Business News

An FDA panel backed Vivus's Qnexa, which could lead to approval of the first new prescription weight-loss drug in more than a decade.

Wed, 22 Feb 2012 20:44:16 EST+0500(West Asia Standard Time)

H-P Profit Falls 44% as Revenue Slips

Hewlett-Packard's fiscal first-quarter earnings fell 44% as sales in the company's personal computers business continued to fall.

Wed, 22 Feb 2012 20:10:14 EST+0500(West Asia Standard Time)

Drivers at the Mercy of Crude Prices

America is pumping more oil out of the ground than it has in years, while Americans' gasoline consumption is at an 11-year-low. Yet gasoline prices are rising, and experts say it's all about the global economy and geopolitics.

Wed, 22 Feb 2012 23:13:21 EST+0500(West Asia Standard Time)

GM Tries to Solve European Riddle

General Motors and French car maker Peugeot Citroën are discussing a European auto alliance as the two grapple with weak sales and a raging price war on the continent.

Wed, 22 Feb 2012 22:14:18 EST+0500(West Asia Standard Time)

New J&J Chief to Face Repair Jobs

Alex Gorsky's biggest order of business as new CEO may involve repairing another J&J business: consumer products.

Wed, 22 Feb 2012 21:09:25 EST+0500(West Asia Standard Time)

Verizon in Spectrum Spat

T-Mobile and MetroPCS are asking regulators to block Verizon Wireless's $3.9 billion purchase of airwave rights held by cable companies.

Wed, 22 Feb 2012 21:19:44 EST+0500(West Asia Standard Time)

Tech Giants Agree to App Privacy Rules

California's attorney general reached a deal with six of the largest companies in the mobile-device market over privacy policies for apps.

Wed, 22 Feb 2012 21:21:26 EST+0500(West Asia Standard Time)

World Bank Punishes Alstom

The World Bank is temporarily blacklisting and fining two subsidiaries of French engineering firm Alstom over bribes allegedly offered to gain a power-plant contract in Zambia.

Wed, 22 Feb 2012 20:54:47 EST+0500(West Asia Standard Time)

Google Seeks Approval for Video Service

Google applied last week to provide video service to residents of Kansas City, Mo., setting the stage for the Web giant to offer a cable-TV-like package in addition to high-speed Internet service it plans to sell there.

Wed, 22 Feb 2012 19:23:26 EST+0500(West Asia Standard Time)

Fuller Brush Files for Bankruptcy

Fuller Brush, a faded business icon known for its army of door-to-door salespeople and the mark it left on popular culture, filed for Chapter 11 bankruptcy.

Wed, 22 Feb 2012 22:49:34 EST+0500(West Asia Standard Time)

Suds Made Simple

P&G this week is rolling out Tide Pods—small, dissolvable packets of detergent that will be the company's highest-price laundry detergent, costing about a quarter more per load than liquid.

Wed, 22 Feb 2012 18:58:51 EST+0500(West Asia Standard Time)

State AGs Target Google Privacy Policy

A group of dozens of state attorneys general have raised concerns with Google over the Internet giant's new privacy policy, marking the latest public flare-up over the planned changes.

Wed, 22 Feb 2012 21:00:42 EST+0500(West Asia Standard Time)

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