Business News

  • Pantaloon Oks raising 4.99 bln rupees at 316 rupees/share Reuters - Mon, Nov 23

    Pantaloon Retail (India) Ltd said on Monday is committee of directors has approved issue of 15.8 million shares to raise 4.99 billion rupees via qualified institutional placement at a price of 316 rupees per equity share.

  • File photo of electric pylons in Ahmedabad, February 21, 2006. Power firm JSW Energy will launch its initial public offering (IPO) to raise 27 billion rupees on Dec 7, a top official of the JSW group, which owns India's third biggest steel maker JWS Steel, said on Monday. REUTERS/Amit Dave/Files
    JSW Energy to launch 27 bln rupee IPO on Dec 7 Reuters - Mon, Nov 23

    Power firm JSW Energy will launch its initial public offering (IPO) to raise 27 billion rupees on Dec 7, a top official of the JSW group, which owns India's third biggest steel maker JWS Steel, said on Monday.

  • Mahindra arm to bid for $3.5 bln defence deals Reuters - Mon, Nov 23

    The defence systems unit of vehicle maker Mahindra & Mahindra will bid for domestic defence projects worth $3.5 billion over the next seven years, its chief executive said on Monday.

  • File photo of Indonesians working at a construction site in Cyberjaya, outside Kuala Lumpur, September 15, 2005.
REUTERS/Bazuki Muhammad/Files
    ANALYSIS - Besides consumption, Asia must also invest more Reuters - Mon, Nov 23

    Perhaps by living on another planet you might have missed the conclusion that Asia must boost consumption and let its exchange rates climb to help put the world economy on a more-even keel.

  • U.S. one dollar bills are displayed in this posed photograph in Toronto in this October 22, 2008 file photo. REUTERS/Mark Blinch/Files
    ANALYSIS - U.S. dollar no longer a one-way bet Reuters - Mon, Nov 23

    The one-way bet in the U.S. dollar that has lasted several months may be over for now despite distress over its malaise that has stretched from Washington to Paris.

  • A shopper reaches into his wallet to pay for a purchase on "Black Friday" at the K-Mart store in Burbank, California in this November 28, 2008 file photo. REUTERS/Fred Prouser/Files
    'Black Friday' deals may not signal retail comeback Reuters - Mon, Nov 23

    When the U.S. holiday shopping season kicks off on the day after Thanksgiving, retailers can expect to see millions of less frightened, but even more bargain-hungry customers cross their thresholds.

  • A Bank of America logo can be seen in a bank branch in New York April 28, 2009. REUTERS/Lucas Jackson/Files
    BofA may extend CEO search into 2010 Reuters - Mon, Nov 23

    Bank of America may extend its search for a new chief executive into next year if its board is unable to pick a candidate in the next four days, according to a report on the Bloomberg News website.

  • Shop green? Global survey lists top eco-friendly retailers Reuters - Mon, Nov 23

    Eco-friendly managers and staff are the key to making a retailer go green, according to a study listing 15 of the world's top eco-friendly retailers in Europe, North America, Asia and Australia.

  • The Cadbury factory is seen behind a fence in Bournville, central England, November 9, 2009. Kraft made a formal but unchanged bid for Cadbury on Monday, leading analysts to predict the U.S. food giant was ready to play a long game in its unrequited courtship of the British confectioner. REUTERS/Darren Staples
    Cadbury prefers merger with Hershey over Kraft - report Reuters - Sun, Nov 22

    Cadbury Plc would prefer a merger with U.S. chocolate maker Hershey Co rather than Kraft Foods Inc, the British company's chairman Roger Carr told the Sunday Telegraph.

  • A traffic sign shows the way to the plant of German car manufacturer Opel in Kaiserslautern in this November 5, 2009 file photo. German Finance Minister Wolfgang Schaeuble pressed General Motors on Sunday to shed light on its plans for Opel and said the U.S. group had a responsibility for workers at its European unit. REUTERS/Johannes Eisele/Files
    German FinMin presses GM to spell out Opel plans-paper Reuters - Sun, Nov 22

    German Finance Minister Wolfgang Schaeuble pressed General Motors on Sunday to shed light on its plans for Opel and said the U.S. group had a responsibility for workers at its European unit.

  • The Cadbury logo is seen behind barbed wire at the company's factory in Bournville, central England, November 9, 2009. Swiss food giant Nestle may consider a bid for Britain's Cadbury to challenge a hostile 9.9 billion pound bid by Kraft Foods Inc and a potential move by Hershey, Bloomberg reported on Sunday. REUTERS/Darren Staples
    Nestle may consider a bid for Cadbury Reuters - Sun, Nov 22

    Swiss food giant Nestle may consider a bid for Britain's Cadbury to challenge a hostile 9.9 billion pound bid by Kraft Foods Inc and a potential move by Hershey, Bloomberg reported on Sunday.

  • Poland says to sell CO2 permits to Ireland soon Reuters - Sun, Nov 22

    Poland will sign an accord shortly under the global Kyoto Protocol to sell surplus carbon emission permits worth 15 million euros to Ireland, Environment Minister Maciej Nowicki said on Saturday.

  • Steam and other emissions are seen coming from funnels at a chemical manufacturing facility in Melbourne in this June 24, 2009 file photo. After months of political haggling the Australian government will unveil its revised carbon trading laws this week, with a vote expected by year's final day of parliament on Thursday. REUTERS/Mick Tsikas/Files
    Bushfires burn as Australia prepares final ETS laws Reuters - Sun, Nov 22

    After months of political haggling the Australian government will unveil its revised carbon trading laws this week, with a vote expected by the year's final day of parliament on Thursday.

  • A Ford logo reflects a car dealership in Manassas, Virginia, in this August 3, 2009 file photo. A Chinese engineer arrested on suspicion of stealing Ford Motor Co. trade secrets will likely face additional charges after more secret data was found on his computer, U.S. prosecutors said this week. REUTERS/Larry Downing/Files
    Engineer in Ford theft case may face more charges Reuters - Sun, Nov 22

    A Chinese engineer arrested on suspicion of stealing Ford Motor Co. trade secrets will likely face additional charges after more secret data was found on his computer, U.S. prosecutors said this week.

  • Australian government to present final carbon trading plans Reuters - Sun, Nov 22

    After months of political haggling the Australian government will unveil its revised carbon trading laws this week, with a vote expected by year's final day of parliament on Thursday.

  • Time Warner, News Corp reported interested in MGM Reuters - Sat, Nov 21

    News Corp, Time Warner Inc and Qualia Capital LLC are interested in buying Hollywood's Metro-Goldwyn-Mayer film studio, home of the James Bond movies, Bloomberg News reported on Friday.

  • General Electric Co. logo on a closed General Electric Co. facility in Lynn, Massachusetts March 6, 2009. General Electric and Vivendi are moving closer to a deal on NBC Universal, with Vivendi agreeing to accept payment for just one-third of its stake until a related deal with Comcast closes, according to a source. REUTERS/Brian Snyder/Files
    GE, Vivendi make progress on NBC Universal Reuters - Sat, Nov 21

    General Electric and Vivendi are moving closer to a deal on NBC Universal, with Vivendi agreeing to accept payment for just one-third of its stake until a related deal with Comcast closes, according to a source

  • A Honda car is seen at a showroom in west London January 30, 2009. Japan's Honda Motor Co Ltd has again produced the most fuel efficient and least polluting vehicles on American roads, the U.S. government projections for 2009 showed on Friday. REUTERS/Toby Melville/Files
    Honda tops again in efficiency on U.S. roads Reuters - Sat, Nov 21

    Japan's Honda Motor Co Ltd has again produced the most fuel efficient and least polluting vehicles on American roads, the U.S. government projections for 2009 showed on Friday.

  • The Cadbury logo is seen behind barbed wire at the company's factory in Bournville, central England, November 9, 2009. Akeel Sachak, global head of the consumer team at Rothschild, may get a seat at the table for this year's sweetest deal after all. REUTERS/Darren Staples
    Rothschild star and Buffett banker circle Cadbury Reuters - Sat, Nov 21

    Akeel Sachak, global head of the consumer team at Rothschild, may get a seat at the table for this year's sweetest deal after all.

  • 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.


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