3M issues cautious forecast, shares lower
Diversified manufacturer 3M Co issued a cautious outlook for 2010 on Tuesday, saying tight credit conditions and other headwinds would make economic recovery patchy and slow.
Vietnam Nov auto sales leap 132 pct yr/yr -report
Auto sales in Vietnam in November leapt 132 percent from a year earlier to 12,259 units after a jump of 103 percent in October, an industry report said on Tuesday.
H&R Block posts narrower-than-expected Q2 loss
H&R Block Inc , the largest U.S. tax preparer, posted a narrower-than-expected second-quarter loss, aided mainly by better results in Tax Services segment, but said it is looking to close 400 regular offices this year as part of a cost-cutting plan.
DTE Energy to start $600 mln project, add jobs
DTE Energy Co said it will start a $600 million environmental construction project in the first quarter of 2010 at its Monroe, Michigan power plant, creating 900 jobs.
PE firm Actis, S'pore's KS Energy in $231 mln JV
Private equity firm Actis and Singapore oil services firm KS Energy on Tuesday announced plans for a joint venture that will distribute parts and equipment to oil companies in Asia and the Middle East
Obama's job creation speech at Brookings Institution (full transcript)
President Barack Obama proposed on Tuesday small business tax cuts, fresh infrastructure spending and energy efficiency rebates to boost jobs, but there were few details on the scale or cost of the measures.
Funds take TNT stake, raise break-up prospects
A possible break-up of TNT moved a step closer on Tuesday as activist funds, back on the hunt for opportunities, took a 5 percent stake in the Dutch mail and logistics group.
Garda gets security contract of $100 mln plus in Iraq
Canada's Garda World Security Corp said it received a three-year contract worth more than $100 million from the UK Foreign and Commonwealth Office to provide security services in Iraq.
U.S. FDA questions studies of Gilead fibrosis drug
U.S. Food and Drug Administration staff cited concerns on Tuesday with the design and analysis of clinical studies intended to support the effectiveness of Gilead Sciences Inc's experimental cystic fibrosis drug.
3M, McDonald's drag Wall Street lower
Stocks fell on Tuesday after a disappointing outlook from 3M Co and a second straight month of falling domestic sales at McDonald's Corp triggered concern about consumer spending.
Celgene investors struggle with confusing data
Celgene Corp investors
were struggling on Tuesday to sort through confusing results
from a key trial of the company's cancer drug Revlimid.
China demands more from rich to unlock climate talks
China led calls by developing nations on Tuesday for deeper emissions cuts from the United States, Japan and Europe at U.N. climate talks on Tuesday, as a study showed that this decade will be the warmest on record.
Helmerich & Payne raises 2010 capex view by $40 mln
Helmerich & Payne Inc (HP.N), the second-largest land-drilling rig contractor by market value, raised its 2010 capital expenditure forecast by $40 million and said its active rig count continues to rise.
Obama proposes tax cuts for small businesses
President Barack Obama proposed on Tuesday small business tax cuts, fresh infrastructure spending and energy efficiency rebates to boost jobs, but there were few details on the scale or cost of the measures.
Freewest rejects Noront's sweetened buyout offer
Canada's Freewest Resources (FWR.V), which is the target of a takeover battle between Cliffs Natural Resources (CLF.N) and Noront Resources (NOT.V), rejected Noront's sweetened bid, calling it inadequate.
Guinea's Camara well, to address nation soon -spox
Guinea's military junta leader, Captain Moussa Dadis Camara, is well and will address the nation soon, a spokesman said on Tuesday, five days after an assassination bid on the West African nation's leader.
Guinea's Camara well, to address nation soon -spokesman
Guinea's military junta chief, Captain Moussa Dadis Camara, is well and will address the nation soon, a spokesman said on Tuesday, five days after an assassination bid on the West African nation's leader.
US copper opens down as credit fears hit sentiment
U.S. copper futures slipped
more than 1 percent in early business on Tuesday, as global
credit concerns resurfaced and prompted investors to seek
safety in the dollar.
Riot In Basque Country – San Sebastian, Spain
The Basque country in northern Spain; a region of beautiful scenery, great food, and extremely friendly and hospitable
P&G's Lafley retiring; CEO McDonald to be chairman
Procter & Gamble Co said on Tuesday that Chairman A.G. Lafley would retire in early 2010 and Chief Executive Bob McDonald would become chairman of the world's top household products maker on January 1.
A Guide to English Language Bookstores in Paris
There is one heavy yet handy item that should never go unpacked. Books cure your bouts of homesickness and loneliness. Books provide space when you really can't stand to couchsurf futons
3M issues cautious forecast, shares fall
Diversified manufacturer 3M Co issued a cautious initial outlook for 2010 on Tuesday, saying tight credit market conditions and other headwinds would make any broad economic recovery patchy and slow.
Kroger profit below Street view; outlook is cut
NEW YORK - Supermarket operator Kroger Co posted quarterly profit far below expectations and slashed its full-year forecast amid intense competition, and its shares fell 14 percent.
Talbots surprises with profit; eases debt concern
Women's clothing retailer Talbots Inc reported a surprise quarterly profit on cost cuts and eased concerns regarding its ability to pay down debt, sending its shares up 7 percent.
Obama seeks small business tax cuts
President Barack Obama proposed a variety of programs on Tuesday to boost U.S. employment, including cutting taxes for small businesses to boost hiring.
Film Department files for IPO
West Hollywood-based motion picture finance and production company Film Department Holdings Inc hopes to go public in an initial public offering that would raise $85 million to $100 million.
GWallet banking on lucrative social media ad space
San Francisco-based gWallet, a provider of advertising platform for the virtual goods and social media space, is counting on that axiom to boost its prospects in the fast-growing field.
Diamond hub sparkles in India's climate fight
Vipul Tejani runs a small factory in Surat, the diamond capital of India which in the past 15 years has been hit by massive floods, rising sea levels, and even the plague.
Built on infomercial, Lend America fails homeowners
The sudden fall of Lend America, a nationwide vendor of government-backed home loans, is leaving many borrowers with deep regrets.
Thai True sees 2009 revenue growth under 5 pct
True Corporation PCL TRUE.BK, Thailand's only integrated telecoms firm, said on Tuesday it expected its 2009 revenue to rise less than 5 percent from last year due to the weak economy