Tech Mahindra wins bid for Satyam
India's Tech Mahindra won a bidding auction for fraud-hit Satyam Computer Services on Monday, in a deal that could lift the mid-sized outsourcer into the top tier of local software services firms.
China economy improves but deflation haunts Japan
China's economy is showing some signs of improvement, but a big fall in wholesale prices in Japan suggested the world's second-largest economy was sliding back toward deflation.
Express Scripts to buy WellPoint units for $4.7 billion
Express Scripts Inc has agreed to buy WellPoint Inc's NextRx subsidiaries for $4.68 billion, the companies said in a statement.
Bailed-out banks face probe over fee hikes: report
U.S. banks that received money under the Troubled Asset Relief Program are facing a probe over increases in rates and fees, the Wall Street Journal said. The Congressional Oversight Panel, the body named by Congress to oversee the federal bailout, is working on a report examining instances of potentially inappropriate lending by banks that got taxpayer capital, according to the paper.
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Action on AIG unit may cost taxpayers: report
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Satyam to name winning bidder
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GM told to prep for bankruptcy filing: report
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U.S. Treasury directs GM to prep for bankruptcy filing: report
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CES 2021 Highlight: Robot Vacuum And Mop From Roborock Unveiled, 50Hz Scrubber For Tough Stains
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CES 2021 Highlight: HONOR Band 6 Global Version Launch, The Most Functional Affordable Fitness Tracker to Date
More news
Rally's fate turns on bank results
If Wells Fargo's strong first-quarter preliminary performance is any sign, stocks could rally further this week on any reassuring news when three other big banks post quarterly results.
Defensive pharma promises solid Q1 results
Drugmakers should deliver a solid set of quarterly results but investors will be watching for any signs of recession choking demand for more expensive treatments.
PZ Cussons to bid for Sara Lee: report
Britain's PZ Cussons has made it onto the shortlist of bidders for the European household and personal care business of U.S. consumer goods group Sara Lee , the Sunday Times reported without citing sources.
Wall St Week Ahead: Rally's fate turns on bank results
If Wells Fargo's strong first-quarter preliminary performance is any sign, stocks could rally further this week on any reassuring news when three other big banks post quarterly results.
UBS to announce more job cuts soon: media
Swiss bank UBS will announce more job cuts soon, with staff in Switzerland and departments like marketing to be hit hard, newspapers reported on Sunday.
Credit Suisse starts shutting U.S. offshore accounts: report
Swiss bank Credit Suisse has started closing down the offshore accounts of U.S. clients who have not declared the money to the U.S. authorities, a newspaper reported on Sunday.
Thai protesters force Asia summit cancellation
A summit of Asian leaders in Thailand was canceled on Saturday after anti-government protesters swarmed into the meeting's venue, renewing doubts about the durability of the government.
Japan to give Pakistan $1 bln in aid: Nikkei
Japan's government is finalizing plans to provide Pakistan with up to $1 billion in economic aid over the next two years, the Nikkei business daily reported Saturday.
Obama sees signs of economic progess
President Barack Obama said on Friday the recession-hit U.S. economy was showing glimmers of hope despite remaining under strain and promised further steps in coming weeks to tackle the financial crisis.
FDIC sets up bank to resolve failed New Frontier
U.S. regulators on Friday closed New Frontier Bank of Greeley, Colorado, and set up a temporary bank so depositors can open accounts at other insured institutions.
Tribune gets federal subpoena on stock plan
The U.S. Department of Labor subpoenaed Tribune Co over an employee stock plan crucial to real estate mogul Sam Zell's buyout of the media company, Tribune said in a bankruptcy court filing on Thursday.
U.S. retail sales to fall 2.4 pct in Q2: ShopperTrak
U.S. retailers will continue to face difficulties in the second quarter as both traffic and sales levels are expected to post steady declines versus the same period last year, according to retail research and information company ShopperTrak.
Energy costs raised food prices more than ethanol in 2008: report
Food prices rose last year more because of higher energy prices, not the production of corn-based ethanol, a study showed.
Pirates want $2 million for American hostage: source
Somali pirates holding an American hostage on a drifting lifeboat want $2 million for his release, a fellow pirate onshore said on Friday.
Fed, Treasury urged banks to not discuss stress test results: reports
The U.S. Treasury and Federal Reserve Bank have asked top U.S. banks not to discuss the “stress tests” which regulators are conducting to determine the viability of the companies, according to reports.
Advisory firm urges shareholders vote no on Citigroup
Shareholders advisory company RiskMetrics Group Inc recommended Citigroup Inc shareholders vote against electing some current and former leaders of the company's audit committee, citing poor risk oversight.
Obama sees 'glimmers of hope' in economy
President Barack Obama said on Friday the recession-hit U.S. economy was showing glimmers of hope despite remaining under strain and promised further steps in coming weeks to tackle the financial crisis.
Seized credit union planned to understate loss
Senior managers at a major corporate credit union seized last month were preparing to report a credit loss significantly below what an external analysis had revealed, the U.S. regulator of credit unions said on Friday.
Obama sees glimmers of hope in economy
President Barack Obama said on Friday the recession-hit U.S. economy was showing glimmers of hope despite remaining under strain and promised further steps in coming weeks to tackle the financial crisis.
Federal agencies sign agreement to accelerate renewable energy projects offshore
U.S. Secretary of the Interior Ken Salazar and Federal Energy Regulatory Commission Chairman Jon Wellinghoff signed a Memorandum of Understanding on Thursday, to clarify their agency's jurisdictional responsibilities for leasing and licensing renewable energy projects on the U.S. Outer Continental Shelf.
Obama sees signs of economic progress
President Barack Obama said on Friday that he was seeing glimmers of hope across the recession-hit U.S. economy but that it still remained under severe strain.
Suicide truck bomb kills 5 U.S. troops
Under a hail of gunfire, a suicide bomber charged a checkpoint in northern Iraq on Friday, detonating a truck laden with explosives and killing five U.S. troops and two Iraqi policemen.
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