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Greece

Derivative Swaps In Greek Debt Deal Could Weaken Europe Further

Greece's nearly $270 billion debt restructuring was deemed a default last week, bringing relief to creditors that had hedged their bets by buying credit default swaps. But the default declaration could send a wave of unintended consequences throughout Europe, further weakening some already-fragile economies.
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India's Sehwag and captain Dhoni share a laugh as they walk off field after their team's victory.

Dhoni-Sehwag Rift Settled: Ganguly

Former India cricket captain Sourav Ganguly says current skipper Mahendra Singh Dhoni and Virender Sehwag have settled their differences.
Acer Dethrones HP to Become No. 1 Desktop Maker in India

Acer Dethrones HP to Become No. 1 Desktop Maker in India

Despite experiencing macro-economic challenges in 2011 due to component shortage and fierce price wars among global vendors, Taiwan-based computer manufacturer Acer Inc successfully claimed the number one position in the desktop category in India during the year.
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SEC Charges Outfit Selling Early Facebook Shares

U.S. securities regulators brought charges Wednesday against an online trading platform and two private funds that were offering Facebook shares, the first major actions from a yearlong probe into lightly regulated trading in private company shares.
japan

Japan Earthquake 2012: Tokyo Airport, Bullet Trains Close After 6.8 Quake, Small Tsunami Strikes [VIDEO]

A year after the worst post-war natural disaster in Japan, an earthquake and several other quakes followed by a tsunami struck Japan's northern coastline on Wednesday according to officials, prompting closings at Tokyo's Narita International Airport and trains. According to the Japan Meteorological Agency, the first quake was magnitude 6.8 located on Hokkaido island, 146 miles south of Kushiro, Japan, six miles below the sea surface. The second was 6.1 off the coast of Chiba just east of T...
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Nikkei Tops 10,000, Retreats

Japan's Nikkei average breached 10,000 for the third straight session before trimming gains to 0.9 percent Tuesday, lifted by defensive buying as investors looked for signs of further easing from the Bank of Japan.
Buffett backed China car maker scraps dividend; profit dives

Technology Buybacks: IBM, HP, Qualcomm, Intel But Not Apple

Top-tier technology companies including Hewlett-Packard (NYSE: HPQ), IBM (NYSE: IBM), Intel (Nasdaq: INTC), Qualcomm (Nasdaq: QCOM) and Applied Materials (Nasdaq: AMAT), among others, all buy back shares. Qualcomm and Applied Materials have just refreshed their buyback programs and hiked their dividends, too.
Asahi Kasei will buy Zoll in an agreed cash deal for $93 a share, a 24 percent premium to Zoll's closing price on Friday, the two companies said in a joint statement. The deal is Asahi Kasei's biggest acquisition by far.

Asahi Kasei To Buy Zoll Medical For $2.2 Billion

Japan's Asahi Kasei Corp will buy U.S. medical equipment maker Zoll Medical Corp for $2.21 billion as it looks to build a globally competitive healthcare business and reduce its reliance on its chemicals and fibers operations.
Grasberg mine

Freeport Indonesia's Grasberg Is Up And Running

Work at the Grasberg mine in eastern Indonesia run by Freeport-McMoRan Copper & Gold Inc resumed as expected on Monday for the first time since a suspension on Feb 23, according to the company and the union.
PepsiCo CEO Indra Nooyi

PepsiCo Shake-Up: Ex-Exec To Run Food Unit

The hiring of Wal-Mart's Brian Cornell to run the Americas food unit and promotion of longtime executive John Compton to the new post of president might be seen as attempts to find a successor to Chairman and CEO Indra Nooyi, who has been mentioned in media reports as a potential candidate for World Bank president.

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