Oil giant BP has lost its attempt to shift over $15 billion of costs related to the Gulf of Mexico oil spill onto contractor Transocean, increasing the possibility BP may have to foot the entire $42 billion clean up bill.
World stocks fell from a 5-1/2 month high on Friday as gains spurred by the Federal Reserve's pledge of low interest rates gave way to concerns about Portugal, seen as the next domino in the Eurozone crisis, and uncertainty over Greek debt talks.
The U.S. economy is not robust by any means, but the recent manufacturing-driven recovery, if tepid, is finally beginning to erase memories of the disappointing slowdown in 2011. On the wings of the recent gains, growth in most sectors of the economy is likely to continue - and maybe even pick up momentum towards the end of the year.
An e-mail circulated among individuals close to a Canadian-government sanctioned public relations team, whose charge is to promote Canada's image and natural resources in Europe, labeled aboriginal groups and environmentalist as adversaries to the country's business interests.
Wireless spectrum for smartphones, and how the Federal Communications Commission is dealing with the lack of it, are the major obstacles facing AT&T in the future, CEO Randall Stephenson said.
To extreme right-wing Hindus and ultra-nationalists, the holiday represents a dire threat to traditional Indian values and represent part of what they believe is a conspiracy by the West to destroy Indian culture.
The average Muslim convert in the U.K. is described as a “27-year-old white woman.”
The fact that I'm recognized for writing in ALL CAPS in poor English is something the Inner Literary Me took a while to accept.
Vodafone chief executive said the company's victory in a $2.2 billion legal battle against tax authorities in India would help pave the way for a listing of shares in its business in the country.
Meredith Alexander, a member of the body that oversees the sustainability of the London Olympics has resigned in protest at a sponsorship deal with Dow Chemical because of the American company's ties to the 1984 Bhopal gas disaster that killed thousands in Madhya Pradesh.
Thirty cities accounted for half of all global commercial real estate investment from 2008 to 2011, according to a report released Wednesday.
A huge banner in Davos trumpets India's launch of a $35 tablet computer and U.S. group Medtronic Inc is hoping to launch a similar low-cost revolution in medical devices like pacemakers.
Children exposed to chemicals from food packaging and textile products may have compromised immune systems, researchers said Tuesday. They found kids with more perfluorinated compounds, or PFCs, in their blood stream were less likely to respond to routine vaccines.
The BSE Sensex nudged higher on Wednesday, a day after the RBI indicated it would support growth, raising expectations for more foreign fund investments.
Daring silhouettes and avant-garde creations dominated the Prive couture line by Italian fashion designer Giorgio Armani, at the 2012 Paris Fashion Week.
The chief economist at Swiss banking giant UBS said Tuesday afternoon that Greece would likely default on its sovereign debt obligation, putting underwriters of insurance against such an event on the hook for billions of dollars in payments. He was only the latest market observer to say a default was imminent.
The brains of people tripping on magic mushrooms have given the best picture yet of how psychedelic drugs work and British scientists say the findings suggest such drugs could be used to treat depression.
Before treatment, the 51-year-old graphic artist was legally blind, unable to read a single letter on a standard eye chart. She has suffered from Stargardt's disease, the most common form of macular degeneration in young patients, since she was a teenager, and it was getting progressively worse.
The Red Devils have plenty of high-profile players linked to transfer reports.
Greece's private creditors pleaded Tuesday with European officials who rejected their bond swap offer to hammer together a deal before Athens tumbles into a chaotic default.
Human rights groups claim that Chinese security forces fired upon dozens of Tibetan protesters during a protest march.
An exclusive watercolor of the Kirkby Lonsdale Churchyard, by Joseph Mallord William Turner R.A., is the major highlight of forthcoming Bonhams auction of 19th century paintings. The auction will be held on Jan. 25.
