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U.S. Approves Big Airline Deal

Fri, 08/27/2010 - 22:11
The Justice Department said it won't oppose the planned merger of UAL and Continental, subject to Continental leasing some takeoff and landing slots at its mega-hub in Newark, N.J.

J&J Recalls Hip Implants

Fri, 08/27/2010 - 21:12
J&J's DePuy orthopedic-device unit is recalling hip replacement parts implanted in about 93,000 people world-wide because of the high rate of repeat surgeries needed.

Dreamliner Delivery Delayed

Fri, 08/27/2010 - 20:48
In a fresh setback for the 787 Dreamliner program, Boeing pushed back first delivery of the plane into the middle of next year's first quarter.

FDA Rejects Roche Drug Review

Fri, 08/27/2010 - 20:19
Roche said the U.S. drug regulator rejected a priority review for a novel breast cancer drug, dashing hopes the treatment might be approved quickly.

Regulators Ask Google for ITA Data

Fri, 08/27/2010 - 18:33
Google said it received a second request for information from regulators looking at its proposed $700 million acquisition of flight information software company ITA Software.

Lenovo to Develop Game Console

Fri, 08/27/2010 - 18:33
China's Lenovo Group is investing in the development of a new videogame console, part of its broader push to branch out into new product categories.

Gannett Revamps USA Today

Fri, 08/27/2010 - 18:28
Gannett said it will reorganize its USA Today newspaper to focus on new distribution channels and will trim about 9% of the paper's 1,500 workers.

Tiffany Posts Profit Gain, Lifts Forecast

Fri, 08/27/2010 - 15:16
Jewelry retailer Tiffany reported a 19% increase in fiscal-second-quarter earnings and raised its earnings forecast.

Nestlé's Ground Attack on Coffee

Fri, 08/27/2010 - 11:30
Nestlé is making a $487 million push to increase the quantity and quality of its coffee, training thousands of farmers over 10 years and providing them with new coffee trees.

AgBank 6-Month Net Up 40%

Fri, 08/27/2010 - 11:05
Agricultural Bank of China's six-month net profit climbed 40% from a year earlier, driven by robust growth in its rural financial business.

Cocoa's Drop Pressures a Big Wager

Fri, 08/27/2010 - 11:03
Armajaro Holdings shook up the commodities market in July by buying a $1 billion cache of cocoa, enough to make 15 billion chocolate bars. But since that audacious bet, cocoa prices have dropped 26%.

Card Firms Scramble for Profits

Fri, 08/27/2010 - 10:53
Executives at the nation's biggest issuers of plastic are trying to figure out how to make money in a business that is shrinking while getting more costly to operate.

Citic Securities Profit Falls

Fri, 08/27/2010 - 10:28
Citic Securities's first-half net profit fell 31.3% from a year earlier, as a slumping stock market hurt its brokerage and investment income.

Intesa Sanpaolo's Net Profit Soars

Fri, 08/27/2010 - 08:34
Intesa Sanpaolo, Italy's largest retail bank, said second-quarter net profit soared as capital gains from asset sales outweighed a trading loss and lower net interest income.

Weak Firms Pile On Debt---and Trouble

Fri, 08/27/2010 - 08:09
For America's weakest companies, today's credit markets are a miracle drug allowing them to cheat death. But a number of the firms could have trouble generating enough cash flow in coming years.

Iberia Swings Into the Black

Fri, 08/27/2010 - 07:32
Iberia swung to a net profit in the second quarter as the Spanish carrier expanded routes between Spain and Latin America, and a pick up in demand for air travel boosted revenue.

Uganda Repossesses Oil Field

Fri, 08/27/2010 - 05:29
The Ugandan government has repossessed the Kingfisher oil field in exploration area 3A of the Lake Albert basin after the field's exploration license expired.