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Baxter to buy Swedish firm Gambro in $2.76 B deal

Submitted by Fox First at Ten on December 4th

DEERFIELD, Ill. (AP) - Drug and medical device maker Baxter International says it will buy the privately held Swedish company Gambro in a deal valued at about $2.76 billion to broaden its dialysis product portfolio. The Deerfield, Ill., company says Gambro makes dialysis products for patients with

Russia's Abramovich buys Norilsk stake to end feud

Submitted by Fox First at Ten on December 4th

MOSCOW (AP) - Russian tycoon Roman Abramovich will buy a stake in miner Norilsk Nickel to end a long-running feud between two fellow oligarchs. Rusal, the aluminum producer owned by Oleg Deripaska, and Interros, an investment vehicle of Vladimir Potanin, said in a joint statement on Tuesday that

Greek PM pledges first glimmer of recovery in 2013

Submitted by Fox First at Ten on December 4th

By By DEREK GATOPOULOS and NICHOLAS PAPHITISAssociated Press ATHENS, Greece (AP) - Greece's prime minister on Tuesday promised an austerity-weary nation that 2013 will bring the first signs of economic recovery after a punishing five-year recession, and held out hope that pending tax

Germany, France at odds over EU banking supervisor

Submitted by Fox First at Ten on December 4th

By By RAF CASERTAssociated Press BRUSSELS (AP) - European Union countries are dragging themselves to a year-end summit with a heavy load of unfinished business aimed at shoring up confidence in the region in the wake of the three-year financial crisis. The 27 finance ministers remained split

Spain's jobless near 5 million as banks await cash

Submitted by Fox First at Ten on December 4th

By By CIARAN GILESAssociated Press MADRID (AP) - The number of people officially registered as unemployed in Spain has edged up toward 5 million as the country's recession shows few signs of abating and its struggling banks await crucial bailout cash. Spain's Labor Ministry said Tuesday

Saudi group sells majority stake in NY's Plaza

Submitted by Fox First at Ten on December 4th

RIYADH, Saudi Arabia (AP) - The investment firm headed by Saudi billionaire Prince Alwaleed bin Talal says it has sold a majority stake in The Plaza Hotel in New York to a major Indian real estate conglomerate in a $575 million deal. Kingdom Holding Co. says it will retain 25 percent equity

Oil slips to near $88 on US manufacturing worries

Submitted by Fox First at Ten on December 4th

By By PABLO GORONDIAssociated Press The price of oil fell to near $88 a barrel on Wednesday amid worries over the U.S. economy, largely because a budget deal has yet to be agreed between the White House and Congress. By early afternoon in Europe, benchmark crude for January delivery was down 81

Asia stocks higher on hopes for US budget deal

Submitted by Fox First at Ten on December 4th

By By PAMELA SAMPSONAP Business Writer BANGKOK (AP) - Asian stock markets rose Wednesday as investors became increasingly convinced that U.S. political leaders will reach a budget deal that avoids a major hit to the world's No. 1 economy. Negotiations between the White House and the U.S.

Australia lowers key interest rate to 3 percent

Submitted by Fox First at Ten on December 4th

By By KRISTEN GELINEAUAssociated Press SYDNEY (AP) - Australia's central bank cut its benchmark interest rate by a quarter percentage point Tuesday, taking it to its lowest level since the global financial crisis, as slower growth in China, uncertainty over the U.S. outlook and stubbornly

News Summary: Lincoln gets new name, new sedan

Submitted by Fox First at Ten on December 4th

By By The Associated Press BACK TO THE FUTURE: Ford's 97-year-old Lincoln luxury brand is going back to its original name - Lincoln Motor Co. - in a bid to separate it from Ford and win over new buyers. NEW SEDAN: The name change comes as the new Lincoln MKZ goes on sale. The MKZ is the