Toyota Kirloskar Motor sales up 5.47 pct in December
Toyota Kirloskar Motors on Monday said that it has registered a marginal growth of 5.47 percent in sales at 6,359 units in December.
iGate-Patni deal still on, delays procedural: source
U.S. software firm iGate's deal with Apax Partners for a majority stake in India's Patni Computer Services is still on the table but has been delayed due to procedural issues, a source with direct knowledge of the matter said on Monday.
Intel woos Hollywood studios with new microchip
Intel Corp's new microchips, touted as its biggest-ever leap in processing power, include built-in content protection to make it safer for Hollywood studios to offer premium movies to consumers over their personal computers.
Stock futures rise on China PMI; factory data on tap
U.S. stock index futures rose on Monday on hopes the rally will continue in the new year as economic conditions continue to improve and as Chinese factory inflation tempered concerns of more monetary tightening.
BofA to take $3 billion mortgage settlement charge
Bank of America Corp agreed to settle outstanding claims on poorly underwritten mortgages it sold to government sponsored entities Fannie Mae and Freddie Mac, and said it will put aside $3 billion in the fourth quarter related to the claims.
Stock futures advance to kick off 2011; factory data due
Sock index futures rose on Monday, signaling a belief by investors the rally will continue in the new year as economic conditions continue to improve.
GM India post 2.54 pct jump in Dec sales
General Motors India on Monday said its sales grew by 2.54 percent to 8,468 units in December, 2010, from 8,258 units in the same month of the previous year.
Hyundai Motors India production touches 600,000 units in 2010
Hyundai Motor India Ltd on Thursday achieved a milestone by reaching the production of 600,000 units, the highest since inception in a calendar year.
Hyundai Motors India Dec sales remain flat
Hyundai Motors India Ltd. (HMIL), the second largest car maker and the largest car exporter in the Indian market, sold a total of 47,228 units during this month as compared to 47,217 units during the same period year ago.
Tata Motors sales up 31 pct in December
Tata Motors' total sales (including exports) of commercial and passenger vehicles in December 2010 were 67,441 vehicles, a growth of 31% over 51,627 vehicles sold in December 2009.
We treat our teachers like they are interchangeable widgets: Rhee
Michelle Rhee talks of ineffective and arcane human capital policies in education on NBC
China will continue to buy Spanish debt: vice premier
Chinese officials have faith in Spain's financial system and will continue to take part in government debt auctions, China's Vice Premier Li Keqiang wrote in an editorial in El Pais on Monday.
Now, Facebook is valued at $50 bln as Goldman Sachs invests $500 mln
Social networking site Facebook is now valued at $50 billion taking it ahead of companies eBay, Yahoo and Time Warner as it raised $500 million from Goldman Sachs and a Russian investor.
Apple woes continue as some oversleep in Asia and Europe
Some iPhone users in Asia and Europe complained of malfunctioning alarms on the first working day of 2011, even after Apple reassured users that its phones' built-in clocks will work from Monday.
Small business borrowing jumps again: PayNet
Borrowing by small U.S. businesses jumped in November to the highest level in more than two years, PayNet Inc reported on Monday, as entrepreneurs invested in their businesses and did a better job of paying existing debts.
Futures point to higher open for Wall Street
Stock index futures pointed to a stronger start for Wall Street on Monday, with futures for the S&P 500, the Dow Jones and the Nasdaq up 0.5 to 0.7 percent by 0913 GMT (4:13 a.m. ET) on the first trading day of the year.
Apple's iPhone woes continue as some in Asia sleep in
Some iPhone users in Asia complained of malfunctioning alarms on the first working day of 2011, even after Apple reassured users that its phones' built-in clocks will work from Monday.
iGate cancels briefing; Patni deal was expected
U.S. software company iGate said it canceled a press conference it had scheduled for Monday, at which it was expected to announce a deal with Apax Partners for a majority stake in India's Patni Computer Services for more than $900 million.
Asia factory output powers ahead but inflation worries
Asian factory output powered ahead in December to underline emerging markets' lead in the global recovery although data showed an increasing inflation threat in the region even as growth is tepid in developed economies.
Qualcomm to build $1 billion panel plant in Taiwan
U.S.-based Qualcomm Inc will invest nearly $1 billion in Taiwan this year to build a display plant to tap growing demand for new portable devices including electronics reading devices.
Oil extends rally above $91 on optimism, eyes U.S. data
Oil extended its rally above $91 a barrel on Monday on optimism the global economic rebound is gathering momentum, which could drive demand growth and send prices above $100 later this year.
Nintendo warns children not to play new player in 3D
Nintendo Co has warned children six years old or younger should not play games in 3D mode on a new 3D-capable handheld game player slated for an early 2011 debut, citing possible health risks.
Hyundai, Kia eye 10 percent 2011 sales rise after strong Dec
Hyundai Motor Group <005380.KS> and its affiliate Kia Motors <000270.KS> aim to boost vehicle sales by 10 percent this year after robust December sales, as the sector shows a gradual recovery, led by China and the United States. Hyundai Motor shares rose 2 percent on Monday, while shares in Kia Motors jumped 3.75 percent in a broader market <.KS11> up 0.9 percent, with Hyundai ex...
Borders distributor halts shipments to chain: report
Book distributor Rowman & Littlefield Publishing Group Inc temporarily stopped shipping books to Borders Group Inc after the bookstore chain said it would delay payments to some vendors, The Wall Street Journal reported on Sunday.
Google exploring digital newsstand: report
Google Inc has approached several magazine publishers about creating a digital newsstand, in a move that could open a new front in the Internet company's rivalry with Apple Inc, according to a news report.
CES gadget fest sizzle fizzles
Some 125,000 attendees descending on the annual tech gadget confab in Las Vegas this week can be forgiven for feeling as if they have traveled back in time.
Expedia dumps American Airlines listings
Online travel agency Expedia Inc has dropped tickets for American Airlines from its listings, charging that the airline's new commercial strategy is anti-consumer and anti-choice.
Best performing assets in 2010: Precious Metals, led by Silver
The entire precious metals complex had a stellar run in 2010, led by palladium's 97 percent rise and Silver's 83 percent gain. Gold yielded investors a 29.7 percent profit in 2010, the tenth consecutive annual gain in a row.
Wins for Arsenal, Manchester United and City, Spurs and Liverpool in the Premiership
A cracking Saturday in the English Premier league saw all the top four record wins while West Ham climbed out of relegation for the first time in the season. Here's a round-up of all the action.
Tom Cruise takes Rosie Huntington under his wings
He is impressed with her star power and wants CAA to represent her