TOKYO (AP) - Japan's Hitachi Ltd. has agreed to buy British atomic power company Horizon Nuclear Power Ltd. from its German owners for 696 million British pounds ($1.12 billion).
The companies announced the deal Tuesday, ending months of uncertainty after the 50-50 owners of Horizon, RWE AG and
By DAVID McHUGHAP Business Writer
FRANKFURT, Germany (AP) - Deutsche Bank saw profits slip 3 percent in the third quarter from a year ago, as higher costs for streamlining its business and from credit writeoffs offset better revenues from investment banking and trading stocks and bonds.
By ROBERT BARRAssociated Press
LONDON (AP) - Oil company BP is rewarding long-suffering shareholders with a substantial dividend increase just days after it sold a stake in a Russian joint venture for billions of dollars.
BP also revealed Tuesday that it made a net profit of $5.5 billion in the
By JOHN HEILPRINAssociated Press
GENEVA (AP) - Scarred by scandals and losses, Swiss bank UBS unveiled Tuesday a plan to overhaul its global operations that will see it cut thousands of jobs as it drops risky trading activities and restructures its investment banking unit.
By YURI KAGEYAMAAP Business Writer
TOKYO (AP) - Mitsubishi Motor Corp.'s fiscal second-quarter net profit improved 60 percent to 10.1 billion yen ($126 million) on cost cuts, but the Japanese automaker lowered its projection Tuesday for China, where a bitter territorial dispute is sending
By ELAINE KURTENBACHAP Business Writer
TOKYO (AP) - Japan's central bank expanded a government bond-buying program Tuesday, vowing to spur growth as it further downgraded the country's economic outlook following declines in industrial output and household spending in September.
By DON MELVINAssociated Press
BRUSSELS (AP) - A group of aid organizations proposed Tuesday that products from Israeli settlements no longer be allowed to bear a "Made in Israel" label when they're sold inside the European Union.
The report - produced by 22 aid, development and church
SYDNEY (AP) - Virgin Australia Holdings, the nation's second-largest airline, announced Tuesday a 99 million Australian dollar ($102 million) takeover offer for regional carrier Skywest Airlines and revealed it had bought a 60 percent stake in budget domestic rival Tiger Airways Australia for
By The Associated Press
Apple Inc. announced a reorganization of its top ranks on Monday that includes the departure of two executives. Below are some biographical details on one of them, John Browett, who's headed Apple's retail business.
NAME: John Browett
TITLE AT APPLE: Senior vice
By MARTIN CRUTSINGERAP Economics Writer
WASHINGTON (AP) - Though U.S. stock trading was suspended Monday because of Hurricane Sandy, the parts of the financial system that stayed open functioned normally, the Treasury Department says.
Financial regulators found that systems involving payments,