POLITICS

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Centurion-Lord Krishna Bank merger approved

India's Centurion Bank of Punjab Ltd. (CBP) will acquire privately held Lord Krishna Bank (LKB) in an all stock deal, its Chief Operating Officer Anil Jaggia has announced.
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Videocon preferred bidder for Daewoo Electronics

A consortium of India's leading electronics and energy major, Videocon Industries Limited and US fund Ripplewood Holdings has emerged as the preferred bidder to buy South Korean appliances maker Daewoo Electronics.
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Microsoft Unveils Zune

Yesterday Microsoft Corporation unveiled details of the first of its products to be released under its Zune brand.
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Experiment Throws Doubt on Life on a State Pension

A report by AXA Avenue has predicted troubles ahead for those planning to live on a state pension. The report is based upon a unique experiment in which 26 households were challenged to live for a week on a state pension.
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Fastweb in Vodafone deal

Italian broadband company Fastweb and the Italian unit of mobile phone giant Vodafone on Friday will announce a commercial agreement
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Xinhua says it seeks no profit from media rules

China and its official Xinhua news agency defended new rules controlling foreign news organisations on Thursday, saying they are not aimed at commercial gain and will not give the agency unfair dominance.
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Top Drug Makers Seen Eyeing Bristol Purchase

Several of the world's top drugmakers may weigh acquiring Bristol Myers Squibb Co. after it fired its chief executive, although suitors seem unlikely to bid before next summer, analysts said.
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Oil rebounds above $64

Oil rebounded above $64 a barrel on Thursday as bargain hunting buyers stepped in after a month long rout and a renewed U.S. push for immediate sanctions against Iran
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GUS reports mixed as split nears

GUS, set to split into two FTSE 100 companies next month, reported a slight slowdown in growth at its credit information business
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Home shopping boosts retail sales

Strong sales of household goods and a penchant for home shopping helped retail sales rebound in August, suggesting last month's interest rate rise did not deter shoppers.
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Water utility AWG gets approach

Shares in AWG jumped more than 11 percent on Thursday after the water company said it had received an approach that could lead to an offer being made for the 2.2 billion pound firm.
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John Lewis H1 sales up

Retailer John Lewis Partnership on Thursday posted an 11 percent increase in group sales to 3.0 billion pounds
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Kingfisher profit falls

Europe's largest home improvement retailer Kingfisher on Thursday posted a smaller than expected fall in pretax profit and said its UK business should return to profit growth in the second half.

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