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World Business News

AIG profit boosted by tax benefit

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nsurance giant AIG has reported a big increase in fourth-quarter profit, due to a $17.7bn (£11.2bn) tax benefit.

Readmore..... Friday, 24 February 2012 04:02
 
   

Barack Obama: No 'silver bullet' to reduce gas prices

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US President Barack Obama has warned that there are no "silver bullets" for bringing fuel prices down quickly.

Readmore..... Friday, 24 February 2012 03:56
 
   

Coal India Q3 net jumps 54 pct on higher volumes, prices

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State-run miner Coal India (COAL.NS) posted a better-than-expected 54 percent rise in its December-quarter net profit, helped by strong production volumes and a price increase effected last February.

Readmore..... Thursday, 23 February 2012 04:27
 
   

Wal-Mart holiday price cuts hit profits

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Wal-Mart Stores Inc's price cuts hurt its fourth-quarter profit, reminding investors that steps the world's largest retailer is taking to bring back shoppers do come at a cost.

Readmore..... Thursday, 23 February 2012 04:21
 
   

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