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Struggling Kodak is seeking to simplify its structure and cut costs by reducing the number of its business segments from three to two. Shares shot up 34 percent in premarket trading.
Eastman Kodak Co., once a photography pioneer, was pummeled by consumers’ switch to digital. Its fortunes deteriorated further last year, and it said in November […]
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As growth slows in their traditional markets, wine makers from around the world are eager to tap demand in China but industry players say the increased competition and a lack of wine drinking culture mean it won’t be easy money.
Thousands of people attending a major wine and spirits trade fair last week in Hong Kong […]
Boeing is taking over one of NASA’s old space shuttle hangars to build a new capsule that the company hopes will lift astronauts to orbit in four or five years.
More than 100 Boeing, NASA and state and federal officials gathered in the massive empty hangar _ Orbiting Processing Facility No. 3 _ for the announcement […]
Ameren Corp. announced Friday that it is offering buyouts to 715 employees at its Missouri utility and support services units.
The offer is being extended to 5,700 full-time union employees and managers at Ameren Missouri and Ameren Services who will be 58 or older at end of the year.
The employees are being offered two weeks of […]
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A South Korean appellate court has upheld a life sentence imposed on a Somali pirate for hijacking a ship and shooting its captain.
Five Somali pirates were captured during a raid on a hijacked South Korean-operated cargo ship in the Arabian Sea in January. The South Korean military operation killed eight pirates. During the raid the […]
It looks like the J.C. Penney catalog outlet store at Jamestown Mall may not be doomed after all, though everyone is being very hush-hush about it for now.
Sales associates said they have been told that plans are in the works for the store to be bought by another company, which would run the store by […]
McDonald’s is fueling its trucks in the United Arab Emirates with oil from its own vats.
Dubai-based Neutral Fuels announced Sunday that it had reached a deal to convert used vegetable oil from McDonald’s outlets in the UAE into 100 percent biodiesel to power the fast food giant’s delivery trucks across the Gulf country.
It started testing […]
OTTAWA—Canada’s annual inflation rate jumped to the highest level in eight years last month, rising to 3.7 per cent as big increases in gasoline prices pushed the index to a new post-recession peak.
On a month-to-month basis, consumer prices rose by a significant 0.7 per cent in May from where they were in April, Statistics Canada […]
Ousting Moammar Gadhafi is the best way to protect Libya’s civilians, U.S. Secretary of State Hillary Rodham Clinton declared Thursday as diplomats met in Rome on how to support rebels fighting the Libyan leader.
“We have made it abundantly clear that the best way to protect civilians is for Gadhafi to cease his ruthless, brutal attack […]
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South Korea’s industrial production expanded at the slowest pace in six months in March, a moderation that may fail to deter the central bank from raising interest rates next month.
Output climbed 8.7 percent from a year earlier after gaining a revised 9.2 percent in February, Statistics Korea said today. The median estimate of 14 […]