BP must cover some Transocean oil spill damages

Filed under Finance headlines 9 days ago

A federal judge on Thursday said BP Plc must indemnify Transocean Ltd for some compensatory damage claims over the 2010 Gulf of Mexico oil spill. U.S. District Judge Carl Barbier, who oversees multistate......

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Here Are The Key Market Moving Events For Friday, January 27, 2012

Filed under Finance headlines 9 days ago

Friday closes out a busy earnings week, after more than 20% of the S&P 500 in the U.S. reported quarterly results. But more than just earnings, Friday is filled with a series of important macro announcements, including Japan, Finland, Germany, and the U.S.  Here's what you need to know.......

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Samsung posts record results powered by smartphones

Filed under Finance headlines 9 days ago

Samsung Electronics Co, the world's top technology firm by revenue, reported a record quarterly profit on Friday, aided by its best-ever sales of smartphones, and hiked 2012 capital investment 9 percent......

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Stocks Climb as New Year Boosts Melco Premium: China Overnight

Filed under Asia headlines 9 days ago

Melco Crown Entertainment Ltd. climbed in New York, pushing the premium over its Hong Kong shares to the widest in two weeks, on speculation New Year holiday gambling will drive Macau casino revenue to a record. Most Chinese stocks in the U.S.......

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Jetstar Japan May Expand Fleet to 100 Planes by End of Decade

Filed under Asia headlines 9 days ago

Jetstar Japan Co., the budget carrier set to begin flights this year, said it may grow to 100 planes by the end of the decade helped by fares about 50 percent cheaper than full-service......

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Gingrich, Romney play for cheers in Florida debate

Filed under Finance headlines 9 days ago

JACKSONVILLE, Florida (Reuters) - This time, the cheering will be back. Five days before their showdown in Florida's Republican presidential primary, Newt Gingrich and Mitt Romney headed into a debate on Thursday night that had the makings of a raucous encounter between increasingly bitter rivals.......

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Exclusive: Chevron to face charges over Brazil spill

Filed under Finance headlines 9 days ago

A Brazilian prosecutor plans to file criminal charges against Chevron Corp and some of its local managers within weeks, adding the threat of prison sentences to an $11 billion civil lawsuit as punishment......

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Starbucks profit beats, Europe weakness hurts

Filed under Finance headlines 9 days ago

Starbucks Corp reported a quarterly profit that topped Wall Street's view, but its shares fell as investors in the world's biggest coffee chain focused on softness in Europe rather than strength in the......

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Samsung posts record quarterly profit powered by smartphones

Filed under Finance headlines 9 days ago

Samsung Electronics Co, the world's top technology firm by revenue, reported a record quarterly profit on Friday, aided by its best-ever sales of smartphones and one-off gains. The South Korean firm reported......

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Pentagon cuts reshape military, trim costs

Filed under Finance headlines 9 days ago

WASHINGTON (Reuters) - The Pentagon unveiled a 2013 budget plan that would cut $487 billion in spending over the next decade by eliminating nearly 100,000 ground troops, mothballing ships and trimming air squadrons in a bid to create a smaller, agile force with a new strategic focus.......

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Starbucks posts profit beat, sales jump

Filed under Finance headlines 9 days ago

Starbucks Corp's reported a quarterly profit that topped Wall Street's view after global economic worries failed to weaken demand for drinks and other products from the world's biggest coffee chain. Based......

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Insight: How Allen Stanford kept the SEC at bay

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In 2009, federal investigators finally arrested Houston financier R. Allen Stanford. For twenty years, Stanford allegedly had run a $7 billion Ponzi scheme from his offshore bank on the Caribbean island......

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PLDT Drops Most in Five Months Before Share Issue: Manila Mover

Filed under Asia headlines 9 days ago

Philippine Long Distance Telephone Co., the biggest company by weighting in the benchmark stock index, sank the most in five months before issuing new shares to fund a stake in Digital Telecommunications Philippines......

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Treasuries Gain With Commodities on QE Bets as U.S. Stocks Drop

Filed under Asia headlines 9 days ago

Treasuries and commodities rose for a second day after the Federal Reserve yesterday pledged to keep interest rates low and said it is considering more bond purchases. U.S. stocks retreated from a six-month high, while Europe’s benchmark equity index entered a bull......

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Exclusive: Chevron to face criminal charges over Brazil spill

Filed under Finance headlines 9 days ago

CAMPOS, Brazil (Reuters) - A Brazilian prosecutor plans to file criminal charges against Chevron Corp and some of its local managers within weeks, adding the threat of prison sentences to an $11 billion civil lawsuit as punishment for a November offshore oil spill.......

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Congressman Frank to wed same-sex partner in

Filed under Finance headlines 9 days ago

BOSTON (Reuters) - Barney Frank, the 16-term congressman from Massachusetts who was one of the first openly gay figures in U.S. national politics, plans to marry his partner, his office said on Thursday.......

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