Reliance Industries, BP Set up India Gas Solutions
Reliance Industries and BP Plc have formed a joint venture India Gas Solutions to source, market and transport natural gas.
India Inc Faces Slowdown: Investor Sentiment Dampened
India Inc has lost its swagger. Slowing growth, stubbornly high inflation, rising interest rates have dampened investor and corporate sentiment.
AT&T to Sell Smartphones for One Penny
Between next Friday and the following Monday, AT&T is selling some of its devices online for just one cent.
Canada Rail Traffic in Second Week of November Slips 0.4 Percent on Year
Canadian railroads reported 76,106 carloads for the week ended Nov.12, 2011, up 2 percent compared with the same week last year, and 49,461trailers and containers, down 0.4 percent compared with 2010, according to the Association of American Railroads.
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Barclays starts mid-cap Canadian oil and gas companies
Barclays Capital started coverage of several Canadian exploration and production companies, including PetroBakken Energy (PBN.TO: Quote), with a positive stance, saying the industry is well-positioned with low-risk growth and attractive dividend yields.
Ex-UBS Banker Sentenced for Aiding U.S. Tax Evasion
A former senior UBS banker who helped the U.S. government expand its crackdown on offshore tax evasion was sentenced to five years probation on Friday for advising wealthy Americans on ways to hide their money from U.S. tax authorities.
Frontier Airlines Named North America’s Leading Low-Cost Airline for 2011
Frontier Airlines has been named North America's Leading Low-Cost Airline of 2011 by World Travel Awards, an 18-year-old coveted travel awards program that acknowledges excellence in the world's travel and tourism industry.
Shell Sets Record with World's Deepest Subsea Well in Gulf of Mexico
Shell Oil Company has set a world record in drilling and completing a subsea well 9,627 feet below sea level at its Perdido Development in the Tobago Field 200 miles southwest of Houston.
Los Angeles Auto Show: Honda Unveils 2012 CR-V (VIDEO)
Automaker Honda unveiled its completely redesigned fourth-generation 2012 CR-V at the Los Angeles Auto Show. The new CR-V will go on-sale at Honda dealerships nationwide Dec. 15.
Suzuki to Buy Back 20 Percent Shares from Volkswagen
Suzuki Motor Corp said on Friday that it is planning to buy back up to 20 percent of its own shares held by Volkswagen.
UBS Shares Rise on Pledge to Restart Dividends
Shares in Swiss bank UBS rose on Friday as investors welcomed its pledge to start paying dividends again, though its plans to trim its scandal-hit investment bank failed to go as far as some had hoped.
HSBC India Unit Client Charged with US Tax Evasion
A San Jose, California, man faces charges of tax evasion after failing to report $1.3 million in interest income from HSBC Holdings Plc's India unit, U.S. prosecutors said on Thursday.
Reed Elsevier on Track in Economic Storm
Anglo-Dutch publishing and events group Reed Elsevier Plc/NV posted a 1 percent rise in underlying sales for the first nine months of the year and said macroeconomic uncertainty had had only a marginal effect on its results.
Dole Food Shrinks 3Q Loss as Strong Sales Offset Weak European Market
Dole Food narrowed its third-quarter loss year-over-year as stronger revenues offset a challenging period seen in its European market.
Honda to start manufacturing CR-Vs in Canada
Honda Motor Co's Canadian unit will start manufacturing its CR-V compact sport-utility vehicle in Canada early next year, Japan's No. 3 automaker said on Thursday.
Zero Motorcycles Shows Off New Lineup
California-based electric motorcycle maker Zero Motorcycles recently unveiled their 2012 line of bikes, boasting five models, a new powertrain and a battery pack that they claim will last the life of the bike.
GE planning new software center in California
General Electric Co plans to hire about 400 people to work in a new software development center it intends to open in San Ramon, California, next year, the largest U.S. conglomerate said on Thursday.
2011 LA Auto Show: 2013 Ford Mustang and Other Catchy Cars [Slideshow]
No one has made more of a splash than Ford--more specifically the 2013 Ford Mustang--at the 2011 L.A. Auto Show.
Deal Possible Between Iraq, Kurdistan and ExxonMobil on Oil Exploration Contract
After several days of loaded proclamations, a deal may be in the offering between ExxonMobil, the Kurdish regional government, and Iraq's central government.
Forest City Ratner, SHoP Unveil Atlantic Yards Tower [PHOTOS]
Forest City Ratner revealed on Thursday renderings of a 32-story residential tower that will abut the Barclays Arena at Atlantic Yards.
Chevron: Brazil Oil Leak 'Reduced to Infrequent Droplets'
Chevron Brazil announced Thursday the company is actively cementing an appraisal well responsible for causing a relatively small oil leak.
Verizon, Unions Still in Talks Three Months After Strike
Verizon and unions representing landline employees are working through issues such as job security, healthcare and retirement benefits.
Standard Bank targets Africa's SME sector
Standard Bank Group is now financing small and medium-sized (SME) enterprises, tapping into a lucrative segment that was previously ignored by mainstream lenders but is increasingly on the agenda for most African governments.
Nigeria fines BA, Virgin Atlantic total $235 mln
Nigeria said on Thursday it was fining airlines British Airways and Virgin Atlantic a total of $235 million, as an ongoing row between Britain and Africa's most populous nation over landing slots and ticket prices escalates.
Netflix, Wal-Mart Lawsuit: Wal-Mart Settles with Subscribers, Netflix Could go to Trial
Netflix said Thursday it would refuse to join Wal-Mart in the settlement of a class-action lawsuit involving more than 25 million current and former Netflix subscribers.
Citibank Sells Servicing Rights for $2.6 Billion Real Estate Portfolio to CWCapital
Citibank has sold servicing rights for a $2.6 billion real estate loan portfolio to CWCapital LLC, the companies announced on Wednesday.
RCMP to probe sexual harassment claims
Canada will probe allegations of widespread sexual harassment at the storied Royal Canadian Mounted Police, looking into the latest in a string of problems that have tarnished the reputation of the national force.
U.S. Mortgage Delinquencies Fall to Lowest Level Since 2008: MBA
Delinquent U.S. mortgage payments fell to 7.99 percent in the third quarter, down from 9.1 percent from a year earlier, according to the Mortgage Bankers Assocation.
Citigroup: Amazon to Challenge Apple's iPhone With New Device
Citigroup analysts believe that Amazon will launch its own smartphone in the fourth quarter of 2012.
Warner Bros., LoveFilm Sign U.K. Distribution Deal
Warner Bros. signed a major film distribution agreement with LOVEFiLM, a major competitor to Netflix, who signed an agreement with Lionsgate earlier this week.
Ford’s New Shelby GT500 Mustang Arrives with New look and More Power (PHOTOS)
Ford's new Shelby GT500 Mustang has surpassed all expectations, bringing with it a brand new supercharged 5.8-liter V8 engine that generates no less than 650 horsepower. The 2013 Shelby GT500 is expected to have a top speed of over 200 MPH.
UK Sells Bailed-Out Bank Northern Rock to Virgin
The British government has agreed to sell Northern Rock, the failed mortgage lender it nationalized in 2008, to Virgin Money, the banking arm of Richard Branson's Virgin empire.
Olympus Ex-CEO Woodford to Return to Japan as Top Shareholder Cuts Stake
The former CEO of Olympus Corp, whose suspicions over dubious accounting triggered a scandal at the camera and medical equipment maker, will return to Japan next week to meet with police and authorities investigating the case.
Analysis: Axe Hangs over Carrefour Revamp Plan, CEO
Carrefour, the world's second-biggest retailer, must slash prices, build more convenience stores and attract online shoppers as dire economic times make the current CEO's hypermarket revival plan increasingly obsolete.
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