Monthly Archives:  February 2013

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• Pfizer to Novartis Seen Gaining as Drought Ends: Health

  Full Story | 14th February 2013
  Pharmaceutical stocks, which have soared in the past year to valuations not seen since 2001, are poised to extend their rally as investors grow more confident the industry has weathered a decade-long shortage of new .

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• Nestle Reports Slowest Annual Sales Growth in Three Years

  Full Story | 14th February 2013
  Nestle SA, the world’s largest food company, reported the slowest sales growth in three years on decelerating revenue in emerging markets and weak consumption in Europe.Weakening pricing power has dented sales growth in emerging markets .

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• BNP Paribas 4th-Quarter Net Falls 33% on Italy Writedown

  Full Story | 14th February 2013
  BNP Paribas SA, France’s largest bank, posted a 33 percent decline in fourth-quarter profit, missing estimates, on a goodwill writedown at its Italian branch network and an accounting charge tied to its own debt.BNP Paribas, .

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• Dreamliner Customers Turn to 30-Year-Old Planes for Fleet

  Full Story | 13th February 2013
  Airlines waiting for the state-of- the-art Boeing Co. 787 Dreamliner to return to the skies are relying on 30 year-old planes to fill gaps in their routes.LOT Polish Airlines SA, the only European carrier so .

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• Societe Generale Posts Fourth-Quarter Loss on Writedown

  Full Story | 13th February 2013
  Societe Generale SA, France’s second-largest bank, posted a fourth-quarter loss after writing down its stake in derivatives broker Newedge Group and setting aside 300 million euros ($403 million) for legal expenses.The net loss was 476 .

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• Apple Said to Have Team Developing Wristwatch Computer

  Full Story | 13th February 2013
  Apple Inc. has a team of about 100 product designers working on a wristwatch-like device that may perform some of the tasks now handled by the iPhone and iPad, two people familiar with the company’s .

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• Advance your Career

  Full Story | 12th February 2013
  New career opportunities are now available..

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• Barclays to Cut 3,700 Jobs After Full-Year Loss

  Full Story | 12th February 2013
  Barclays Plc, the first U.K. lender to report results for 2012, will eliminate 3,700 jobs to reduce annual costs by 1.7 billion pounds ($2.6 billion) after posting its first full-year loss in more than two .

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• Slim’s Mexico Apple Retailer Sanborns Gains on Debut

  Full Story | 11th February 2013
  Grupo Sanborns SAB, Carlos Slim’s Mexican retailer of Apple Inc. computers, rose on its first day of trading after an initial public offering yesterday that was priced in the bottom half of its projected price .

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• RBS to Face Up to $783 Million Libor Manipulation Fine

  Full Story | 6th February 2013
  Royal Bank of Scotland Group Plc is set to pay 400 million to 500 million pounds ($783 million) in fines for manipulating interest rates, the second-largest penalty imposed in a global regulatory probe, two people .