 Reversing trend, China's inflation rises to 4.5 per centBEIJING - 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.
Inflation in December was... | |
 Unremarkable moves on Wall StreetU.S. stocks spent the day see-sawing Wednesday as events in Greece kept industrial stocks on edge, while the geek-sector was helped by the record $5 billion IPO for Facebook.
Shares in the oil and... |
 Settlement reached in 15 more phone hacking casesLONDON - 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... |
 In 2011 German exports edged past trillion euros mark 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... |
 Shareholders force Yahoo board shake upSAN 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... |
 Aviation safety agency orders inspection of entire A380 fleetSYDNEY - Australia's flag carrier Qantas Airways Ltd. said Wednesday it has pulled one of its A380 super jumbos out of service after cracks were discovered in its wings, despite Airbus assuring that... |
 Weaker commodities price see BHP Billiton profits dipMELBOURNE - Global mining major BHP Billiton is planning a rethink on its focus areas for investments including the American shale gas venture, with weakening global commodity prices pulling down the... |
| US stocks edge higher on Greece hopes US stocks edged higher Wednesday as investors were still hoping the debt talks in Greece will be resolved, Xinhua reported.
Despite the hopes, some investors were concerned that as the talks dragged... |
| US stocks slip The US stocks slipped in midday trading Wednesday as investors' concerns mounted amid prolonged debt talks in Greece.
The Dow Jones industrial average fell 30.05 points, or 0.23 percent, to... |
| CAW begins talks on closing Ontario Caterpillar plant The Canadian Auto Workers (CAW) union began talks with Caterpillar subsidiary Electro-Motive Diesel Tuesday on an agreement to close its London, Ontario, plant. Last Friday, Caterpillar announced... |
| Fight Ontario Caterpillar plant closure! Unite North American workers against wage-cutting! Caterpillar's decision to close its London, Ontario locomotive plant exemplifies the ruthlessness of big business and the urgency of workers in North America and around the world uniting their... |
| Rio Tinto earnings down 59% on aluminium writedown SYDNEY (AFP) - Anglo-Australian mining giant Rio Tinto on Thursday 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... |
| Microsoft Appoints Ipsen as Corporate Vice President of Worldwide Public Sector REDMOND, Wash. - Microsoft Corp. announced in a press release that Laura K. Ipsen will join the company as corporate vice president of Microsoft's Worldwide Public Sector organization. She will... |
| Legs: A new use for Medtronic stent? Considering that the use of stents in the treatment of patients with blocked blood vessels in the legs is a growing market -- an estimated 8 million Americans suffer from peripheral arterial disease... |
| Macy's sues to keep Stewart out of J.C. Penney NEW YORK - When J.C. Penney announced in December that it had cut a deal to carry Martha Stewart-branded home goods in its stores, it didn't take Macy's long to say: Wait a minute, Martha. ... |
| $25 billion deal reached to help struggling homeowners More than 2 million Americans could benefit from at least $25 billion in relief from the nation's biggest banks as part of a broad government settlement to be announced as early as Thursday,... |
| CEO pay watch: Toro's Hoffman: $5 million Note: Toro's sales rose 11.5 percent to a record $1.9 billion, while earnings per share increased even faster -- up by 32.6 percent from 2010 to $3.70 per share. That performance helped Hoffman... |
| Quarterly loss hurts Groupon shares Groupon, the daily deals site, seemed a bit less like a deal Wednesday. In its first earnings release as a public company, Groupon reported a fourth-quarter loss of $9.8 million on an adjusted... |
| As prospects for Greece deal rise, so do stocks NEW YORK - Stocks staged an afternoon-long rally and closed higher Wednesday as Greece appeared to close in on the cost-cutting deal it needs to keep from defaulting on its national debt. The Dow... |
| Select Comfort dials up surprising profit growth Specialty mattress maker Select Comfort Corp. beat fourth-quarter earnings expectations by 5 cents a share Wednesday, and attributed much of the gain to national advertising that raised awareness of... |
| Group suing to force FTC's hand on Google SAN FRANCISCO - A consumer watchdog has escalated its efforts to block Google from rolling out a controversial new privacy policy that would allow the Internet search giant to harvest more... |
| Lenovo 3Q profit up by half, warns of disk supply HONG KONG -; Lenovo Group Ltd., the world's second biggest personal computer maker, said Thursday that quarterly profit grew by more than half but warned hard drive costs would remain high amid... |
| Will Sempra customers pay $463M for fire costs? Sempra Energy is assuring investors that its San Diego-area utility customers will pay for nearly all of an estimated $463 million in costs not covered by insurance from the catastrophic 2007... |
| Eagle Creek: Cases suited for everything "We design solutions for travelers, so for us, this is what we do," says Candyce Johnson, the vice president of marketing and merchandising at Eagle Creek with acting company president... |
| Boxer presses for San Onofre probe Sen. Barbara Boxer has asked the Nuclear Regulatory Commission for a comprehensive review of the radiation leaks at the San Onofre nuclear power plant, to determine how widespread the problems might... |
| Facebook discloses details on bonuses NEW YORK -; Facebook's top executives, including CEO Mark Zuckerberg, are eligible for twice-a-year bonuses of up to 45 percent of their base salaries and other earnings, according to a... |
| "Top Chef" about to open fourth eatery Next Seafood, Italian and a modern-day twist on classic American comfort food are among the concepts that restaurateurs are betting on in the coming months when they debut their new eateries.Fresh... |
| PETA's whale slavery suit tossed SAN DIEGO -; Shamu and his whale pals at SeaWorld are staying put, despite efforts by People for the Ethical Treatment of Animals to set them free.A federal judge dismissed on Wednesday a lawsuit... |
| Fears for 600 Alcoa jobs Union leaders have left a meeting with management of the Alcoa manufacturing plant confident they can save thousands of jobs that rely on its operations. Despite being hard-hit by the high... |
| Harry magic lifts Time Warner Harry Potter is dead; long live Harry Potter.Time Warner got a boost from its movie studio and cable TV networks in the fourth quarter, and the media company expects growth to continue even with the... |
| NBA lockout nicks MSG Madison Square Garden said that the shortened NBA season drove its second-quarter profit down nearly 22 percent.The lockout delayed the start of the regular basketball season by about two months. As... |
| East-wood drives for the green Clint Eastwood knows his limitations - and they apparently don’t include media startups.The 81-year-old Hollywood legend is investing an untold amount of his Tinseltown fortune to launch a golf... |
| Huge WTC retail deal The Port Authority’s board is expected to approve an agreement with global shopping center owner Westfield Group for a 50 percent stake in the World Trade Center’s sprawling retail space... |
| Battered Barneys abuzz with ‘B’ rumors The "B-word" is buzzing around Barneys New York again.The swanky retail chain has hired law firm Kirkland & Ellis, a bankruptcy and restructuring adviser, as it faces significant debts... |
| No home, but they still share "In my specialty, construction, there’s almost nothing out there," says Angelo, who used to make $25 an hour and bring home $700 to $800 a week.Some of the other residents of Tent... |
| News Corp. books 65% profit jump News Corp. said profit rose 65 percent in the most recent quarter, topping expectations, thanks to the strength of its cable television and filmed entertainment businesses. For the fiscal second... |
| Stanford moneyman points a finger HOUSTON - On the last day of his testimony, R. Allen Stanford’s former moneyman James Davis pointed a shaking finger at his one-time boss and said that if anyone wanted proof of the crimes he... |
| Another one bites the dust BURB APPEAL As I watched the yellow earth mover scooping out mounds of dirt, I crossed my fingers and hoped the folks who recently bought the house around the corner were making room for an... |
| Latest economic data released for Germany and France The German national statistics office has reported that German trade reached an export surplus record which estimated of €158 billion. As the world's second-biggest exporter behind China,... |
| Europe Markets: Europe stocks gain on Greek deal hopes LONDON (Marketwatch) -- European stock markets edged higher on Thursday, buoyed by banks and oil firms, while investors continued to follow developments in Greek debt... |
| 900 jobs on the cutting block as Alcoa reviews Geelong smelter operations Almost 1,000 jobs could be lost at Alcoa’s Geelong aluminium smelter due to the high Australian dollar, input costs and low metal prices, the company has... |
| Sam Venable: A Kodak moment to never forget Ever since last month, when an iconic camera and film company filed for bankruptcy protection, millions have been recalling important "Kodak moments" in their... |
| Imperial forecasts flat earnings Imperial announced on Wednesday that headline earnings per share (EPS) for the six months ending in December 31, 2011 were expected to come in between 2% to -2% compared with the previous... |
| Wall Street ends flat US stocks closed flat in another thinly traded session on Wednesday as Greece remained in a standstill over accepting tough reforms in exchange for a bailout critical to avoiding a chaotic... |
| Diageo dips on profit taking after cautious comments, but FTSE edges higher , the drinks group whose brands include Johnnie Walker and Guinness, has dipped as investors decided to take profits after cautious comments from the company.Its half year earnings per share rose 16%... |
| Rio Tinto's Albanese becomes latest FTSE boss to give up bonus Tom Albanese , who received salaries, bonus and benefits of $2.97m (1.87m) in 2010, has said he will waive his bonus entitlement after Rio was forced to take a $9.3bn charge, largely in relation to... |
| Credit Suisse fourth quarter losses much bigger than expected Credit Suisse Group has announced its first fourth-quarter net loss since 2008, posting negative returns of SFr637m (442m) that were far below what analysts had expected.Analysts' consensus... |
| Groupon loss disappoints Wall Street Groupon , the daily deals website, has disappointed Wall Street expectations of a return to profit by reporting a $43m (27m) fourth-quarter loss in its first set of results since joining the stock... |
| National Irish Bank's losses and deposits rose in 2011 Danske Bank Group today announced its financial results for the twelve months to 31 December 2011. Profit before tax was down 35% to EUR566m. Irish unit, National Irish Bank, reported an operating... |
