COMPANIES

Bernard Madoff walks back to his apartment in New York

Top JPMorgan execs were warned about Madoff: trustee

JPMorgan Chase & Co executives were concerned that Bernard Madoff was running a Ponzi scheme, but they silently stood by for years to protect the bank's investments, the trustee for Madoff's investors said.

South Africa farmers oppose Shell's shale gas plans

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Royal Dutch Shell is facing opposition to its plans to seek shale gas in South Africa's semi-desert Karoo region, as farmers fear methods used to extract it will contaminate water and harm the environment.
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Japan's Kansai owns 69 pct of Freeworld

Japan's Kansai Paint said on Thursday it now owns nearly 69 percent of Freeworld Coatings, likely solidifying its bid to take over the South African paint firm.
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BJ's may put itself up for sale

BJ's Wholesale Club Inc said it may put itself up for sale, under pressure from a private equity firm that may make a hostile bid.
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BT reports 188k broadband net adds in Q3

British telecommunications company BT Group plc reported its highest share of DSL broadband net additions for eight years and said pretax profit for the third quarter more than doubled from last year.
A shopper is seen at a branch of South African retailer Pick n Pay in Johannesburg

Pioneer withdraws $116 million bid for KWV

South African group Pioneer Food said on Wednesday it has withdrawn its offer to buy unlisted wine and spirits maker KWV, after the deal failed to gain support from some KWV shareholders.
TPG and GIC to invest in Indonesia's coal firm

S.Africa says coal for power a priority

South African Mining Minister Susan Shabangu said on Wednesday the government would act to ensure sufficient coal supplies for power generation, but urged industry to sort out the supply problem first.
Vodacom

Prepaid users, mobile data lift Vodacom Q3 sales

Vodacom, South Africa's largest mobile phone operator, overcame stiff competition to post a 6 percent rise in third-quarter sales, boosted by a surge in mobile data and strong prepaid growth.
cocoa

Ivory Coast cocoa in disarray from crisis-farmers

A cocoa export ban in Ivory Coast and a liquidity shortage since incumbent Laurent Gbagbo seized the central bank's local branch has left the top grower's cocoa industry in chaos, with beans piling up on farms or being smuggled out, farmers said on Wednesday.
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Verizon iPhone 4 available for pre-orders from Feb. 3

Apple Inc. said its CDMA iPhone 4 will be available for pre-orders from Thursday at Apple stores and Verizon Wireless. Apple said orders will be fulfilled on a first come, first served basis due to strong demand.
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Carpetright warns on FY profit after sales fall

British carpet and floor covering retailer Carpetright Plc said it expects full-year profits to be below last year and below market expectations, citing lower third quarter sales due to adverse weather conditions and fragile consumer confidence.
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Tribune lenders drop competing bankruptcy plan

A group of lenders has withdrawn its plan for reorganizing newspaper owner Tribune Co, leaving two proposals for ending the company's two-year stay in bankruptcy, according to court documents.
Image of a passenger appears on the screen as Transportation Safety Administration employees demonstrate new body scanner software in Arlington, Virginia

U.S. pilots new airport scans after privacy concerns

U.S. aviation security authorities on Tuesday unveiled a new pilot program aimed at quelling an uproar about full-body scanners used to screen air travelers -- the new software will no longer produce an image of the actual person.
DLA Piper

DLA Piper to become Wal-Mart of law firms

DLA Piper is all set to emerge as the largest law firm in the world in terms of revenues and the number of lawyers, after it merges with its Australian partner DLA Phillips Fox.

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