COMPANIES

Italy's Eni and Russia's Rosneft announced on Wednesday a joint venture to search for oil and gas in the Russian Arctic, following a similar pact between ExxonMobil and the state-run oil firm.

Well, surely, Samsung Galaxy Tab 2 7.0 one of the cheapest tablets to run Android 4.0 Ice Cream Sandwich version. However, before getting anywhere near conclusion, one has to note that wireless communication vendors including Amazon, Apple others are creating a buzz in the industry and are anticipated to saturate the table market with their powerful line-up devices at low costs.

After initial delay of Intel's processor for 2012, the company has finally launched its first breed of quad-core processor on Monday. The latest chip, codenamed as Ivy Bridge, is the world's first processors to use a 22-nanometer manufacturing process and feature Intel's Tri-Gate 3D transistor technology and will replace the company's Sandy Bridge CPUs in Apple's next-generation of Mac lineups.

If your name is legally Don Draper, not only do you have the same name as possibly the most suave ad man in fiction's history, but you could also score yourself a free hotel room at Howard Johnson. The HoJo hotel chain is using the latest episode of Mad Men, where Mr. and Mrs. Draper had a horrific experience during their stay, as a marketing ploy - and an apology - to everyone named Don Draper by giving a free one-night stay in order to boost the brand and revenue.

Caterpillar Inc. (NYSE: CAT), the largest maker of construction and mining equipment, reported a 29 percent jump in its first-quarter profit that topped analysts' estimates and boosted its full-year outlook, as U.S. builders replaced their aging machinery and demand for mining equipment boomed.

Shares of Apple (Nasdaq: AAPL), the world's most valuable technology company, skyrocketed 10 percent before the markets opened Wednesday on forecasts of further recordbreaking earnings. That sent overall U.S. markets up.

An anonymous bidder just acquired a piece of Hollywood history. Britney Spears' Beverly Hills home just sold for $4,253,000. Originally listed at $2,995,000, the lucky bidder will be living in the home that the pop star had her famous 2008 meltdown in. (No word if the house comes with a stretcher.)

Last August, someone abandoned a Ferrari Enzo worth $1 million in Dubai will be up for auction by police on Wednesday along with 22 other supercars and luxury vehicles.

Nissan Motors' Sentra variants may not have left much of an impression with the consumers. However, a redesigned version of the compact sedan is notably a cause for excitement.

Google has finally launched its first cloud storage aka Google Drive on Tuesday. the service offers 5GB space to play with for free, with options to pay $2.49 / month for 25GB additional space, $5 / month for 100GB and $50 / month for a full terabyte of extra space. can it beat Dropbox or Microsoft's SkyDrive?

The two most talked about smartphones after the Samsung and Apple biggies are AT&T HTC One X and Sprint Galaxy Nexus right now, which are not leaving any stone unturned to lure the US customers towards their offerings.

A New York judge on Tuesday rejected an effort by AIG Inc (AIG.N) and other objectors to Bank of America Corp's (BAC.N) proposed $8.5 billion mortgage bond settlement to convert the case to a proceeding that may have widened its scope.

For the 19th time in the last 20 quarters, Apple reported sales that exceeded Wall Street's estimates. Not bad for a company started out of a garage. On Tuesday, Apple followed-up its most successful quarter in company history with its Q2 2012 financial results.

Gulf Coast shrimp processors are asking a federal judge to delay final approval of the $7.8 billion settlement between BP and third-party claimants over the 2010 Gulf oil spill.

Apple Inc. (Nasdaq: AAPL), the world's most valuable technology company, reported second-quarter financial results that blew past analyst expectations.

Ford Motor Co. (NYSE: F) won back its investment-grade credit rating Tuesday from Fitch Ratings on the automaker's significantly improved financial performance, balance sheet repair and product portfolio improvement.

At the Beijing Auto Show on Monday Lamborghini unveiled their first sports utility vehicle (SUV) in almost 20 years, the Urus, which will cost $200,000 and likely be available for purchase in 2015. Research and development director Maurizio Reggiani revealed details and specs regarding the new model in an interview with Automobile Magazine. Check out the interview and photos of the car here.

Assuming the $77 billion initial public offering by Facebook is approved, investors will likely clamor for shares just as in earlier web frenzies for Netscape Communications, Yahoo (Nasdaq: YHOO) and Google (Nasdaq: GOOG).. But dangers loom.

Much has been made over the new Lamborghini SUV Urus concept revealed the other day at the 2012 Beijing Motor Show, and it certainly is a striking concept that has fairly successfully merged two seemingly diametrically opposed design aesthetics, that of Lamborghini's low-slung, aggressive supercars and the beloved-by-footballers-and-rap-stars luxury SUV. And the merger makes good business as well as style sense.

A former BP Plc engineer was arrested and charged on Tuesday with trying to destroy evidence related to how much oil was spilling from the company's broken well in the Gulf of Mexico in April of 2010, the U.S. Justice Department said.

A former BP Engineer is the first to be charged in the Deepwater Horizon disaster of 2010. Kurt Mix, of Katy, TX, has been arrested and accused of deleting text messages detailing how much oil was gushing into the Gulf of Mexico.

Watson Pharmaceuticals Inc. (NYSE: WPI) will announce on Wednesday the purchase of major Swiss competitor Actavis Group, according to media reports citing persons familiar with the negotiations.

LANDesk Software, the venerable desktop management systems developer, said it had acquired private Managed Planet to bolster its play into ‘’Big Data” and analytics.

Britain's Cove Energy PLC, which owns part of a massive natural gas field off the coast of Mozambique, said Tuesday it accepted a sweetened takeover offer of £1.12 billion ($1.8 billion) from a unit of Anglo-Dutch energy giant Royal Dutch Shell PLC.

Apple is ready to announce its second quarter results today, April 24, 2012, at approximately 5 p.m. ET. Bolstered mostly by the release of the company's third-generation iPad, Apple is expected to announce a great quarter, although not quite as record-breaking as its last one.

Thomson Reuters Corp. (NYSE: TRI) announced Monday it has entered into an agreement to sell its Ann Arbor, Mich.-based health care unit to private equity firm Veritas Capital Management LLC for $1.25 billion. The sale is expected to close in the coming months pending regulatory approval.

The all new Google Drive is out now. Watch the video. The recent newsbreak comes by the French translation of new cloud storage announcement to its French blog (which is now deleted) has confirmed details on the new Google Drive.

The latest rumors indicate that Apple's MacBook Pro series laptop will receive liquidmetal chassis, improved battery and 4G Lter support. Ivy chips and Thunderbolt features are confirmed to be coming in the next Mac device and at the same time reports say that the 17-inch model can be dropped this time to keep Apple's production streamlined.

George Rathmann, who helped build Amgen Inc from a start-up into the world's biggest biotechnology company as its founding CEO, died on Sunday, the firm said in a statement. He was 84.