Wires

  • Wal-Mart posts strong profit as U.S. sales jump

  • BRIEF-Wal Mart up 1.7 percent in premarket after results

  • Man bitten by rattlesnake at Washington state Walmart

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    Neil Carpenter took a pay cut when he accepted a job as a Louisiana state accountant more than 12 years ago, but he figured he would make up for the loss with a retirement check that would guarantee long-term financial security for him and his family.

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    A series of earthquakes rattled Tokyo and northeast Japan late Wednesday evening, but caused no apparent damage or injury in the same region hit by last year's devastating tsunami.

  • India's tax office has no jurisdiction over Vodafone's purchase of mobile assets in India, the Supreme Court ruled on Friday, in a big relief to the telecom giant that has been fighting a $2.2 billion tax bill in a long-running dispute anxiously watched by foreign investors in India.  

  • A KFC restaurant in Boston.

    Yum is targeting Indian students and young office workers with adaptations of popular Western fast-food products designed to appeal to their unique tastes — hoping this will mirror its success story in China, which now contributes half of its operating profit.

  • Chinese President Hu Jintao talks with Vice President Xi Jinping at China's Parliament in Beijing, China.

    The politics of China's need for a smooth leadership succession this year provide the best protection against a hard economic landing, regardless of stuttering exports, faltering capital flows, local government debts and lingering inflation risks.

  • China is likely to become the world's largest sugar importer by 2020 as consumption grows along with incomes, said Commonwealth Bank of Australia in a report on Wednesday.

  • Standard & Poor's warned on Monday it could lower Japan's sovereign rating if the economy expands less than expected or if public debt continues to grow, as the country's unpopular government struggles to win support for higher taxes.

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    Japan logged a record trade deficit in January, government data showed on Monday, the clearest evidence to date of pain from a firm yen, a global slowdown and rising fuel imports needed to offset declining use of nuclear power.

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    Japan's government approved on Friday a plan to gradually double the 5 percent sales tax to pay for welfare spending in an admission that it failed to woo the opposition to cooperate on the draft.

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    China drew $10 billion in foreign direct investment in January, data showed on Thursday, down 0.3 percent from a year earlier for the third consecutive month of annual declines as a shaky world economy sapped inflows.

  • Soybean crop

    A Chinese trade delegation signed agreements with U.S. grain companies on Wednesday to buy 8.62 million metric tons of soybeans from the United States and will ink more deals on Thursday for a record-setting purchase topping 12 million metric tons.

  • WASHINGTON, DC - FEBRUARY 14: U.S. President Barack Obama (R) and Chinese Vice President Xi Jinping pose for photographs before meeting in the Oval Office at the White House February 14, 2012 in Washington, DC. While in Washington, Vice President Xi will meet with Obama, Vice President Joe Biden and other senior Administration officials to discuss a broad range of bilateral, regional, and global issues.

    President Barack Obama told Chinese leader-in-waiting Xi Jinping on Tuesday that Beijing must play fair in international trade and vowed to keep pressing China to clean up its human rights record.

  • A bank teller counts 10,000 yen (118 USD) bank notes in Tokyo on September 22, 2010. The USD tumbled against the yen in Asia after the US Federal Reserve indicated it was prepared to take further measures to boost a faltering economic recovery. The USD fell to 84.80 yen in Tokyo morning trade, down from 85.15 yen in New York.

    The Bank of Japan on Tuesday eased its policy by boosting asset purchases and defined 1 percent consumer inflation as a near-term goal in response to growing calls for more action to help the economy mired in deflation and weighed down by a strong yen.

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    India still struggles to make its food fit for consumption. From rat poison found in vegetables and Diwali-festival sweets laced with caustic soda -- adulteration is rife.

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    China's third-tier city of Wuhu, in eastern Anhui province, has suspended a plan to ease property control restrictions, the Shanghai Securities News reported on Monday.

  • Sinking cruise ship in Giglio Porto, Italy

    Underwater pumping operations began Sunday to remove some of the 500,000 gallons of fuel aboard the Costa Concordia, officials said, nearly a month after the cruise ship ran aground off Tuscany.

  • China's third-tier city of Wuhu, in eastern Anhui province, has relaxed restrictions on purchases of homes, easing limits on multiple home buyers and raising cash subsidies, the official China Securities Journal reported on Friday.