German sportswear and equipment maker Adidas said Wednesday that its 2009 net profit plunged by 62 percent to 245 million euros (334 million dollars). 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 ...

News Corp.'s Dow Jones announced Tuesday that it had bought partner Hearst Corp.'s half of personal finance magazine SmartMoney. The move gives Dow Jones, publisher of The Wall Street Journal, 100 percent control over the SmartMoney franchise, which includes SmartMoney magazine, Smartmoney.com and SmartMoney Custom Solutions, a ...

News Corp buys out Hearst's 50 percent stake in SmartMoney magazineNews Corp. is buying out Hearst's 50 percent stake in SmartMoney, giving it complete ownership of the magazine. The company plans to integrate the magazine with The Wall Street Journal, which is owned by News Corp. unit Dow ...

Indonesia said Monday that consumer prices rose 3.81 percent year on year in February due to the rising cost of rice. 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. "Rice prices continued to ...