Eastman Chemical to buy Solutia for $3.4 billion

Updated at 12:15 p.m. with comments from Solutia’s chairman, president and CEO Jeffry Quinn.
Specialty chemical company Eastman Chemical Co. is buying Town and Country-based Solutia […]

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2 more bodies found, fuel removal to begin on ship

Nudged gently by the tides off Tuscany, the capsized Costa Concordia has been deemed stable enough on its rocky perch for salvagers to begin pumping […]

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Skechers Super Bowl ad swaps Kardashian for… a dog

Skechers, the athletic shoe company, has unveiled the star of its upcoming Super Bowl commercial — and it’s not Kim Kardashian.
It’s a little dog […]

Lipitor sales level off after arrival of generics

Sales of Lipitor, the top-selling drug in history, have leveled off after a steep plunge following the start of U.S. generic competition.
New figures from data […]

Singh Caps Year of Failure With Graft Uproar - Bloomberg

Prime Minister Manmohan Singh failed to win passage of his anti-corruption bill as an uproar broke out in India

China

Export-Import Bank of China extended $12.5 billion more in loans to sub-Saharan Africa in the past decade than the World Bank, Fitch Ratings said.
State-owned […]

Delta Air Lines predicts 2011 profit of $800M

Delta Air Lines Inc. says it expects an $800 million profit this year, and it will be solidly profitable in 2012.
The company says in a […]

Stocks rebound on reports of 2nd euro bailout fund

Stocks rose in late-afternoon trading Tuesday on a report that European leaders might create a second bailout fund to supplement the one they have already […]

Congress still has time, but debt bomb fuse is getting short

The failure of Congress’ deficit-cutting supercommittee may be a bad omen, but it’s no calamity.
Just ask the bond market, which is still willing to lend […]

Germany’s auction flop adds to European debt fears

Germany failed to raise as much money as it hoped in its latest bond auction, in a surprising sign that Europe’s biggest economy may not […]