Attributing to people familiar with the matter, The Wall Street Journal said, 'federal prosecutors, after a two-year investigation, may soon decide not to charge executives for their role surrounding financial contracts that nearly brought down the company.'
Research In Motion has denied an Indian media report that said the company has offered to install a network data analysis system at its India office to allow access to emails sent through its BlackBerry smartphones to Indian security agencies.
From environmental clearance to regulatory approval, from land acquisition for greenfield projects to displacement of tribals, it's been a season of scams, deep mistrust and hostility among companies, bureaucrats, regulators and politicians.
Officials of United States financial giant Bank of America Corp have discussed slashing about 40,000 jobs under the first phase of a proposed restructuring exercise, according to a media report on Friday.
It will be in Modi's interest to reinvent his party, read the writing on the wall that voters wrote, and move ahead. He has little choice now. The country is watching, asserts Ramesh Menon.
Entrepreneurs face severe challenges while starting a business as the regulatory framework is burdensome in many nations.
A higher opening in Europe helped the index recover from steep early losses.
Sahara has paid a 10 per cent down payment for the 105-year-old landmark.
Bank of America Corp will slash 3,500 jobs in the current quarter and is working on broader restructuring that could eliminate thousands of additional positions, a media report says.
Axis Bank was the top loser in the Sensex pack, shedding over 4 per cent, followed by Tata Steel, SBI, NTPC, Bharti Airtel, ITC and ICICI Bank.
Vikram Pandit has taken the helm at the troubled financial-services giant. He talks about the road back.
The judge said the evidence that Gupta passed illegal information about Goldman Sachs to now-jailed hedge fund founder Raj Rajaratnam was not only overwhelming, it was disgusting in its implications.
Internet search giant Google has sued the US Department of the Interior alleging that the federal agency favoured rival Microsoft while considering bids for e-mail and collaboration software for its 88,000 employees.
Heads continued to roll in the News of the World phone hacking scandal as Rupert Murdoch's top executive and Dow Jones CEO Les Hinton became the latest high-profile personality to resign from his post. Hinton was the chief executive of Dow Jones, publisher of the Wall Street Journal. Rebekah Brooks, chief executive of the media group's UK newspaper arm News International had quit on Friday.
However, it could still take many years before the 161-year-old Lehman, once a poster-boy of the US markets, could regain its lost glory.
A survey, conducted by NBC/Wall Street Journal, showed Obama now leading 49 per cent to 46 per cent among likely voters, down slightly from the five-point lead he enjoyed in mid-September, the daily said.
After agreeing to sell 30 per cent stake in the 23 blocks in India to BP, Mukesh Ambani is reportedly looking for buyers for its gas transportation and marketing company.
The devotion to the deity is such that even commerce is not untouched by the spiritual feel in the holy city. Images of the grand temple is finding places even on visiting cards, posters, calendars and even signages.
Reserve Bank of India Governor Duvvuri Subbarao is not interested in carrying on in his present job after his term ends in September next year.
Markets suffered after other Asian indices closed in the red, tracking record-breaking losses at the Wall Street overnight.
The global financial system needs more regulatory reforms to reduce the possibility of another meltdown, according to experts at International Monetary Fund.
The Justice Department investigation, involves card company policies that prevent merchants from encouraging customers to use cards that have lower processing fees.
The Wall Street Journal has reported the civil probe, which has the potential to reshape how companies compete on the Internet, is the most serious legal threat yet to the 12-year-old company.
Top US officials are unhappy over some Inter-Services Intelligence elements continuing to support the Haqqani network to counter India's presence in the region, amid fears that Pakistani military is "unable or unwilling" to act against Taliban and Al Qaeda in the restive tribal belt.
Ambiguous replies about his travels abroad aroused the suspicions of airport officials and led to the arrest of Pakistani-American Lashkar-e-Tayiba operative, David Headley, charged with criminal conspiracy in the Mumbai terror attacks.
Morgan Stanley plans high-level management changes, which includes finance chief Colm Kelleher and veteran banker Paul Taubman taking charge of the company's institutional securities unit.
Cannot solve problems by perpetuating poverty in the name of environment, the prime minister said.
It is alleged that the drug maker used false marketing tactics to persuade the Medicaid officials in the US to give preference to its costlier drug Risperdal and spend millions on it.
Google Inc is close to settling a US criminal investigation into allegations it made money by accepting ads from online pharmacies that break US laws, says a media report.
Shedding its India-centric phobia, Pakistan's main spy agency ISI has in its new threat assessment determined that Islamist militants, and not India pose the main threat to Pakistan.
There are few periods in human history that have seen worldwide expressions of middle-class angst like the current one has.
Rajeev Srinivasan on why consumers must be careful with their powerful mobile devices.
Internet giant Yahoo may shed its substantial holding in China's Alibaba Group and in its Japanese affiliate in transactions totalling about $18 billion, says a media report.
The proposed agreement is not final, and could fall apart, the report noted.
According to the daily, the fine is expected to be the largest penalty ever levied on a single company by the US Federal Trade Commission.
The draft regulations on compensation of private banks, based on sound risk management and productivity linked principles, comes within days of the US Congress passing a major financial reform bill to discipline firms on Wall Street.
Skewed pay packets that encouraged imprudent risk-taking approach was one of the main causes for the financial crisis of 2008-09.
The Wall Street Journal has reported that the SEC has contacted many investment banks whose analysts cover generic drug-maker Mylan, asking about a meeting the company hosted last September with those analysts and a group of investors.
US-based banking major Citigroup is likely to slash 900 jobs in its securities and banking division amid financial market turmoil, says a report.
