Business - KDVR

Analysis: Thinking backwards, Merkel hits her stride

Noah Barkin — Wed, 15 Feb 2012 09:47:02 MST

BERLIN (Reuters) - Angela Merkel has come under fire in Europe for failing to provide leadership in the euro zone crisis, but at home she is now riding a tidal wave of popularity that would make her fellow leaders envious.

White House: No comment on World Bank successor

Wed, 15 Feb 2012 09:45:14 MST

ABOARD AIR FORCE ONE (Reuters) - The White House on Wednesday declined to comment on possible successors to Robert Zoellick as president of the World Bank, who has announced his intention to step down from the international development organization on June 30.

Kellogg to buy Pringles from P&G for $2.7 billion

Martinne Geller and Jessica Wohl — Wed, 15 Feb 2012 09:43:03 MST

(Reuters) - Kellogg Co agreed to buy Pringles potato chips from Procter & Gamble Co for $2.7 billion in a cash deal that will nearly triple the cereal maker's international snack business.

Comcast profit beats Street on subscriber gains

Yinka Adegoke — Wed, 15 Feb 2012 09:37:03 MST

(Reuters) - Comcast Corp posted a better-than-expected rise in quarterly profit driven by strong subscriber additions, though it was tempered by weak performances at its NBC Universal broadcast and movie units.

Fed's Fisher to Wall Street: QE3 is "fantasy"

Ann Saphir — Wed, 15 Feb 2012 09:35:09 MST

SAN MARCOS, Texas (Reuters) - Dallas Federal Reserve Bank President Richard Fisher had a message for Wall Street on Wednesday: don't expect more from the U.S. central bank.

S&P reaches 7-month high before hitting wall

Angela Moon — Wed, 15 Feb 2012 09:28:03 MST

NEW YORK (Reuters) - The S&P 500 index hit a fresh 7-month high before giving up some gains on Wednesday after mixed data on the U.S. economy and news of a possible delay in Greece's bailout.

Zynga warning on player spending hits shares

Wed, 15 Feb 2012 09:03:07 MST

(Reuters) - Zynga Inc's shares fell 16 percent on Wednesday, amid heavy volumes, after the social gaming company warned of a slowdown in bookings, indicating paying players may be spending less than expected.

Airbus learns from A380 saga: CEO

Harry Suhartono and Tim Hepher — Wed, 15 Feb 2012 08:50:09 MST

SINGAPORE (Reuters) - The head of Airbus said he had ordered an internal investigation into how the company allowed wing cracks to develop on its flagship A380 passenger jet as the world's largest planemaker sought to draw a line under weeks of embarrassing publicity.

World Bank's Zoellick to step down June 30

Wed, 15 Feb 2012 08:49:03 MST

WASHINGTON (Reuters) - World Bank President Robert Zoellick said on Wednesday he plans to step down when his term ends on June 30, raising questions whether the United States will insist on holding on to a job that has always gone to an American.

Instant view: Industrial output flat on utilities, mining

Wed, 15 Feb 2012 08:25:08 MST

NEW YORK (Reuters) - U.S. industrial output was unexpectedly flat in January as steep declines in mining and utilities offset gains in manufacturing, a Federal Reserve report showed on Wednesday.