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What started as a family construction firm in the 1960s, Essar Group, based in Mumbai India, now is a behemoth of a company. It is fully integrated in steel production, oil and gas production and refining, electric generation and shipping on five continents with revenue of more than $27 billion.

As expected, Apple unveiled iOS 6 during the keynote presentation for the 2012 Worldwide Developers Conference (WWDC) in San Francisco. Nobody knew what Apple would include in its latest mobile operating system for iPhone, iPad and iPod Touch, but with more than 200 new features added to the iOS platform, this is the most comprehensive update Apple has ever released to its mobile devices.

Indian retail sector, which is one of the fastest growing in the world, is under immense pressure to allow the Foreign Direct Investment. With multi-national retail giants like Wal-Mart and CarreFour and foreign investors lobbying the government to throw open the retail sector, the government has made several futile attempts in the past two years to allow FDI in retail.

The new iPhone is not being unveiled at WWDC 2012 as some Apple enthusiasts had hoped, but the iOS 6 announcement gives us plenty of clues to what we can expect in the fall.

Here's a window into how low the bad guys will stoop to steal retail inventory: Last week in California, 1,600 pounds of premium dog food, a $10,000 cargo on its way to feed animals at a local pet rescue facility, was stolen.

China's May data dump over the weekend and on Monday painted a mixed picture of the economic health of the world's second-largest economy.

Bankrupt Eastman Kodak Co. (Pink: EKDKQ) may try to generate cash by trying to sell its portfolio of 1,100 imaging patents again, the Wall Street Journal reported.

This week's data releases could reignite hopes that the Federal Reserve will soon provide more policy stimulus. May's producer price index and consumer price index should show that inflationary pressures are easing, with the latter falling below the Fed's 2 percent target rate. Retail sales and industrial production figures for May are likely to come in on the soft side, as well.

Crude oil futures rallied Monday as market participants welcomed Europe's plan to provide financial assistance to Spain to properly restructure its troubled banks.

Stock markets in China and Hong Kong gained Monday as sentiment was buoyed on news that the euro zone will provide financial assistance to help Spain's troubled banks.

Many analysts anticipated China's balance-of-trade figures for May would be OK, but the customs numbers reported Sunday were better than that expectation: Year on year, the country's exports rose 15.3 percent, and its imports rose 12.1 percent.

As a weak economic recovery and cheaper gasoline alter the travel plans of Americans from international trips to domestic jaunts, the Gulf Coast could be a big winner.

Asian stock markets reported their first weekly gains in six weeks amid hopes that major central banks, including the U.S. Federal Reserve, might act to tackle deteriorating global economic conditions.

African governments -- and international animal-rights organizations -- contend the Chinese luxury consumer's appetite for ivory is driving a new wave of illegal killing of one of their continent's most iconic animals.

As a weakening economic recovery and cheap gas lead Americans to curtail international vacations, domestic tourism is poised for a solid summer.

The world's economies have fallen to their weakest level since the recession officially ended in 2009. German and U.S. bonds actually charge buyers interest rather than pay buyers interest. The euro zone's survival appears at genuine risk and China's red-hot economy, the second-biggest in the world, is not so red hot any more.

The 2010 Gulf Coast oil spill may prove to be a jobs booster for the region, if money paid in damages is spent to restore the Gulf's coast.

Little by little, we've been piecing together the puzzle known as the iPhone 5. We already have a pretty good idea of what the iPhone 5 will look like, but we are still largely uncertain what will be inside the phone. According to a research note, Apple will make significant improvements to the entire camera infrastructure in the iPhone 5, all while decreasing the overall thickness of the phone.

Richard Schulze, the founder and largest shareholder of Best Buy Co. (NYSE: BBY), the biggest U.S. electronics chain store, told the company's board Thursday he is resigning, effectively immediately. A reason for the abrupt departure was not publicly disclosed.

Mexican guest workers filed Wednesday a U.S. Department of Labor complaint against CJ's Seafood, a Wal-Mart Stores supplier, alleging the company didn't pay overtime for long shifts, locked them in and made physical threats for not working fast enough.

Nasdaq has reached out to at least one brokerage that lost money due to Facebook's botched IPO, saying it will make an announcement Wednesday.