Thursday October 23, 2014

QUESTION OF THE WEEK

  • Do you think it's in our best interest to arm Syrian rebels?
  • Yes
  • 29%
  • No
  • 71%
  • Total Votes: 38




Business News


top story

British retailer Tesco says chair resigns after accounting scandal, 99 per cent drop in profits

LONDON - The chairman of Tesco, the world's second-biggest retailer behind Walmart, announced his resignation Thursday amid an accounting scandal in which the company admitted it had overstated its projected profits....

posted: October 23,2014





Business News

CP07

State ballot initiatives see millions of dollars in political spending from corporate giants

WASHINGTON - Voters may not know it, but the millions of dollars paying for ads on ballot measures...



Credit Suisse posts Q3 profit more than double from year ago

GENEVA - Credit Suisse's profits more than doubled in the third quarter as Switzerland's second-...



Surprising improvement in key European economic survey eases market concerns over slowdown

LONDON - A stronger than anticipated European economic survey has raised hopes in the markets that...





World stocks sink after manufacturing data shows China's factories failing to fire

TOKYO - Global stocks fell Thursday after another slump in oil prices added to doubts about the strength of global demand and China's manufacturing output grew at the slowest pace in five months....


Hyundai Motor's profit drops 28 per cent as appreciation of local currency weighs

SEOUL, South Korea - Hyundai Motor Co. said Thursday its profit sank nearly 30 per cent for the July-September quarter, hurt by a stronger South Korean currency and weak sales growth in its home market....


Spain*s quarterly jobless figure drops to 23.7 per cent as economy recovery gathers pace

MADRID - Spain's unemployment rate dropped to 23.7 per cent in the third quarter from 24.5 per cent in the previous three-month period, the latest sign of the economy's recovery....


Nokia sees third-quarter turn to profit as sales grow after sale of phone unit to Microsoft

HELSINKI - Nokia appears to have turned around its fortunes after the sale of its ailing cellphone unit to Microsoft, reporting a third-quarter net profit of 747 million euros ($950 million), from a loss of 91 million euros a year earlier. ...


Consumer product giant Unilever says prices are falling in Europe; "sharp" slowdown in China

AMSTERDAM - Unilever PLC, the maker of consumer products including Dove soaps, Lipton teas and Ben & Jerry's ice cream, says it saw price deflation in Europe's largest markets in the third quarter....


India picks up pace on economic overhaul with a slew of big announcements

NEW DELHI - After months of criticism for not moving aggressively enough on promises of an economic overhaul, India's new prime minister has announced a string of policies designed to kick-start Asia's third-largest economy....


Daimler net profit up 49 per cent in 3rd quarter as revenue rises, company gains on stake sale

BERLIN - Automaker Daimler says its net earnings rose by nearly half in the third quarter as revenue rose 10 per cent and the company booked a one-time gain from the sale of a stake in a maker of heavy-duty engines....


French spirits maker Pernod Ricard returns to growth; Asia comeback despite China slowdown

PARIS - Pernod Ricard SA, maker of Absolut vodka and Martell cognac, has returned to growth after Asian, Middle Eastern and African markets stemmed a monthslong slide, but sales in China continued to decline steeply....


Facebook co-founder, CEO Zuckerberg thrills Chinese students with 30 minutes of Mandarin

BEIJING, China - China may ban Facebook, but not its co-founder Mark Zuckerberg, and he entertained an audience of students in Beijing with a 30-minute chat in his recently learned Mandarin Chinese....






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