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Friday, February 5, 2016
Food giant Yum Brands' sales are mixed in China, climb in the United States
Yum Brands on Wednesday reported mixed quarterly results for its troubled China unit, which the company is spinning off.
Merck & Co. posted an 87 percent drop in fourth-quarter profit compared with last year, when the drugmaker had a huge gain from the sale of its consumer health business. It beat Wall Street profit forecasts, but came up short on revenue.
Credit Suisse is cutting roughly 4,000 jobs to reduce costs after announcing a massive pre-tax loss in the fourth quarter that includes "substantial charges which are not reflective of our underlying business performance," the bank said Thursday.
Honda is recalling an additional 2.2 million Honda and Acura vehicles because the driver's air bag inflators made by Takata can explode and hurl shrapnel into the passenger compartment.
The Vermont ice cream maker has created four flavors using a certified vegan almond milk base. Available are the classic Chunky Monkey and Chocolate Fudge Brownie flavors, plus a couple of new ones: Coffee Caramel Fudge and P.B. and Cookies. The P.B. and Cookies variety is a vanilla nondairy frozen dessert with chocolate sandwich cookies and crunchy peanut butter swirls.
Thursday, February 4, 2016
US, 11 other countries sign free-trade deal in New Zealand
WELLINGTON, New Zealand -- Trade ministers from 12 Pacific Rim countries including the United States gathered Thursday in New Zealand for the ceremonial signing of a free-trade deal they say will significantly boost trade.
The economic recovery in the 19-country eurozone lost steam in January, a closely watched survey found Wednesday, a sign that the turmoil in global financial markets is beginning to weigh on business activity.
Yahoo cuts 1,700 workers in company shake-up
Yahoo is laying off about 1,700 employees and shedding some of its excess baggage in a shake-up likely to determine whether CEO Marissa Mayer can save her own job.
Innolux Corp. (群創), one of Taiwan's leading flat panel makers, said that it suffered losses in the fourth quarter of last year in reflection of falling product prices, but was still profitable for the entirety of 2015.
Strong earnings in North America and China and a reversal of fortunes in Europe powered General Motors to a record net profit of USUS$9.7 billion last year.
  
  
  
  
  
  
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