Business News

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

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.

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.

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.

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.

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.

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.

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

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.

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.

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.

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.

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.

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 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."

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.

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.

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.

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.

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.