Business News

Hewlett-Packard Co tripled the size of its share repurchase program to $12 billion as China sales and better profit margins on its services boosted quarterly earnings.

California's beleaguered labor market added 25,700 jobs in October, but the gain may only be a brief respite for the state's legions of job seekers.

Lehman Brothers International (Europe), where more than $35 billion of hedge fund assets have been frozen since the bank's collapse last September, could return about $11 billion to fund managers by March if enough firms approve a new plan.

Shares of Japan Airlines Corp fell as much as 9.5 percent to a record low on investor worries the struggling airline could face bankruptcy if it cannot secure an agreement from its pensioners for benefit cuts.

Struggling U.S. retailers are very cautious about hiring part-time help this holiday season and have even set up lists of workers that -- almost like day laborers -- they will only call on at the last minute.

The boat plows on through the brackish green river, taking Jose de Oliveira Quadro on a journey that may have been futile a few years ago.

The chief executive of Infosys Technologies' business process outsourcing arm, which employs about 16,000 staff, has quit.

Private equity firm Middle East & Asia Capital Partners Pte (MEACP) plans to introduce a sharia-compliant investment vehicle to its clean energy fund to attract Islamic capital, a company executive said.

Prime Minister Manmohan Singh said on Monday completing a 2005 U.S.-India nuclear cooperation deal would boost investment opportunities in his country, a hopeful sign for U.S. companies eyeing India's potential $150 billion market in power plants.

A "couple" of countries co-financing Lockheed Martin Corp's F-35 fighter aircraft are delaying planned purchases of the jet, a move that will boost initial prices of the costliest U.S. arms buy, a senior Pentagon program official said on Monday.

President Barack Obama assured Americans on Monday that boosting jobs was a top priority, but gave no specifics about how to meet this goal that some economists say warrants more government spending.

President Barack Obama said on Monday his top priority was to tackle high U.S. unemployment, and stressed that although the economy was growing again, many Americans were still suffering.

Oil prices would threaten a rebound in the global economy if they rise beyond current levels, the chief economist of the International Energy Agency said on Monday.

Speculation about a bid battle for Cadbury among Kraft Foods and other rivals lifted shares in the British confectioner to a new high on Monday but analysts doubt whether a competing bid will emerge.

The Pentagon's chief arms buyer said he would like Lockheed Martin Corp to share the cost of keeping its multibillion-dollar F-35 fighter program on track.

Oil prices rose on Monday as strong U.S. housing data pressured the dollar and lifted expectations an economic rebound will bolster fuel demand.

General Motors will present a plan to European governments to save struggling carmaker Opel within days, a rescue set to cost 3.3 billion euros ($4.9 billion), those involved in talks said on Monday.

State-run Indian Oil Corp (IOC) has bought 4 million barrels of Angolan crude for January loading and issued its third tender for sweet grades to be lifted in the month, trade sources said on Monday.

The government issued solar power targets on Monday, with plans to boost ouptut from near zero to 20 gigawatts (GW) by 2022, but tied chances of the plan's success to availability of international finance and technology.

Following are selected comments from speakers at the 2009 Reuters India Investment Summit that runs from Monday to Wednesday.