Business

June 22, 2010

09:48
Lions Gate received the approval of its lenders to increase the change of control trigger on its revolving credit facility, removing a risk of default for now.
Categories: Business
09:46
Hotel and restaurant owner Whitbread reported a very strong start to the year Tuesday and said it is well placed for a U.K. recovery, though it doesn't expect the consumer climate to get any easier this year.
Categories: Business
09:37
Italy's Intesa Sanpaolo said it will delay the listing of its asset-gathering unit Banca Fideuram because of current unfavorable market conditions.
Categories: Business
09:36
J.P. Morgan Chase shuffled its top ranks for the second time in nine months, moving a potential successor to CEO James Dimon into a job running one of the bank's big businesses.
Categories: Business
09:08
Carnival's earnings fell 4.5%, and the cruise-ship company warned fuel and currency expenses would damp earnings growth for the rest of the year.
Categories: Business
08:29
Germany, France and the U.K. said that they will introduce bank levies to offset the cost of future financial crises and will urge their counterparts from the G20 to do the same at a summit this week.
Categories: Business
08:24
Johnson & Johnson will pay $45 million up front and could pay more than $625 million in total to develop a type-1 diabetes drug created by Sweden's Diamyd Medical.
Categories: Business
07:33
As consumers in Asia and Latin America are becoming more affluent, Nestlé expects to generate about 45% of its overall sales from emerging markets by 2020.
Categories: Business
07:24
Walgreen earnings fell 11%, hurt by the elimination of a tax benefit, costs from its acquisition of Duane Reade and weak consumer spending.
Categories: Business
05:39
French bank Credit Agricole's Emporiki unit now expects to return to profit in 2012 -- instead of its previously forecast 2011 -- because of rising loan losses.
Categories: Business
02:03
British Airways agreed to a recovery plan with trustees at its pension schemes to address its pension deficit, bringing the airline closer to its planned merger with Iberia.
Categories: Business
01:32
Toyota said it suspended production at a car assembly plant in southern China because of a worker strike at a supplier, just days after the company resumed production at a separate Chinese plant disrupted by labor action.
Categories: Business
01:28
Dutch life insurance and pensions giant Aegon said it will further restructure its business in the U.K. and plans to sell its life reinsurance business in the U.S. to focus more on its core activities.
Categories: Business
01:00
Samsung Mobile Display said it will invest about $2.1 billion in a new production line for mobile-phone displays as it tries to meet surging demand for smartphones.
Categories: Business

June 21, 2010

22:25
Structural cracks discovered recently on at least two American Airlines Boeing 767 jetliners, including one jet that air-safety regulators believe easily could have lost an engine, are prompting concerns that some of the problems may turn out to be more widespread.
Categories: Business
21:53
The administrator of the $20 billion fund for financial victims of the oil spill, is racing to speed up the system that BP initially put in place to compensate Gulf residents and businesses.
Categories: Business
20:31
The oil industry is pointing to damage to the state's big employers to bolster its argument for continued exploration offshore.
Categories: Business
20:24
Wal-Mart launched a public-relations campaign ahead of a Chicago City Council committee vote, vowing to build "several dozen stores" and creating 12,000 jobs in the city over the next five years.
Categories: Business
19:54
Álcoa is spending $1.5 billion to create a new, low-cost bauxite mine in Brazil to reduce its operating costs down the road.
Categories: Business
19:46
States are going after agents involved in stranger-originated life insurance, policies that older people take out and sell to investors.
Categories: Business