BUSINESS

Petroplus to dispose of assets and delist

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Insolvent oil refiner Petroplus said on Wednesday it planned to negotiate a sale of its assets and would delist its stock and a $150 million convertible bond from the Swiss bourse by mid-May.
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Be Part of History: You’re invited to Visit Britain in 2012 [VIDEO]

With all the events transpiring across the globe – natural calamities, political crisis, social unrest, violence, or at the very least, stress from working long hours – summer is always the best time to unwind, spend time with family, and take a break. People work to have a great holiday but finding the best place to go to yearly usually poses a problem.
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RIM delays analyst meeting

Research In Motion has delayed its annual presentation to financial analysts, usually held during the BlackBerry World conference in May, until it launches its next-generation smartphones.
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Twitter coverage of court gets struck down

A lawyer discovered how far the U.S. Supreme Court will go to close itself off from the public when it hears a case, no matter how many people on Twitter may be interested.
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House Republicans push info-sharing cyber bill

U.S. companies and the federal government would be able to share information about cybersecurity threats more easily under a bill introduced in the U.S. House of Representatives on Tuesday.
Beside the track while filming "Rush."

See Ron Howard’s Set Pictures from Formula 1 Movie “Rush”

“Rush” a new movie from Apollo 13 director Ron Howard slated to come out in 2013 might be the best racing movie since the 1971 Steve McQueen classics, “Le Mans,” and rumors are swirling that 2008 Formula 1 world champion Lewis Hamilton may have a role in the film.
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Gupta loses wiretap ruling, wins on SEC notes

Former Goldman Sachs Group Inc director Rajat Gupta lost his bid to suppress wiretap evidence at his upcoming criminal trial on charges that he leaked boardroom secrets to hedge fund founder Raj Rajaratnam.
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EU to fine UPS, other logistics firms over cartel

EU antitrust regulators are set to fine 13 logistics firms, including UPS, Panalpina and Expeditors, on Wednesday for taking part in a cartel, two people familiar with the matter said on Tuesday.
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Ex-Goldman director Gupta loses wiretap ruling

Former Goldman Sachs Group Inc director Rajat Gupta lost his bid to suppress wiretap evidence from his upcoming criminal insider-trading trial on charges that he leaked boardroom secrets to hedge fund founder Raj Rajaratnam.
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Fed swap lines in U.S. interest: Dudley

The central bank's decision to provide dollar swap lines to Europe was made in the United States' best interests and not solely to benefit Europe, a top Federal Reserve official said on Tuesday.
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Mandela archives, letters and notes go online

Thousands of letters, photographs and documents relating to former South African President Nelson Mandela went online on Tuesday in a project aimed at increasing access to the archives which detail his long walk to freedom.
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Analysis: Spain risks years without economic growth

Belt tightening in the board room and the living room, deep public budget cuts and anaemic bank lending may be setting Spain up for years of economic stagnation that could eventually force it to seek a bailout.
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Home prices unchanged in January: S&P

Single-family home prices were unchanged in January, a closely watched survey said on Tuesday, suggesting the battered housing market continues to crawl along the bottom.
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Stock futures point to flat open after rally

Stock index futures pointed to a flat open on Tuesday as investors found little reason to keep pushing shares higher after comments from Federal Reserve Chairman Ben Bernanke sparked a rally.
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Euro crisis needs mother of all firewalls: OECD

Euro zone finance ministers need to impress finance markets with the size of their rescue fund for indebted countries when they meet later this week, the head of the OECD said on Tuesday, advocating the mother of all firewalls.
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Stock futures flat after 1 percent rally

Stock index futures were flat on Monday as investors found little reason to keep pushing shares higher after comments from Federal Reserve Chairman Ben Bernanke sparked a rally.
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Analysis: Dow court case pushes limit of R&D tax credit

Dow Chemical Co is challenging the U.S. Internal Revenue Service in a rare court case over expanding the research and development tax credit to cover the costs of supplies used to improve the ways existing products are made.
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Euro zone debt crisis far from over: OECD

The euro zone's public debt crisis is not over despite calmer financial markets this year, the OECD said on Tuesday, with a warning that the bloc's banks remain weak, debt levels are still rising and fiscal targets are far from assured.
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U.S. stock index futures signal further gains

Stock index futures pointed to a higher open on Wall Street on Tuesday, with futures for the S&P 500 up 0.25 percent, Dow Jones futures up 0.29 percent and Nasdaq 100 futures up 0.36 percent at 0920 GMT.

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