Manufacturing rebounds, but is it a renaissance?

| |Wednesday, Feb. 15, 2012

Don't tell Michael W. McLanahan that manufacturing in the United States is dead. His family-owned, privately held company has made mineral processing and farm equipment since its founding way back in 1835 - and is enjoying a boom.Read more

Banner fundraising year for wealthy colleges

| |Wednesday, Feb. 15, 2012

For the 99 percent of colleges, it was a pretty good fundraising year.Read more

Deere says 1Q profit up 4 percent on strong sales

| |Wednesday, Feb. 15, 2012

Deere & Co. says strong equipment sales, particularly abroad, boosted quarterly net income by 4 percent and the company is raising its outlook for 2012.Read more

Diamond's Pringles deal ended; Kellogg steps in

|Wednesday, Feb. 15, 2012

Troubled snack food maker Diamond Foods Inc. and Procter & Gamble Co. have called off their $1.5 billion deal for Diamond to buy the Pringles brand. Cereal maker Kellogg Co. is swooping in and made a $2.7 billion deal to purchase the brand.Read more

Italy slides back into recession

|Wednesday, Feb. 15, 2012

Italy's national statistics agency confirmed Wednesday that the eurozone's third-largest economy had slid into recession thanks to a drop in industrial activity and a stagnant service sector.Read more

Bank of England chief sees up-down economic growth

|Wednesday, Feb. 15, 2012

The governor of the Bank of England says that Britain's economy is likely to grow slowly this year in a "zigzag" pattern of quarterly gains and setbacks in output.Read more

Eni 4Q results hit by refining losses

|Wednesday, Feb. 15, 2012

Losses from Eni's gas and refining business contributed to a 10 percent drop in fourth-quarter profits, the company reported Wednesday.Read more

Greece will wrap up pending issues by Wed evening

|Wednesday, Feb. 15, 2012

Greece's finance minister says all pending issues in its international creditors' requirements for the country's second bailout will be completed ahead of a Wednesday evening conference call between eurozone finance ministers.Read more

BNP Paribas earnings slump on Greek debt

| |Wednesday, Feb. 15, 2012

French bank BNP Paribas suffered a 50 percent slump in the fourth quarter net profits as Europe's financial crisis intensified last autumn and slashed the value of its holdings of Greek government bonds.Read more

US bid to crimp Iranian oil sales to Asia stumbles

| |Wednesday, Feb. 15, 2012

American attempts to get major Asian importers of Iranian oil to rein in their purchases are faltering as allies South Korea and Japan give U.S. officials a polite brushoff. Emerging giants India and China may even increase their purchases, further complicating Washington's efforts to force Iran to curtail its nuclear program.Read more

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