COMPANIES

Rosneft (ROSN.MM) is set to take on Gazprom (GAZP.MM) when Russia puts the Kovykta gas field on the block on Tuesday as the country's top crude producer aims to muscle in on the gas export monopoly's plans to supply China.

Citigroup Inc could write down some $5 billion to $10 billion in expected future tax benefits if the United States decreases corporate tax rates, veteran banking analyst Mike Mayo estimated on Monday.

A former executive at Colonial Bank, which collapsed in part because of its close ties to the now-bankrupt Taylor, Bean & Whitaker Mortgage Corp, is expected to plead to criminal charges on Wednesday.

A U.S. regulator charged three former directors of a military contractor with involvement in a massive accounting fraud, after a jury had convicted the company's founder of orchestrating the $190 million scheme.

Rock star and the widow of late Kurt Cobain Courtney Love might be leasing a townhome on 250 West 10th Street, last seen on the market with an asking price of $28,000 per month.

Homeownership as an investment is no longer the rock-solid foundation for the American Dream it once was, according to a survey released on Monday by the firm the government created in the 1930s to promote homeownership.

American Express Co said it could face up to an additional $500 million in losses from lawsuits and governmental examinations, on top of what it has already reserved for them.

Citigroup Inc could face up to $3 billion in claims from the bankruptcy proceedings of Lehman Brothers Holdings Inc , the third largest U.S. bank by assets said in a regulatory filing on Friday.

JP Morgan follows Goldman Sachs dive into social networking territory, as it is in talks of acquiring a 10 percent minority stake in micro blogging site Twitter.

The Pulitzer Prize-winning novelist Upton Sinclair’s former home in Monrovia has been listed on the market for $1.5 million.

Red Bull will have their Renault engines renamed Infiniti this season and in the process boost the team's budget by at least £7m.

South African gaming and hotels group Sun International Ltd reported a flat first-half profit, hit by unfavourable swings in currencies and warned of little growth for the remainder of the year.

Toys R Us Inc is looking to raise around $800 million in an initial public offering in April, though a final decision has not been reached, the New York Post said on Saturday.

Based on a survey by Harvard Business School publication Working Knowledge, conducted among reputed faculty at the School, here are five areas or trends which are emerging as key influencers of business and management in the 21st century.

China will not cut its orders for Boeing (BA.N) and Airbus (EAD.PA) jets since its self-developed commercial jets not yet able to meet demand, China's top aviation regulator said on Monday.

German carmaker BMW aims to produce around 30,000 units of its electric i3 model annually, reported Automotive News.

The French fashion house synonymous with Audrey Hepburn and Breakfast At Tiffany's is eyeing Asia as its next big growth market, spurred by the rapidly rising incomes of the region's nouveau riche.

Specialised laser maker IPG Photonics said growth in China resulted in better-than-expected quarterly results and forecast first-quarter results above expectations.

A derailment on the Richards Bay coal line near Ermelo on Thursday is unlikely to result in large tonnage lost, rail and exporter sources said.

Rwanda has put plans of awarding a fourth mobile phone operator's licence on the ice until subscriber growth and market share distribution stabilises, the industry regulator said on Friday.

The Development Bank of Seychelles (DBS) will issue a five-year bond worth 50 million rupees with a 6 percent coupon, central bank said on Friday.

Kenyan cement maker Bamburi recorded on Friday a 21 percent drop in annual pretax profit to 7.56 billion shillings as competition increased.

Namibia paid commodities trader Glencore N$448 million in outstanding fees after the government cancelled an oil supply contract, the Southern Times reported on Friday.

Mozambique will solicit bids for oil and gas exploration from international firms within the next two years, a senior government official said on Friday.

BP said on Friday it would shut its Plutonio oilfield in Angola for maintenance work in April and expected the stream to return to production in May.

Joe Jackson, the father of late King of Pop Michael Jackson, has invested in a $2 billion, five-star 1,000-room hotel and amusement park in Vietnam.

The automotive credit market showed a significant improvement in the final quarter of last year, as 30- and 60-day loan delinquencies exhibited sharp declines, says a new report.

Italian automaker, Fiat s.p.A has collaborated with iconic brand Gucci to celebrate the 150th anniversary of the unification of Italy and Gucci's 90th anniversary.

A unit of China Unicom (Hong Kong) Ltd, the country's No.2 mobile operator, will make a 16 billion yuan ($2.4 billion), 180-day short-term commercial paper issue, sources said on Friday.