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2:00am
Suppliers of oil sands fuel shunned
...to avoid suppliers that source fuel from Canada's oil sands to curb their carbon footprints.The decisions by Whole Foods Market, an organic grocery chain, and Bed Bath & Beyond, a household goods company, underline how industry is moving to fill the... By Sheila McNulty in Houston
February 7, 2010
Investors trust in happy end to US book drama
Barnes & Noble and Borders, the two US national bookstore chains, have both been struggling to attract customers amid By Jonathan Birchall in New York
February 9, 2010
Hartford swings to $557m profit in Q4
...return to profitability in the quarter coincided with the arrival of Liam McGee, former head of retail banking at Bank of America, who was named chief executive of The Hartford in late September.“The Hartford’s fourth-quarter results represent a...business had net income of $508m for the quarter, driven largely by gains in the small commercial sector and the middle market. The division earned $291m during the comparable period a year earlier.The company’s life insurance business generated... By Greg Farrell in New York
February 9, 2010
Filing reveals Chinese wealth fund’s exposure
...showed that CIC’s largest US stock market investments were in miner Teck Resources...including Wells Fargo, Citigroup, Bank of America and AIG. CIC, which is only about 30 months...concerns about the US dollar, North America is the most popular destination for CIC...Thomson Financial, followed by Latin America.CIC’s 9.9 per cent stake in Blackstone... By Henny Sender in New York
February 8, 2010
Thain back from wilderness to head CIT
...the CIT Group, the troubled middle-market financial company that emerged from bankruptcy...the 94-year-old company to Bank of America, followed by his own dismissal a short time...financing to small businesses and middle-market companies, enjoyed several years of...unprepared for the collapse of the US housing market in 2007 and subsequent credit crisis... By Greg Farrell in New York
February 3, 2010
BMW and Peugeot in car venture
...build more than 10m car sales in 2018, after selling 6.3m cars in the past year.The group wants to unseat the Japanese world market leader Toyota and aims for a pre-tax profit margin in excess of 8 per cent by 2018.ends By Daniel Schäfer in Frankfurt
February 19, 2009
US bank stocks fall to 17-year low
...heavy selling of key names – Bank of America and Citigroup were once again among the...good reason,” said Marc Pado, chief market strategist at Cantor Fitzgerald...sectors helped pare the losses in the wider market, which drifted between losses and...discretionaries also outperformed. Whole Foods Market bounced 37.2 per cent to $12.75... By Alistair Gray in New York
January 27, 2010
Whole Foods eyes discounts for healthy staff
Whole Foods Market, the largest US natural and organic supermarket, is to start offering its healthier workers higher discounts on their grocery... By Jonathan Birchall in New York
8:18pm
Patsystems benefits from rapid growth in Asia
...with Lehman Brothers and enjoyed rapid advances in the Asian market.Patsystems full-year results to December 31 Sales Pre-tax...systems remain less affected than in western Europe and North America.Beneficial currency movements helped raise revenue for...full technology suite for TurkDEX, the Turkish derivatives market.The group’s main trading systems business saw turnover... By Philip Stafford
January 31, 2010
Market crash the final nail in DB coffin
...officially dealt a fatal blow during the 2008 market crash, according to David Steyn, chief...the equity markets since the March 2009 market bottom has not done much to ease those...released studies by Mercer and Bank of America-Merrill Lynch. According to the papers...from healthy. In its study, Bank of America reported that at the end of 2009, companies... By Paul O’Dowd