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February 29, 2012

February 28, 2012

Western Pennsylvania companies hit by Europe's debt crisis

As the European debt crisis that roiled the continent's economy last year threatens to drag Europe into recession, multinational businesses in Pittsburgh have had to adapt.

February 27, 2012

Google may pick Dennis Woodside to replace Sanjay Jha of Motorola Mobility

CALIFORNIA: Google, which won the US approval for its acquisition of Motorola Mobility Holdings, is close to naming Dennis Woodside to run the business when the deal closes, three people familiar with the matter said.

February 24, 2012

Gulf on Foreign Profits Tax Threatens Deal on Corporate Rate Cut

President Barack Obama’s belief that the U.S. tax system pushes jobs overseas and Republican assertions that multinational companies are disadvantaged will make compromise on a new corporate tax code difficult.

February 23, 2012

Online payments firm PayPal expanding in Ireland

DUBLIN: Online payments company PayPal announced on Tuesday it is expanding its operations in jobs-hungry Ireland in a government-sponsored deal praised by Irish Prime Minister Enda Kenny.

February 22, 2012

Wal-Mart increases stake in Chinese e-commerce firm

SHANGHAI: Wal-Mart Stores Inc said on Monday it has reached an agreement to raise its stake in a Chinese e-commerce firm, Yihaodian, to around 51 per cent as the world's largest retailer aims to boost its presence in China's fast growing consumer market.

February 21, 2012

Hilliard may land Columbus call center

A multinational company may move a major call center to Hilliard, bringing 500 full-time and 125 part-time jobs to the city next summer.

February 20, 2012

Baidu profit almost doubles as online advertising grows

Baidu, China's largest search engine, has reported a 77% surge in profits between October and December as its advertising revenue continues to grow.

February 19, 2012

Avon names John Lin new head of China unit

The head of Avon Products Inc's Canadian unit will become president of the cosmetics company's China business next month as the company contends with sliding sales there and a probe into alleged bribery of officials in that country.

February 17, 2012

Google Motorola bid approved in EU and US

US regulators have approved Google's $12.5bn (£7.9bn) bid for phone maker Motorola Mobility, hours after it won clearance from European authorities.

February 16, 2012

After "lemming" exodus, manufacturers look to U.S.

WASHINGTON (Reuters) - Big U.S. manufacturers moved their production out of the country too quickly over the past decades and now see a competitive advantage in building up their footprints back home, top executives said on Monday.

February 15, 2012

Olympus reports a 33bn-yen loss

Olympus, the Japanese cameramaker, reported a loss for the nine months to the end of December 2011 as it battles an accounting scandal.

February 14, 2012

Apple emerges as top American brand, Wall Street firms the worst: Study

Apple Inc has the best image of any American company, scoring a record high in a new reputation study, while financial institutions filled the ranks of the worst.

February 13, 2012

February 12, 2012

Google privacy policy does not violate settlement with US regulators

WASHINGTON: Internet search giant Google has claimed that the upcoming changes in its privacy policy do not violate a settlement it struck with US consumer protection agency last year.

February 10, 2012

Nokia ends phone assembly in Europe, cuts jobs

HELSINKI: Nokia Corp. plans to end the assembly of cellphones in Europe by year-end as it shifts production to Asia and cuts another 4,000 jobs, its latest attempt to cushion its finances from stiff competition in the smartphone sector.

February 09, 2012

China: Fast food nation. Too fast economy?

NEW YORK (CNNMoney) -- Is China's economy heading for a hard or soft landing? Well, it looks like Chinese consumers can't get enough of Diet Coke and the Colonel's famous secret recipe. That may be good news.

February 08, 2012

Brisk U.S. Sales Lift Toyota's Profit Forecast for the Year

TOKYO — Toyota Motor raised its annual profit forecast Tuesday despite a decline in its quarterly profit, as brisker sales in the United States gave the Japanese automaker a much-needed lift after a year overshadowed by natural disasters.

February 07, 2012

February 06, 2012

Starbucks Sets Up Shop in India

A decade after it started sourcing coffee from India, Starbucks, the world’s largest coffee chain, has decided to serve up its concoctions to an Indian audience.

February 04, 2012

Glencore and Xstrata in talks over $82bn 'merger of equals'

Commodities trader Glencore and mining giant Xstrata are in discussions on an $82bn (£50m) merger to create a company that would dominate the global mining industry.

February 03, 2012

Mazda in quarterly loss of nearly $1 billion

TOKYO: Japan's Mazda Motor on Thursday reported a third-quarter loss of almost $1 billion, as the strength of the yen dented its export-dependent production.

February 02, 2012

Sony replaces CEO Howard Stringer

Sony has announced that its chief executive Howard Stringer is to step down from the job on 1 April, to be replaced by vice president Kazuo Hirai.

February 01, 2012

Canon to build laser-printer factory in Philippines

Japanese high-tech giant Canon said on Tuesday it would build a laser-printer factory in the Philippines in anticipation of strong growth in global demand.