Business

June 27, 2010

18:36
Emergent BioSolutions and PharmAthene are in a pitched battle to supply the U.S. government with a next-generation anthrax vaccine.
Categories: Business
18:25
Actor Ashton Kutcher, who has a huge following on Twitter, will oversee social-marketing efforts for Popchips, one of the novel ways marketers are teaming up with Hollywood to promote their brands.
Categories: Business
18:08
Activity in the U.K.'s financial-services sector grew at the fastest rate since September 2007 over the last three months, and firms are increasingly optimistic that business will pick up further in the months ahead, the Confederation of British Industry said.
Categories: Business
17:44
Investment funds are raising their holdings of U.S. companies as they seek diversification from their volatile home market and see better growth prospects in the U.S. than elsewhere in the world.
Categories: Business
17:18
The wealthiest of the Group of 20 countries said they would halve their government deficits by the year 2013 and "stabilize" their debt loads by 2016, a signal of their seriousness about weaning themselves off stimulus spending.
Categories: Business
16:33
Reliance Communications agreed to sell the tower assets of its Reliance Infratel unit to Indian telecom infrastructure company GTL Infrastructure as it seeks to reduce its debt and fund expansion.
Categories: Business
16:13
U.K. Chancellor of the Exchequer George Osborne said European policy makers must ensure there is a clear plan for responding to what forthcoming bank stress tests reveal.
Categories: Business
16:13
Tropical Storm Alex headed overland toward the Gulf of Mexico, drenching Belize, northern Guatemala and Mexico's Yucatán Peninsula with torrential rains, but was expected to miss the oil-slicked region.
Categories: Business
15:20
Carrefour has started to cut the number of products its sells, in a bid to make the French supermarket operator's stores more appealing to shoppers.
Categories: Business
15:16
Just days after the U.K. announced a planned levy for its country's banks and urged other nations to follow suit, banks are marshalling their forces to lobby the government on ways to minimize the impact.
Categories: Business
10:46
The union representing British Airways' cabin crew said it would postpone a ballot on further strikes to consider a new offer from the airline.
Categories: Business
04:01
The Group of 8 industrialized countries agreed the global recovery remains "fragile" but made few suggestions about how to strengthen it, leaving the main decisions to the G-20 meetings in Toronto.
Categories: Business
02:52
Thomas Priore cast himself as a protector of investors' interests. Now he stands accused by the SEC of fraud involving mortgage-bond trades.
Categories: Business
02:50
Bucyrus International said it may lose a $310 million order for mining machinery from Reliance Power of India because of a decision by the U.S. Export-Import Bank against providing loan guarantees for the project.
Categories: Business

June 26, 2010

19:05
BP is on track to double the amount of oil collected from a leaking well in the Gulf of Mexico next week, but Tropical Storm Alex threatens to interrupt efforts to contain the spill for up to 14 days.
Categories: Business
16:53
U.S. Treasury Secretary Timothy Geithner called on the Group of 20 to focus fundamentally on strengthening near-term and midterm growth prospects.
Categories: Business
11:53
President Obama urged Congress to pass the financial-overhaul bill, saying Democrats were close to a triumph over Wall Street lobbyists and other opponents of the legislation.
Categories: Business
04:55
Toyota is recalling 17,000 Lexus sedans after the vehicle spilled fuel during a crash test.
Categories: Business
01:22
Hon Hai dorms in Shenzhen, China, will be run by property firms, as the electronics maker improves employee conditions where several suicides occurred.
Categories: Business

June 25, 2010

19:40
Isadore Sharp, credited with creating luxury branded hotels though his iconic Four Seasons Hotels Ltd., announced Friday he was stepping down as chief executive of the chain he founded 50 years ago.
Categories: Business