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Airbus delays A350 after glitch, EADS lifts forecasts

Top Finance News - Fri, 07/27/2012 - 2:20am
European planemaker Airbus delayed the introduction of its newest passenger jet, the carbon-composite A350, as parent EADS unveiled better-than-expected second-quarter earnings lifted by resilient demand ...

Insight: Banks bristle at breakup call from Sandy Weill

Top Finance News - Fri, 07/27/2012 - 12:45am
Sandy Weill has a lot of convincing to do. The former Citigroup Inc CEO, who was in many ways the architect of the "too big to fail" giant bank system, dropped a bombshell on Wall Street on Wednesday ...

Samsung sold 50.5 million smartphones in second quarter, almost twice what Apple sold: report

Top Finance News - Thu, 07/26/2012 - 11:30pm
Samsung Electronics Co, the world's top smartphone maker, sold 50.5 million smartphones in the second quarter, stretching its lead over rival Apple Inc, a report by research firm StrategyAnalytics showed. ...

Exclusive: U.S. weighs retail sweep after Wal-Mart bribery scandal

Top Finance News - Thu, 07/26/2012 - 10:25pm
U.S. authorities are considering launching a wide-ranging examination of the retail industry for violations of an anti-foreign bribery law, after Wal-Mart and other retailers have come forth with their ...

Facebook revenue growth skids, shares plunge

Top Finance News - Thu, 07/26/2012 - 9:10pm
Facebook Inc reported a drastic slowdown in revenue growth and failed to offer financial forecasts to quell fears about its ability to boost advertising growth, sending its shares plummeting to a record ...

Amazon's profit margin rises as new businesses grow

Top Finance News - Thu, 07/26/2012 - 9:10pm
Amazon.com Inc reported quarterly results on Thursday that showed the growth of new businesses is boosting the profit margins of the world's largest Internet retailer. The company's product revenue, which ...

Smartphones power record Samsung profit of $5.9 billion during Apple lull

Top Finance News - Thu, 07/26/2012 - 9:10pm
Samsung Electronics Co, the world's top technology firm by revenue, reported on Friday a record profit of $5.9 billion for the June quarter, as rampant sales of its Galaxy S mobile phone helped stretch ...

Japan core CPI falls, deflation set to persist

Top Finance News - Thu, 07/26/2012 - 9:10pm
Japan's core consumer prices unexpectedly fell in June from the same period a year earlier as energy prices weakened, and mild deflation is likely to persist given companies are reluctant to raise wages ...

Exclusive: U.S. weighs retail sweep after Wal-Mart bribery scandal

Top Finance News - Thu, 07/26/2012 - 7:55pm
U.S. authorities are considering launching a wide-ranging examination of the retail industry for violations of an anti-foreign bribery law, after Wal-Mart and other retailers have come forth with their ...

Repsol: found Argentina shale oil before YPF takeover

Top Finance News - Thu, 07/26/2012 - 7:55pm
Spanish energy company Repsol said on Thursday it found Argentina's first shale oil resource outside the giant Vaca Muerta field shortly before the government seized control of its YPF unit in April. The ...

Facebook revenue growth skids, shares plunge

Top Finance News - Thu, 07/26/2012 - 6:30pm
Facebook Inc reported a drastic slowdown in revenue growth and failed to offer financial forecasts to quell fears about its ability to boost advertising growth, sending its shares plummeting to a record ...

Amazon may have third-quarter loss on heavy spending

Top Finance News - Thu, 07/26/2012 - 6:30pm
Amazon.com Inc forecast a possible loss in the current quarter on Thursday as the world's largest Internet retailer spends heavily on warehouses, technology and digital content. Shares of the company slipped ...

Google unveils ultrafast Internet/TV in Kansas City

Top Finance News - Thu, 07/26/2012 - 6:30pm
Google Inc made its foray into the market for bundled Internet and television services on Thursday, promising access speeds more than 100 times faster than those of traditional U.S. cable and telecommunications ...

Exclusive: Human Genome rejected Amgen's $7 billion bid in 2010: sources

Top Finance News - Thu, 07/26/2012 - 6:30pm
Amgen Inc, the world's largest biotech company, had offered to acquire Human Genome Sciences Inc for $35 per share two years ago, but the preliminary $7 billion bid was rejected by its smaller U.S. rival, ...

Ford recalls 484,600 Escape SUVs for throttle problem

Top Finance News - Thu, 07/26/2012 - 6:30pm
Ford Motor Co is recalling 484,600 older model Ford Escape SUVs, most of them in the United States, because their throttles can be stuck open, U.S. safety regulators said. Ford Escapes from the 2001-2004 ...

Investors demand hedge funds show clean hands on Libor

Top Finance News - Thu, 07/26/2012 - 6:30pm
Investors are pushing some of the world's biggest hedge funds to show that their traders played no part in the interest rate rigging scandal plaguing major banks. These hedge funds have responded with ...

Spain feels debt heat, Greece way off bailout terms

Top Finance News - Thu, 07/26/2012 - 6:30pm
Spain paid the second highest yield on short-term debt since the birth of the euro at an auction on Tuesday, and EU officials said Greece had little hope of meeting the terms of its bailout, casting fresh ...

Toyota regains top global auto sales spot, with VW in pursuit

Top Finance News - Thu, 07/26/2012 - 6:30pm
Toyota Motor Corp regained the lead in global car sales over General Motors Co in the first half, with Volkswagen AG poised to move past GM and push the U.S. automaker into third place for the full year. ...

Analysis: India's shopping malls lose bustle as economy cools

Top Finance News - Thu, 07/26/2012 - 6:30pm
The biggest shopping mall in Mumbai, one of the world's most crowded cities, can feel like a pretty lonely place. Eight months ago, multi-storied Phoenix Market City opened for business in the eastern ...

Facebook Earnings Hit Target; Stock Hits All-Time Low in After Hours

Top Finance News - Thu, 07/26/2012 - 5:20pm
Facebook hit Wall Street's bullseye on earnings and revenue was a slight beat but the stock fell below its all-time low of $25.52 a share in after-hours trading as worries about its future growth persist....

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