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U.S. markets make modest gains after Greek debt deal

Thu, 09 Feb 2012 13:41:16 -0500

U.S. stocks were only modestly higher Thursday despite leaders in Greece ratifying reforms that will pave the way for a deal between the debt-laden country, the European Union and the International Mo

China's inflation rises to 4.5 per cent

Thu, 09 Feb 2012 10:16:53 -0500

BEIJING China's inflation rose to 4.5 per cent in January with soaring food prices contributing significantly to the reversal of a five month trend of easing prices.

US stocks little changed after Greece deal

Thu, 09 Feb 2012 15:10:03 -0500

US stocks traded in a very narrow range around the breakeven line Thursday as investors felt little thrilled after Greek political leaders had agreed on austerity cuts after a dangerous deadlock.

BG to capitalise on demand for LNG

Thu, 09 Feb 2012 13:47:53 -0500

LONDON - Oil and gas major BG Group plans to capitalise on strong global demand for liquefied natural gas to boost investments and growth prospects, the company said Thursday announcing $8.209 billion

Greek talks fail to cut ice over rescue plan

Thu, 09 Feb 2012 12:37:04 -0500

ATHENS - Greek Prime Minister Lucas Papademos has failed to garner support from his coalition partners for new austerity measures, necessary for a crucial 130 billion euros European Union bailout pack

News Corp net profit up 65 per cent

Thu, 09 Feb 2012 12:31:08 -0500

NEW YORK - Profits of Rupert Murdoch's News Corporation have risen sharply by 65 per cent in the quarter ending December, despite an ongoing investigations into the closure of the 'News of the World'

News Corp reaches 15 more settlements

Wed, 08 Feb 2012 14:00:16 -0500

LONDON - Rupert Murdoch's News Corp's British arm has reached out of court settlements with 15 more phone hacking victims including politicians, sportsmen and celebrities in the scam, the high court w

German exports break record, touch 1 trillion euros mark

Wed, 08 Feb 2012 13:52:23 -0500

BERLIN - German exports have grown 11.4 per cent to top one trillion euros in 2011 but a sharp decline towards the end of the year has triggered fears in Europe's biggest economy, according to fresh f

Yahoo! A major overhaul as chairman, three directors leave

Wed, 08 Feb 2012 13:41:42 -0500

SAN FRANCISCO - Yahoo's chairman and three other board members have decided not to stand for re-election, giving in to the demands of its shareholders frustrated over the Internet company's declining

Philip Morris International income up nearly 8 percent

Thu, 09 Feb 2012 13:47:36 -0500

Cigarette maker Philip Morris International says its fourth-quarter net income grew nearly 8 percent as it commanded higher prices for its ...

Kodak to stop making cameras, digital frames

Thu, 09 Feb 2012 13:47:14 -0500

ROCHESTER, N.Y. - Eastman Kodak Co. said today it will stop making digital cameras, pocket video cameras and digital picture frames, marking the end of an era for the company that brought ...

Wall Street futures fall as Greece fails to OK all cuts

Thu, 09 Feb 2012 13:46:52 -0500

NEW YORK - U.S. stock futures are falling after Greek leaders failed to accept the entire batch of new austerity measures demanded by creditors, leaving its bailout in ...

Microsoft reveals Windows On ARM will bind developers

Thu, 09 Feb 2012 13:46:35 -0500

Microsoft has given details of the first version of Windows to be tailored to ARM-based chips, revealing that the OS will have a number of restrictions for app ...

Hotai Motor`s Pretax Earnings Up 33% in 2011

Thu, 09 Feb 2012 13:38:15 -0500

Taipei, Feb. 9, 2012 (CENS)--Hotai Motor Co. Ltd., local general agent of Toyotas and Lexus and the long-term No. 1 dealer in Taiwan, registered pretax earnings of NT$7.4 billion (US$246.6 million) ...

Data center construction strong

Thu, 09 Feb 2012 13:34:22 -0500

Here's a bright spot in commercial real estate: Construction of data centers. This, according to Golden Valley-based Mortenson Construction. A recent report done by the firm notes the ...

Minn. expects up to $280M from national mortgage relief deal

Thu, 09 Feb 2012 13:34:14 -0500

Minnesota mortgage borrowers will have access to up to $280 million as part of a multibillion-dollar deal reached among the states, federal agencies and the nation's biggest mortgage lenders ...

Prudential sacks, sues its 'Agent of the Year'

Thu, 09 Feb 2012 13:34:11 -0500

Four days after being named "Agent of the Year," St. Louis Park insurance salesman Terry Sandvold was sacked last month by his longtime agency, The Prudential Insurance Agency of America. ...

Hecker moved to a higher security prison in Wisconsin

Thu, 09 Feb 2012 13:33:56 -0500

Denny Hecker addressed the media outside of ?the U.S. Court House in Minneapolis on Thursday afternoon. Hecker pleaded not guilty Thursday afternoon to federal charges that he defrauded Chrysler ...

Calpine nixes Mankato plant sale

Thu, 09 Feb 2012 13:33:46 -0500

Houston-based energy giant Calpine Corp. has reportedly shelved plans to sell its natural gas plant in Mankato. The company told the Mankato Free Press that it could not find a buyer with an ...

Groupon stock plunges on growth worries

Thu, 09 Feb 2012 13:31:57 -0500

NEW YORK -; Groupon had a lot to prove with its first earnings report as a public company. The 12 percent slide in its stock Thursday suggests investors wanted more. The online deals site on ...

FAQ for borrowers on CA's $18B deal with banks

Thu, 09 Feb 2012 13:31:54 -0500

Borrowers who are struggling to pay their mortgages, are facing imminent foreclosure, or have been foreclosed upon may have a shot at benefits through ...

Wholesale inventories rose 1 percent in December

Thu, 09 Feb 2012 13:31:51 -0500

In this Feb. 7, 2012 photo, Costco members pump gas outside a Costco Wholesale store in West Homestead, Pa. Wholesale businesses increased their stockpiles sharply in December although the gains are ...

Oracle to pay $1.9B for personnel software co.

Thu, 09 Feb 2012 13:31:44 -0500

NEW YORK -; Oracle is paying $1.9 billion for Taleo Corp., a company that helps businesses manage their employees. The planned purchase of Taleo extends Oracle's offerings in the growing ...

Coca-Cola Enterprises Q4 Profit Rises; Backs 2012 Outlook

Thu, 09 Feb 2012 13:30:47 -0500

News ) beverages, reported Thursday a profit for the fourth quarter that increased from last year, reflecting revenue growth amid solid volume growth. Adjusted earnings per share matched ...

Australian Market Drifts Lower On Weak Earnings Reports

Thu, 09 Feb 2012 13:29:35 -0500

2/8/2012 8:38 PM ET (RTTNews) - The Australian stock market is trading notably lower on Thursday with investors pressing sales in several front line stocks across various sectors following some ...

Apple to launch iPad3 in March

Thu, 09 Feb 2012 13:24:32 -0500

CUPERTINO, Calif. -- Apple will hold an event in March to launch its next iPad, AllThingsDigital reported Thursday, citing sources.Sources said the company has chosen the first week in March to ...

Mets owners seek help from Supreme Court

Thu, 09 Feb 2012 13:24:27 -0500

WASHINGTON - The owners of the Mets want the Supreme Court to get involved in their attempt to recover money from Bernard Madoff’s Ponzi scheme. Sterling Equities Associates, which owns the ...

Pair of Ford execs to retire, Huntsman to join board

Thu, 09 Feb 2012 13:24:22 -0500

DEARBORN, Mich. -- Ford announced Thursday the retirement of Lewis Booth, its chief financial officer, as well as global products chief Derrick Kuzak.Dearborn, Mich.-based Ford also unveiled the ...

Weekly jobless claims fall 15K, better than expected

Thu, 09 Feb 2012 13:24:19 -0500

WASHINGTON -- The number of Americans filing initial claims for state unemployment benefits fell by 15,000 to a seasonally-adjusted 358,000, the Labor Department said Thursday.A survey of economists ...

Greece reaches deal on austerity cuts demanded by creditors to release $173 billion bailout

Thu, 09 Feb 2012 13:24:16 -0500

ATHENS, Greece - Greece has reached a tentative agreement on new austerity cuts demanded by creditors to release a (euro) 130 billion ($173 billion) bailout, hours before a crucial meeting of ...

PepsiCo reports better-than-expected fourth quarter earnings as company says it will cut 8,700 jobs

Thu, 09 Feb 2012 13:24:12 -0500

PepsiCo plans to cut 8,700 jobs, or about 3 percent of its workforce, as it seeks to offset high commodity costs and increases investment in advertising and marketing in North America. The maker of ...

Groupon shares slammed in after-hours trading after deals company posts unexpected fourth-quarter loss

Thu, 09 Feb 2012 13:24:09 -0500

Groupon shares got slammed in after-hours trading last night, tumbling 15.58 percent after the daily deals titan posted an unexpected loss in the fourth quarter.The company, which had been dogged in ...

NY AG joins $25B foreclosure settlement

Thu, 09 Feb 2012 13:24:06 -0500

After 16 months of heated negotiations and arm-twisting, state and federal officials did it: They reached an agreement that could bring some financial relief to millions of homeowners whose ...

Caesars selling properties to raise $500 million

Thu, 09 Feb 2012 13:24:03 -0500

EXCLUSIVE Caesars Entertainment shares soared 71 percent in their debut yesterday - but quietly, behind the glitz, America’s largest casino chain is selling some properties to raise $500 ...

Sorghum project to shore up farmers’ earnings in Siaya County

Thu, 09 Feb 2012 13:20:44 -0500

PHOTO/ FILE A sorghum farm. Siaya County farmers are set to benefit from a new sorghum growing venture piloted by EABL in conjunction with the Ministry of Agriculture and ...

Kodak moments are coming to an end

Thu, 09 Feb 2012 13:20:16 -0500

The company that invented home photography has tossed in the towel on it.Eastman Kodak, the bankrupt inventor of the hand-held camera, plans to stop making digital cameras, pocket video cameras and ...

Gold rises as euro gains against the dollar

Thu, 09 Feb 2012 13:16:25 -0500

SAN FRANCISCO (MarketWatch) -- Gold futures rose Thursday as news that Greek officials had reached the austerity deal on which new loan funds are predicated buoyed the euro and as European central ...

Hess up, Noble Energy down; energy stocks rise

Thu, 09 Feb 2012 13:16:18 -0500

NEW YORK (MarketWatch) -- Shares of Hess Corp. led gains among petroleum producers as the broader energy sector moved mainly higher Thursday, but some oil drillers ...

U.S. stocks edge up after Greek deal

Thu, 09 Feb 2012 13:16:11 -0500

NEW YORK (MarketWatch) -- U.S. stocks stepped modestly higher Thursday, with the S&P 500 index returning to a seven-month high, as investors tried to gauge the impact of a Greek austerity ...

Yen Falls as Japanese Economic Data Falters More than Expected

Thu, 09 Feb 2012 13:16:05 -0500

Japanese Machine Orders fell 7.1 percent since last month and rose 6.5 percent since last year > Economic data is weaker than what analysts expected ...

Oil gains for a third day on Greece, jobs

Thu, 09 Feb 2012 13:16:05 -0500

SAN FRANCISCO (MarketWatch) -- Crude-oil futures advanced for a third day, as an austerity agreement in Greece and a decline in U.S. jobless claims fanned hopes of greater ...

Updates, advisories and surprises

Thu, 09 Feb 2012 13:16:01 -0500

-15.58% shares tumbled as much as 17% at the open Thursday after equity analysts at Benchmark cut their rating on the online travel site to hold from buy. The move follows TripAdvisor's release ...

Treasurys slip as Greece deal seen near

Thu, 09 Feb 2012 13:15:52 -0500

"This deal certainly eases some of the near-term risks to the market, making high quality instruments like Treasurys slightly less appealing," said Kevin Giddis, president of Morgan ...

Cisco leads techs lower as Apple, Akamai gain

Thu, 09 Feb 2012 13:15:47 -0500

SAN FRANCISCO (MarketWatch) -- Cisco Systems Inc. and Groupon Inc. led a decline in tech stocks Thursday, offset somewhat by strong gains for shares of Akamai Technologies and a further advance for ...

Thursday’s biggest gaining and declining stocks

Thu, 09 Feb 2012 13:15:43 -0500

Bank of England's latest stimulus The Bank of England said it will buy another £50 billion ($79.1 billion) of U.K. government bonds with the aim of shoring up the fragile ...

Greece, central banks, jobless claims in focus

Thu, 09 Feb 2012 13:15:33 -0500

European Central Bank , meanwhile, offered no surprises and held steady on its key lending rate. A press conference with ECB President Mario Draghi will likely shed further light on the central ...

Rio Tinto reports 59% slump in earnings

Thu, 09 Feb 2012 13:05:27 -0500

Anglo-Australian mining giant Rio Tinto yesterday unveiled a 59 percent slump in annual net earnings to $5.8 billion and its chief refused his bonus due to write-offs from its aluminium business.An ...

Tom Albanese didn't deserve a bonus. But he does deserve a little credit

Thu, 09 Feb 2012 13:05:24 -0500

Rio Tinto , received a bonus when he kept his job. His bet on Alcan in 2007 started to go sour almost from the moment $38bn in cash left Rio's coffers. The miner is still counting its losses on ...

Tate and Lyle turns sour after debt worries, while FTSE edges high on Greek hopes

Thu, 09 Feb 2012 13:05:17 -0500

led the FTSE 100 fallers after a disappointing trading update which pointed to higher than expected debt levels.The maker of Splenda sweetener said operating profit in the third quarter was in line ...

Terror group members who planned to bomb London Stock Exchange jailed

Thu, 09 Feb 2012 13:05:00 -0500

London Stock Exchange and build a terrorist training camp have been jailed.Three of the Islamist extremists, who planned to raise funds for the camp in Pakistan and recruit Britons to attend it, ...

Eurozone 'owes pharmaceutical companies €12bn for medicines'

Thu, 09 Feb 2012 13:04:55 -0500

Pharmaceuticals companies are owed EUR12bn (10bn) for unpaid medicine bills in the eurozone - half of that in Spain - according to a senior executive, who said that the industry was counting on the ...

The wrong kind of rebalancing

Thu, 09 Feb 2012 13:04:49 -0500

For policymakers who have been eagerly awaiting a "rebalancing" of the UK economy for at least five years now, it's welcome news that our trade gap with the rest of the world narrowed ...

Recession has made British audiences more conservative, says playwright

Thu, 09 Feb 2012 13:04:42 -0500

Why play it safe? playwright Simon Stephens finds it troubling that audiences have become more conservative since the recession. Photograph: Eamonn ...

A Glencore-Xstrata merger threatens the world's poorest | CP Chandrasekhar

Thu, 09 Feb 2012 13:04:36 -0500

are set to merge . The outcome would be a commodities conglomerate integrating production and trade valued at about $90bn. Yet that number does not adequately reveal the power the combined company ...

The logic of a Thomson Reuters takeover of the Financial Times | Michael Wolff

Thu, 09 Feb 2012 13:04:29 -0500

Thomson Reuters -where, it seems, just about every journalist of a certain age and experience is going to work, or wants to go to work - drops a passing remark about how, at Thomson Reuters, they ...

Amazon Publishing bookshop boycott grows

Thu, 09 Feb 2012 13:04:20 -0500

booksellers and Amazon has hotted up this week, with the booksellers joining together to announce that they will not be selling any of the titles published by the online retailer.The opening salvo ...

what the economists say

Thu, 09 Feb 2012 13:04:04 -0500

Economists say they are encouraged by recent manufacturing data. Pictured: Cadbury creme eggs move down the production line at the chocolatier's factory in Birmingham. Photograph: Simon ...

India-UK relations are founded on more than the Eurofighter Typhoon | Jo Johnson

Thu, 09 Feb 2012 13:03:58 -0500

No country has been more assiduously targeted by the UK's ambitious new commercial diplomacy than India. David Cameron and five other cabinet ...

UK home repossessions fall to four-year low, says CML

Thu, 09 Feb 2012 13:03:43 -0500

Council of Mortgage Lenders (CML), but the organisation warned there will be "a higher number of people facing more serious problems in 2012".The total number of homes taken into ...

BG cuts back on fracking for shale gas as prices slide

Thu, 09 Feb 2012 13:03:36 -0500

BG will slash its shale gas production as prices slide. Pictured: a natural gas drilling platform owned by its US rival Chesapeake. Photograph: Robert ...

Aquarius Platinum falls after production problems in South Africa hit its results

Thu, 09 Feb 2012 13:03:31 -0500

has fallen 5.9p to 156.6p after the company said revenues for the six months to December fell 25% to $253m, with production down 14% after safety stoppages and other problems at its South African ...

Recession fears ease as manufacturing rebounds strongly

Thu, 09 Feb 2012 13:03:27 -0500

Manufacturing output rose five times faster than expected , up by 1% on the month in the strongest growth for seven months, according to the Office for National Statistics.But economists cautioned ...

The Role of Women on Wall Street Fuels Another Debate Over Job Titles

Thu, 09 Feb 2012 13:00:49 -0500

FINRA Fines and Suspends Client Associate For Altering IPO Forms .'; In addition to analyzing the underlying Financial Industry Regulatory Authority (';FINRA';) settlement of ...

Draghi says economic outlook has improved but subject to downside risks

Thu, 09 Feb 2012 13:00:44 -0500

European Central Bank President Mario Draghi told a press conference in Frankfurt today following the decision of the governing council to leave the benchmark rate unchanged at 1% that the ...

Obama administration announces $25bn foreclosure deal with 5 mortgage banks; Weekly jobless claims dip

Thu, 09 Feb 2012 13:00:38 -0500

Obama administration announces $25bn foreclosure deal with 5 mortgage banks; Weekly jobless claims dip By Finfacts Team Feb 9, 2012 - 4:28 PM ...

Ban on Insider Trading by Congress Passes House

Thu, 09 Feb 2012 12:49:44 -0500

But critics from both parties accuse House Republican leaders of caving in to investment firms by eliminating a proposal to regulate people who try to pry financial information from ...

401 Balances Little Changed Over 2011

Thu, 09 Feb 2012 12:49:38 -0500

BOSTON - Workers stashed money away in their 401(k) retirement plans at a faster clip last year but didn't get an immediate reward for their savings strategy. Fidelity Investments, the ...

Top Fashion Stocks for 2012

Thu, 09 Feb 2012 12:49:31 -0500

Twice a year, fashion designers and industry experts from around the world converge for runway shows in New York, London, Paris and Milan to show off and take in the newest looks for thespring and ...

Jobless Claims Drop 15,000, Stay on Downward Trek

Thu, 09 Feb 2012 12:49:25 -0500

The move represented a drop of 15,000 from the previous week's total. Claims have been a fairly steady trend lower, reflected last week in the Labor Department's announcement that the ...

White House's Jobs Forecast Out of Date as It's Issued

Thu, 09 Feb 2012 12:49:18 -0500

estimates that his administration will release next week underpin its forecasts on the path of budget deficits and the national debt. But the economic assumptions, including the jobless rate and ...

Two Top Ford Executives Set to Retire

Thu, 09 Feb 2012 12:49:02 -0500

executives who helped steer the U.S. automaker through the financial crisis will retire by April 1, thinning the ranks of potential candidates who could replace Chief Executive Alan Mulally in ...

EU Officials Try to Coax India Into Iran Faceoff

Thu, 09 Feb 2012 12:48:38 -0500

European Union officials are moving to ask India to further intensify the pressure on Iran to abandon its nuclear program. India, which imports 12 percent of its oil from Iran, has not jumped on the ...

State-by-State Decisions on Gay Marriage Produce Patchwork Quilt

Thu, 09 Feb 2012 12:47:11 -0500

Feb. 9 (Bloomberg) -- The patchwork quilt of U.S. state laws on same-sex marriage, which Washington is now poised to legalize, leaves gay and lesbian Americans with different rights depending on ...

T. Rowe Owning Facebook Shares Bets This Will Be Different

Thu, 09 Feb 2012 12:47:08 -0500

Feb. 2 (Bloomberg) -- T. Rowe Price Group Inc. has posted a profit every quarter since going public in 1986, in part because the firm sat out the dot-com boom in the 1990s and scaled back mortgage ...

EnPro earnings down for 4Q, year

Thu, 09 Feb 2012 12:45:29 -0500

EnPro Industries Inc. reports fourth-quarter net income of $2.6 million, or 12 cents per diluted share, down from $6.3 million, or 30 cents per share, in the same period of 2010. The results ...

Floating mortgages help big banks to lift earnings

Thu, 09 Feb 2012 12:30:18 -0500

New Zealand's five major banks enjoyed core earnings growth of 25 per cent in the second half of their 2011 financial years compared with the previous six months, almost entirely due to the move ...

What the mortgage settlement means to you

Thu, 09 Feb 2012 12:29:37 -0500

a $25 billion settlement reached by state and federal officials with the nation's biggest banks.The short answer is, you probably won't know right away.According to details laid out ...

Jobless claims drop to almost a four-year low

Thu, 09 Feb 2012 12:29:34 -0500

The U.S. labor market got another jolt of good news Thursday when the government reported new claims for jobless benefits dropped to almost the lowest they have been in four ...

Postal Service posts $3.3 billion loss

Thu, 09 Feb 2012 12:29:30 -0500

By msnbc.com staff and wire report The U.S. Postal Service reported quarterly losses of $3.3 billion, and says that at the rate it's going, it will run out of money by October.The agency was ...

Gen Y remains upbeat, thanks to mom and dad

Thu, 09 Feb 2012 12:29:27 -0500

It’s a lot of positive thinking for a group that has had sustained double-digit unemployment. At the end of last year the jobless rate among workers aged 18 to 24 was 16.3 percent, compared to ...

Banks, Fed settle on $766.5M foreclosure fines

Thu, 09 Feb 2012 12:29:09 -0500

WASHINGTON  — The Federal Reserve announced on Thursday that as part of the larger $25 billion foreclosure settlement agreed to by U.S. banks and states that it was imposing penalties ...

Tassimo coffee makers recalled over burn risk

Thu, 09 Feb 2012 12:29:04 -0500

Home-brewed coffee lovers, take note: More than a million popular coffee makers are being recalled after dozens of reports of the brewers spraying hot liquid, coffee grounds or tea leaves onto ...

'Undercover' lessons surface for female CEOs

Thu, 09 Feb 2012 12:28:55 -0500

The CEO's waterworks probably made the boys in the boardroom wince. After all, the "guys on my team" had previously asked Dina Dwyer-Owens not to cry during speeches, she said. But ...

Ford CEO Mulally stays on amid executive shakeup

Thu, 09 Feb 2012 12:28:50 -0500

By Paul A. Eisenstein, The Detroit Bureau Two of the most senior and respected members of the Ford Motor Co. management team will retire, the automaker announced Thursday morning. But CEO Alan ...

Engineer who gave Obama resume still jobless

Thu, 09 Feb 2012 12:28:47 -0500

A Fort Worth semiconductor engineer who sent his resume to the president after a social media chat is still looking for work. Darin Wedel, who was laid off three years ago, has turned down ...

Groupon surprises by failing to net a profit

Thu, 09 Feb 2012 12:28:43 -0500

Groupon has surprised Wall Street by failing to make a profit since becoming a publicly-traded company in late 2011.The daily deals website’s first earnings ...

Stocks higher after Greek leaders clinch deal

Thu, 09 Feb 2012 12:28:40 -0500

U.S. stocks moved higher Thursday after Greek leaders clinched a long-stalled deal on reforms and data indicated the U.S. labor market continued to improve.Futures reversed losses and turned ...

Microsoft hints at Windows 8 consumer beta in February

Thu, 09 Feb 2012 12:26:24 -0500

Microsoft may launch the consumer preview (read: "open beta") of Windows on February 29th. Members of the press recently received an invitation to a special Windows 8 customer preview ...

Kodak closing camera division

Thu, 09 Feb 2012 12:24:30 -0500

Kodak says it will leave the industry that it created by closing its camera division as it attempts to rebuild under bankruptcy protection. The Rochester, N.Y.-based company says it will stop ...

BCE earnings rise 53% on smartphones, media properties

Thu, 09 Feb 2012 12:24:27 -0500

George Cope, chief executive of BCE, holds up a new Samsung tablet. BCE posted a 53% jump in earnings in its latest quarter. (Ryan Remiorz/Canadian ...

Record Orders Boost Profits For Rolls-Royce

Thu, 09 Feb 2012 12:14:44 -0500

The aerospace engineering company made over 1.16bn in 2011 and said it expects to deliver further growth in 2012. Its order book grew to a record 62.2bn, up 5%, helped by significant orders from ...

Diageo 'Cautious' As UK Drinks Sales Decline

Thu, 09 Feb 2012 12:14:42 -0500

The firm, which owns whisky, beer and vodka brands such as Johnnie Walker and Smirnoff, said sales in the UK were falling behind the rest of Europe. But despite the fall, Diageo posted a 12% rise ...

It Is 'Pro-Business' To Bash Bonuses

Thu, 09 Feb 2012 12:14:39 -0500

"He says that action to tackle big bonuses is 'anti-business'. It is not. "It is pro-business to demand responsibility at the top and an end to the something-for-nothing culture ...

PepsiCo's plan fails to quench market's thirst

Thu, 09 Feb 2012 11:56:19 -0500

PepsiCo, based in Purchase, New York, expects to cut 8,700 jobs, or 3 percent of its global workforce, across 30 countries as part of a plan to save an extra $1.5 billion over the next three ...

Big media buy back shares with cable TV cash

Thu, 09 Feb 2012 11:56:15 -0500

(Reuters) - Big U.S. media companies bought back record amounts of their own shares in the last year, with cash generated by cable television networks that drew strong viewership and advertising ...

Wall Street lower as Greece enthusiasm fades

Thu, 09 Feb 2012 11:56:12 -0500

NEW YORK (Reuters) - Stocks turned lower on Thursday as initial enthusiasm faded over a long-stalled Greek deal and data indicating an improving U.S. labor ...

KKR's earnings plunge on valuations

Thu, 09 Feb 2012 11:56:12 -0500

KKR.N ) reported a sharp decline in fourth-quarter earnings as a drop in carried interest, driven by mark-to-market valuations of its assets, more than offset higher fee ...

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