BP PLC has raised its quarterly dividend by 14 percent after posting double-digit gains in profit and revenue in the last three months of 2011 despite further big payments to compensate for the disastrous oil spill in the Gulf of Mexico. more... |


BP PLC has raised its quarterly dividend by 14 percent after posting double-digit gains in profit and revenue in the last three months of 2011 despite further big payments to compensate for the disastrous oil spill in the Gulf of Mexico. more... |
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Stocks were trading lower on Tuesday as talks dragged on in Greece to agree the terms of a second bailout - and avoid looming bankruptcy - despite intense pressure from the country's euro partners.
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Toyota's quarterly profit slid 13.5 percent on production setbacks caused by last year's tsunami disaster and the flooding in Thailand, but Japan's top automaker raised its annual earnings forecast, saying a recovery is on track.
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Asian stock markets fell Tuesday as talks dragged on to resolve a massive debt mess in Greece before it explodes into a wider financial crisis.
Benchmark oil hovered below $97 per barrel while the dollar rose against the euro and the yen. |
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Newspaper publisher Lee Enterprises Inc. is seeking shareholder approval for a reverse stock split that would combine as many as five shares into one.
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Phone company Verizon Communications Inc. will challenge Netflix and start a video streaming service this year with Redbox and its DVD rental kiosks.
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Yum Brands Inc., owner of the Pizza Hut, Taco Bell and KFC fast-food chains, said Monday that its fourth-quarter profit rose 30 percent with a recipe of strong overseas growth mixed with a sales turnaround at Pizza Hut in the U.S.
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Coinstar's fourth-quarter earnings soared past analyst estimates as the company's Redbox kiosks for renting DVDs picked up customers who stopped getting their discs through Netflix's rival service.
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POOF GO THE PROFITS: Companies in the S&P 500 earned an estimated 5.8 percent more last quarter than a year ago. Since the start of 2010, profits have grown five times as fast in an average quarter. And nearly all of last quarter's rise came from Apple...
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Fisker Automotive, an electric car maker that received a half-billion-dollar loan from the federal government, said Monday that it has laid off workers in Delaware and California.
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The Brazilian government privatized operations at three of the nation's main airports on Monday, awarding $14 billion in contracts to three consortiums that will expand and run terminals amid booming demand and ahead of the 2014 World Cup.
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Key barometers in the Treasury market late Monday, compared with late Friday. Price changes in the 10-year note and 30-year bond are per $100 invested:
Today Previous session |
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It was a blue Christmas for Hasbro. The No. 2 toy maker said Monday that its fourth-quarter profit slipped 1 percent, pinched by softer-than-expected demand in the U.S. and Canada and slow sales of games and puzzles during the key holiday season.
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GREECED: The Dow dropped 17 points and other stock indexes dropped slightly as talks dragged on between Greek political leaders over a fresh cost-cutting measures required for Greece to get more bailout loans.
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Boeing said on Monday that repairs are needed in the tail sections of some of its new 787s, although it said there's no immediate safety concern.
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Stocks that moved substantially or traded heavily Monday on the New York Stock Exchange and Nasdaq Stock Market:
NYSE Humana Inc., down $4.87 at $85.25 |
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