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Wall Street Journal: Financial
Renault Posts First-Half Profit
Renault swung to a larger-than-expected net profit in the first half, as sales surged despite the phasing out of government incentives to spur demand.
Categories: NEWS: Business and Financial
EU May Broaden U.S. Biodiesel Tariffs
The EU is preparing to investigate whether U.S. biodiesel producers are routing their product to Europe through third countries in order to avoid tariffs imposed on U.S. shipments last year.
Categories: NEWS: Business and Financial
Merck's Profit Falls 52%
Merck reported a 52% drop in profit, as the drug maker booked merger and restructuring costs.
Categories: NEWS: Business and Financial
Chevron's Profit Soars
Chevron's earnings more than tripled as the oil company benefited from increased production and prices, plus stronger refining margins.
Categories: NEWS: Business and Financial
Deal Boosts Li's Standing in U.K.
Tycoon Li Ka-shing's $9.1 billion acquisition of three U.K. power grids from Electricite de France will give him control of about a quarter of the country's power distribution.
Categories: NEWS: Business and Financial
Geron to Resume Stem-Cell Study
Geron can proceed with early testing of an embryonic-stem-cell treatment for spinal-cord injuries after the FDA lifted a nearly yearlong hold on the trial.
Categories: NEWS: Business and Financial
Six More Insurers Subpoenaed by Cuomo
Genworth Financial Group, Unum Group and New York Life Insurance were among life insurers subpoenaed by New York Attorney General Cuomo in his probe of payouts to policy beneficiaries.
Categories: NEWS: Business and Financial
Carlyle Sets First Close of China Fund
The U.S. private-equity firm announced the first closing of a yuan-denominated fund after raising the equivalent of $350 million.
Categories: NEWS: Business and Financial
Congress Passes Lean Airline Safety Bill
U.S. legislators, deadlocked over a comprehensive airline-safety bill, have compromised on a slimmed-down measure to enhance pilot training and airline safety.
Categories: NEWS: Business and Financial
Honda, Mazda Improve Bottom Lines
Japanese auto makers Honda and Mazda said that sales was growing strong in Asia and North America as both reported improved earnings on the quarter.
Categories: NEWS: Business and Financial
BP's Hayward Defends Tenure, Spill Response
Tony Hayward, the departing chief executive of BP, is unrepentant about how the energy giant responded to the U.S.'s largest offshore oil spill.
Categories: NEWS: Business and Financial
BA, Virgin Sound Optimistic
British Airways and Virgin Atlantic signaled that the pace of recovery is picking up after one of the toughest economic downturns in decades.
Categories: NEWS: Business and Financial
Snafus Plague New Zealand iPhone Debut
Hundreds of customers in New Zealand hoping to buy Apple's new iPhone 4 were turned away Friday, in what one frustrated would-be buyer called a "nightmare" for customers.
Categories: NEWS: Business and Financial
EADS Raises Full-Year Forecast
EDF said first-half net profit halved, but the company raised its earnings forecast for the full year on increased aircraft deliveries and an improved exchange rate.
Categories: NEWS: Business and Financial
PPR's Net Profit Doubles
PPR said restructuring efforts and a pickup in luxury consumption helped its net profit more than double.
Categories: NEWS: Business and Financial
Cheung Kong Buys EDF's U.K. Assets
A consortium led by Cheung Kong Infrastructure agreed to pay $9.05 billion for Electricite de France's U.K. electricity distribution networks.
Categories: NEWS: Business and Financial
Japanese Banks Post Solid Results
Japan's leading banks saw solid net profits gains in the first quarter of their fiscal year as the number of bad loans decreased significantly.
Categories: NEWS: Business and Financial
Disney to Sell Miramax
Walt Disney Company said it will sell Miramax Films to Filmyard Holdings for more than $660 million.
Categories: NEWS: Business and Financial
Nomura Profit Falls 80%
Nomura Holdings' net profit dropped 80% as commission revenue from investment banking decreased sharply and profits from trading operations shrank.
Categories: NEWS: Business and Financial
AIG Hires Citi for AIA IPO
American International Group has added Citigroup to the list of global coordinators for the listing of a stake in its largest overseas life-insurance business this fall.
Categories: NEWS: Business and Financial
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