BUSINESS

London-based inventor Dominic Wilcox has created a pair of footwear with a built-in global positioning system (GPS) that guides the wearer in the direction of home or any desired destination. But they are yet to be mass produced, Examiner has reported.

ICICI Bank Ltd, Tata Motors Ltd, AK Steel Holding Corp, Groupon Inc, Altria Group Inc, ASML Holding, Citigroup and Weatherford International Ltd. are among the companies whose shares are moving in pre-market trading Friday.

The U.S. retail giant Wal-Mart is expected to launch its first store in India within 12 to 18 months following an economic reforms drive by the Indian government last week that allowed Foreign Direct Investment (FDI) in the multi-brand retail sector.

The U.S. stock index futures point to a higher open Friday amid investor hopes that the stimulus measures announced this month by policymakers around the world will be able to rejuvenate global economic growth momentum.

Asian stocks advanced Friday as the commitment of the central banks to support global economic growth continued to buoy investor sentiment.

The German DAX 30 index advanced 0.40 percent or 29.68 points to 7419.17. Shares of Commerzbank AG rose 0.84 percent and shares of Volkswagen AG climbed 0.70 percent.

Moody’s has cautioned the Indian government against a roll back of diesel price hike under pressure. The rating agency’s warning came in the background of speculations that the Congress-led government may partially roll back the recent hike in diesel prices and increase the cap on subsidized cooking gas cylinders to quell the public’s opposition to the reform measures it had announced recently.

Following Samsung’s foot-steps, Finnish firm Nokia has released an infographic, in which it attempted to show that the recently unveiled Lumia 920, its first Windows Phone 8 device, is way better when compared to Apple’s newest bet, the one and only iPhone 5.

The top after-market NYSE gainers Thursday were Stone Energy Corp, Western Asset Mortgage Capital Corp, Michael Kors Holdings Ltd, XPO Logistics and Promotora De Informaciones SA. The top after-market NYSE losers were Petrobras Argentina S.A, Blackrock High Income Shares, Steelcase Inc, Monster Worldwide and AuRico Gold Inc.

Most of the Asian markets rose Friday amid investor hopes that the stimulus measures announced this month by policymakers around the world will be able to bolster the global economic growth.

Asian shares and the euro steadied Friday as markets consolidated after recent sharp moves triggered by central banks' stimulus steps.

Pinterest, one of Silicon Valley’s youngest and most recent rising stars of social media, is recruiting Jon Jenkins as head of its engineering operations.

Uncertainty since the start of the 2008 financial crisis may have caused the U.S. unemployment rate to rise.

A Kate Middleton lookalike has gone from waiting tables – where patrons mistook her for the Duchess of Cambridge – to cashing in on her striking resemblance to the royal princess.

The New York Times has banned the submission of quotations for sources to review.

A rally that has added 30 percent to large U.S. bank stocks is over, and it's time for investors to cash in, a UBS report warns.

President Barack Obama maintains a lead of 5 percentage points over Republican Mitt Romney as he solidifies his advantage in the U.S. presidential race, according to a Reuters/Ipsos poll released on Thursday.

The U.S. Treasury on Wednesday lifted sanctions on Myanmar President Thein Sein, and a U.N. special rapporteur praised the government's decision to release several political prisoners.

Since billionaire entrepreneur Phil Anschutz announced on Monday that he was selling his sports and entertainment business AEG, the news has sparked the interest of several media and private equity firms looking to capitalize on the deal.

The proposed project to pump bitumen-infused gas from Alberta to Asia via the Northern Gateway project has activists facing off against the energy industry.

The world's largest retailer said it would stop selling Amazon's Kindle tablets.

The news that Bank of America was speeding up the layoffs of 16,000 workers aroused fear on Wall Street.

Thursday's purchasing managers' indexes, or PMIs, reignited fears about global growth prospects, as no country can remain unscathed from the euro zone debt crisis.

Federal and local authorities are clashing over a proposal to use eminent domain to fix mortgages.

Shortly after Apple's launch of iOS 6 on Wednesday, developers are already flocking to the new operating system's organized mobile payments storage application, Passbook. With major online ticket retailers and services like StubHub, Ticketmaster, and Fandango all jumping on the Passbook bandwagon, Apple may have gained an early lead in the mobile payment marketplace even as new enterprising operations like Square and eBay try their hands at integrating credit card transactions with smartphones and mobile devices.

Vatican official Pierbattista Pizzaballa has spoken out on the string of attacks against Christian monasteries and churches in Israel.

Mexican authorities are investigating the deadly fire that erupted at a state-run Pemex natural gas facility in northern Mexico, killing at least 26 people Tuesday.