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Mazda company logo

Mazda Seeks to Raise $1.67B In Share Offering

Mazda Motor Corp. set the price of an approximately $1.67 billion share offering at a discounted ¥124 per share, roughly $1.53, on Monday in the hopes that the money raised can help fund a return to profitableness for the struggling Japanese car manufacturer.

Tesco to Add 20,000 UK Jobs

Tesco to create 20,000 jobs in UK
Tesco Plc (LON:TSCO), the UK's largest retailer, said Monday it would add 20,000 local jobs over two years.

India Bans Cotton Exports Without Explanation

Cotton picking
India announced on Monday an immediate ban on all cotton exports until further notice, cutting off the world's second-largest exporter of cotton, in an unexplained move that could limit global supplies and drive up prices.
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File photo of a man wiping logo of Dell IT firm at CeBIT exhibition centre in Hannover

Dell unveils new servers, says not a PC company

Dell Inc launched a new line of servers for enterprise customers, boosting its corporate business unit and shifting its focus further away from consumers, who are increasingly choosing such devices as Apple Inc's iPad.
Citi Bank

Citi Sells Stake in India's HDFC for $1.9 Bln

Citigroup sold its stake in Housing Development Finance Corp (HDFC) for $1.9 billion, as global banks focus on shoring up their balance sheets to meet stricter capital requirements.

American International Group Posts Huge 4Q Profit on Tax Benefit

Bailed-out insurance giant American International Group Inc. (NYSE:AIG), boosted by a one-time accounting gain, reported fourth-quarter profit of $19.8 billion. Favorable stock market conditions also helped offset large losses stemming from Thailand floods.
Fresnillo Silver Mine

Gold Prices Rise to Three-Month High

Gold rose to a three-month high on Thursday and headed for its biggest one-week rally in a month, spurred on by the strength in the euro following Europe's bailout deal with Greece, ahead of an options expiry later in the day.
HP logo is seen outside Hewlett-Packard Belgian headquarters in Diegem

HP Profit Plummets, CEO Urges Patience

Hewlett-Packard Co's earnings fell nearly 44 percent and the world's No. 1 computer maker forecast a second-quarter profit below Wall Street estimates as it struggles with weak sales of PCs and printers.
HP EliteBook 8460p

HP 1st Quarter Earnings: 3 Key Items to Watch

Shares of Hewlett-Packard, the No. 1 computer services company, have gained more than 12 percent this year and nearly 30 percent since new CEO Meg Whitman was installed in September.
Logo on headquarters of American International Group Inc. (AIG) in New York

American International Group Earnings Preview: Q4 Swings to Profit on Tax Gain

Bailed-out insurance giant American International Group Inc. (NYSE:AIG), boosted by a one-time accounting gain, is expected to return to profitability when it reports its fourth-quarter earnings after markets close Thursday. Favorable stock market conditions and less reserve charges may also helped offset large losses stemmed from Thailand floods.
Aakash Tablet

Aakash, World's Least Expensive Tablet Gets Update: UbiSlate 7+ Debuts

Aakash, the $35 tablet computer released in October for Indian schoolchildren has a successor, dubbed the UbiSlate 7+, a slightly more expensive tablet for impoverished students in Latin America, Egypt, Thailand and Brazil. Due to huge demand for inexpensive Internet access in third world countries, DataWind, the company that made the Aakash, has been overwhelmed with interest in the device.
Japan's first trade deficit since 1980 raises debt doubts

Japan Trade Deficit Up on Aftershocks from Earthquake

Japan reported a record-high balance of trade deficit in January as last year's tsunami combined with floods in Thailand, the Eurozone's sovereign debt crisis, a slowing Chinese market and a soaring yen to leave the world's third-largest economy with its first trade deficit since the last century.
Police and forensic officials examine damaged car at Israeli Embassy after explosion in New Delhi

Is Oil Gagging India When it Comes to Blaming Iran?

While Indian authorities have launched an investigation into Monday's New Delhi car bombing, and its suspected masterminds, Prime Minister Manmohan Singh's government has continued to embrace trading with the country that is widely suspected of the attacks -- Iran.
Air Australia

Air Australia Collapse: How It Happened

The convoluted path of Air Australia, which is less than four months old and operated on a leased fleet of five aircraft, is being framed as a case study in which corporate hubris and a hands-off approach from corporate regulators combined to deliver a spectacular demise.

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