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Obama decides not to extend term of jobs council
President Barack Obama is letting his jobs council expire, cutting off one source of input from business leaders while unemployment remains stubbornly ...
Lohan seeks $1M from company over fashion line
Lindsay Lohan sued her former collaborators on a clothing line on Thursday, seeking more than $1.1 million and renewed control of the brand's ...
RIM shares down again after new BlackBerry launch
Research In Motion's stock gyrations reflect investors' key concern: Is the BlackBerry maker's new phone the company's savior or isn't it? THE SPARK: ...
Doritos to roll out chips in 'Taco Bell' flavor
Frito-Lay wants a bigger bite of Taco Bell's popular Doritos Locos Tacos. The snack food giant plans to roll out its Doritos in a "Taco Bell" flavor ...
Fiat Industrial sees growth from US unit merger
Italian heavy-duty vehicles maker Fiat Industrial reported a 20 percent increase in fourth quarter profit Thursday and forecast revenue would increase ...
Hostess picks lead bidders for Twinkies
Hostess has picked a lead bid for its famous Twinkies. The bankrupt company said late Wednesday that it has selected a joint offer from two investment ...
US challenges deal to merge Budweiser and Corona
The Justice Department filed a lawsuit Thursday to stop Anheuser-Busch InBev's proposed $20.1 billion purchase of Mexican brewer Grupo Modelo, which ...
LVMH cashes in on rising luxury goods demand
French luxury conglomerate LVMH Moet Hennessy Louis Vuitton confirmed Thursday that it's recession-proof: Net profit rose 12 percent last year, as ...
Poland: No proof yet horsemeat came from country
Poland is conducting DNA tests on meat samples at seven facilities to see if any are the source of horsemeat discovered this month in Irish-produced ...
Diageo net profit rose 61 percent
Distiller Diageo PLC's net profit rose to 1.54 billion pounds ($2.43 billion) in the six months ending on Dec. 31, up 61 percent on the same period ...
Q4 profit up to $543 million for Spain's Santander
Spain's Banco Santander says it made a net profit of €401 million ($543 million) for 2012, up from €47 million for the same period a year earlier, but ...
Deutsche Bank posts steep Q4 loss of $2.9 billion
Reducing the value of assets and lawsuit expenses pushed Deutsche Bank into a big and unexpected fourth quarter loss of €2.15 billion ($2.91 billion).
Shell earnings rise in Q4 on refining turnaround
Royal Dutch Shell PLC said Thursday it plans to continue investing aggressively in new projects in the coming years, as it sees a bright future for ...
Constellation sinks as US sues to block beer deal
Shares of Constellation Brands sank Thursday after the U.S. Justice Department filed an antitrust lawsuit challenging Anheuser-Busch InBev's proposed ...
Aetna 4Q profit sinks 49 pct, medical costs climb
Aetna's fourth-quarter net income sank 49 percent as higher medical costs squeezed profitability for the insurer's commercial health coverage, and ...
Marlboro maker Altria 4Q profit up 32 percent
Marlboro maker Altria Group's fourth-quarter profit rose about 32 percent as it commanded higher prices for cigarettes and smokeless tobacco and ...
Dow Chemical sees deterioration in China in 4Q
Dow Chemical saw significant deterioration in key markets during the fourth quarter, particularly in China, and posted a wider fourth-quarter loss ...
Honda profit surges, trims forecast on China
Honda's quarterly profit surged nearly 63 percent as production recovered after disruptions from natural disasters, but the Japanese automaker ...
AstaZeneca in patent warning as net profit falls
Anglo-Swedish pharmaceutical company AstraZeneca PLC warned over expiring patents on its medicines as the company announced a 37 percent fall in ...
SKorea chaebol chief sentenced to 4 years prison
A South Korean court sentenced the chairman of the country's third-biggest conglomerate to four years in prison on Thursday for embezzling millions ...
Softbank 3Q profit doubles on iPhone sales
Japanese phone company Softbank, owned by billionaire Masayoshi Son, says its net profit more than doubled in the October-December quarter from a year ...
SKorea: Satellite working normally, sending data
The first satellite launched from South Korean soil is working normally, officials said Thursday, a day after Seoul achieved its space milestone ...
Facebook 4Q results surpass estimates, stock falls
Facebook delivered fourth-quarter results above Wall Street's expectations on Wednesday and sought to show that it has finally transformed into a ...
Judge mulls request to cut damages in Samsung case
It's a billion-dollar intellectual property question that has yet to be answered: Will a $1.05 billion damage award against Samsung Electronics Inc.
New BlackBerry won't be released in US until March
Research In Motion Ltd. unveiled new, versatile BlackBerrys after excruciating delays allowed Apple, Samsung and others to build commanding leads in ...