Business News: General

  • Over 60% cos listed on BSE see decline in share value FE - Fri, Nov 20

    Over 60 per cent of companies listed on the Bombay Stock Exchange have seen their share value fall in the last two years, Parliament was informed.

  • Volkswagen names Klingler new head of group sales Reuters - Fri, Nov 20

    Volkswagen named a 41-year-old former Porsche Holding sales expert who joined the Europe's largest carmaker only a year ago to its management board as new group head of sales and distribution starting next year.

  • INTERVIEW - StanChart eyes $800 mln in renewable deals Reuters - Fri, Nov 20

    Standard Chartered Plc said it planned to invest in several renewable energy projects in Asia worth over $800 million.

  • A Japan Airlines aircraft takes off at Haneda international airport in Tokyo in this September 2009 file photo. REUTERS/Toru Hanai
    JAL hit by report of $1 bln derivatives charge Reuters - Fri, Nov 20

    Japan Airlines Corp may have to pay about 100 billion yen ($1.1 billion) to settle derivatives transactions, a newspaper said on Friday, sending the struggling carrier's shares down 3 percent to a record closing low.

  • Flags fly outside of the Goldman Sachs headquarters building in the financial district of New York in this May 2009 file photo. REUTERS/Lucas Jackson
    Investors ask Goldman to be less greedy - WSJ Reuters - Fri, Nov 20

    Big shareholders at Goldman Sachs have asked the U.S. bank, on track to deliver $20 billion in bonuses, to pass more profit to investors after it quadrupled quarterly net profit, the Wall Street Journal reported.

  • Cadbury's chocolate bars are seen in a shop in London in this in this June 2006 file photograph. REUTERS/Alessia Pierdomenico /Files
    Ferrero, Hershey would likely break up Cadbury - press Reuters - Fri, Nov 20

    Cadbury suitors Ferrero and Hershey would likely break the UK confectioner up into separate businesses if a mooted bid for the company succeeds, an Italian newspaper reported.

  • A line of job seekers stretches out of a hotel doorway as they wait to enter a Monster.com job fair in Los Angeles, California in this July 2008 file photo. REUTERS/Fred Prouser
    State, local budget cuts a "time bomb" for U.S. jobs Reuters - Fri, Nov 20

    Budget shortfalls pose a direct threat to millions of U.S. jobs, many in the private sector, as state and local governments lay off workers and cut spending on contracts and other business services, a think tank said on Thursday.

  • A man looks at Sony's digital cameras at an electronic store in Tokyo October 30, 2009. Shares of Sony Corp fell to their lowest in nearly four months on Friday after the electronics maker's new business strategy failed to convince investors it could deliver strong profit growth. 
REUTERS/Kim Kyung-Hoon/Files
    Sony slides to 4-mth low, plan fails to inspire Reuters - Fri, Nov 20

    Shares of Sony Corp fell to their lowest in nearly four months on Friday after the electronics maker's new business strategy failed to convince investors it could deliver strong profit growth.

  • A light shows red in front of the factory of Nokia in Bochum in this January 2008 file photo. REUTERS/Ina Fassbender
    Nokia cuts 330 R&D jobs as focuses on fewer models Reuters - Fri, Nov 20

    Nokia is to cut 330 research and development jobs in Finland and Denmark as it focuses on launching fewer, but more iconic, phones.

  • An employee fills a vehicle at a gas station in Hefei, Anhui province in this January 2009 file photo. REUTERS/Jianan Yu
    ANALYSIS - What drives China? Soon, cleaner fuel Reuters - Fri, Nov 20

    Lorry driver Zhang Jianwei isn't worried about cleaner fuel requirements that come into force in China next year, raising the price of motor fuels -- he will just keep buying cheaper, dirtier diesel at smaller stations.

  • Time Warner's AOL to cut one-third of workforce Reuters - Fri, Nov 20

    AOL plans to cut one-third of its workforce, or about 2,500 jobs, in an effort to trim some $300 million in annual costs as part of the Internet company's planned spin-off from Time Warner Inc.

  • Medical equipment in a paediatrician's office is shown in Encinitas, California in this July 30, 2009 file photo. REUTERS/Mike Blake
    U.S. Senate nears first healthcare vote Reuters - Fri, Nov 20

    Democrats in the U.S. Senate geared up for a fierce battle over a new healthcare reform plan on Thursday as Republicans condemned the bill's price tag and tax hikes before the first crucial test vote on Saturday.

  • ANALYSIS - Obama in Asia - building block or bow? Reuters - Fri, Nov 20

    U.S. President Barack Obama arrives home on Thursday with no big policy breakthroughs after more than a week in Asia trying to recast the U.S. relationship with a dynamic region.

  • Sensex falls by 22 points FE - Fri, Nov 20

    The Bombay Stock Exchange 30-share index fell by 22 points at 1015 hours on Friday in sustained volatility caused by approaching expiry of futures & options contract.

  • Gold futures steady near record highs FE - Fri, Nov 20

    Gold futures steadied near record highs on Friday as pressure from profit-taking was offset by the yellow metal's safe-haven appeal on cautious global economic outlook, analysts said.

  • Rupee recovers by 15 paisa against dollar FE - Fri, Nov 20

    The rupee recovered smartly by 15 paisa to 46.53/54 against the greenback in early trade on Friday on exporters dollar sales amid subdued local stocks.

  • People walk out from Sony Corp's headquarters in Tokyo in this December 2008 file photo. REUTERS/Toru Hanai
    Sony to launch new online service in 2010 Reuters - Fri, Nov 20

    Sony Corp said on Friday that its planned entertainment content distribution service for network-compatible TVs and other devices will be launched next year.

  • AirAsia swings back to $38.4 million profit in Q3, AS AP - Fri, Nov 20

    KUALA LUMPUR, Malaysia (AP) Budget carrier AirAsia said Friday its net profit totaled 130 million ringgit ($38.4 million) in the third quarter, buoyed by rising passenger numbers and income from add-on services.

  • Sensex down 118 points in opening trade FE - Fri, Nov 20

    Continuing its slide for the third straight session, the Bombay Stock Exchange benchmark index Sensex lost nearly 118 points in opening trade on Friday on increased capital inflows by funds and retail investors, triggered by weak global markets.

  • Oil prices up in Asian trade FE - Fri, Nov 20

    Oil rose in Asian trade on Friday as investors bought the commodity at more attractive prices, but concerns over the strength of the global economic recovery has injected caution into the market.


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