Bhaskar Prasad

Daiichi Sankyo Co. and GlaxoSmithKline have stated that they have agreed to form a 50-50 joint venture which will bring new products to the Japanese market.

Greece has approved pension and health care cuts as part of the reforms agreed in return for the 130 billion euro ($171 billion) bailout deal approved by the Eurozone.

Google has gone ahead with implementing its new privacy policy, despite requests from the European regulators for a delay.

An executive of Goldman Sachs Group Inc has been investigated by the U.S. Federal authorities as part of an insider-trading probe.

The Nasdaq composite index crossed 3000 for the first time in more than a decade but finished in red following the testimony from Federal Reserve chairman Ben Bernanke which checked market expectations of more monetary easing.

Apple saw its stock market value close above $500 billion on Wednesday to become the most valuable company in the world at present.

Malaysian Airlines, the government-owned flag carrier of Malaysia, has reported a net loss of 1.28 billion ringgit ($426 million) in the three months ended in December subsequent to the rising fuel prices.

Wells Fargo & Co. and Goldman Sachs Group Inc. said Tuesday that they were facing inquiries from the Securities and Exchange Commission over civil claims connected to sales of mortgage-backed securities.

India's economy grew at 6.1 percent in the October-December quarter, the slowest rate of growth in 11 quarters, official data released on Wednesday showed.

Standard Chartered Plc said Wednesday it posted an increase in profit of 12 percent last year subsequent to robust revenue growth in both wholesale and consumer banking.

The recent rise in German consumer confidence, which looks encouraging at face value, will be difficult to be sustained with wage and employment growth already slowing according to a report.

International Business Machines Corp. (IBM) has fired more than 1,000 workers in North America this week, according to an advocacy group for the company’s employees.

Recent oil price increases are not a big threat to emerging Asian economies because of their strong fundamentals, analysts have said.

Proview has stated that it has amended its California lawsuit to include accusations that Apple has committed fraud and unfair competition.

Standard & Poor's has announced that its rating on Greek sovereign debt has been downgraded to selective default, subsequent to agreement by banks to write off more than half of their Greece debt holdings.

Yahoo has threatened Facebook with legal action if the two Silicon Valley giants can't agree on licensing of technologies covered by patents on which Yahoo says Facebook is infringing.

South Korea has posted a current account deficit in January for the first time in nearly two years subsequent to the decrease in exports as a result of the debt crisis in Europe and halted U.S economy.

Retail sales in Japan rose above forecasts indicating a recovery in consumer spending which could help the country to attain economic growth this quarter.

Priceline.com Inc., which is the biggest U.S. online travel agency by market value, reported a fourth quarter profit $226 million as total bookings rose more than 50 percent from a year ago to $4.96 billion.

Warren Buffett, the head of U.S. investment company Berkshire Hathaway, said the firm had chosen his successor but did not identify the person.

Royal Ahold NV, the Dutch supermarket retailer, has announced that it has bought Bol.com, the largest online retailer in the Netherlands, from Cyrte Investments and NPM Capital for 350 million euros ($469 million).

Roche, the Swiss drugmaker, has announced that it has extended its tender offer to acquire all outstanding shares of Illumina, Inc., for $44.50 in cash per common share until March 23.

China's economic model, driven by exports and investment, is no longer sustainable and reforms are needed to prevent a serious slowdown, the World Bank concludes in a new report.

The trial on the compensation for the Gulf of Mexico oil spill in 2010 has been delayed until March 5 with negotiations continuing on what should be the amount that BP should be paying.

Facebook is accused of accessing text messages of its users but the company has denied the charge by stating that it does not read the content and that the report is misleading.

The 84th Academy Awards, hosted by Billy Crystal, is taking place at the Kodak Theatre in Hollywood.

The El Paso Corp. announced on Friday it is selling its oil-and-gas exploration-and-production business -- the EP Energy Corp. (EP Energy) -- for about $7.15 billion to a consortium including Apollo Global Management LLC, Access Industries Inc., Riverstone Holdings LLC, and other unnamed firms.

The Standard & Poor's 500-stock index closed Friday at its highest level since June 2008 as a result of the rise of the U.S. stocks subsequent to increasing confidence on revival of economic situation with the approval of the Greece bailout package.

Seven months after the closure of the News of the World, Rupert Murdoch's News Corp. is returning to the Sunday tabloid market in the UK with the launch of the new edition of the Sun Feb. 26.