The United States and Pakistan would hold their third ministerial-level Strategic Dialogue in Washington, DC, next week, against the backdrop of America pushing Islamabad to act firmly against terrorist safe havens and step up relief efforts in the wake of the devastating floods in the country
Apple's iconic chief Steve Jobs is back at work and his return will fuel debate over the company's disclosure practices which have drawn the attention of the Securities and Exchange Commission, says a media report.
In the past 10 years, 141,000 women or 2.6 per cent of female workers in finance left the industry.
The affected executives include Michael Klein, who was co-head of the New York company's investment bank, and Kevin Kessinger, formerly in charge of operations and technology at Citi, the report published online said. Klein and Kessinger both got lucrative severance packages when they left last year, including periodic cash payments.
A deal could be announced as early as Monday, The Wall Street Journal reported, citing people familiar with the matter.
In an interview to The Wall Street Journal, Oracle chief executive Larry Ellison said that he is setting a new course for Oracle that includes hiring 2,000 sales and engineering employees and developing a line of high-end computer systems.
Burger King Holdings Inc is in talks with private-equity firms like 3i Group Plc over a possible sale of the second-largest hamburger chain, says a media report.
According to an analysis by The Wall Street Journal, employees at 38 top financial companies in the country can expect to 'earn nearly 18 per cent more than they did in 2008 and slightly more than in the record year of 2007.'
Trying to adapt to changing market requirements amid recessionary conditions, corporate giants including Microsoft, IBM and Yahoo Inc are not only cutting jobs but are at the same hiring people in other business units, a media report says.
According to The Wall Street Journal, Deutch joined Citi's board in 1996, after leading the Central Intelligence Agency.
US Defense Secretary Robert Gates has refuted the whining of Pakistan's Ambassador to the US, Husain Haqqani who had contended in a recent article in the Wall Street Journal that the main reason Pakistan's counter-insurgency efforts this far against the Taliban and other extremist groups was because it had not been provided with proper equipment --attack helicopters and night visions goggles -- by the United States as promised.
FBI is probing a computer-security breach targeting Citibank that resulted in a theft of tens of millions of dollars by hackers who appear linked to a Russian cyber gang, according to a media report.
Just a decade ago, a kind of muscular nationalism was the leitmotif for talent management within Indian corporations. Any suggestion of bringing in foreign talent had managers bristling with indignation.
Superstar Hollwyood director Steven Spielberg and Anil Ambani are about to sign a deal that will see the ADA Group bankroll Spielberg's DreamWorks SKG with between $500 million to $600 million, The Wall Street Journal reported on Wednesday.
Citigroup chief economist Lewis Alexander is leaving the troubled financial services entity to join the US Treasury department, says a media report.
Microsoft has also approached other big online publishers to persuade them to remove their sites from Google's search engine
The size of the job cuts could not be ascertained.
At a board meeting last week, Benmosche told fellow AIG directors that he was 'done' but agreed to think it over after other board members reacted with shock.
Foreign direct investment into India has surged to over $25 billion in 2007-08 and the country's foreign exchange reserve crossed $341 billion as of Tuesday, Ashwani Kumar, minister of state for commerce and industry has said.
Raju Narisetti, who recently quit the Hindustan Times group's business newspaper Mint, has now been named one of the two managing editors of the Washington Post. Reports said that The Post named two managing editors on Tuesday Narisetti, who spent considerable time at the Wall Street Journal and Elizabeth Spayd, who has held top posts in the paper's digital and print newsrooms.
Attributing to people familiar with the situation, The Wall Street Journal said, Twitter Inc is nearing a deal to garner as much as $100 million that would buy the fast-growing Internet-messaging company more time to chalk out its business model.
General Motors Corp and Chrysler LLC have reopened merger talks, as Chrysler owner Cerberus Capital Management LP has signalled its willingness to give away part of its ownership in the auto maker, a media report said today, citing people familiar with the goings-on.
European investors face billions of dollars losses in the wake of disclosure of 'Ponzi' scheme run by Bernard Madoff, now being investigated by the American authorities.
The $14-billion bailout package for the troubled United States auto industry has collapsed in the Senate amid dispute over the wages paid to workers of the troubled manufacturing giants, according to a media report.
United States Homeland Security Secretary Michael Chertoff has said the absence of an operational incident manager -- as was developed in the US after the 9/11 attack -- clearly was a major problem during the Mumbai terror attacks, where there was a glaring lack of coordination between various departments and agencies.
American auto industry's Big Three appear close to securing a bailout, with Wall Street Journal reporting that the White House and top Democrats have agreed in-principle for a $15 billion rescue plan -- less than half the amount sought by GM, Ford and Chrysler.
The survey takes into account factors such as financial reputation, vision, corporate reputation, quality and innovation.
In a major catch, Pakistani authorities on Saturday nabbed a top militant suspected of beheading the Wall Street Journal reporter Daniel Pearl in 2002.
The US Department of Treasury plans to sell its 27 per cent stake in Citigroup Inc, says a media report. The stake selling is part of a programme of regularly scheduled sales.
India-born PepsiCo chief Indra Nooyi has been the news recently for her trip to China, her remarks about the US Fed and her ability to handle the financial crisis.
This effectively freezes the legal fight in the courts until Wednesday noon (2130 IST) following Wells Fargo and Wachovia announcement of $15 billion deal which bested the earlier deal with Citibank. Meanwhile, the Wall Street Journal said discussions to resolve the mess are continuing, with the most likely scenario resulting in Citigroup buying branches from Wachovia in the Northeast and mid-Atlantic region.
Hedge funds maximise absolute returns using a broad range of strategies including unconventional and liquid investments. Quoting people familiar with the matter the Wall Street Journal said: "The Securities and Exchange Commission ordered more than two dozen hedge funds to turn over trading information as it ramps up its investigation into whether traders were spreading rumours to manipulate shares."
The $58-billion conversion, announced in February when Citigroup shares were trading near USD 1, was supposed to happen in April but was slowed by negotiations between the bank and federal officials over details of the complicated transaction, the report noted. The deal is aimed at reducing worries about Citigroup's capital levels.
Quoting a person familiar with the matter the daily said, General Motors would provide more than $2.5 billion of the $3.6 billion necessary for the private equity firm to gain control of Delphi. General Motors filed for bankruptcy protection on Monday.
The Wall Street Journal, quoting people familiar with Apple, stated that "after months of uncertainty about Steve Jobs's health, the Apple Inc chief executive appears on track to return from medical leave this month."
Amit Varma, who publishes the popular India Uncut blog, speaks to rediff.com about his debut novel, My Friend Sancho.
Ford Motors, one of the big three in the US auto industry, is planning to increase its market share at a time when its rivals -- GM and Chrysler -- are tackling bankruptcy and restructuring procedures.
The overall freedom to start, operate, and close a business remains restricted by India's regulatory environment.
Billionaire Mukesh Ambani-led Reliance Industries has made it to the annual list of the world's 100 most respected companies compiled by the Wall Street Journal, topped by US-based healthcare products major Johnson & Johnson.
The facsimile edition of The Wall Street Journal and the Indian edition of Forbes, the magazine famous for its global billionaires' list, will be launched next week. A look at what to expect.
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