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Most Popular | Business
Facebook Gets Ready For Its IPO Filing
Sat, 28 Jan 2012 14:54:17 EST Facebook could file papers for an IPO as early as this coming week and is looking at a valuation of $75 billion to $100 billion. The social network is close to picking Morgan Stanley as the lead underwriter.--> Apollo in Talks for El Paso Unit Sat, 28 Jan 2012 16:27:30 EST A group led by private-equity firm Apollo Global Management has emerged as the lead bidder to acquire El Paso's oil-exploration unit for about $7 billion.--> Delta Weighs a US Air Deal Sat, 28 Jan 2012 04:37:08 EST Delta Air Lines is studying US Airways as a possible acquisition target as U.S. carriers prepare for a new round of consolidation.--> Spanair Shutdown Sparks Disruptions Sat, 28 Jan 2012 10:59:42 EST The Spanish airline canceled all of its flights Friday night and prepared to file for bankruptcy protection.--> New RIM Chief Plots Overhaul Sat, 28 Jan 2012 19:38:38 EST RIM's newly appointed CEO said he has embarked on a wide-ranging turnaround of the BlackBerry maker's operations that involves putting founder Mike Lazaridis in a more "visionary" role.--> Twitter's Censors Provoke Backlash Fri, 27 Jan 2012 19:06:03 EST After years of touting itself as a champion of free expression, Twitter touched off a torrent of criticism after it announced it can remove messages from the online service within specific countries if asked to do so.--> P&G's Profit Drops 49% Fri, 27 Jan 2012 19:19:29 EST Procter & Gamble posted a sharply lower profit for its fiscal second-quarter reflecting higher commodity costs and a hefty write-down for past acquisitions, including its $57 billion megadeal for Gillette.--> AMR Retirees Seek Bankruptcy Voice Fri, 27 Jan 2012 18:49:19 EST A group of AMR retirees are seeking formal representation in the airline's bankruptcy reorganization process.--> Eastman Chemical to Buy Solutia Fri, 27 Jan 2012 19:22:31 EST Eastman Chemical said Friday it has agreed to buy specialty-chemical maker Solutia Inc. for about $3.4 billion in a move that executives see paying off as auto, construction and consumer-electronics markets recover.--> Viacom Paid CEO $43 Million Last Year Fri, 27 Jan 2012 19:25:02 EST Viacom's three top executives received $46 million dollars in cash bonuses in the company's 2011 fiscal year.--> Ford Motor Profit Lifted by U.S. Sales, Tax Gain Sat, 28 Jan 2012 03:49:46 EST Ford reported a record fourth-quarter profit on a one-time tax allowance, though slower sales in Europe, growing pains in Asia and heightened competition at home signaled greater turbulence ahead.--> Chevron's Profit Edges Lower Fri, 27 Jan 2012 16:43:02 EST Chevron posted a 3.2% drop in profit, as a loss at its refining-and-marketing business offset higher oil prices.--> Express Scripts' Lipitor Move Shows Pressure on Pfizer Fri, 27 Jan 2012 20:48:13 EST Pharmacy-benefit manager Express Scripts will soon make an adjustment that raises out-of-pocket costs for some customers filling prescriptions of Pfizer's cholesterol-lowering drug Lipitor, underscoring the drug maker's challenge of keeping sales high in the face of generic competition.--> FDA Approves Pfizer Cancer Treatment Fri, 27 Jan 2012 19:29:35 EST U.S. regulators approved Pfizer's Inlyta drug for treating advanced kidney cancer, the latest of several drugs to be approved for the disease in recent years.--> EU Opens Probe of Air Venture Sat, 28 Jan 2012 04:33:51 EST European regulators opened a new probe into a trans-Atlantic joint venture involving Air France-KLM, Delta Air Lines and Alitalia, members of the SkyTeam carrier alliance.--> News Corp. in Talks to Hire Bloomberg Executive Fri, 27 Jan 2012 21:20:51 EST News Corp. is in serious talks to hire former Bloomberg chief executive Lex Fenwick to be the new chief of Wall Street Journal publisher Dow Jones.--> Codelco CEO Confident of Winning Sur Complex Battle Fri, 27 Jan 2012 18:07:48 EST Codelco's CEO said the Chilean state-run miner expects to win its legal fight with Anglo American over a prized copper complex.--> Legg Mason Profit Drops 54% Fri, 27 Jan 2012 08:35:31 EST Legg Mason's fiscal third-quarter earnings fell 54% as the money manager saw a drop in advisory fees.--> Elpida Mulls Capital Ties With Rivals Fri, 27 Jan 2012 06:42:17 EST Executives at Elpida Memory have floated the idea of capital ties with U.S. and Taiwanese rivals, as the struggling Japanese chip maker tries to ensure support from creditors.--> Murdoch to Quit Glaxo Board Fri, 27 Jan 2012 12:49:55 EST As he grapples with the fallout from News Corp.'s phone-hacking scandal, deputy chief operating officer James Murdoch is resigning from the board of drug giant GlaxoSmithKline.--> Honeywell Books Loss on Pension Costs Fri, 27 Jan 2012 16:50:58 EST Honeywell posted a $310 million quarterly loss on pension-related costs, but saw robust demand for its aerospace and control-systems products.--> Rio Tinto Moves In on Ivanhoe, Mongolia Project Fri, 27 Jan 2012 13:43:21 EST Rio Tinto said it expects to make management changes at Ivanhoe Mines and may seek direct ownership in the massive Oyu Tolgoi copper-and-gold project in Mongolia.--> Altria Earnings Drop 9% Fri, 27 Jan 2012 09:04:25 EST Altria's fourth-quarter earnings fell 9% as charges offset revenue growth, while the tobacco company named Vice Chairman Martin J. Barrington chairman and chief executive to succeed the retiring Michael E. Szymanczyk.--> D.R. Horton Swings to Profit Fri, 27 Jan 2012 10:43:35 EST D.R. Horton swung to the black in its fiscal first quarter on a double-digit jump in home-building revenue and showed optimism for the spring selling season.--> Founder of Implant Maker Faces Probe Fri, 27 Jan 2012 08:25:08 EST The founder of a French company that made faulty breast implants was put under formal investigation for unintentional injury by a Marseille investigating magistrate.--> EU Rules Out New Shale Gas Regulation Fri, 27 Jan 2012 08:20:58 EST There is no need for new legislation to regulate shale gas exploration in the European Union, according to a study that proposes the bloc adopt a low profile on the controversial issue.--> Mets Owners Seek Dismissal of Madoff Lawsuit Fri, 27 Jan 2012 09:06:38 EST The owners of the New York Mets baseball team asked a federal judge to dismiss a lawsuit by the court-appointed trustee seeking to recover money for victims of convicted Ponzi-scheme-operator Bernard Madoff.--> Kia Posts 3.5% Profit Slide Fri, 27 Jan 2012 01:37:38 EST Korean car maker Kia said it expects sales growth to decelerate this year due to tougher competition overseas and weak domestic sales after it posted a 3.5% decline in fourth-quarter net profit.--> Verastem Climbs Post-IPO Fri, 27 Jan 2012 11:24:24 EST Biopharmaceutical firm Verastem gained in early trading after boosting the size of its IPO deal.--> NTPC Profit Drops 10% Fri, 27 Jan 2012 08:36:24 EST State-run Indian utility NTPC reported a steeper-than-expected 10% drop in third quarter net profit because of higher fuel costs and as depreciation and interest expenses rose after it added new power plants.--> Nippon Steel Swings to Loss in Quarter Fri, 27 Jan 2012 05:07:00 EST Japan's largest steelmaker by output reported its first loss in three quarters, citing stiff competition in Asia, weaker demand and the strong yen.--> |
