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UBS India Head Resigns; Kamat Named New CEO: Memo

The head of India operations at UBS AG , Manisha Girotra, has resigned, according to an internal memo, the latest high-profile exit from the Swiss bank in the world's second-fastest growing major country.
A man walks past an advertisement of Japan's Olympus Corp in Tokyo

Olympus Steps Closer to Stock Market Delisting

Tokyo's stock exchange warned scandal-hit Olympus Corp on Thursday it will be delisted after 62 years as a publicly traded company if it fails to report earnings by December 14, another blow to the Japanese camera-maker's chances of survival.
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Toyota Recalls 550,000 Vehicles Due to Steering Flaw

Toyota Motor Corp. is recalling about 550000 vehicles worldwide to replace an engine component that could hamper steering. This will include 420,000 in the U.S. Nearly 27,000 vehicles were recalled in Canada and 38,000 recalled in Japan.
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Green Mountain Sales Miss Raises Growth Fears

Green Mountain Coffee Roasters' weak quarterly revenue raised fears about the company's growth potential, as sales of its Keurig coffee makers did not rise as much as Wall Street had expected, sending its shares down 34 percent.
Black Friday Ads Leak for 2011

Leaked Black Friday Ad Details, Expect Huge Savings for 2011

Black Friday is quickly approaching with just three weeks left, as customers eagerly await sale announcements from their favorite stores. Luckily for some, certain ads have already leaked to the public, allowing customers to map out exactly what they want and exactly where they need to go to get it.
american express

American Express to Invest $100M in Start-ups

American Express Co. is launching a $100 million fund as a new multi-year program designed to help accelerate the company's digital transformation, as it tries to add consumers in new geographies and attract younger generations.
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General Growth Properties Earnings up in 3Q on Higher Rent Renewals

General Growth Properties, the large mall operator that exited bankruptcy protection last year, reported core funds from operation (FFO), which measures its ability to generate cash, of $224.2 million, or 23 cents per share, up slightly from FFO of $223.2 million in 2010.
Oil barrels

EIA: U.S. Crude Oil Production, Inventories Drop

U.S. Energy Information Administration today reports U.S. crude oil refineries saw a drop in the number of barrels produced this week, contradicting the American Petroleum Institute's report.
Olympus investment losses may have exceeded $1 billion

Olympus investment losses may have exceeded $1 billion

Losses on securities investments at the core of a scandal rocking Japan's Olympus Corp may have once exceeded $1 billion, the Nikkei newspaper said on Wednesday, as the 92-year-old firm's share price plunged due to doubts about its future.
Jet Airways

‘No Plans to Cut Jobs’: Jet Airways

Jet Airways Ltd, India's top private carrier, said on Wednesday that it has no plans to cut jobs in drive to save costs and instead look to non-payroll areas to streamline operations.

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