US Steel 4Q loss narrows, revenue rises 12 pct

U.S. Steel says its fourth-quarter loss narrowed, as strong demand for its pipes from the oil industry boosted its sales.
The Pittsburgh-based steel company also says […]

RBS CEO turns down bonus amid criticism of payout

Royal Bank of Scotland chief executive Stephen Hester will not be accepting a 1 million pound ($1.5 million) bonus that drew criticism from British public […]

Solutia and Eastman: corporate snapshots

Solutia Inc.
Headquarters • Town and Country
CEO • Jeffry Quinn
Products • Laminated architectural and automotive glass; performance films for cars and buildings; chemicals for rubber and […]

Cameron Says Transaction Tax Madness, Urges Euro Area to Do More - Bloomberg

U.K. Prime Minister David Cameron said it would be

Conoco says reaches China spill compensation deal

ConocoPhillips said Wednesday that it and China National Offshore Oil Corp. reached a $160 million agreement to settle compensation claims from oil spills off northeastern […]

Home sales continue to improve

Home sales ended a difficult year on a high note, resulting in a gain in full-year sales volume.
The National Association of Realtors reported that […]

Egypt’s Islamists secure 75 percent of parliament

Egypt’s election commission and political groups say final results from the country’s first elections since the ouster of Hosni Mubarak show Islamist parties winning nearly […]

Going smaller and cheaper helps home builders survive

Last summer, Marie Davis was living in an 800-square-foot, one-bedroom apartment and not liking it. A single woman of 27, she wanted bigger and better.
“I […]

Carnival stock, profits hit from cruise disaster

Shares of Carnival plummeted in U.S. trading Tuesday after the cruise line operator said it may suffer a more than $100 million hit to […]

Novartis to cut nearly 2,000 U.S. jobs

The Swiss drugmaker Novartis is cutting nearly 2,000 jobs in the United States, anticipating the impending loss of patent protection on its blockbuster drug […]