The internal battle within the Obama administration seemed to have been won by Paul Volcker, the impressive and outspoken former Federal Reserve chairman who has long been a critic of financial innovation.
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.
'While we may speculate about personality politics, the reality is that there are more important issues that drive the India-US relationship.'
The ship, which departed from Long Beach, Calif., Sunday on a seven-day voyage to the Mexican Riviera, was about 200 miles south of San Diego when a fire ignited in the engine room, cutting off power, telephone service and air conditioning.
Certain publications like the Wall Street Journal and Newsday already charge for online articles, and New York Times will be doing so shortly. Now, the NY Times reports that other newspapers are following suit. "With advertising plummeting, many other publishers eager for a new source of revenue are considering making the switch, despite the risk of losing audience and advertising,"the Times wrote.
Publishing giant HarperCollins is in talks with Apple Inc to make electronic books available for the IT major's new tablet PC - expected to be launched later this month, a media report says.
The provision in this regard is expected to be included by US President Barack Obama when he rolls out his annual budget next month, media reports said.
As the terror alert of an Al Qaeda backed attack in Europe remains, the New York police carried out a drill to prepare against attacks on the lines of the 26/11 Mumbai attacks. The drill simulated multiple bombs and shooters, including a bomb under a vehicle, and police responded with helicopters, dogs, automatic weapons and an armoured car.
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
As the terror alert of an Al Qaeda backed attack in Europe continues, the New York police carried out a drill on Thursday to prepare against attacks on the lines of the 26/11 Mumbai attacks.
Nifty declined 14 points to close at 6145.
Disgraced Tour de France winner Floyd Landis has sent a series of e-mails to cycling officials and sponsors admitting to the use of performance enhancing drugs, the Wall Street Journal reported on Thursday. The report said the American's e-mails detailed his systematic use of the drugs during his career.
It is a spread so full, rich and varied it'd satisfy most cinematic gluttons.
Adobe and Apple would also close their offices during the holidays.
The Sensex swung in a range of nearly 200 points before ending virtually unchanged at 20104, lower by 12 points and the Nifty ended at 6029, down six points.
Sri lankan-born Rajaratnam along with his co-conspirator Danielle Chiesi was indicted on Tuesday on charges of using non-public information from company executives to earn around $21 million in illegal profits, according to the 37-page indictment.
US markets jumped on Monday, taking the S&P 500 to its highest in four months. The Dow added 1.3% to 10,754. Nasdaq jumped 1.7% to 2,356.
The Citigroup may cut a deal with the US government on Monday that will allow it to repay the bailout fund the financial entity had received at the height of the global financial crisis, says a report.
In the past 10 years, 141,000 women or 2.6 per cent of female workers in finance left the industry.
Citigroup plans to launch a $200 million fund for small-business lending in low and moderate income communities.
The company's recently hired chief executive Robert Benmosche threatened to quit last month reportedly amid frustrations over limitations on pay for top AIG executives.
The report by the Wall Street Journal said, "Google Inc is planning to introduce Android-based television software to developers at an event in May," citing sources with knowledge of the development.
A deal could be announced as early as Monday, The Wall Street Journal reported, citing people familiar with the matter.
Any assessment of Goldman Sachs' alleged "fraud" is likely to run into two problems. First, the armada of jargon that surrounds the financial derivatives market could mean that the essence of the case is lost in translation, leaving the non-specialist bewildered as to the exact nature of the Wall Street giant's alleged perfidy.
The Reserve Bank on Tuesday said it would come out with norms on salaries of CEOs of private and foreign banks by June end, in a move reminscent of the US seeking to control pay of Wall Street executives.
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.
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.
Nifty regained the 5400 mark to end at 5402, down 13 points.
Indian business, on quite a different trajectory from its global counterpart, remains relatively insulated from any kind of backlash.
Major American banks, including Citigroup and Goldman Sachs, temporarily lowered their debt in the past five quarters before reporting it to the public in order to mask risk levels, says a media report.
The Nifty ended at 5420, down 40 points. The market breadth was weak. Out of 3059 stocks traded on the BSE, there were 1208 advancing stocks as against 1739 declines.
Attributing to people familiar with the development, The Wall Street Journal reported that UBS AG's brokerage unit in the US is laying off nearly 200 employees, including about 25 managing directors.
May be the strong United States growth will lead the world back to a period of growth and help us all put this painful recrimination behind us.
Sunil Maheswari, the chief executive officer and co-founder of Mango Technologies Pvt Ltd, has many accomplishments to his credit. MINT-Wall Street Journal described Mango Technologies as one of the 'Top Ten Startup Companies of 2008'.
The market breadth was positive. Out of 3055 stocks traded on the BSE, there were 1503 advanxing stocks as against 1422 declining stocks.
India has banned as many as 106 Chinese apps, including TikTok, a move welcomed by both the Trump administration and the US lawmakers.
Attributing to people familiar with the situation, The Wall Street Journal said executives at the New York company plan to narrow the focus of Citigroup's US branch network to six major metropolitan areas.
The size of the job cuts could not be ascertained.
Financial services major Citigroup's top executive Tom King is leaving the company after 20 years of service and is likely to join Barclays Plc, a media report said.
© 2026 Rediff.com - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances