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Velti Initiated At 'Buy': Jefferies

Jefferies & Co. initiated its rating on shares of Velti Plc (NASDAQ: VELT) with a buy rating and a price target of $16.50. The company's unique advantage is that it offers customers the ability to deploy mobile marketing campaigns on a global basis, the brokerage said.

UK's Pru hikes payout to dispel AIA fallout

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Prudential said it would pay a bigger-than-expected dividend from forecast-beating 2010 profits, hoping to finally dispel lingering investor resentment over its bungled and costly bid for Asian rival AIA last year.
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Commander of ISAF Afghanistan General Petraeus chats with US Defense Secretary Gates upon Gates' arrival in Kabul.

Petraeus “jokes” about bombing Libya

General David Petraeus, commander of NATO troops in Afghanistan, was caught on microphone “joking” with Defense Secretary Robert Gates about taking military action against Moammar Gaddafi and bombing Libya.
Jonathan Ive

Apple CEO Steve Jobs incomplete without Jonathan Ive

The list of breathtaking designs delivered by Apple, which include the translucent Mac computers, iPod, iPhone and iPad, bear their genesis to the alchemy between Apple's star CEO Steve Jobs and Jonathan Ive, Senior Vice President, Industrial Design.
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Oil drops after early rally and Brent premium unwinds

Brent crude oil prices fell more than 1 percent on Monday, reversing steep early gains as traders assessed efforts to stem the conflict in Libya and took profits in Brent's unprecedented premium to U.S. futures.
Qatar's Prime Minister Sheikh Hamad bin Jassim bin Jaber al-Thani and U.A.E. Foreign Minister Sheikh Abdullah bin Zayed al-Nahayan

Persian Gulf states support no-fly zone over Libya

The six Persian Gulf states have expressed their support for the establishment of a no-fly zone over Libya, while the U.S., U.K. and France try to hammer out an agreement with the United Nations for just such a measure.
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Brent slips, premium to rising U.S. oil drops

Brent crude prices reversed after jumping back above $118 a barrel on Monday, and U.S. oil pared gains after concerns about Libya's conflict and the threat of wider supply disruptions in the Middle East lifted it to the highest level since September 2008.
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Oil pulls back from early rise in volatile trade

Brent crude prices turned lower after pushing back above $118 a barrel on Monday, and U.S. oil pared gains after concerns about Libya's conflict and the threat of wider supply disruptions in the Middle East lifted it to the highest level since September 2008.

Barclay’s boss pockets £6.5-million bonus

Despite massive public indignation over bankers bonuses, the chief executive of Barclays plc (NYSE: BLS) will receive a £6.5-million bonus, according to reports, making him the highest paid bank boss in Britain.
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Barclays CEO Bob Diamond gets $10.6 million bonus

Bob Diamond, the new chief executive of British bank Barclays Plc, was paid a bonus of 6.5 million pounds ($10.6 million) for last year and received a similar amount in shares under a long-term plan.
 BlackBerry 9700

RIM Marketing Chief to Leave in Six Months

Blackberry maker Research in Motion Ltd. (RIM) said its chief marketing officer Keith Pardy will be leaving in six months, just weeks ahead of its PlayBook tablet launch.
StanChart profit tops $3.1 bln as bad debts tumble

Kenya's StanChart FY pretax profit up 14 pct

Standard Chartered Bank Kenya joined other banks that experienced high growth in 2010 by posting a 14 percent rise in 2010 pretax profit on increases in income and customer deposits on Monday.
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Food may eclipse oil as spending threat

Food, not oil, may prove to be the bigger threat to global growth, with the pain falling disproportionately upon the developing economies that powered the latest economic recovery.
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HSBC considering move to Hong Kong: report

Europe's biggest bank HSBC may move its headquarters from London to Hong Kong because of what it sees as high levels of tax and red tape in the UK, according to a report in the Sunday Telegraph.
Rebels gather near a tank used by Libyan army defectors in the centre of the city of Zawiyah

Intense battles reported in Al-Zawiyah, Libya

Savage fighting has erupted again in the strategic Libyan city of al-Zawiyah, raising the specter for a prolonged civil war between forced loyal to and opposed to Moammar Gaddafi

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