Business News
-
United Technologies merger will require asset sale
Tweet Share on Facebook 9:59AM July 26, 2012 CommentWASHINGTON (AP) — The Justice Department said Thursday that United Technologies Corp. must sell some assets in order to proceed with its purchase of aerospace-parts maker Goodrich Corp. in an $18.4 billion deal that is the largest merger in aircraft industry history.
-
EFG Hermes to open up further over Qatar deal
Tweet Share on Facebook 9:36AM July 26, 2012 CommentDUBAI, United Arab Emirates (AP) — Egyptian bank EFG Hermes says the country's financial regulator is requiring it to provide additional information to shareholders before it signs off on a deal for the lender to combine some operations with Qatar's QInvest.
-
Volkswagen Q2 earns jump 18 percent
Tweet Share on Facebook 9:12AM July 26, 2012 CommentFRANKFURT, Germany (AP) — Stronger demand from North America and the world's developing markets helped German automaker Volkswagen record an 18 percent jump in second-quarter earnings.
-
Tunisian economy makes tentative recovery
Tweet Share on Facebook 9:08AM July 26, 2012 CommentTUNIS, Tunisia (AP) — After a disastrous year in which revolution, social upheaval and strikes scared away tourists and crippled industrial production, Tunisia's economy is slowly climbing out of a deep recession that saw it shrink by 2 percent in 2011.
-
US jobless claims drop by 35,000 to 353,000
Tweet Share on Facebook 9:01AM July 26, 2012 CommentWASHINGTON (AP) — The number of Americans applying for unemployment benefits dropped by 35,000 last week, a figure that may have been distorted by seasonal factors.
-
Soda companies racing for a new sweet spot
Tweet Share on Facebook 8:49AM July 26, 2012 CommentNEW YORK (AP) — Coke and Pepsi are chasing after the sweet spot: a soda with no calories, no artificial sweeteners and no funny aftertaste.
-
More than medals: UK's Cameron seeks trade boost
Tweet Share on Facebook 8:45AM July 26, 2012 CommentLONDON (AP) — British Prime Minister David Cameron insisted Thursday he wants more than gold medals as London hosts the Olympics — he's hoping for a boost to the country's stalled economy as well .
-
Q2 profits for Norway's Statoil edges down
Tweet Share on Facebook 8:27AM July 26, 2012 CommentOSLO, Norway (AP) — Norwegian oil and gas group Statoil ASA on Thursday posted a marginal 2 percent fall in second-quarter profits, dipping largely on the back of increased exploration and production costs.
-
Nomura CEO resigns in wake of insider scandal
Tweet Share on Facebook 8:09AM July 26, 2012 CommentTOKYO (AP) — Nomura CEO Kenichi Watanabe has resigned in the wake of an insider trading scandal that has tarnished the reputation of Japan Inc. and its biggest investment bank as regulators worldwide clamp down on unethical practices in the banking industry.
-
Hyundai Motor logs record profit on overseas sales
Tweet Share on Facebook 6:20AM July 26, 2012 CommentSEOUL, South Korea (AP) — Hyundai Motor Co. posted a record quarterly profit as new models perked sales in overseas markets despite slowing economic growth.
-
S. Korean economic growth falls to near 3-year low
Tweet Share on Facebook 6:18AM July 26, 2012 CommentSEOUL, South Korea (AP) — South Korea's economic growth fell to a nearly three-year low in the second quarter as exports and capital expenditures shrank due to a slowdown in China and debt-saddled Europe, reinforcing views that the central bank will further reduce borrowing costs to prop up the economy.
-
Generics knock AstraZeneca Q2 earnings by 24 pct
Tweet Share on Facebook 6:09AM July 26, 2012 CommentLONDON (AP) — Pharmaceutical maker AstraZeneca PLC says its net profit fell by 24 percent in the second quarter compared to a year ago as the company lost exclusivity on some of its leading products.
-
Survey: German consumer confidence stable
Tweet Share on Facebook 6:06AM July 26, 2012 CommentBERLIN (AP) — Consumer confidence in Germany remains stable despite increasing worries that Europe's biggest economy will be dragged deeper into the region's debt crisis, a survey showed Thursday.
-
Italian yields rise on sovereign debt fears
Tweet Share on Facebook 5:53AM July 26, 2012 CommentMILAN (AP) — Investor concern about Italy's ability to return its sluggish economy to growth push the country's borrowing costs up to their highest level since November in a sale of two-year bonds.
-
Unilever grows sales in spite of EU slowdown
Tweet Share on Facebook 5:41AM July 26, 2012 CommentAMSTERDAM (AP) — Unilever PLC, the maker of Lipton tea, Ben & Jerry's ice cream, and Axe deodorants, said Thursday strength in developing markets and its personal care products lifted its first-half net profits.
-
China solar makers decry trade spat, urge dialogue
Tweet Share on Facebook 5:36AM July 26, 2012 CommentSHANGHAI (AP) — Chinese solar panel makers are urging Beijing to seek talks with the European Union over a dispute they say threatens to escalate into a trade war.
-
Siemens: Q3 profit disappoints, caution on outlook
Tweet Share on Facebook 5:28AM July 26, 2012 CommentBERLIN (AP) — Industrial conglomerate Siemens AG cautioned Thursday that the global economic slowdown will make it harder to reach its full-year targets as it reported worse-than-expected second-quarter earnings and a fall in new orders.
-
Profit at drugmaker Sanofi up 35 pct for 1st half
Tweet Share on Facebook 5:04AM July 26, 2012 CommentPARIS (AP) — Drugmaker Sanofi saw its net profit rise 35 percent in the first half of the year as it pushes into areas with long-term growth potential to off-set the expiration of profitable patents.
-
BSkyB full-year profit up 12 percent
Tweet Share on Facebook 4:48AM July 26, 2012 CommentLONDON (AP) — British Sky Broadcasting has reported a 12 percent increase in full-year net profit boosted by strong take-up of its offerings of television, broadband and telephone service.
-
Nissan profit down 15 percent, hurt by strong yen
Tweet Share on Facebook 4:22AM July 26, 2012 CommentTOKYO (AP) — Nissan said Thursday its quarterly profit fell 15 percent from a year earlier as the strong yen bit into car sales.
