Business and Finance News
 Fund-poor schools close in Missouri
Detroit News.Net
In the US, the school board in Kansas City has decided to close 26 of the city's 59 public schools to keep the district afloat financially. Forbes says Gates no longer the world's richest
Detroit News.Net
Mexican tycoon Carlos Slim is the world's richest person, knocking Microsoft founder Bill Gates into second spot, as the wealth of the world's billionaires grew by 50 per cent over the last year.  Chinese cars to be built in US
Detroit News.Net
The Los Angeles Business Journal has reported that Chinese car maker BYD may build an assembly plant in Los Angeles County. World Airlines See Blue Skies Ahead
Seattle Post-Intelligencer
GENEVA -- Global airlines are undergoing a surprisingly strong recovery with Asian and Latin American carriers leading the way, the leading industry group said Thursday, halving its loss forecast for ... Bp's Slide After $7bn Deal Helps Drag Ftse Lower
Guardian
has unveiled plans for a $7bn spending spree in the Brazil and the Gulf of Mexico.It has agreed to pay that amount to US producer Devon Energy for assets in the region which will help it meet its prod... Further Cuts Loom At Johnston Press
Guardian
today reported a 56% fall in pre-tax profits last year to £43m .The publisher of the Scotsman and Yorkshire Evening Post said like-for-like ad revenues fell by 26.5%, while total group revenues plung... Asian Stocks Lower Amid Spike In China Inflation
Examiner
(AP Photo/Eugene Hoshiko)Investors look at a stock price monitor at a private securities company Wednesday, March 10, 2010 in Shanghai, China. Chinese shares have ended a three-day rally and fell amid... Union To Consider Ba Strike Dates
BBC
Union leaders representing British Airways cabin crew will meet later to decide whether to call strike dates.It comes after talks between BA and the Unite union aimed at averting strike action broke d... High-speed Rail Line Plan Awaited
BBC
Plans for a new high-speed rail network, featuring 250mph trains, will be published by the government later.A White Paper will recommend a route for a new line between London and Birmingham with a fut... Morrisons Profit Up On New Stores
BBC
Supermarket group Morrisons has reported a 30% rise in annual profits after it opened more stores.The Bradford-based group said pre-tax profits rose to £858m in the year to 31 January, from &pou... Value Food Range Fuels Morrisons Profit Rise
Sky News
Britain's fourth-biggest grocer, whose new chief executive Dalton Philips starts later this month, made £767m profit last year, before tax. Sales of its own label value range rose 34% in the year, w... Earnings Watch: Updates, Advisories And Surprises
Market Watch
-1.66% ) said Thursday its fourth-quarter net profit declined 93% to 15.6 million euros ($21.3 million) from 226.4 million euros in the same period a year ago. Revenue rose 11% to 1.06 billion euros... European Shares Edge Lower In Early Trading
Fox Business
LONDON -- European shares edged lower on Thursday, with metal and mining stocks under a bit of pressure following broker downgrades for Kazakhmys , down 1.7%, and ArcelorMittal , down 1.1%. Elsewere,... Delhaize Profit Down 10% As U.s. Prices Drop
Fox Business
LONDON -- Belgian food retailer Delhaize Group said Thursday that its fourth-quarter net profit slipped 10% to 134 million euros ($183 million) as revenue dropped 10% to 4.87 billion euros. The group... K+s Ag's Fourth-quarter Profit Falls 93%
Fox Business
FRANKFURT -- German chemical firm K+S AG said Thursday its fourth-quarter net profit declined 93% to 15.6 million euros ($21.3 million) from 226.4 million euros in the same period a year ago. Revenue... Basilea: J&j Seeks Europe Rehearing On Skin Drug
Fox Business
TEL AVIV -- Basilea Pharmaceutica AG, the Basel drugmaker, said on Thursday that a Johnson & Johnson subsidiary asked the European Committee For Medicinal Products for Human Use to re-examine its rej... Skanska Gets Brazil Refinery Construction Deal
Fox Business
LONDON -- Skanska said that it has been awarded a contract by Petrobras to construct the first phase of a new refinery for crude oil in Brazil. The total contract value is $623 million, of which Skan... Old Mutual May List One U.s. Unit, Sell Another
Fox Business
LONDON -- U.K. insurance and investments group Old Mutual said Thursday it expects to list a minority shareholding in its U.S. asset management business and will explore the sale of its U.S. life ins... William Morrison Supermarket Net Profit Rises 30%
Fox Business
LONDON -- William Morrison Supermarkets said Thursday that its net profit rose to 598 million pounds, from 460 million pounds a year ago. Sales climbed to 15.4 billion pounds, from 14.5 billion pound... Home Retail Sees Profit Ahead Of Expectations
Fox Business
LONDON -- Home Retail Group said Thursday that it expects its fiscal-year pretax profit to reach 290 million pounds, which it said will be slightly ahead of market expectations. In the final 8 weeks ... Astrazeneca Agrees Generics Deal With Torrent
Fox Business
LONDON -- Drug maker AstraZeneca on Thursday said it's signed a license and supply agreement with Torrent Pharmaceuticals. Torrent will supply AstraZeneca with a portfolio of generic medicines for wh... Lufthansa Aims To Grow Operating Profit In 2010
Fox Business
FRANKFURT -- Deutsche Lufthansa AG said Thursday it expects a slight recovery of revenues for the current business year. Its newly acquired companies will likely not be profitable in 2010, but the Ge... Bp To Pay Devon $7 Billion For Oil Fields
Reuters
The companies said on Thursday that BP has also agreed to sell Devon a 50 per cent stake in its Kirby oil sands interests in Alberta, Canada, for $500 million. Eads Sees No Financial Hit From U.s. Tanker Loss
Reuters
"We can't say this would have an immediate financial impact for us. It is roughly 15 planes a year and we produce 500 annually, so this is not something that will disrupt the balance at EADS," Louis G... China's Inflation Accelerates In February
ABCNews
China's inflation spiked higher in February, adding to pressure on Beijing to prevent overheating and keep the recovery in the world's third-largest economy on track. Democrats, White House Close In On Health Bill
ABCNews
A final agreement nearly in hand, President Barack Obama and Democratic leaders are about to embark on one last sales job that will determine the outcome of the president's signature health care overh... Safety Agency Under Spotlight In House Hearing
ABCNews
Toyota's massive recalls are bringing new scrutiny to the government's auto safety agency, prompting Congress to look at how federal safety officials have lived up to their mission of protecting motor... Greece Paralyzed By Strike Over Austerity Plan
ABCNews
Members of Greece's main GSEE trade union hold a mock funeral with a coffin standing for the Greek economy surrounded by wreaths from Greece's international partners in central Athens on Wednesday, Ma... Kali+salz' Q4 Net Income Falls 93 Pct To $22m
ABCNews
German salt and fertilizer company Kali+Salz AG said Thursday that its fourth-quarter net income plunged 93 percent to euro16 million ($22 million) as the downturn significantly affected demand in glo...
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