Pfizer profits jump on asset sale gain

THE world's biggest pharmaceutical company, Pfizer, has reported a big jump in fourth-quarter earnings as cost-cutting efforts plus a gain from an asset sale helped offset the loss of exclusivity of a blockbuster cholesterol drug. Pfizer reported...

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Mozambique military on flood duty

MOZAMBIQUE'S military has been called in to help tackle severe flooding that has killed 48 people and is likely to spread to the country's central and northern regions, officials say. The armed forces have begun helping with clean-up operations...

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Ford earns $1.6b in 4Q, warns of Euro loss

FORD has earned better-than-expected profits in 2012 as record results in North America trumped losses in Europe. It will have to do even better at home this year as the losses in Europe mount. Ford earned $US5.7 billion ($A5.50 billion) for the...

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Smog again envelops huge swathes of China

RESIDENTS across huge swathes of northern China are battling through choking pollution at extreme levels, as Beijing was plunged into toxic twilight for the fourth time this winter. Visibility was reduced to around 200 metres in parts of the capital,...

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US stocks flat ahead of confidence data

US stocks are treading in place ahead of a key consumer confidence report, despite a series of better-than-expected company earnings. In the first five minutes of trade, the Dow Jones Industrial Average was up 10.75 points (0.08 per cent) at...

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Dangerous prisoner goes off GPS radar

Dangerous prisoner Setu Aloiai is on the loose after removing his GPS tracking bracelet near Brighton, north of Brisbane. Source: Supplied A DANGEROUS prisoner is on the loose after removing his GPS tracking bracelet near Brighton, north...

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Top Bolshoi ballerina 'flees Russia'

ONE of the Bolshoi ballet's best known ballerinas has fled Russia for Canada after receiving threats, it has emerged, as the chief of the troubled company prepares to leave for Germany to receive treatment for wounds sustained in an acid attack. ...

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