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Updated: 4 years 4 months ago

Novo Nordisk Preps Obesity Drug

Tue, 12/03/2013 - 11:34am
Danish drug maker Novo Nordisk said it expects to file for U.S. regulatory approval for its new obesity drug "within weeks," in a bid to diversify a product portfolio that is focused on diabetes treatments.
Categories: Financial News

Commerzbank Raided in Tax Probe

Tue, 12/03/2013 - 11:22am
A spokesman for state prosecutors said the raids sought evidence of account holders evading taxes; the bank itself isn't suspected of wrongdoing.
Categories: Financial News

Yuan Advances in Use for Trade Finance

Tue, 12/03/2013 - 11:01am
The Chinese yuan has vaulted ahead of the euro and the Japanese yen to become the second-most heavily used currency in key trade finance instruments, data from financial technology firm Swift showed.
Categories: Financial News

Tally of U.S. Banks Sinks to a Record Low

Tue, 12/03/2013 - 10:47am
The number of banking institutions in the U.S. has dwindled to its lowest level since at least the Great Depression.
Categories: Financial News

Investor Tells Abercrombie: Replace CEO

Tue, 12/03/2013 - 9:17am
Engaged Capital says in letter Abercrombie needs to start searching for a successor to CEO Michael Jeffries. His contract is due to expire Feb. 1
Categories: Financial News

Chrysler U.S. Sales Rise 16%

Tue, 12/03/2013 - 8:11am
Auto maker's November U.S. auto sales jumped 16% from a year ago as the company reported strong demand for trucks, though car sales were lower.
Categories: Financial News

Brazil's Economy Posts Worst Performance in Two Years

Tue, 12/03/2013 - 7:26am
Brazil's third-quarter GDP contracts 0.5%, more than expected, on falling investments and a stagnating manufacturing sector.
Categories: Financial News

Bangladesh Factory Owners Wary of Pay Raise

Tue, 12/03/2013 - 7:25am
Millions of Bangladeshi garment workers got a pay raise over the weekend—but factory owners said the increase risks making the industry less competitive.
Categories: Financial News

OECD Global Inflation Rate Falls Further

Tue, 12/03/2013 - 7:08am
The annual rate of inflation across the world's largest economies fell for a third straight month in October, suggesting central banks may have to continue or further stimulus efforts to avert the threat of deflation.
Categories: Financial News

Potash Corp. to Cut Over 1,000 Jobs

Tue, 12/03/2013 - 6:40am
Potash Corp. of Saskatchewan Inc. said Tuesday it will cut about 18% of its workforce, or more than 1,000 jobs. The company cited slumping demand.
Categories: Financial News

Kurds, Turkey Forge Risky Oil Deal

Tue, 12/03/2013 - 6:10am
The autonomous Iraqi region of Kurdistan said it agreed to supply Turkey with oil through a pipeline in a landmark deal that raised tensions with Baghdad.
Categories: Financial News

Russia Lowers Growth Forecast

Tue, 12/03/2013 - 5:14am
The Russian economy is expected to grow at a historically low pace of 1.4% this year compared with initial expectations of 3.6% growth. The economy ministry also cut its growth forecasts for 2014 and 2015.
Categories: Financial News

Sony's PS4 Sales Top 2.1 Million Units

Tue, 12/03/2013 - 4:01am
Sony Corp. said Tuesday that global sales of its PlayStation 4 topped 2.1 million units in less than a month since its launch.
Categories: Financial News

Rio Tinto Curbs Spending to Cut Debt

Tue, 12/03/2013 - 3:57am
Miner Rio Tinto plans to cut capital spending to $8 billion in 2015 from around $14 billion this year, as it moves to slash debt accumulated during its global expansion.
Categories: Financial News

Europe Stocks Fall in Early Trade

Tue, 12/03/2013 - 3:26am
European stock markets slipped after strong U.S. economic data renewed expectations that the Federal Reserve could begin to scale back its stimulus program as early as this month.
Categories: Financial News

Chinese Banks Keep Bad Debt Levels Low by Rolling Over Loans

Tue, 12/03/2013 - 3:00am
Chinese banks are among the world's healthiest and most profitable, based on their financial statements. But some investors are skeptical about their low levels of bad debt.
Categories: Financial News

Pearson Buys Language Firm

Tue, 12/03/2013 - 2:40am
Pearson said it would buy one of Brazil's largest language school companies for $720 million to capitalize on rising demand as the country looks to learn English before the World Cup and Olympics.
Categories: Financial News

Student-Loan Servicers Face Scrutiny

Mon, 12/02/2013 - 11:02pm
Companies that collect payments on student loans will face stepped-up government scrutiny next year as a federal regulator examines whether they are breaking any laws or treating borrowers unfairly.
Categories: Financial News

Court Calls for Broader Review of BP Spill Funds

Mon, 12/02/2013 - 10:48pm
A federal-appeals-court ruling Monday might spare BP PLC from making hundreds of millions of dollars in compensation payments stemming from its 2010 Gulf of Mexico oil spill.
Categories: Financial News

Apple Taps Into Twitter, Buying Topsy

Mon, 12/02/2013 - 9:08pm
Apple has acquired social-media analytics firm Topsy Labs for more than $200 million, according to people familiar with the matter. The startup specializes in data from Twitter.
Categories: Financial News