Daily Archives: January 22, 2013
Caterpillar’s China push unearths trouble
US group’s discovery of accounting misconduct at mainland company it bought is latest example of missteps that have plagued multinationals More »
UN expands sanctions on North Korea
China joins other members of UN Security Council to tighten sanctions on neighbour North Korea in response to Pyongyang’s satellite launch in December More »
Pentagon clears Allen in Petraeus scandal
Defence chief Leon Panetta said he was ‘pleased’ to learn the general had been exonerated and he had ‘complete confidence in his continued leadership’ More »
Microsoft in talks to join any Dell deal
News of potential buyout comes as Dell shares traded near a 52-week low, leading deal watchers to ask if the company was orchestrating the move More »
Obama to back short debt limit extension
White House statement ends speculation about whether the president would insist on a longer fix to avoid a possible US default More »
European red tape delays Ikea openings
Mikael Ohlsson, furniture group boss, is angered by hefty planning laws that are holding up substantial job creation and billions in investment More »
BP: Four missing employees in Algeria feared dead
Four BP employees listed as missing after the terrorist attack in Algeria now are feared dead. More »
IBM targeted expansion pays off
Company’s performance supported its shift to higher-value businesses including cloud computing and specific geographical growth markets More »
ExxonMobil grills key state witness in pollution trial
Countering claims that ExxonMobil polluted New Hampshire’s groundwater with a gasoline additive, the oil company’s attorney tried to show in court that a state witness’s research indicates that the chemical’s levels decline naturally. More »
Google stems advertising price declines
Signs that Google’s underlying ad business was showing more stability amid shift to mobile contributed to 5% rise in shares in after-market trade More »
Stocks edge higher after BoJ move
Yen, which has weakened recently, strengthens after central bank promises potentially limitless asset purchases until a 2% inflation target is met More »
Barclays revamp to cost up to 2,000 jobs
Lender to lay off staff at its investment bank as part of strategic overhaul in wake of Libor scandal More »
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