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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