Global software major International Business Machines' chief executive Samuel Palmisano believes the government's $30-billion information technology investments may create over 900,000 jobs.
"Citigroup has struck a deal to sell a $ 1.7 billion portfolio of private-equity assets to European buyout firm AXA Private Equity," The Wall Street Journal reported citing a source.
Citigroup Inc has defended its $75 million settlement with the Securities and Exchange Commission over under-declaration of its subprime mortgage exposure, setting the stage for a federal judge to decide on whether to approve the deal, according to a media report.
Negotiations that continued till 2009 eventually failed and the money could not be recovered.
United States Secretary of State Hillary Clinton received a cool welcome in Pakistan on her recent trip, mainstream American media reported on Saturday adding this is reflection of the low-ebb in relationship between the two countries.
The book that Vinita Bali, managing director of Britannia Industries Ltd, is currently reading couldn't be more appropriate: 'Too Big to Fail'. Although that bestseller by New York Times columnist Andrew Ross Sorkin tells the inside story of how Wall Street and Washington saved the financial system -- and themselves, its title aptly sums up Bali's own half-a-decade tenure at the Bangalore-based foods conglomerate.
Attributing to Microsoft CEO for greater China, Simon Leung, the Wall Street Journal reported that the company plans to invest $100 million in Chinese companies, on top of the $40-million the software maker has invested since 2006.
Market breadth continued to remain positive with 1,730 gainers and 1,116 losers on the BSE.
Attributing to people familiar with the matter, the Wall Street Journal said, "Federal regulators are ready to propose a record penalty of $25 million or more against American Airlines for the maintenance lapses that prompted widespread flight cancellations in the spring of 2008."
US House Speaker Nancy Pelosi is going to visit Taiwan, with scheduled meetings with government officials at the self-governed island that China threatens to forcefully overtake, The Wall Street Journal reported on Monday.
Time Warner Inc's popular business magazine Fortune is planning to publish fewer issues annually and make other changes that could result in job cuts, says a media report.
The Nifty ended at 5452, up 35 points. The market breadth was marginally positive. Out of 3085 stocks traded on the BSE, there were 1505 advancing stocks as against 1413 declines.
Attributing to people familiar with the situation, the Wall Street Journal said that some officials at the agency have expressed doubts about the rigour of the report, which was based partly on interviews of Citi executives who were asked to rate the effectiveness of their colleagues.
Mobile phone maker Nokia Corporation has launched a search to replace current chief executive Olli-Pekka Kallasvuo, who has been struggling to mark a place for the company in high-end smartphone market, says a media report.
'Magic Bus'will allow the kids to get sports coaching and counselling.
According to the publication, in July, McGraw-Hill Cos, owner of BusinessWeek, said it was putting the magazine on the block. Since then, McGraw-Hill and its investment bank, Evercore Partners Inc, have had discussions with several parties.
Private equity firm Elevation Partners has invested $120 million in Facebook Inc by buying shares of the social networking site, a media report said.
Revamped at a cost of Rs 10 crore, Ouni village in Uttarakhand is being touted as a 'modern village' now. Nearly 40 solar street lights, two new transformers, and as many washrooms have been set up in the village, which didn't have street lights till a few months ago, reports Sarthak Choudhury.
Were you desperate to land an astrologically auspicious date for your wedding? How did it pan out?
"Google, as part of its goal to allow shoppers to use their mobile devices, rather than physical credit cards, to pay for goods in retail stores, is working on a potential partnership with electronic-payments company VeriFone Systems Inc," The Wall Street Journal reported citing a source.
The Wall Street Journal is working towards aligning its India strategy to the practices it follows globally, that is, to increase focus on digital distribution.
For many in India, the post-midnight swoop on hundreds of anti-Wall Street protestors camping at the Zuccotti park area of New York since the past two months brought back memories of the manner in which the Delhi Police evicted Baba Ramdev from Ramlila Maidan.
The global financial crisis that started in the later part of 2008 following the collapse of the Wall Street investment bank Lehman Brothers may be over but the cleaning up process is still on, said Chairman of Federal Deposit Insurance Corporation Sheila Bair on Tuesday.
Goldman Sachs is seeking to avoid a fraud charge as part of its settlement with the United States market regulator SEC, which had charged the investment banking major with defrauding investors by misrepresenting facts, a media report said.
Lehman Brothers Holdings Inc's estate has filed a lawsuit against JPMorgan Chase, alleging that the Wall Street major siphoned billions of dollars just days before the demise of the company.
Berkshire has reduced its stake as various regulatory inquiries and a slowdown in the business of rating lucrative structured bonds has taken a toll.
IT shares lost ground tracking a sell-off in tech stocks on Nasdaq on Friday
He asked world leaders to use the upcoming G-20 summit in Cannes to find solutions for the entire global economy and not focus merely on domestic financial concerns.
ICICI Bank was the top gainer in the Sensex pack, soaring over 6 per cent, followed by SBI, HDFC, PowerGrid, Sun Pharma, IndusInd Bank, Titan, Bajaj Auto and HDFC Bank. On the other hand, NTPC, Reliance Industries, Nestle India, HCL Tech and Infosys were among the laggards.
Lawyers of embattled Goldman Sachs met with representatives of the US market regulator SEC this week, a move seen as an attempt to settle the lawsuit against the banking major, according to reports.
The conviction of Pakistani national Ajmal Kasab by a Mumbai court in 26/11 terror attack case has been widely carried in the US media on Tuesday, the day on which it was itself grappling with trying to find out who was behind the failed Times Square car bombing.
A private funeral for Apple co-founder Steve Jobs, who died on Wednesday after a seven-year battle with pancreatic cancer, was held, according to a media report. It was a small private gathering on Friday, the Wall Street Journal quoted a person familiar with the matter as saying.
A private funeral for Apple co-founder Steve Jobs, who died on Wednesday after a seven-year battle with pancreatic cancer, was held, according to a media report. It was a small private gathering on Friday, the Wall Street Journal quoted a person familiar with the matter as saying.
Goldman Sachs' director Rajat Gupta tipped off Raj Rajaratnam, an accused in insider trading scam, about a deal between Buffett-led Berkshire Hathaway and the Wall Street giant, before the public announcement.
The US government is examining the possible role of Goldman Sachs and well-known investment banker Rajat Gupta in the Galleon hedge fund insider trading scam, says a media report.
Leclerc took pole in Monaco in 2021, but did not start the race due to a driveshaft failure, and 2022 when he ended up fourth.
The US Federal Trade Commission is understood to be preparing for an antitrust challenge against Internet giant Google's proposed purchase of mobile advertising firm AdMob, a media report says.
The US-hosted Nuclear Security Summit, to be attended by leaders of 40 countries including Prime Minister Manmohan Singh, is expected to issue a communique endorsing a global crackdown on illicit trade of nuclear material. A draft communique also calls for securing all vulnerable nuclear materials within 4 four years, The Wall Street Journal reported on Wednesday.
An advertisement by Pakistan in America's leading daily the Wall Street Journal on the 10th anniversary of the 9/11 attacks has not gone down well with readers in New York with some calling the ad a "joke".
As per the study of CEOs of 200 major US companies, the median compensation fell marginally by 0.9 per cent to $6.95 million in 2009, the Wall Street Journal said, citing an analysis by Hay Group management consultancy.
