New entry from Citi and Hilton in hotel credit cards market
There are quite a few hotel credit cards already available, but their number has just grown by one.
UBS Denies Report It Abets German Tax Evasion
Swiss banking giant UBS AG (UBS) Friday denied a newspaper report which alleges that the bank is moving German funds to Singapore ahead of the implementation of a German-Swiss tax treaty, which will take effect in 2013 if it is passed by the two parliaments.
PTT Warns on Third-Quarter Outlook as Net Profit Slumps
PTT PCL (PTT.TH), Thailand's largest oil and gas conglomerate by revenue, Friday warned the outlook for its oil refinery and petrochemical affiliates remained bleak in the third quarter, as it reported a slump in second-quarter net profit mainly due to losses at associate companies.
Novatek Net Profit Falls 32.6% on Forex Loss
OAO Novatek (NVTK.RS), Russia's biggest independent natural-gas producer, said Friday that second-quarter net profit fell 32.6% on the year to 9.66 billion rubles ($306 million) on the back of foreign exchange losses as the Russian currency depreciated against the U.S. dollar.
Charoen Pokphand Foods' Second-Quarter Net Profit Falls 16.5%
Charoen Pokphand Foods PCL (CPF.TH), a Thai agricultural conglomerate, said Friday its second-quarter net profit fell 16.5% from a year earlier mainly due to higher expenses and income tax.
Pfizer's Torisel Drug Fails in Late-Stage Study
The drug maker said a late-stage trial of its drug for renal cell cancer failed to meet its primary goal when given in combination with Roche's Avastin.
Retailer Comercial Mexicana Raises 2012 Earnings Expectations
Mexican retailer Comercial Mexicana (COMERCI.MX) raised its earnings expectations for 2012 after selling its 50% stake in the local unit of Costco Wholesale Corp. (COST) and using the money to pay down debt.
Is Retirement too Late for Refinancing?
As a general rule, older people have been more victims than beneficiaries of today's low interest rates.
Financing Your Small Business With Plastic: a Capital Idea?
Figuring out when it makes sense to use credit cards in your business -- and how best to use them -- can be confusing.