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Topics  News & Markets Abu Dhabi-based carrier Etihad turns first annual profit of $14 million since starting in 2003 By Adam Schreck, The Associated Press  | February 09, 2012 DUBAI, United Arab Emirates - Etihad Airways, the fast-growing Gulf carrier, on Thursday posted its first annual profit since starting operations just over eight years ago. The airline said it moved into the black with net earnings of $14 million. That is better than its previously...
Topics  News & Markets ING Groep says profit higher in fourth quarter due to asset sales; Greek bonds impaired again By The Associated Press  | February 09, 2012 AMSTERDAM - ING Groep NV says its net profit rose in the fourth quarter because it sold off assets, despite worsening banking conditions in Europe. Net profit at the bank and insurance group was €1.19 billion ($1.58 billion), compared to €130 million in the same period a year ago. ING...
Topics  News & Markets China's inflation rebounds in January, renewing pressure to control living costs By Joe McDonald, The Associated Press  | February 09, 2012 BEIJING, China - China's inflation rebounded in January as food prices soared, renewing pressure on Beijing to control living costs as it tries to boost slowing growth amid warnings of a looming global downturn. Consumer prices in the world's second-largest economy rose by an...
Topics  News & Markets Switzerland's second-biggest bank Credit Suisse reports nearly $700 million 4Q net loss By The Associated Press  | February 09, 2012 GENEVA - Credit Suisse Group has reported a fourth-quarter net loss of 637 million Swiss francs ($698 million), far below what analysts expected. The CEO of Switzerland's second-largest bank Brady Dougan says the "disappointing" loss is due to aggressively cutting costs and risks...
Topics  News & Markets Asian stock markets fall as inflation in China rebounds in January, Greek debt talks hit snag By Pamela Sampson, The Associated Press  | February 09, 2012 BANGKOK - Asian stocks fell Thursday after data showed inflation in China was heating up again, complicating efforts by Beijing to stimulate the world's No. 2 economy. A snag in talks to prevent Greece going bankrupt also weighed on sentiment. Benchmark oil hovered below $99 per...
Topics  News & Markets Huffington Post launches distinct Quebec edition of online news outlet By Andy Blatchford, The Canadian Press  | February 09, 2012 MONTREAL - Arianna Huffington launched Quebec's very own edition of the Huffington Post on Wednesday, making Canada the first country to have two versions of the online news website. The American new-media mogul believes the province is distinct enough to have its own Huffington Post...
Topics  News & Markets Greek prime minister, finance minister end 5-hour talks with debt inspectors By Demetris Nellas,Derek Gatopoulos, The Associated Press  | February 08, 2012 ATHENS, Greece - A crucial meeting between Greece's Prime Minister and debt inspectors on averting the country's bankruptcy has just ended with no definite results. Finance Minister Evangelos Venizelos said the main point of contention — cuts in pensions — has not been resolved. He...
Topics  News & Markets Greek bailout talks hit snag over pension cuts, main points agreed By Demetris Nellas,Derek Gatopoulos, The Associated Press  | February 08, 2012 ATHENS, Greece - Crucial talks aimed at averting Greece's bankruptcy were held up early Thursday after leaders of the three parties backing the country's coalition government failed to agree to creditors' demands to make €300 million ($398.22 million) cuts to state and private...
Topics  News & Markets Facebook discloses details on executive bonuses in latest filing By The Associated Press  | February 08, 2012 NEW YORK, N.Y. - Facebook's top executives, including CEO Mark Zuckerberg, are eligible for twice-a-year bonuses of up to 45 per cent of their base salaries and other earnings, according to a Wednesday regulatory filing. Facebook Inc. said in a filing with the Securities and Exchange...
Topics  News & Markets PC maker Lenovo says 3Q profit up by half on strong sales across all markets By The Associated Press  | February 08, 2012 HONG KONG - Computer maker Lenovo Group Ltd. said Thursday that quarterly profit grew by more than half as acquisitions in Germany and Japan boosted sales. The world's No. 2 computer maker said that net income rose to $153 million, or 1.46 cents per share, in the October-December...

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