• World Biz  |  MAY 21, 2013, 9:56 PM

    Philip Morris to buy rest of Mexican business

    Story by
    www.bloomberg.com

    Philip Morris International Inc. agreed to acquire the remaining 20% stake in its Mexican tobacco business from billionaire Carlos Slim’s Grupo Carso SAB for about US$700 million (RM2.1 billion)

     
  • World Biz  |  MAY 21, 2013, 8:46 PM

    Housing recovery boosts Home Depot results

    Story by
    www.reuters.com

    Home Depot Inc reported higher-than-expected quarterly results and raised its sales and profit outlook for the year as the world's largest home improvement chain benefited from a nascent recovery in the U.S. housing market

     
  • World Biz  |  MAY 21, 2013, 7:10 PM

    M&S moves forward with reduced spending plan

    Story by
    www.bloomberg.com

    Marks & Spencer Group Plc, the UK’s largest clothing retailer, said it will spend less on bringing the business up to speed with competitors as it moves beyond recovery and places greater emphasis on rewarding shareholders. Capital spending this year …

     
  • World Biz  |  MAY 21, 2013, 5:23 PM

    Ireland not to blame for low Apple tax rate

    Story by
    www.reuters.com

    Ireland said on Tuesday it was not to blame for Apple Inc's low global tax payments after the U.S. Senate said the company paid little or nothing on billions of dollars in profits stashed in Irish subsidiaries

     
  • World Biz  |  MAY 21, 2013, 4:15 PM

    Vodafone reports lower drop in wireless revenue

    Story by
    www.bloomberg.com

    Vodafone Group Plc reported a smaller-than-projected decline in fourth-quarter wireless service revenue and forecast operating profit may rise as much 6.9% this year as it eliminates jobs in Europe and its US mobile venture Verizon Wireless grows. Service sales fell …

     
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