Amazon Shares Drop as Revenues Fall Short
Even a 35 percent increase in revenues in the fourth quarter was almost $1 billion short of analysts’ expectations, and the outlook for this quarter was disappointing.
Miesiąc: Styczeń 2012
Pfizer and Eli Lilly, Squeezed by Generics, Top Forecasts
The fourth quarter was the first without patent protection for both Pfizer and its blockbuster cholesterol drug Lipitor, and Lilly, which markets Zyprexa, long its biggest product.
DealBook: Former Head of R.B.S. to Lose Knighthood
Frederick A. Goodwin, the former chief executive of the Royal Bank of Scotland, which had to be rescued by the British government in the financial crisis, will lose his honor.
French Report Faults Indecision on Nuclear Industry
The French Court of Audit said the country must either sharpy increase investment in new electricity production or extend the lives of its existing plants if it wants to maintain output at current levels.
F.D.A. Approves Cystic Fibrosis Drug
The Food and Drug Administration called Kalydeco a “breakthrough therapy” because it treats the underlying cause of the genetic disease, rather than just the symptoms.
Deal Professor: A Debt Market’s Slow Recovery Is Burdened by New Regulation
Collateralized loan obligations, an important source of capital for many businesses, have made a modest comeback since the financial crisis. Now their revival is under threat from well-intentioned regulators, the Deal Professor says.
Hopes Now Shift to E.C.B. in Finalizing Greek Bailout
Officials say a deal involving the central bank’s holdings of Greek bonds could bridge a crucial funding gap and clear the way for the next bailout.
Rare Earth Metal Refinery Nears Approval in Malaysia
The plant in Malaysia met protests over radiation fears, regulatory challenges and loss of a supplier, but its licensing appears imminent.
DealBook: Britain to Strip Banker of Knighthood
Frederick A. Goodwin, the former chief executive of the Royal Bank of Scotland, which had to be rescued by the British government in the financial crisis, will lose his honor.
Bits Blog: For New Store Chief, Apple Looks Outside
John Browett, the former chief of Dixons Retail, a British-based store chain, will become Apple’s senior vice president overseeing retail efforts.
Dassault Chosen to Bid on $10 Billion Indian Military Contract
The French aviation company edged out a European consortium as preferred bidder for the coveted contract from one of the world’s biggest arms importers.
Swiss Turn Over Encrypted Bank Data to U.S. Prosecutors
The Finance Ministry delivered information on Swiss bank employees who served American clients, but said the data will remain encrypted until a tax dispute is settled.
DealBook: Britain Fines Former Top Executive at J.C. Flowers
Britain’s financial regulator has levied a 2.87 million ($4.52 million) fine against Ravi Sinha, who formerly led the British operations of the private equity firm J.C. Flowers, for using a fraudulent invoicing scheme to pocket millions of dollars.
Higher Oil Prices Lift Profit at Exxon
The company said fourth-quarter earnings rose 2 percent to $9.4 billion as higher oil prices made up for a drop in production.
Hopes of Greek Progress Shore Up Markets
Markets clawed back lost ground on hopes that Greece is heading toward a conclusion of debt-reduction talks with private creditors and that it may secure its second bailout package this week.
Apple Names European Executive to Head Retail Operations
Apple has named John Browett, chief executive of Dixons Retail, as its top retail executive, charged with developing the sales strategy for the company as it expands Apple stores around the world.
DealBook: Santander’s Profit Plunges on European Debt Crisis
Banco Santander announced that quarterly earnings fell nearly 98 percent, to 47 million euros, as it dealt with the downturn in the Spanish real estate market and the European debt crisis.
DealBook: Santander’s Earnings Slump on European Debt Crisis
Banco Santander announced that quarterly profit fell 98 percent to 47 million euros, as the financial firm dealt with the downturn in the Spanish real estate market and ongoing European debt crisis.
Hopes of Greek Progress Shores Up Markets
Markets clawed back lost ground Tuesday on hopes that Greece is heading toward a conclusion of debt-reduction talks with private creditors and that it may secure its second bailout package this week.
Profit Plummets at Spain’s Biggest Bank
Banco Santander took a hefty charge for expected losses on its real-estate holdings in anticipation of tougher rules from the new government.