Economic News Articles
RBS Bonus Draws Criticism
News of the bonus award for RBS's chief executive provoked an outburst of criticism Friday, with some saying the nearly £1 million award was too big amid broader economic malaise....EU Rules Out New Shale Gas Regulation
There is no need for new legislation to regulate shale gas exploration in the European Union, according to a study that proposes the bloc adopt a low profile on the controversial issue....Founder of Implant Maker Faces Probe
The founder of a French company that made faulty breast implants was put under formal investigation for unintentional injury by a Marseille investigating magistrate....D.R. Horton Swings to Profit
D.R. Horton swung to the black in its fiscal first quarter on a double-digit jump in home-building revenue and showed optimism for the spring selling season....Altria Earnings Drop 9%
Altria's fourth-quarter earnings fell 9% as charges offset revenue growth, while the tobacco company named Vice Chairman Martin J. Barrington chairman and chief executive to succeed the retiring Michael E. Szymanczyk....NTPC Profit Drops 10%
State-run Indian utility NTPC reported a steeper-than-expected 10% drop in third quarter net profit because of higher fuel costs and as depreciation and interest expenses rose after it added new power plants....Rio Tinto Moves In on Ivanhoe, Mongolia Project
Rio Tinto said it expects to make management changes at Ivanhoe Mines and may seek direct ownership in the massive Oyu Tolgoi copper-and-gold project in Mongolia....Honeywell Books Loss on Pension Costs
Honeywell posted a $310 million quarterly loss on pension-related costs, but saw robust demand for its aerospace and control-systems products....Murdoch to Quit Glaxo Board
As he grapples with the fallout from News Corp.'s phone-hacking scandal, deputy chief operating officer James Murdoch is resigning from the board of drug giant GlaxoSmithKline....
UPS Changes Accounting Method
United Parcel Service said it will record an $827 million pretax charge in the fourth quarter as it changes the way it accounts for gains and losses in its pension plans....Elpida Mulls Capital Ties With Rivals
Executives at Elpida Memory have floated the idea of capital ties with U.S. and Taiwanese rivals, as the struggling Japanese chip maker tries to ensure support from creditors....Legg Mason Profit Drops 54%
Legg Mason's fiscal third-quarter earnings fell 54% as the money manager saw a drop in advisory fees....Codelco CEO Confident of Winning Sur Complex Battle
Codelco's CEO said the Chilean state-run miner expects to win its legal fight with Anglo American over a prized copper complex....Read more: Codelco CEO Confident of Winning Sur Complex Battle
News Corp. in Talks to Hire Bloomberg Executive
News Corp. is in serious talks to hire former Bloomberg chief executive Lex Fenwick to be the new chief of Wall Street Journal publisher Dow Jones....
