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Business NewsBusiness News
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Barclays slashes bonus pool after 2011 profit fall
LONDON (AP) -- Barclays PLC revealed Friday that it is slashing its bonus pool after earnings at its investment banking division fell sharply and dented overall profitability....
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NYSE Euronext profit down on blocked merger costs
PARIS (AP) -- NYSE Euronext on Friday said costs related to its collapsed merger with German stock market Deutsche Boerse caused a slump in fourth quarter earnings....
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France's Total gets oil price profit boost
PARIS (AP) -- French oil company Total SA forecast higher production this year while revealing Friday that higher oil prices helped it post a 12.8 percent rise in fourth quarter profits despite a drop in output....
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Afghan private security handover looking messy
KABUL, Afghanistan (AP) -- The push by Afghanistan's president to nationalize legions of private security guards before the end of March is encouraging corruption and jeopardizing multibillion-dollar aid projects, according to companies trying to make the switch....
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Lehman Brothers sues Citigroup for $2.5B
NEW YORK (AP) -- Lehman Brothers Holdings Inc. is suing several units of Citigroup Inc. to recover $2.5 billion it transferred to a backup account at Citi months before seeking bankruptcy court protection....
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Federal agency looking at high-frequency traders
WASHINGTON (AP) -- The Commodity Futures Trading Commission is looking at high-frequency traders to gauge their importance in the markets and consider possible new rules for them....
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A look at possible money-market fund rules
The Securities and Exchange Commission is drafting proposals to further strengthen money-market mutual funds, two years after it approved an initial set of new rules in the wake of the financial crisis....
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What settlement will and won't do for homeowners
WASHINGTON (AP) -- The mortgage settlement that government officials announced Thursday is intended to help victims of foreclosure abuses that followed the housing bust....
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Katrina-Rita suit: Insurer offers $80M to settle
BATON ROUGE, La. (AP) -- Louisiana's property insurer of last resort has offered to settle a dispute over the slow handling of claims from hurricanes Katrina and Rita in 2005 for up to $80 million....
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A look at the top candidates to succeed Ford's CEO
DETROIT (AP) -- Here are the leading candidates to succeed Alan Mulally as Ford's CEO. Mulally, 66, says he has no plans to retire. But he acknowledges that the carmaker has a succession plan for every top management position....
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Summary Box: Vodafone Q3 revenue flat
HOLD STEADY: Vodafone Group PLC, the world's largest mobile communications company, says revenue held steady in the final three months of 2011 as double-digit gains in India and Turkey were offset by slumps in Italy and Spain....
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Summary Box: Tax changes send Diageo profit down
TAX NIP: A one-time tax hit sent profits at drinks company Diageo PLC's down 20 percent in the last six months of 2011, despite rising income following a strong performance in emerging markets....
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Understanding Greece's Austerity Deal
Greece's political leaders on Thursday agreed to steep government cutbacks and economic reforms to qualify for a euro130 billion ($170 billion) bailout from other countries in Europe and around the world....
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Summary Box: Mercedes helps Daimler 4q profit rise
CHINA CONNECTION: Strong sales of Mercedes luxury cars in China and the U.S. helped German automaker Daimler AG post a stronger than expected 57 percent increase in fourth quarter profits. The company made net profit of euro1.78 billion ($2.36 billion), ahead of the average forecast compiled by Fact...
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South Africa plans big infrastructure campaign
JOHANNESBURG (AP) -- South Africa's president announced ambitious infrastructure projects Thursday, laying out his plans for creating jobs and hope in nation harder hit than most in Africa by global recession....
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FDA outlines path for lower-priced biotech drugs
WASHINGTON (AP) -- The Food and Drug Administration is preparing to review the first lower-cost versions of biotech drugs, expensive medications that have never before faced generic competition in the U.S....
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Timeline of events of nationwide mortgage deal
On Thursday, 49 states reached a $25 billion deal with the nation's biggest mortgage lenders over foreclosure abuses that occurred after the housing bubble burst....
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Guerlain perfume heir accused of racism in trial
PARIS (AP) -- An heir to the Guerlain perfume empire went on trial Thursday in Paris on charges he made racist insults on national television....
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Summary Box: PepsiCo 4th-quarter results up
THE NEWS: Pepsico Inc. said Thursday it will cut 8,700 jobs, about 3 percent of its 800,000 global work force, in a restructuring. The company also reported fourth-quarter earnings rose 4 percent. Adjusted results beat expectations....
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Greek debt crisis eases, but drama is not over
More than two years after it came clean about its addiction to debt, Greece may finally have begun its long and painful road to recovery....
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Ford CFO Booth to retire, CEO Mulally staying put
DETROIT (AP) -- Ford says two top executives who helped lead its comeback are retiring....
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Kodak to stop making cameras, digital frames
ROCHESTER, N.Y. (AP) -- Kodak says it will stop making digital cameras, pocket video cameras and digital picture frames in order to focus on its more profitable businesses....
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Fidelity: 401(k) balances little changed over 2011
BOSTON (AP) -- Workers stashed money away in their 401(k) retirement plans at a faster clip last year but didn't get an immediate reward for their savings strategy. Fidelity Investments, the nation's biggest 401(k) administrator, says the average account balance was essentially unchanged in 2011...
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US Jobs Gap Between Young And Old Is Widest Ever
WASHINGTON (AP) -- Squeezed by a tight job market, young Americans are especially struggling. They have suffered bigger income losses than other age groups and are less likely to be employed than at any time since World War II....
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Tassimo coffee makers recalled over burn risk
WASHINGTON (AP) -- Home-brewed coffee lovers, take note: More than a million coffee makers are being recalled after dozens of reports of the brewers spraying hot liquid, coffee grounds or tea leaves onto people....
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Pepsico to cut 8,700 jobs; 4Q net rises
PURCHASE, N.Y. (AP) -- PepsiCo says it will cut 8,700 jobs in a cost-cutting move as it increases investment in advertising and marketing in North America....
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China skirting African corruption in direct aid
KAMPALA, Uganda (AP) -- China last month sent a senior official to symbolically hand over the keys to a nine-story twin tower to house Uganda's president and prime minister, a gift from Beijing....
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Sweden: Europeans need to question pension habits
STOCKHOLM (AP) -- Europeans need to question their habits if they want to secure the future of their generous pension systems, Sweden's prime minister said Thursday as he opened a summit for leaders from Britain and the Nordic and Baltic countries....
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Ind. wheat 'excellent' despite wet planting season
WEST LAFAYETTE, Ind. (AP) -- A Purdue University agronomist says Indiana's winter wheat crop is healthy and on track despite wet weather at planting time last fall. Those wet fields have slightly reduced the state's wheat acreage, though....
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Tax changes send Diageo H1 profit down 20 pct
LONDON (AP) -- A one-time tax hit sent profits at drinks company Diageo PLC's down 20 percent in the last six months of 2011, despite rising income following a strong performance in emerging markets....
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Top Stories
Judge Delays Trial Of Suspect In NC Hiker Deaths
Gary Michael Hilton heads to trial in April.
Robber Sought In Greenville County Store Holdups
Greenville County Sheriff’s deputies are investigating a pair of armed robberies at two convenience stores less than two miles apart Thursday night.
Cyclist Dies After Being Struck By Car In Anderson
A man is dead after the bicycle was riding was struck by a car in the city of Anderson.
Court To Rule On Frankfurt Killing Of U.S. Airmen
Verdict expected in German courtroom.
Spartanburg Co. Woman Arrested For Putting Living Dog In The Trash
Officials say a garbage man found a black and white shih tzu in her trash can Thursday morning.
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Wofford, Furman Fall, PC Wins
Wofford dropped a third straight game Thursday night while PC won its third straight
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Greenville Convenience Stores Robbed
Two Greenville convenience stores were robbed by the same suspect Thursday night.
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Greenville Convenience Stores Robbed
Two Greenville convenience stores were robbed by the same suspect Thursday night.
