IBT Staff Reporter

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Indian low-cost carriers propose massive price hikes

Low-cost carriers in India such as SpiceJet and Indigo proposed to hike flight charges to levels that would make the 'low-cost' tag redundant. Fares will now be decided on a four-slab basis, set according to the distance. The price hikes nearly triple ticket prices for flights booked on a short notice.

Wall St dips as jobs data fails to alarm

U.S. stocks edged mostly lower on Friday as Wall Street shook off an unexpectedly weak payrolls report, while investors were reassured by the broader economic picture and the likelihood the Federal Reserve would stay the course on its stimulus plan.

France seeks to bar hosting WikiLeaks website

The French government is examining how it could ban website WikiLeaks from being hosted on servers in France, according to a letter written by Industry Minister Eric Besson and seen by Reuters on Friday.

England seize control at Adelaide

England seized control with a superb bowling performance against Australia on the first day of the second Ashes test at the Adelaide Oval as James Anderson's 4-51 reduced Australia to their worst start to a test innings in 60 years as they were dismissed for 245.

WikiLeaks moves site to Switzerland amid U.S. fury

WikiLeaks moved its website address to Switzerland on Friday after two U.S. Internet providers ditched it in the space of two days, and Paris tried to ban French servers from hosting its database of leaked information.

Payrolls barely rise, jobless rate jumps

U.S. employment barely grew in November and the jobless rate unexpectedly hit a seven-month high, hardening views the Federal Reserve would stick to its $600 billion plan to shore up the fragile recovery.

Wikileaks back online with new 'Swiss' address

Whistle-blower website Wikileaks was back online Friday afternoon with a new address from Switzerland. Web users trying to access the new website are being directed to a page with the URL http://213.251.145.96/, suggesting that the group has been unable to find a new hosting provider.

Best Buy Offers Free Smartphones Through December

As the holiday shopping season is underway, Best Buy Mobile, the mobile specialty retail unit of Best Buy Co. Inc. (NYSE:BBY), will be offering a minimum of four free smartphones every day through December.

China declares shift to prudent monetary policy

China will switch to a prudent monetary policy from a moderately loose stance, the Communist Party's top leaders decided on Friday, a change that could pave the way for more interest rate increases and lending controls.

SAP open to expanding cooperation with HP: paper

German business software maker SAP is open to intensifying its existing cooperation with Hewlett-Packard Co, its co-CEO told a German paper, but dismissed talk HP may be interested in the company.

Mobile firms seeing ads coming to handsets

The long awaited uptake of the potentially lucrative mobile advertising market by advertisers and consumers has actually started to happen, companies from Canada, Egypt and Poland said on Friday.

Berkeley confident of beating FY view, house sales rise

U.K. homebuilder Berkeley Group said it was confident of outperforming its full-year expectations, saying there is an underlying demand for the well-located, quality homes developed by Berkeley in London and the South East.

Wall St to test 2-year high on jobs data

Wall Street's largest two-day rally in three months will be tested by jobs data on Friday, with some in the market predicting a strong report that will push the S&P 500 to a fresh two-year high.

Big Lots profit misses Street, cuts Q4 outlook

Big Lots Inc's quarterly profit missed market expectations by a penny as the close-out retailer spent more to prepare for the holiday season, and the company cut its outlook for its crucial fourth quarter.

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