Blackstone plans bid for Rio with Chinese: report
Investment group Blackstone is planning a counterbid for Rio Tinto Ltd/Plc with a consortium believed to include China's sovereign wealth fund, Britain's Daily Telegraph newspaper said on Monday.
Inflation Keeps Heat on Central Banks
Another U.S. Federal Reserve interest rate cut this week is a foregone conclusion as far as financial markets are concerned, but a heaping helping of global inflation data may leave a sour aftertaste. foregone conclusion as far as financial markets are concerned, but a heaping helping of global inflation data may leave a sour aftertaste. The Fed is widely expected to follow the central banks of Canada and England with a quarter-percentage-point reduction in the benchmark federal funds rate on Tuesday.
James Murdoch: From Harvard Dropout to News Corp Heir
Few expected to see James Murdoch overtaking his elder brother Lachlan for their father's media empire.
Dell Turns to Retail Therapy
Dell Inc. announced on Thursday it will begin selling PCs at more than 900 Best Buy Co. Inc. stores in an attempt to gain more of the U.S. consumer market.
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T-Mobile can sell iPhone with contract: German court
Deutsche Telekom scored a victory in a legal battle with rival Vodafone over sales conditions for the coveted Apple iPhone, which T-Mobile sells exclusively in Germany.
UK Teddy Bear Teacher: Home Sweet Home
Gillian Gibbons, the teacher jailed in Sudan for allowing her students name a teddy bear Mohammed arrived in Britain on Tuesday morning after being pardoned and said she was sorry to leave the country and never imagined this would happen, according to news reports.
Holy Smokes! World's worst polluters list is out!
World's two fastest growing economies, China and India, have earned the dubious distinction of being home to some of the biggest polluting firms across the globe, according to a list published by Carbon Monitoring for Action (CARMA), a product of the Confronting Climate Change Initiative at the Center for Global Development, an independent think-tank located in Washington, DC.
British Teddy Bear Teacher Receives Pardon
A British teacher in Sudan who was convicted of insulting the Islamic religion received a pardon from Sudan's president on Monday and has left the country on a flight back home, according to the British Foreign Office.
Discover to take charge for UK card business
Discover Financial Services, the credit card company spun off by Morgan Stanley five months ago, said on Monday that it would take a charge to write off part of its Goldfish credit card business in Britain, where consumer credit has deteriorated.
Guitar Hero meets Warcraft in Vivendi-Activision deal
French telecom and media group Vivendi said on Sunday it will merge its video games unit with Activision Inc in a $9.85 billion deal that combines the hit Guitar Hero and World of Warcraft franchises under one roof.
British teacher jailed in Sudan is pardoned
A British teacher jailed in Sudan for allowing her students to name a teddy bear Mohammad will be released on Monday after receiving a pardon from Sudan's president, a source in a British parliamentary delegation said.
Sudanese Demand Exection of School Teacher
Sudanese demonstrators took to the streets of Khartoum after Friday prayers, demanding the execution of British teacher currently jailed for naming a teddy bear Mohammed.
Agitated Protests Over Blasphemous Mohammed Teddy Bear
Sudanese demonstrators took to the streets of Khartoum after Friday prayers, demanding the execution of British teacher currently jailed for naming a teddy bear Mohammed.
Eni takeover Burren Energy for over £1,700 million
UK oil producer Burren Energy has agreed to a takeover bid by Italian firm Eni worth £1,736 million. Eni are buying the entire issued share capital of the company at a price of £12.30 per share in cash.
Mohammed Teddy Bear Teacher Jailed
A British teacher based in Sudan was found guilty on Thursday of insulting Islam and was sentenced to 15 days imprisonment for naming a teddy bear Mohammed, British authorities reported.
FTSE flat as banks offset gains in commodities
Britain's FTSE 100 index remained steady on Thursday, with an increase in commodity stocks due to speculations for M&A and higher raw material prices.
Apple's Jobs tops Fortune's 25 most powerful businesspeople list
Apple co-founder and CEO Steve Jobs has been named as the most powerful businessman by Fortune magazine in a list which also features Lakshmi Mittal, Indra Nooyi and Ratan Tata.
Wolseley to cut 3,000 North American jobs
Worldwide distributor of plumbing and heating products Wolseley Plc has announced the axing of 3,000 jobs today in its first Interim Management Statement.
Toyota to recall 215,020 Lexus, other cars in Japan
Toyota Motor Corp (7203.T) said on Wednesday it would recall 215,020 units of the Lexus GS, Crown and three other high-end car models in Japan to fix a faulty fuel pipe that could lead to a fuel leakage.
World stocks erase early losses
World stocks steadied while the dollar hit one-week highs on Wednesday as investors took heart from firmer U.S. stock futures and banking stocks, which calmed investor jitters about the impact of the credit woes on the financial sector.
Pendragon shares drop 36% after profit warning
UK car dealer Pendragon has issued its second profit warning in five months, saying the company expects to miss full year profit targets by £12 million.
Tata Motors ahead in race to buy Ford's British brands
Tata Motors, a group company of India's leading tea-to-truck business conglomerate is reportedly ahead in the race to acquire ailing U.S. automaker Ford Motor Co.'s British luxury car brands Land Rover and Jaguar which was put up for sale earlier this year.
Indian film scores first Goal in Pakistan
An Indian film will be released officially Friday in Pakistan, a first for two countries that have banned each other's films for more than three decades.
UK Government criticised for under selling Qinetiq
The British Government has come under yet more criticism today after the National Audit Office (NAO) said that it could have got the taxpayer “more money†from the partial sale of defence firm Qinetiq. Qinetiq was sold by the Ministry of Defence (MoD) to US based private equity group Carlyle in 2003 for £42 million.
Almost all 154 people escape from Antarctic ship
Almost all the 154 passengers and crew from a cruiseliner sinking in the Antarctic Ocean have escaped onto life rafts, a British coastguard spokesman said on Friday.
Jaguar, Land Rover unions back Tata bid
UK union leaders at Ford Land Rover and Jaguar brands have voted to support a Tata Motors bid for the brands if Ford sells them, UK union Unite said.
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