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SBI to launch retail bond issue on Monday - sources

State Bank of India, the country's largest lender, is expected to launch the first tranche of its 100 billion rupees ($2.2 billion) retail bond issue on Monday, according to a term sheet obtained by Reuters and a source with direct knowledge of the matter.
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Stocks yawn at Obama budget proposal

Stocks finished narrowly mixed as investors appeared to be underwhelmed by President Obama’s budget proposal, while unrest in the Middle East has spread to Iran and even Bahrain.
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De Beers

De Beers returns to profit, remains cautious

De Beers, the world's largest diamond producer, returned to a profit in 2010 as production rose 34 percent and diamond prices recovered to pre-crisis levels, although it remains cautious about the market this year.

AT&T counters Verizon iPhone with unlimited calling

AT&T, which is losing its hold on the iPhone to Verizon, has introduced a new feature to its customers that offers unlimited calling to any mobile number in the United States. AT&T's new offer is an attempt to counter an impending switch of iPhone customers to Verizon, which will be debuting iPhone 4 starting today.
Retail Stocks

Inflation - Retail Friend or Foe?

Robert W. Baird forecasts inflation to upswing during the course of 2011, while inflation overall is expected to remain rather benign by historical standards. The brokerage said food and gasoline are among the items poised to see upward price pressure this year.
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ID theft down 28 percent in U.S. in 2010: Survey

The number of victims of identity theft dropped by more than a quarter in the U.S. last year, the largest annual fall on record, but individual victims lost more money on average than ever before.
Winter drought may hit China wheat output- FAO

Winter drought may hit China wheat output- FAO

Wheat output in China, the world's largest producer and consumer of the grain, may be at risk after severe winter drought in its main northern producing regions, the United Nation's Food and Agriculture Organisation said.
An interior of Big Lots store

Big Lots Sale Appears Possible: Analyst

Benchmark Capital said the sale of retailer Big Lots (NYSE: BIG) appears possible and private equity buyers could target the company, after Bloomberg reported that Big Lots is exploring strategic options.

Young fight for full-time work in job market

Shanee Greenidge of Boston has been searching for full-time work since she dropped out of high school in 2009 and took a string of part-time jobs to help her mother pay bills.
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Job growth slower than expected in January

U.S. employment rose far less than expected in January, partly the result of severe snow storms that slammed large parts of the nation, but the unemployment rate fell to its lowest level since April 2009.

Only 36,000 jobs were created in January: BLS

The U.S. economy added a mere net new 36,000 jobs last month, although the unemployment rate fell sharply to 9.0 percent from 9.4 percent, according to the U.S. Bureau of Labor Statistics (BLS).
Chicago: 23.4%

Big dig-out follows widespread U.S. winter storm

Cities and towns across the United States started to dig out on Thursday from a winter storm that stretched for thousands of miles, with many areas still grappling with treacherous travel conditions.
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Investors rotate into retail stocks

Retailers were a standout in an otherwise flat market on Thursday as a bigger-than-expected rise in sales at U.S. chain stores helped dispel some of the concern about the U.S. consumer.

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