Business News

  • The logo of Barclays bank is seen outside a branch in central London March 3, 2008. REUTERS/Alessia Pierdomenico
    Barclays appoints India investment head Reuters - Mon, Mar 3

    British bank Barclays said on Monday it had appointed Ramachandran Krishnan as head of its investment and product office in India.

  • An employee of Nokia Siemens Networks enters the office in Dubai June 6, 2007. REUTERS/Ahmed Jadallah/Files
    Nokia wins UK court ruling over Qualcomm Reuters - Mon, Mar 3

    The world's top mobile phone maker, Nokia Oyj, has won a patent case against U.S. chipmaker Qualcomm Inc in the UK High Court, the two companies said on Monday.

  • The OPEC logo is seen on the rooftop of Vienna's OPEC headquarters, September 27, 2001. REUTERS/Heinz-Peter Bader/Files
    OPEC unlikely to be moved by $100 oil Reuters - Mon, Mar 3

    Oil prices of more than $100 a barrel are unlikely to sway OPEC ministers meeting in Vienna this week into raising output, which they say is more than enough.

  • An oil facility is seen at Venezuela's western Maracaibo lake in this November 5, 2007 file photo. REUTERS/Isaac Urrutia
    Oil hits fresh high after Ecuador pipeline rupture Reuters - Fri, Feb 29

    Oil touched a new high above $103 on Friday after Ecuador shut a key export pipeline and a fire hit a major European natural gas plant, while the U.S. dollar's fall to a series of lows kept fresh funds flowing in.

  • A Ford Motor Company assembly worker works on the assembly line at the Wayne Stamping and Assembly Plant in Wayne, Michigan October 15, 2007. REUTERS/Rebecca Cook
    US recession worry mounts on weak GDP, job claims Reuters - Fri, Feb 29

    The U.S. economy expanded at a glacial pace in the fourth quarter and applications for jobless aid jumped last week, according to government data that raised fears of a looming recession.

  • The Nokia Research Center is seen in Helsinki in this October 18, 2007 file photo. Mobile phone maker Nokia's win over chip maker Qualcomm Inc in one of their many patent battles was confirmed on Wednesday by a trade panel that hears many patent cases, the two companies said. REUTERS/Antti Aimo-Koivisto/Lehtikuva/Files
    ITC confirms Nokia win over Qualcomm - companies Reuters - Thu, Feb 28

    Mobile phone maker Nokia's win over chip maker Qualcomm Inc in one of their many patent battles was confirmed on Wednesday by a trade panel that hears many patent cases, the two companies said.

  • Chairman of the Federal Reserve Ben Bernanke testifies on the state of the economy before the House Financial Services Committee on Capitol Hill in Washington February 27, 2008. REUTERS/Kevin Lamarque
    Bernanke says Fed prepared to help U.S. economy Reuters - Thu, Feb 28

    U.S. Federal Reserve Chairman Ben Bernanke on Wednesday signalled a readiness to cut interest rates again to prevent further damage to the weak U.S. economy, even as he took note of rising inflation risks.

  • Gamblers continue playing slots as members of the Lohan School of Shaolin perform a dragon dance to celebrate Chinese New Year in the casino of the Las Vegas Hilton, Nevada February 9, 2008. REUTERS/Las Vegas Sun/Sam Morris
    Bets are off -- casinos feel economic pinch Reuters - Thu, Feb 28

    Casinos, generally seen as recession-proof, are beginning to feel the pain of the slowing U.S. economy.

  • The sign for the Verizon Wireless store is seen in Lakewood, Colorado in this September 11, 2007 file photo. REUTERS/Rick Wilking/Files
    Verizon says in talks with Qwest on wireless deal Reuters - Thu, Feb 28

    Qwest Communications International Inc has discussed a potential partnership with Verizon Wireless, Verizon Communications Inc confirmed on Wednesday, showing Qwest may dissolve its partnership with Sprint Nextel Corp.

  • The North Sea oil platform Thistle Alpha is seen in this undated handout photograph, received in London on November 25, 2007. Oil powered to a new record above $102 a barrel, closing in on its inflation-adjusted peak, as a slumping dollar on lacklustre U.S. economic data triggered a surge across commodities markets. REUTERS/Petrofac/Handout/Files
    Oil hits new peak as commodities boom on dollar slump Reuters - Wed, Feb 27

    Oil powered to a new record above $102 a barrel on Wednesday, closing in on its inflation-adjusted peak, as a slumping dollar on lacklustre U.S. economic data triggered a surge across commodities markets.

  • An oil facility is seen at Venezuela's western Maracaibo lake in this November 5, 2007 file photo. REUTERS/Isaac Urrutia
    Oil jumps to new record over $101 as dollar slumps Reuters - Wed, Feb 27

    Oil rallied to new records above $101 on Wednesday, as lacklustre U.S. economic data forced the U.S. dollar into a deeper slump, sparking a surge across commodities markets.

  • An oil facility is seen at Venezuela's western Maracaibo lake in this November 5, 2007 file photo. REUTERS/Isaac Urrutia
    Oil hits new record-high on U.S. dollar slump Reuters - Wed, Feb 27

    Oil rose to a fresh record-high on Wednesday to above $101, as a much weaker U.S. dollar bolstered funds buying across commodities markets.

  • A motorist holds a fuel pump nozzle at a Gulf petrol station in London in this April 18, 2006 file photo. REUTERS/Luke MacGregor/Files
    Oil's rally over $101 continues as US dollar slumps Reuters - Wed, Feb 27

    Oil continued its rally on Wednesday, after crossing a new peak in the previous session, as lacklustre U.S. economic data forced the U.S. dollar into a deeper slump, sparking a surge across commodities markets.

  • A Delta Airlines plane is seen at O'Hare International airport in Chicago, in this November 15, 2006 file photo. REUTERS/Frank Polich/Files
    Delta says no merger yet, deal must meet conditions Reuters - Wed, Feb 27

    Delta Air Lines Inc cooled expectations on Tuesday that it was ready to merge with Northwest Airlines Corp, saying there was no deal yet and that it had a strong stand-alone plan.

  • A pedestrian passes in front of the Federal Reserve Building in this January 22, 2008 file photo. A top Federal Reserve official said on Tuesday that a weakened U.S. economy was a bigger worry than higher inflation, suggesting a willingness to lower interest rates further as the central bank tackles
    Fed's Kohn says weighing need for more rate cuts Reuters - Wed, Feb 27

    A top Federal Reserve official said on Tuesday that a weakened U.S. economy was a bigger worry than higher inflation, suggesting a willingness to lower interest rates further as the central bank tackles "difficult times."

  • A motorist holds a fuel pump nozzle at a Gulf petrol station in London in this April 18, 2006 file photo. REUTERS/Luke MacGregor/Files
    Oil hits record over $101 a barrel Reuters - Wed, Feb 27

    Oil surged to a record on Tuesday as weakness in the U.S. dollar, following a batch of gloomy economic data, spurred a broad-based rally across the commodities markets.

  • A Delta Airlines plane is seen at O'Hare International airport in Chicago, in this November 15, 2006 file photo. REUTERS/Frank Polich/Files
    Delta CEO says any merger must meet conditions Reuters - Wed, Feb 27

    The chief executive of Delta Air Lines Inc said on Tuesday any merger must meet several conditions, including the protection of worker seniority, and added that Delta has a strong stand-alone plan.

  • ANALYSIS - Delta, Northwest pilots wary of merging Reuters - Wed, Feb 27

    Bigger may not be better for Delta and Northwest pilots.
    A possible merger between Delta Air Lines Inc and Northwest Airlines Corp to create the world's largest airline is in a holding pattern as the carriers' pilots wrangle over integrating seniority lists for more than 11,000 pilots.

  • A motorist holds a fuel pump nozzle at a Gulf petrol station in London in this April 18, 2006 file photo. REUTERS/Luke MacGregor/Files
    Oil surges on weak dollar Reuters - Wed, Feb 27

    Oil surged on Tuesday to a record settlement as investors reacted to weakness in the U.S. dollar following a batch of gloomy economic data.

  • An oil facility is seen at Venezuela's western Maracaibo lake in this November 5, 2007 file photo. REUTERS/Isaac Urrutia
    Oil pushes through $100, eyes on OPEC, weather Reuters - Tue, Feb 26

    Oil surged over $101 a barrel on Tuesday to within pennies of a record as investors reacted to weakness in the U.S. dollar following a batch of gloomy economic data.


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