Business
France: Drugmaker on trial, suspected in deaths
The makers of a diabetes and weight loss drug suspected in the deaths of hundreds of people went on trial Tuesday, facing charges they misled the public about the product's safety. But after years of delays in one of France's biggest recent health scandals, the proceedings could still be pushed ...
Best Buy reports 1Q loss on restructuring costs
Best Buy Co. on Tuesday reported a loss for its fiscal first quarter as it sold its stake in Best Buy Europe and works on a turnaround plan that includes cutting costs and closing some stores. Its adjusted earnings beat Wall Street expectations, as cost cuts helped offset tough pricing ...
Germany's SAP to recruit tech staff with autism
German software giant SAP AG said Tuesday it plans to recruit people with autism to take make full use of their talents to process information. Autism is a developmental disorder characterized by difficulties in communicating, emotional detachment and rigid or repetitive behavior. But some people with mild autism can perform ...
Burberry's profit hit by perfume deal's demise
British luxury brand Burberry said Tuesday that rapidly improving business in developing markets was offset by the end of a perfume licensing deal, dragging net profit down 3 percent for the year. Shares in Burberry Group PLC closed up 3 percent at 15 pounds after the company reported an 8 ...
Markets choppy ahead of Bernanke testimony
Markets were choppy Tuesday as investors remained cautious in the run-up to a much-anticipated statement from U.S. Federal Reserve chairman Ben Bernanke. The Fed is conducting its third round of massive bond purchases known as quantitative easing. The aim has been to help drive down interest rates and spur lending. ...
Indexes edge higher on Wall Street in midday trade
Stock indexes are edging higher in midday trading on Wall Street as investors look ahead to the Federal Reserve's next moves. The Dow Jones industrial average was up 32 points at 15,367 at noon Eastern Daylight Time Tuesday, a gain of 0.2 percent. The Standard & Poor's 500 index was ...
Lew: IRS actions "unacceptable and inexcusable"
Treasury Secretary Jacob Lew says the Internal Revenue Service's targeting of conservative political groups was "unacceptable and inexcusable" and he has directed the agency's acting director to hold people accountable. Lew told the Senate Banking Committee that he has also asked acting director Daniel Werfel to fix any flaws in ...
How the French economy compares to Germany's, UK's
Here's how the struggling French economy stacks up compared to Germany's and Britain's: How Europe's Top Economies Compare France Germany Britain Gross Domestic Product (2012) 2 trillion euros ($2.7 trillion) 2.6 trillion euros ($3.3 trillion) 1.9 trillion euros ($2.4 trillion) Manufacturing as a percentageof GDP (2009) 10.7 percent 19.3 percent ...
Does France have right plan to revive its economy?
The man charged with reviving France's shrinking economy and attracting businesses to invest here is gaining a reputation for doing the opposite. As the country's first-ever minister for industrial renewal, Arnaud Montebourg has told the world's largest steelmaker it is not welcome in France; exchanged angry letters with the head ...
Indexes edge higher on Wall Street in early trade
Stock indexes are edging higher in early trading on Wall Street as investors look ahead to the Federal Reserve's next moves. The Dow Jones industrial average was up 54 points at 15,390 shortly after the opening bell Tuesday, a gain of 0.4 percent. The Standard & Poor's 500 index was ...
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