International Business News - USA http://www.ibtimes.com All articles are copyrighted by IBTimes.com 400 100 http://www.ibtimes.com/ http://www.ibtimes.com/images/top_logo_ibt2_3.gif Some 90 million barrels of oil and nearly a third of the world's undiscovered natural gas remain untapped under an area north of the Arctic Circle, government scientists estimate, in the largest-ever survey of the area's energy potential. http://www.ibtimes.com/articles/20080724/vast-oil-natural-gas-reserves-estimated-in-arctic.htm Thu, 24 Jul 2008 08:02:39 EDT More than 50 popular American TV shows like "Lost" and "Grey's Anatomy" will air in Asia shortly after their U.S. debut under a deal between three Hollywood studios and a Singapore broadcaster. http://www.ibtimes.com/articles/20080724/american-tv-shows-to-be-seen-sooner-in-singapore.htm Thu, 24 Jul 2008 07:56:49 EDT Oil producer Occidental Petroleum Corp. says its second-quarter profit rose 62 percent as record crude prices and higher production propelled results. http://www.ibtimes.com/articles/20080724/occidental-petroleum-2q-profit-sets-record.htm Thu, 24 Jul 2008 07:56:20 EDT Kinross Gold Corp. said Thursday it will acquire Canada-based Aurelian Resources Inc. for more than $1 billion in a move designed to boost its mining reserves. http://www.ibtimes.com/articles/20080724/kinross-to-buy-aurelian-resources-for-1-18b.htm Thu, 24 Jul 2008 07:55:18 EDT E.W. Scripps says second-quarter profit fell 48 percent on a sharp revenue decline at its newspaper properties and costs related to splitting off its digital businesses. http://www.ibtimes.com/articles/20080724/scripps-2q-profit-drops-48-percent.htm Thu, 24 Jul 2008 07:54:18 EDT A federal jury in Oxford has convicted James Draper on charges he pocketed thousands of dollars intended to buy equipment at a failed Mississippi beef plant. http://www.ibtimes.com/articles/20080724/salesman-found-guilty-in-miss-beef-plant-case.htm Thu, 24 Jul 2008 07:53:30 EDT Christian Bale swept into Barcelona on Wednesday night to attend a glittering Spanish premiere of "The Dark Knight," appearing calm as he greeted fans a day after reports surfaced that his mother and sister had accused him of assault. http://www.ibtimes.com/articles/20080724/bale-attends-dark-knight-premiere-in-spain.htm Thu, 24 Jul 2008 06:22:12 EDT Credit Suisse Group's profit skidded 62 percent from a year ago, but was a major improvement from the loss it posted in the first three months of this year. http://www.ibtimes.com/data/articleimgs/97013-switzerland-earns-credit-suisse.jpg http://www.ibtimes.com/articles/20080724/credit-suisse-profit-falls-62-pct.htm http://www.ibtimes.com/articles/20080724/credit-suisse-profit-falls-62-pct.htm Thu, 24 Jul 2008 07:53:40 EDT Chinese shares rose Thursday, led by gains in real estate and financial stocks on optimism that lower oil prices might ease inflation pressure and improve the economy's outlook in the second half. http://www.ibtimes.com/articles/20080724/china-shares-rise-led-by-real-estate.htm Thu, 24 Jul 2008 07:49:59 EDT Soaring prices and a big gain on a swap of coal reserves pushed International Coal Group back to profitability in the second quarter. Scott Depot-based ICG said Wednesday it earned $12.6 million, or 7 cents per share, in the three months that ended June 30. ICG lost $10.2 million, or 7 cents per share, in the same period of 2007. http://www.ibtimes.com/articles/20080724/international-coal-group-returns-to-profit-in-2q.htm Thu, 24 Jul 2008 07:43:28 EDT Tool maker and marketer Snap-on Inc. said Thursday that growth in emerging markets and higher sales of professional tools in Europe helped lift second-quarter profit nearly 53 percent. http://www.ibtimes.com/articles/20080724/emerging-market-sales-boost-snap-ons-2q-profit.htm Thu, 24 Jul 2008 07:41:14 EDT In big, wide-open Montana, a state trooper might have to drive more than 100 miles to answer an emergency call, and routinely puts several hundred miles on the odometer in a day. http://www.ibtimes.com/data/articleimgs/96994-highway-patrol-gas.jpg http://www.ibtimes.com/articles/20080724/state-highway-patrols-struggle-with-big-gas-bills.htm http://www.ibtimes.com/articles/20080724/state-highway-patrols-struggle-with-big-gas-bills.htm Thu, 24 Jul 2008 07:28:31 EDT Industrial conglomerate 3M says its second-quarter profit rose slightly on strong double-digit growth in international markets. St. Paul, Minn.-based 3M Co. says it earned $945 million, or $1.33 per share, compared with $917 million, or $1.25 per share a year earlier. Net sales are up to $6.74 billion from $6.14 billion a year earlier. Excluding special items 3M says it earned $1.39 per share in the most recent quarter. http://www.ibtimes.com/articles/20080724/international-boosts-3m-2q-results.htm Thu, 24 Jul 2008 07:38:44 EDT Drugmaker Bristol-Myers Squibb Co. on Thursday reported an 8 percent increase in second-quarter profit, beating Wall Street expectations, as the weak dollar boosted foreign sales and several key drugs saw big jumps in U.S. sales. http://www.ibtimes.com/articles/20080724/bristol-myers-squibb-posts-8-percent-profit-jump.htm Thu, 24 Jul 2008 07:31:34 EDT Drug and medical device maker Eli Lilly says its earnings rose 44 percent in the second quarter as sales growth was helped in part by the weaker dollar. http://www.ibtimes.com/articles/20080724/lilly-2q-earnings-rise-44-pct-as-sales-increase.htm Thu, 24 Jul 2008 07:28:35 EDT Standard & Poor's Inc. included three U.S. consumer staples companies among 73 companies based in the United States that made its annual Global Challengers, a list released Wednesday of mid-sized companies that show the "highest growth characteristics." http://www.ibtimes.com/articles/20080724/s-p-names-3-us-consumer-staples-companies-to-list.htm Thu, 24 Jul 2008 07:19:28 EDT Standard & Poor's Inc. included two U.S. financial services and related companies among 73 companies based in the United States that made its annual Global Challengers, a list released Wednesday of mid-sized companies that show the "highest growth characteristics." http://www.ibtimes.com/articles/20080724/s-p-names-2-us-financial-cos-as-likely-to-grow.htm Thu, 24 Jul 2008 07:18:55 EDT Standard & Poor's Inc. included 13 U.S. information technology companies among 73 companies based in the United States that made its annual Global Challengers, a list released Wednesday of mid-sized companies that show the "highest growth characteristics." http://www.ibtimes.com/articles/20080724/s-p-names-13-us-it-companies-as-likely-to-grow.htm Thu, 24 Jul 2008 07:18:39 EDT Standard & Poor's Inc. included eight U.S. consumer discretionary companies among 73 companies based in the United States that made its annual Global Challengers, a list released Wednesday of mid-sized companies that show the "highest growth characteristics." http://www.ibtimes.com/articles/20080724/s-p-names-8-us-consumer-discretionary-cos-to-list.htm Thu, 24 Jul 2008 07:16:51 EDT Biopharmaceutical company Elan Corp. PLC reported growing sales and narrower losses in its second-quarter report Thursday, citing growing momentum for its multiple sclerosis-fighting drug, Tysabri. http://www.ibtimes.com/articles/20080724/drug-maker-elan-says-2q-sales-grow-30-percent.htm Thu, 24 Jul 2008 07:13:01 EDT