India's industrial output grows in January

2010-03-12T02:22:44Z

<div><p>India's industrial output rose 16.7 percent in January, official data showed Friday, broadly in line with forecasts as manufacturing output surged.</p><p>The manufacturing sector, which comprises the vast majority of the industrial production index, saw production rise 17.9 percent from levels a year earlier, the data showed.</p><p>The December output figure, which includes the country's mines, factories and ut...

Australian job ads surge, survey finds

2010-03-09T01:15:41Z

<div><p>The number of jobs advertised in newspapers and online in Australia rose by almost 20 percent in February, according to a bank survey released Tuesday which suggests unemployment has peaked.</p><p>The ANZ survey found total job ads rose 19.1 percent in February to a weekly average of 159,778 -- just 2.3 percent under their level a year ago.</p><p>ANZ chief economist Dow Jones Newswires had forecast an increase of just 1.5 percent in manufacturing orders, after Europe's biggest economy had post...

Starwood boosts equity grant for some directors

2010-03-03T15:16:03Z

<div><p>NEW YORK (Reuters) - Starwood Hotels & Resorts Worldwide Inc <HOT.N> is raising the annual amount of stock and options that it gives board members who do not work for the company by 25 percent.</p><p>Those directors will get $125,000 in stock and stock options, ...

Adidas 2009 profit falls by 62 percent

2010-03-03T01:15:58Z

<div><p>German sportswear and equipment maker Adidas said Wednesday that its 2009 net profit plunged by 62 percent to 245 million euros (334 million dollars).</p><p>In the fourth quarter of the year, net profit fell by 64 percent to 19 million euros, the company added, well below an average analyst forecast of 25 million compiled by Dow Jones Newswir...

Dow Jones buys Hearst half of SmartMoney

2010-03-02T10:16:16Z

<div><p>News Corp.'s Dow Jones announced Tuesday that it had bought partner Hearst Corp.'s half of personal finance magazine SmartMoney.</p><p>The move gives Dow Jones, publisher of

News Corp buys out Hearst's stake in SmartMoney

2010-03-02T09:00:13Z

<div id="subtitle">News Corp buys out Hearst's 50 percent stake in SmartMoney magazine</div><div><p>News Corp. is buying out Hearst's 50 percent stake in SmartMoney, giving it complete ownership of the magazine.</p><p>The company plans to integrate the magazine with Indonesia said Monday that consumer prices rose 3.81 percent year on year in February due to the rising cost of rice.</p><p>But month-on-month inflation slowed to 0.30 percent from 0.84 percent in January as gold and jewellery prices fell, the statistics agency said.</p><p>"Rice prices continued to increase in February as harvest (yields) remained insignificant," agency chairman Rusman Heriawan told rep...

RBS plans huge bonuses after cutting losses

2010-02-26T01:16:02Z

<div><p>Losses at Royal Bank of Scotland narrowed sharply last year, the state-rescued lender said Thursday as it prepared to dish out bonuses reportedly totalling 1.6 billion pounds.</p><p>RBS suffered a net loss of 3.6 billion pounds in 2009 -- a major improvement on a record shortfall of 24.3 billion pounds suffered the previous year.</p><p>While the bank...

France Telecom reports profit slump

2010-02-25T08:16:33Z

<div><p>France Telecom on Thursday reported a slide in 2009 net earnings and sales and presented a new management team to help revamp an operation shaken by a wave of employee suicides.</p><p>The group, privatised with a hybrid internal structure of private and state-sector staff, reported a 26.3 percent fall in net profit for 2009 to 2.997 billion euros (4.04 billion dollars).</p><p>The result ...

France Telecom reports net profit slump for 2009

2010-02-25T01:16:08Z

<div><p>France Telecom reported a 26.3-percent slump in net annual profit on Thursday, saying its priorities were to push on with deep reforms, with attention to employment conditions after a crisis over suicides.</p><p>The group, privatised with a hybrid internal structure of private and state-sector staff, reported a net profit for 2009 of 2.997 billion euros (4.04 billion dollars).</p><p>Sale...

News Corp discusses buying rest of SmartMoney

2010-02-23T12:46:14Z

<div id="subtitle">News Corp in talks to buy other 50 percent of SmartMoney from Hearst Corp</div><div><p>News Corp.'s Dow Jones unit says it's in talks to buy the 50 percent of SmartMon...

Dow Jones in talks to buy Hearst half of SmartMoney

2010-02-23T12:16:30Z

<div><p>News Corp.'s Dow Jones is in talks to buy partner Hearst Corp.'s half of personal finance magazine SmartMoney, The W...

Commerzbank reports 1.6-billion euro loss

2010-02-22T14:20:24Z

<div><p>Germany's second largest bank, Commerzbank, on Monday reported a 1.6-billion-euro (2.2-billion-dollar) net operational loss in the fourth quarter of 2009 that it blamed on asset writedowns.</p><p>The loss eclipsed forecasts from analysts surveyed by Dow Jones Newswires, who were expe...

Dow Jones Indexes removes Cadbury from 2 indexes

2010-02-22T09:10:54Z

<div id="subtitle">Dow Jones Indexes removes Cadbury from 2 indexes due to takeover by Kraft</div><div><p>Dow Jones Indexes said Tuesday that it will remove Cadbury PLC from two indexes because it is being acquired by Kraft Foods In...

CME buys 90 percent of DJ index unit for $607M

2010-02-22T10:16:45Z

<div id="subtitle">CME Group buys 90 percent of Dow Jones' index unit for $607 million</div><div><p>Dow Jones &amp; Co. is selling a 90 percent stake in its stock market index unit to exchange operator CME Group Inc. for $607.5 million, the companies announced Wednesday.</p><p...

HSBC chief plays down tough new bank rules

2010-02-22T14:21:52Z

<div><p>HSBC Chief Executive Michael Geoghegan said Wednesday that tough new banking rules in the United States and Britain would have little impact on the financial services giant.</p><p>US

Bank fears send Asian shares lower

2010-02-22T15:23:28Z

<div><p>Uncertainty over US President Barack Obama's bank revamp plans and fears of policy tightening by Beijing spooked risk-averse investors in Asian trade Monday, as financial stocks continued to slide.</p><p>World market sentiment has soured since Obama unveiled on Thursday plans for a tough banking reform that would limit "excessive" risk-taking blamed for the economic crisis, a move that w...

Ericsson says profit shrinks, to cut 6,500 jobs

2010-02-22T15:27:09Z

<div><p>Swedish telecom giant Ericsson said Monday its net profit fell by 92 percent in the fourth quarter due to the costs of a restructuring plan in which 6,500 jobs will be cut.</p><p>Ericsson reported a net profit of 314 million kronor (30.7 million euro, 43.4 million dollars) between October and December compared to 3.89 billion kronors in the...

Korean Air swings to profit as fuel costs drop

2010-02-22T16:41:46Z

<div><p>South Korea's main flag carrier Korean Air announced Friday it swung to a net profit in the fourth quarter compared to a year earlier thanks to increased travel, a stronger won and lower fuel costs.</p><p>The airline said it recorded a net profit of 122.3 billion won (106.3 million dollars) for Octo...

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