Economy

News Corp. cuts outlook, shares fall
Media conglomerate News Corp. cut its forecast for annual earnings Wednesday, saying underperformance at several businesses including its Fox ...
Elan, Biogen change terms of Tysabri collaboration
Biogen Idec will take over full ownership of the multiple sclerosis treatment Tysabri from its partner Irish drugmaker Elan Corp. PLC in exchange for ...
Liberty Global to buy Virgin Media for $16B
Liberty Global Inc., the cable TV operator controlled by media mogul John Malone, is buying U.K.-based Virgin Media Inc. in a $16 billion deal that ...
Time Warner 4Q earnings up, raises dividend 11 pct
Time Warner Inc. said Wednesday that net income grew 51 percent in the last three months of 2012 even as revenue was largely unchanged. Rising fees ...
CVS Caremark's 4Q profit rises 6 percent
CVS Caremark's fourth-quarter earnings climbed 6 percent, as revenue from its established drugstores grew and new customers helped its pharmacy ...
Plywood maker Boise Cascade soars after IPO
Riding a U.S. housing recovery and a booming stock market, Boise Cascade, a maker of plywood and other building materials, jumped 25 percent in its ...
Ralph Lauren's 3Q profit up 27 pct
Ralph Lauren Corp. posted a 27 percent increase in its fiscal third-quarter profit as the designer clothing company enjoyed continued momentum in ...
Details of Saturday cuts planned in mail delivery
The Postal Service announced Wednesday that it planned to cut back to five-day-a-week deliveries for everything except packages. The details: — ...
Cash continues to surge into stock mutual funds
The newfound confidence that investors showed at the start of the year held up through the end of January, boosting cash flows into stock mutual funds ...
Fines levied against RBS in rate-fixing scandal
Britain's Royal Bank of Scotland became the third major bank to be caught up in a global probe of interest rate manipulation Wednesday, but what makes ...
Tired in Vienna? Nap for a price at new studio
One sleepy little side street in Vienna just got sleepier. Tucked behind a Gothic church and surrounded by Renaissance-era houses, a new studio is ...
ArcelorMittal blames Europe for Q4 loss
ArcelorMittal SA, the world's largest steelmaker, posted a near $4 billion loss for the fourth quarter, hurt by its ailing European business and a ...
THE RESET: GOP, Dems hold soul-searching retreats
Democrats and Republicans are trying to get their respective acts together — by holding retreats. President Barack Obama huddled with Senate Democrats ...
Spain's Iberia workers call strikes over layoffs
Labor unions representing most workers in Spain's Iberia airline have called 15 days of strikes to protest the company's plans to lay off 4,500 ...
Charity set up after RI fire has had modest effect
Months after they were sentenced for a 2003 fire at their Rhode Island nightclub that killed 100 people, Jeffrey and Michael Derderian set up a ...
Greek ferries sail as strikers forced back to work
Ferries set sail for Greek islands for the first time in a week Wednesday after the government invoked emergency powers to force striking seamen back ...
Germany takes steps to curtail risky trading
Germany wants to punish bankers who take excessive risks and require some banks to separate retail activity from riskier proprietary trading, ...
Oil down near $95 as US crude stocks seen rising
The price of oil fell to near $95 a barrel on Wednesday as a report suggested rising crude supplies in the United States. By early afternoon in ...
Europe dents Glaxo's Q4 profits
U.K. pharmaceutical company GlaxoSmithKline is looking to cut costs further this year as it reported a sharp drop in fourth-quarter profit on the back ...
Rupert Murdoch: Chinese are still hacking the WSJ
Wall Street Journal proprietor Rupert Murdoch says that Chinese hackers are still attacking his newspaper, suggesting the spying campaign against U.S.
German factory orders increase in December
German industrial orders increased in December, suggesting business is beginning to pick up in Europe's largest economy. The Economy Ministry said ...
Volvo truck sales and profits plunge in Q4
Swedish truck maker AB Volvo saw profits tumble in the fourth quarter as sales slumped 17 percent on weakening demand in key markets, the company said ...
Brakes become key issue in deadly Calif. bus crash
Investigators zeroed in on brakes as a possible cause of last weekend's deadly tour bus crash that killed seven people, including a 13-year-old boy ...
2 Great Lakes hit lowest water level on record
Two of the Great Lakes have hit their lowest water levels ever recorded, the U.S. Army Corps of Engineers said Tuesday, capping more than a decade of ...
China promises action on income gap
China's government has issued a sweeping pledge to narrow the politically volatile gulf between its rich and poor with measures including requiring ...