news aggregator

February 7, 2012

09:04
Boeing faces a potentially damaging disruption in financing of new aircraft deliveries due to a political fight in Washington over The Export-Import Bank of the United States.
Categories: Business
08:31
Moody's was expected to announce this week whether it will cut Nomura's debt rating as the Japanese brokerage struggles to bolster its global business.
Categories: Business
08:28
Lloyds is eliminating close to 1,000 U.K. positions and closing some offices, as the bank continues to reduce costs and streamline its business.
Categories: Business
08:25
GlaxoSmithKline said it expects to return to sales and margin growth this year despite missing earnings and sales forecasts for 2011's fourth quarter.
Categories: Business
08:09
Lagardère warned of a substantial impairment charge on its sports division, the latest setback in the media-to-defense conglomerate's much-vaunted plan to dominate the global sports-marketing business.
Categories: Business
08:07
Wal-Mart will spend about $753 million to expand its presence in Canada ahead of the opening of rival Target's first stores in the country early next year.
Categories: Business
07:39
Coca-Cola said its earnings fell 71% but sales and volume grew world-wide, continuing rapid expansion in emerging markets like China and India, while also getting a boost from higher prices.
Categories: Business
06:16
Swatch shrugged off the impact of the strong Swiss franc to report an 18% rise in full-year net profit and said it expects growth to continue this year
Categories: Business
05:11
Spain's three largest banks said they would set aside €7.54 billion in additional provisions for property risk this year in order to comply with a new government plan to clean up the country's financial sector.
Categories: Business
04:47
Drydocks World, Dubai's shipyard arm, is considering the sale of its entire Southeast Asian ship-building and repair operations in an effort to advance the restructuring of $2.2 billion of the company's debt.
Categories: Business
04:00
Singapore fined its two casino operators for breaches relating to the admission of unauthorized people into their casinos, the latest rap from a government anxious to limit the social impact of the nascent gambling scene on the island's five million inhabitants.
Categories: Business
03:47
The Indian unit of Russia's Sistema is preparing to file an appeal asking the Supreme Court to review its order cancelling the company's telecommunications licenses along with those of several others.
Categories: Business
03:44
UBS said it will slash investment-bank bonuses by 60% this year, while the head of the unit will forgo any bonus at all following a trading scandal last September that cost the bank $2.3 billion.
Categories: Business
03:39
Mahindra & Mahindra posted a worse-than-expected 10% fall in its third-quarter net profit from a year earlier when it had recorded an exceptional gain.
Categories: Business
03:02
BP raised its dividend for the first time since it resumed payouts in the wake of the Deepwater Horizon tragedy, as the U.K. energy giant reported earnings that beat expectations.
Categories: Business
02:24
India again cut its economic growth forecast for the current fiscal year to 6.9%, which will be the slowest in three years, as aggressive monetary tightening at home and a shaky global economy crimped industrial activity.
Categories: Business
02:24
Toyota lifted its full-year net income forecast, but expects its earnings to come in at nearly half the level of last year, and below the profitability projections of its main Japanese rivals.
Categories: Business
01:54
Xstrata plans to merge with Glencore to create a sector-straddling giant with a value of about $90 billion and the scale to produce and trade natural resources in five continents.
Categories: Business
01:01
ArcelorMittal, the largest steelmaker by volume and revenue, said slowing demand for steel led to a wider fourth-quarter loss from a year earlier and lower full-year results.
Categories: Business
00:51
Oracle rejected a $272 million award in its intellectual-property theft case against SAP, an expected move that sets the stage for a new trial between the bitter software rivals.
Categories: Business