By LISA CORNWELLAssociated Press
CINCINNATI (AP) - Fifth Third Bancorp reported Thursday that its third-quarter net income fell because of one-time expenses related to debt repayment and accounting issues.
Still, the Cincinnati-based bank reported improving lending business trends, and beat
By MICHAEL FELBERBAUMAP Tobacco Writer
RICHMOND, Va. (AP) - Cigarette maker Philip Morris International Inc.'s third-quarter net income fell more than 6 percent, despite higher prices, as the company sold fewer cigarettes.
The seller of Marlboro and other cigarette brands overseas said
By CHRISTINA REXRODEAssociated Press
NEW YORK (AP) - Morgan Stanley said Thursday that its corporate clients are ready to do business - but they're a little unnerved by the impending fiscal crisis.
The bank reported higher revenue and net income for the third quarter after stripping out an
By JOSHUA FREEDAP Airlines Writer
Southwest Airlines eked out a small third-quarter profit in spite of a September slowdown, the company said on Thursday.
Traffic at all the big airlines fell last month. September is traditionally when vacationers wrap up summer travel by Labor Day, and
MILAN (AP) - Shares in Italian bank Monte dei Paschi di Siena have shed 6 percent of their value after Moody's cut the bank's credit rating to junk status.
Moody's has dropped the ratings in the world's oldest running bank by two notches to Ba2 from Baaa3 with a negative outlook.
By KELVIN CHANAP Business Writer
HONG KONG (AP) - The Chinese arm of U.S. casino company MGM Resorts International signed a land deal Thursday for a new $2.5 billion casino resort in Macau, the world's biggest gambling market, hoping to catch up with the rapid expansion of rival casino
By CIARAN GILESAssociated Press
MADRID (AP) - Spain raised €4.6 billion ($6 billion) at a sharply lower cost Thursday amid growing expectations that the cash-strapped country will soon make a request for international help to deal with its finances.
The Treasury sold €1.51 billion in 10-year
LISBON, Portugal (AP) - The junior party in bailed-out Portugal's coalition government has ended days of political tension by endorsing a plan for severe tax increases next year, ensuring the new austerity measures are approved in Parliament.
Senior officials in the center-right Popular Party
BERLIN (AP) - German Chancellor Angela Merkel is endorsing a proposal for a top European Union official to be given the power to veto member countries' budgets, and is suggesting the bloc could set up a fund to finance projects in struggling countries.
Merkel addressed Germany's Parliament
By NATALIYA VASILYEVAAssociated Press
MOSCOW (AP) - Russia on Thursday downplayed concerns that Rosneft's possible purchase of BP's stake in the joint venture TNK-BP, which analysts say would reshape the country's oil industry and create the world's biggest oil and gas company,