FRANKFURT, Germany – The European Central Bank is expected to say how it plans to ease back next year on its stimulus programs that are credited with a boom in the 19-country eurozone. Continue Reading Below The bank will decide Thursday how quickly to reduce the 60 billion euros ($71 […]
FOX Business News
Pfizer to launch consumer health sale in November -sources
Pfizer plans to kick off an auction process for its consumer healthcare business in November, paving the way for a potential $15 billion-plus sale of the headache pill to lip balm business, sources close to the matter told Reuters. Continue Reading Below Several global companies, including GlaxoSmithKline and Reckitt Benckiser, […]
EU top court says bridge card game is no sport
BRUSSELS – The European Union’s top court now has a ruling on something that vexes sports fans and card players alike: is a game like bridge a sport? It says it’s not. Continue Reading Below The European Court of Justice announced in Thursday’s ruling that “bridge, which is characterized by […]
LG’s mobile business reports bigger loss as chip prices rise
SEOUL, South Korea – LG Electronics Inc. reported Thursday a wider loss from its mobile business even as overall business stayed profitable, as prices of mobile components jumped. Continue Reading Below The South Korean electronics company said that its mobile business lost 375 billion won ($334 million) during the July-September […]
House GOP moves to pass budget, start tax debate
WASHINGTON – House Republicans are focusing squarely on tax cuts rather than deficit discipline as they look to shoehorn a GOP budget plan through the House. Continue Reading Below Passage of the $4 trillion budget measure on Thursday would pave the way for Republicans controlling Washington to pass a 10-year, […]
Asia shares drift after US fall, before Europe bank meeting
HONG KONG – Asian shares were drifting Thursday as Wall Street’s retreat from recent record highs and a widely awaited European Central Bank meeting gave investors reason to pause. Continue Reading Below KEEPING SCORE: Japan’s benchmark Nikkei 225 index edged 0.1 percent higher to 21,731.52 while South Korea’s Kospi dipped […]
Barclays third-quarter profit rises
Barclays on Thursday announced an increase in third-quarter net profit, helped by a fall in conduct and operating costs. Continue Reading Below The British bank said revenue in the quarter was down 5% to GBP5.17 billion ($6.9 billion) compared to a year ago, as bond trading revenues slumped. Net-profit rose […]
Nokia net loss widens amid weak networks market
Nokia on Thursday reported a widened third-quarter net loss, missing expectations, as the company warned that the mobile networks market would fall more than previously expected this year. Continue Reading Below The Finnish telecommunications company said the net loss for the three-month period ended Sept. 30 was 183 million euros […]
Cost cuts, lower legal expenses boost Deutsche Bank profit
FRANKFURT, Germany – Deutsche Bank said Thursday that net income for the third quarter more than doubled as the bank cuts costs, and works past fines and settlements stemming from past misconduct. Continue Reading Below Net income hose risen to 649 million euros ($766 million) from 278 million a year […]
Kansas community fights becoming a ‘chicken town’ and wins
TONGANOXIE, Kan. – When Shannon Reischman takes in the sweeping view from the big hill behind her in-laws’ farmhouse outside the northeastern Kansas town of Tonganoxie, she sees a rural oasis that’s an easy commute to Kansas City-area jobs. Continue Reading Below Tyson Foods Inc. looked at the bedroom community […]