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Archive: (13 Stories)

Philip Morris buying stake in Megapolis for $750M

12/04/2013 5:48am
Philip Morris is buying a 20 percent stake in Megapolis Distribution BV, the holding company for its Russian cigarette distributor, for $750 million.

Russian tycoon sues Montenegro over smelter

12/04/2013 7:29am
Russian aluminum baron Oleg Deripaska's company has launched a 100 million-euro ($1362 million) lawsuit against Montenegro over the handling of its aluminum smelter in the Balkan country.

Deere expands share buyback program by $8 billion

12/04/2013 9:39am
Deere & Co. said Wednesday that its board of directors approved an increase to the company's share buyback program. It also declared a quarterly dividend.

CEOs more optimistic about economy and hiring

12/04/2013 10:30am
A survey of chief executives at the largest U.S. companies shows a growing number are slightly more optimistic about the economy's prospects for the next six months and expect to boost hiring.

EU fines global banks $2.3 bln for market rigging

12/04/2013 2:07pm
The European Commission has fined a group of major global banks a total of 1.7 billion euros ($2.3 billion) for colluding to profit from the manipulation of key interest rates.

How will it end? Portugal seeks bailout closure

12/04/2013 2:09pm
Portugal wants to look like Ireland, but it can't disguise its resemblance to Greece.

Disney raises annual dividend to 86 cents

12/04/2013 2:40pm
Disney is raising its annual dividend to 86 cents from 75 cents.

Barrick founder to retire, miner overhauls board

12/04/2013 2:57pm
Barrick chairman Peter Munk is retiring from the company he built into the world's largest gold producer.

Ohio-based Fifth Third to pay $6.5M in SEC case

12/04/2013 3:14pm
A federal agency said Wednesday that Fifth Third Bancorp will pay $6.5 million to settle charges of improper accounting of commercial real estate loans during the financial crisis.

Services send mystery boxes of socks, sex toys

12/04/2013 3:24pm
Sex toys. French films. Star Wars action figures. Erotic photos.

Carl Icahn ups ante in crusade for Apple buyback

12/04/2013 4:18pm
Activist investor Carl Icahn is seeking the support of Apple shareholders as he tries to pressure the iPhone maker into spending more of its cash to buy back the company's stock.

Flooring manufacturer to expand 2 Georgia plants

12/04/2013 4:25pm
A company that manufactures flooring products is planning to renovate two facilities in northwestern Georgia and create more than 400 new jobs, Gov. Nathan Deal announced Wednesday.

3 banks failed to meet some relief tests: monitor

12/04/2013 4:49pm
Three of the biggest U.S. lenders failed this year to meet some requirements for giving relief to struggling homeowners in a $25 billion settlement over foreclosure abuses, according to an official.