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  • Patisserie Holdings, the operator of the Patisserie Valerie chain of cafes majority owned by ex-Pizza Express boss Luke Johnson, has cooked up plans to float on AIM.

  • A stock rally falters as US earnings disappoint Associated Press - 46 minutes ago
    A stock rally falters as US earnings disappoint

    A six-day rally on the stock market is petering out as some U.S. companies report earnings that disappoint investors. Norfolk Southern, Procter & Gamble and Avery Dennison all fell after reporting their ...

  • Fla. insurance discrimination bill passes Associated Press - 48 minutes ago

    A Florida bill that would forbid insurance companies from refusing to serve or charging higher rates to applicants based on their ownership of a firearm has been sent to Gov. Rick Scott to sign. The measure ...

  • An overall view of the assembly line where the BMW X4 is made at the BMW manufacturing plant in Spartanburg

    The U.S. manufacturing sector expanded in April though the rate of growth was slightly lower than expected as inventories fell, but factory output growth hit its fastest pace in three years, an industry report showed on Wednesday. Financial data firm Markit said its preliminary or "flash" U.S. Manufacturing Purchasing …

  • Plaza hotel, NYC face off over bike-sharing rack Associated Press - 51 minutes ago

    A landmarked space across the street from the legendary Plaza hotel is no place for the city's popular bike-sharing system to park some of its electric-blue rides, the hotel's lawyers told a judge Tuesday. ...

  • On a non-adjusted basis, however, Boeing's profit slid 13 percent to $965 million (574 million pounds), or $1.28 per share, down from $1.11 billion, or $1.44 per share, a year earlier, the company reported on Wednesday. But analysts pointed to strong cashflow generation and Boeing's increase in share buy-backs in the quarter …

  • Indian drugmaker Wockhardt Ltd, which has been hit by a slew of overseas regulatory rebukes due to poor production quality, said the regulator in Himachal Pradesh has suspended the manufacture and sale of a product. The state's drug controller suspended the manufacture, sale or distribution of fixed dose combination of …

  • Emerging markets help Tupperware beat St. view Associated Press - 58 minutes ago

    Demand in emerging markets such as Turkey, China and South Africa helped Tupperware Brands Corp. post first-quarter results that beat Wall Street expectations, even as its net income fell 10 percent. The ...

  • Oil below $102 as US crude supplies seen rising Associated Press - 58 minutes ago

    The price of oil slipped further below $102 a barrel Wednesday as traders awaited weekly data that are expected to show rising U.S. crude stockpiles. By early afternoon in Europe, U.S. crude for May delivery ...

  • Traders work on the floor of the New York Stock Exchange

    U.S. stocks dipped at the open on Wednesday despite upbeat corporate earnings as buyers appeared scarce following the longest streak of daily gains on the S&P 500 so far this year. The Dow Jones industrial ...

  • Brazil passes bill on Internet privacy Associated Press - 1 hour 3 minutes ago

    Brazil's Congress passed a bill guaranteeing Internet privacy and enshrining access to the Web on the eve of a major conference in Sao Paulo on the future of Internet governance that's expected to draw ...

  • Drax to sue Government over 'lost' green subsidy Telegraph - 1 hour 5 minutes ago

    Power plant operator Drax prepares legal action after Government excludes plan to convert unit from coal to biomass

  • S. Korean cosmetics firm LG Household eyes Elizabeth Arden

    Elizabeth Arden lipsticks are displayed at The Stuart Weitzman luxury suite at the Sofitel LA Hotel in Los Angeles, California on February 21, 2007

  • Dr Pepper's profit rises on lower costs Associated Press - 1 hour 15 minutes ago

    Dr Pepper Snapple on Wednesday reported a higher first-quarter profit that beat Wall Street expectations, as reduced costs offset weak sales growth. The company, which sells Sunkist, 7Up, Hawaiian Punch ...

  • Memory Lane: Traveling through time on Google maps Associated Press - 1 hour 16 minutes ago
    Memory Lane: Traveling through time on Google maps

    Trips down memory lane are now available on Google's digital maps. The new twist on time travel is debuting Wednesday as part of the "Street View" feature in Google's maps, a navigational tool ...

  • Procter & Gamble 3Q net income up on cost cuts Associated Press - 1 hour 19 minutes ago
    Procter & Gamble 3Q net income up on cost cuts

    Procter & Gamble Co.'s fiscal third-quarter net income rose 2 percent as it cut costs to offset sluggish sales in categories like beauty and family products. The world's largest consumer product maker's ...

  • Biogen raises forecast as 1Q profit climbs 12 pct Associated Press - 1 hour 20 minutes ago

    Biogen Idec raised its forecast for the year as first-quarter net income increased 12 percent, helped by a revenue boost from the multiple sclerosis treatment Tysabri and a product approval. The company's ...

  • People walk past the New York Stock Exchange as it flies the U.S., French and Eurozone flags in New York

    European shares edged down on Wednesday after three days of gains as signs of a slowing Chinese economy and rising worries about Ukraine offset reassuring European economic data. U.S. stock futures also pointed to a subdued start for Wall Street on a heavy day of company earnings as well as U.S. PMI readings. The PMI …

  • Employees inspect a bullet train at a high speed railway maintenance station, to prepare for the annual mass migration ahead of the Chinese lunar new year, in Xi'an

    LONDON/BEIJING (Reuters) - Chinese factory activity shrank for the fourth straight month in April but private businesses across the euro zone enjoyed their best month in nearly three years, surveys showed on Wednesday. Within the euro zone, Germany - Europe's largest economy - saw activity accelerate whereas in France, …

  • Boeing lifts profit outlook as jetliner demand booms

    The logo of US aircraft manufacturer Boeing pictured during the 50th International Paris Air show at Le Bourget airport near Paris on June 23, 2013

  • From 2006 to 2009, Provident Asset Management raised $485 million from 7,700 investors who were drawn to its promises of annual returns as high as 18 percent on oil and gas assets. Law firm Mick & Associates helped. Provident paid Mick to provide "due diligence" reports to help brokers decide whether to recommend the …

  • Gold edged up on Wednesday from the 2-1/2 month low it hit in the previous session as a softer tone to equities and the dollar helped arrest its slide, though it remained vulnerable to further losses as investor demand remained slack. Spot gold was up 0.1 percent at $1,284.50 an ounce at 1245 GMT, while U.S. gold futures …

  • GM is under investigation by U.S. safety regulators, Congress and the U.S. Department of Justice for why it did not catch the faulty part for over a decade. GM said on Wednesday that owners of 2008-2011 models subject to the recall, which has affected 2.6 million vehicles, will receive a letter in early May confirming …

  • Multinational food processing and retailing company, Associated British Foods, announced it has appointed Ruth Cairnie as a non-executive director with effect from May 1st.

  • Boxes of Tide detergent, a Procter & Gamble product, sit on a shelf at a store in Alexandria

    By Phil Wahba (Reuters) - Procter & Gamble Co (PG.N), the world's largest household products maker, reported a higher than expected quarterly profit on Wednesday, helped by an increase in home care products ...

  • Spain's Bankinter (MCE:BKT) reported a 19 percent rise in first-quarter net profit and said bad loans were close to a peak, setting a positive tone for the rest of the country's banks which are aiming to benefit from an improving economy. Bankinter, like bigger rivals such as Santander (SAN.MC) and BBVA (BBVA.MC), is emerging …

  • A trader works on the floor of the New York Stock Exchange

    The Depository Trust & Clearing Corporation, which processes all U.S. stock and fixed income trades, said on Wednesday it supports shortening the settlement cycle for U.S. equities, corporate and municipal bonds, and unit investment trust trades. The settlement cycle, which refers to the time between when a trade is made …

  • LISBON/LONDON (Reuters) - Portugal sold benchmark debt at a record low yield on Wednesday in its first bond auction in three years, a vote of market confidence that boosts Lisbon's chances of making a clean break from its bailout next month. Whether Portugal follows Ireland in making a clean exit is a focal point of discussions …

  • Northrop beats on earnings, lifts 2014 outlook Reuters - 1 hour 41 minutes ago

    Northrop Grumman Corp (NYS:NOC) on Wednesday reported a higher-than-expected quarterly profit despite a drop in sales, and the U.S. weapons maker raised its earnings forecast. Northrop, which makes unmanned planes, the B-2 bomber and a host of electronic equipment, said net income rose to $579 million (344 million pounds), …

  • Broker tips: AB Foods, ARM, Wolseley... Sharecast - 1 hour 42 minutes ago

    Panmure Gordon has upgraded its rating for Associated British Foods from 'hold' to 'buy' after the company announced its intention to expand its fast-growing Primark brand into the US towards the end of ...

  • Germany's largest lender Deutsche Bank AG (GER:DBK) is trimming its equities team in Latin America and plans to run the business mainly from Mexico, Brazil and New York, a person familiar with the plans told Reuters. It was not clear how many staff would be affected by the changes, which were earlier reported by Bloomberg. …

  • Supervalu returns to profit in 4Q, beats Street Associated Press - 1 hour 54 minutes ago

    Supervalu returned to a profit in its fourth quarter as the grocer distanced itself from the exorbitant costs and charges it booked during the same period last year. Its beat Wall Street expectations for ...

  • Delta navigates nasty winter, tops profit forecast Associated Press - 1 hour 56 minutes ago
    Delta navigates nasty winter, tops profit forecast

    Delta Air Lines Inc. is making more money by filling more seats on its planes and paying a bit less for fuel. Delta's first-quarter profit beat expectations and underscored how most big airlines are prospering ...

  • Ericsson posts strong Q1 profit despite falling sales

    File photo shows Ericsson president and CEO Hans Vestberg giving a press conference on the first day of the Mobile World Congress in Barcelona on February 25, 2013

  • Strength in Associated British Foods on U.S. growth prospects and in drugmakers on sector consolidation expectations kept Britain's top share index near a two-week high on Wednesday. Clothing and food conglomerate AB Foods surged 8.9 percent, its best one-day percentage gain for 14 years, after saying its fast-growing …

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