.

News Summary: US to revise cigarette warnings

03/19/2013 2:14pm
UP IN SMOKE: The government is abandoning a legal battle to have cigarette packs carry large, often macabre warnings depicting the dangers of smoking and encouraging smokers to quit.

Ford will pay $750 million to close Belgian plant

03/19/2013 2:59pm
Ford Motor Co. will pay $750 million in separation benefits to hourly workers at a Belgian factory it plans to close next year.

Market rebounds, but retirement confidence doesn't

03/19/2013 3:09pm
Workers appear to have little faith that the economic recovery and the stock market's climb have left them better-prepared for retirement.

ICE revises structure of NYSE Euronext deal

03/19/2013 3:49pm
IntercontinentalExchange is revising the structure of its $8.2 billion proposed acquisition of NYSE Euronext.

Walgreen buys wholesaler stake, 2Q profit climbs

03/19/2013 3:54pm
Drugstore chain Walgreen Co. is buying an ownership stake in another big company, this time in a deal that could increase its clout when negotiating prices with drugmakers.

See-through yoga pants a pain for Lululemon

03/19/2013 4:25pm
Lululemon has yanked its popular black yoga pants from store shelves and online after it found that the sheer material used was revealing too much of its loyal customers.

It's official: Twinkies sale approved by judge

03/19/2013 4:44pm
A bankruptcy judge on Tuesday approved the sale of Twinkies to a pair of investment firms, one of which has said it hopes to have the cakes back on shelves by summer.

Settlement approved in lawsuit over Playboy buyout

03/19/2013 5:57pm
A Delaware judge has approved the settlement of a class-action lawsuit over Playboy magazine founder Hugh Hefner's successful bid to take the company private.
 
   
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