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Mahalelle Jumamil
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The bleak retirement outlook for displaced workers
If you thought that Americans as a whole were unprepared for a secure retirement, you should see the ones who have lost their job.A report from the Transamerica Center for Retirement Studies finds many unemployed and underemployed workers have been dipping into their retirement accounts to fund
PepsiCo Strikes Deal to Sell Drinks in Myanmar
The company signed a distribution agreement to sell Pepsi-Cola, 7-Up and Mirinda in the country.
Pacific Rubiales 2Q Net Profits Decline 36% to $224 Million
Canada-based Pacific Rubiales Energy Corp. (PREB, PRE.T, PREC.BO), the largest private producer of oil in Colombia, reported net earnings of $224 million in the second quarter, a 36% decline from the same period a year earlier as global oil prices fell.
AstraZeneca: Bristol-Myers Squibb Completes Purchase of Amylin
AstraZeneca PLC (AZN.LN) and Bristol-Myers Squibb said Thursday that following the successful completion of the acquisition of Amylin Pharmaceuticals by Bristol-Myers Squibb Co (BMY), AstraZeneca has made an initial payment of 3.2 billion dollars to Amylin Pharmaceuticals (AMLN).
Pepsi Signs Myanmar Distribution Pact; Looks to Local Agricultural Investment
PepsiCo Inc. (PEP) signed an agreement with Diamond Star Co. to distribute its beverage brands in Myanmar, stepping up its expansion in emerging markets and returning the food and beverages giant to the country after a 15-year hiatus.
Sweden Doing Better Than Forecast Amid Euro Crisis - Fin Min
Sweden has shown more resilience than forecast to the crisis consuming much of Europe, strengthening the case for a corporate tax cut, Finance Minister Anders Borg said Thursday.
JPMorgan Files Formal 1Q Restatement
The bank filed a formal restatement of its first-quarter results to show that the values of derivatives positions on a London trading desk were originally overstated.
Commerzbank Warns on Net As Crisis Weighing on Revenue, Loans
Germany's Commerzbank AG (CBK.XE) Thursday warned that net profit will be lower in the second half than in the first, saying that challenging market conditions will continue to mute customer activity, weigh on revenue and put further pressure on the loan book.
Tim Hortons Posts Higher Profit on Strong U.S. Sales
The restaurant chain said its profit rose 13% in the second quarter as same-store sales in the U.S. rose 4.9%.
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