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Rupee

Indian growth weakest in nine years, rupee slides

India's economic growth slumped to its lowest level in nine years in the first three months of 2012, marking a dramatic slide in the fortunes of a country whose economy was boasting nearly double-digit growth before the global recession.
Banking on superhero

Spurned by Saviors, Spanish Bank Turns to ... Spider-Man

Facing what seem to be minute-by-minute rejections of various bailout scenarios, Spanish bank Bankia S.A. -- the country's fourth-largest financial institution, which is currently embroiled in a crisis of insolvency -- is putting its faith in the web-shooting hands of a Marvel Comics superhero, Spider-Man.
RIP Cisco Cius (2011-2012): How Apple, iPad Claimed Another Tablet Victim

RIP Cisco Cius (2011-2012): How Apple, iPad Claimed Another Tablet Victim

The Cisco Cius, we hardly knew ye. Less than a year after the Cius hit shelves on July 31, Cisco announced on Friday (via company blog) that it will discontinue all investments being poured into its tablet designed for business and enterprise professionals. The price may have been the Cius' ultimate killer, but the lack of entertaining features made this tablet all work, and no play.
Company Logo Shown at Headquarters for Oracle Corp in Redwood City

Oracle To Buy Cloud Social Marketing Platform Vitrue

Oracle Corp. (Nasdaq: ORCL), the No. 1 database company, said it would acquire private cloud media marketer Vitrue for an undisclosed sum a day after German rival SAP (NYSE: SA), Europe's No. 1 software company, offered to acquire e-commerce specialist Ariba Inc. (Nasdaq: ARBA) for $4.3 billion.
Macy's

Macy?s Eyes Chinese Market, Partners With China?s VIPStore

Macy's Inc. (NYSE: M), the owner of its namesake and Bloomingdale's department stores, said Wednesday it will start selling some of the department store chain's private label merchandise directly to consumers in China next spring through a deal with a Chinese online retailer.

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